US BROKER MOVES: TWLO upgraded at Stifel; PEP downgraded at Citi

UPGRADES

• Cubesmart (CUBE) Upgraded to Overweight at Barclays; PT USD 46 (prev USD 45)
• Fox Corporation (FOXA) Upgraded to Buy at Rothschild Redburn; PT USD 71 (prev USD 48)
• Independent Bank (IBCP) Upgraded to Outperform at Hovde Group; PT USD 41 (prev USD 36)
• J.B. Hunt Transport Services (JBHT) Upgraded to Outperform at Bernstein SocGen Group; PT USD 329 (prev USD 192)
• Jackson Financial (JXN) Upgraded to Buy at Jefferies; PT USD 140 (prev USD 120)
• Melco Resorts & Entertainment (MLCO) Upgraded to Outperform at CLSA; PT USD 6 (prev USD 6.10)
• Seagate Technology (STX) Upgraded to Overweight at Wells Fargo; PT USD 1,100 (prev USD 900)
• Toll Brothers (TOL) Upgraded to Buy at Citi; PT USD 176 (prev USD 146)
• Twilio (TWLO) Upgraded to Buy at Stifel; PT USD 260 (prev USD 175)
• Weyerhaeuser (WY) Upgraded to Strong Buy at Raymond James; PT USD 30

DOWNGRADES

• CNO Financial Group (CNO) Downgraded to Hold at Jefferies; PT USD 55 (prev USD 53)
• Citizens Community Bancorp (CZWI) Downgraded to Market Perform at Hovde Group; PT USD 24
• Lamar Advertising (LAMR) Downgraded to Neutral at Citi; PT USD 160 (prev USD 145)
• Liberty Latin America (LILAK) Downgraded to Neutral at Citi; PT USD 8 (prev USD 6.45)
• PepsiCo (PEP) Downgraded to Neutral at Citi; PT USD 145 (prev USD 170)
• Public Storage (PSA) Downgraded to Equalweight at Barclays; PT USD 349
• Ryder System (R) Downgraded to Neutral at Citi; PT USD 280 (prev USD 276)
• Travelers (TRV) Downgraded to In Line at Evercore ISI; PT USD 329 (prev USD 321)

INITIATIONS

• Amprius Technologies (AMPX) Initiated Buy at Jones Trading; PT USD 30
• Alpha Metallurgical Resources (AMR) Initiated Neutral at UBS; PT USD 165
• Digital Realty Trust (DLR) Initiated Buy at BTIG; PT USD 215
• Equinix (EQIX) Initiated Buy at BTIG; PT USD 1,210
• Houlihan Lokey (HLI) Initiated Buy at BofA Securities; PT USD 164
• JPMorgan Chase (HONA) Initiated Neutral at JPMorgan; PT USD 255
• IBM (IBM) Initiated Neutral at Susquehanna; PT USD 303
• Parker-Hannifin (PH) Initiated Neutral at Edgewater Research
• Roper Technologies (ROP) Initiated Market Perform at BMO Capital; PT USD 393
• Travelers (TRV) Initiated Buy at Truist Securities; PT USD 395
• X4 Pharmaceuticals (XFOR) Initiated Overweight at Wells Fargo; PT USD 11