US BROKER MOVES: UFPI upgraded at BMO; RBLX downgraded at Piper Sandler

UPGRADES

• Cogent Communications (CCOI) upgraded to Overweight at JPMorgan; PT USD 22
• Twist Bioscience (TWST) upgraded to Outperform at Leerink; PT USD 70
• UFP Industries (UFPI) upgraded to Outperform at BMO; PT USD 108

DOWNGRADES

• Amgen (AMGN) downgraded to Hold at Erste Group
• Esperion Therapeutics (ESPR) downgraded to Hold at Needham
• Fabrinet (FN) downgraded to Equal-Weight at Fox
• Fermi (FRMI) downgraded to Neutral at UBS; PT USD 6
• Global Business Travel Group (GBTG) downgraded to Neutral at BTIG
• Inspire Medical (INSP) downgraded to Neutral at BofA; PT USD 53
• Inspire Medical (INSP) downgraded to Neutral at Piper
• James River Group (JRVR) downgraded to Market Perform at Citizens
• Lowe’s (LOW) downgraded to Neutral at BofA
• Pony AI (PONY) ADRs downgraded to Neutral at President Capital Management
• Repay Holdings (RPAY) downgraded to Equal-Weight at Stephens; PT USD 3.75
• Roblox (RBLX) downgraded to Neutral at Piper
• Tractor Supply (TSCO) downgraded to Neutral at Piper; PT USD 36
• Verizon (VZ) downgraded to Hold at Erste Group

INITIATIONS

• AbCellera Biologics (ABCL) initiated at New Overweight at Cantor; PT USD 7
• Aclaris Therapeutics (ACRS) reinstated at Buy at Guggenheim; PT USD 12
• ACM Research (ACMR) initiated at New Buy at Seaport; PT USD 75
• Applied Materials (AMAT) initiated at New Buy at Seaport
• Biomea Fusion (BMEA) initiated at New Market Outperform at Citizens; PT USD 9
• Cambria Gold Mines (CAMB) initiated at New Speculative Buy at Canaccord
• Climb Bio (CLYM) initiated at New Buy at Chardan; PT USD 22
• Energy Vault (NRGV) initiated at New Overweight at Cantor; PT USD 7
• Lam Research (LRCX) initiated at New Buy at Seaport; PT USD 300
• Sionna Therapeutics (SION) initiated at New Outperform at Wedbush; PT USD 53
• Ultra Clean (UCTT) initiated at New Buy at UBS; PT USD 130