US BROKER MOVES: WFC and BAC upgraded at HSBC; NKE downgraded at JPM, GS, and BofA after Q3 earnings report

UPGRADES

Asana (ASAN) Upgraded to Sector Perform at RBC; PT USD 7
Bank of America (BAC) Upgraded to Buy at HSBC; PT USD 55
Disney (DIS) Upgraded to Outperform at Raymond James; PT USD 115
nCino (NCNO) Upgraded to Overweight at Piper Sandler; PT USD 22
PJT Partners (PJT) Upgraded to Buy at Goldman
UnitedHealth (UNH) Upgraded to Outperform at Raymond James; PT USD 330
Wells Fargo (WFC) Upgraded to Buy at HSBC; PT USD 94

DOWNGRADES

Apellis Pharma (APLS) Downgraded to Neutral at HC Wainwright
Apellis Pharma (APLS) Downgraded to Market Perform at Raymond James
Apellis Pharma (APLS) Downgraded to Neutral at JPMorgan; PT USD 41
Apellis Pharma (APLS) Downgraded to Neutral at Cantor
Apellis Pharma (APLS) Downgraded to Hold at Stifel; PT USD 41
Apellis Pharma (APLS) Downgraded to Neutral at Citi; PT USD 41
Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Market Perform at Leerink
First Citizens (FCNCA) Downgraded to Neutral at JPMorgan; PT USD 2,200
Nike (NKE) Downgraded to Neutral at Goldman; PT USD 52
Nike (NKE) Downgraded to Neutral at JPMorgan; PT USD 52
Phreesia (PHR) Downgraded to Market Perform at Citizens
PPG Industries (PPG) Downgraded to Neutral at Citi; PT USD 113

INITIATIONS

Amcor (AMCR) Initiated at New Buy at Deutsche Bank; PT USD 50
Americold Realty Trust (COLD) Initiated at New Neutral at Piper Sandler
Arista Networks (ANET) Initiated at New Positive at Susquehanna; PT USD 160
ATI Inc. (ATI) Initiated at New Overweight at Wells Fargo; PT USD 175
Avery Dennison (AVY) Initiated at New Buy at Deutsche Bank; PT USD 200
Baidu (BIDU) ADRs Initiated at New Outperform at BNP Paribas; PT USD 161
Ball (BALL) Initiated at New Buy at Deutsche Bank; PT USD 72
Boeing (BA) Initiated at New Overweight at Wells Fargo; PT USD 250
Booz Allen (BAH) Reinstated Equal-Weight at Wells Fargo; PT USD 85
BWX Technologies (BWXT) Reinstated Underweight at Wells Fargo; PT USD 200
CACI (CACI) Reinstated Overweight at Wells Fargo; PT USD 725
Caris Life Sciences (CAI) Initiated at New Buy at Goldman; PT USD 27
Carpenter Tech (CRS) Initiated at New Equal-Weight at Wells Fargo; PT USD 400
CrowdStrike (CRWD) Initiated at New Buy at Benchmark
Crown Holdings (CCK) Initiated at New Buy at Deutsche Bank; PT USD 124
Datadog (DDOG) Initiated at New Buy at Benchmark
Entrada Therapeutics (TRDA) Initiated at New Overweight at Cantor
General Dynamics (GD) Reinstated Overweight at Wells Fargo; PT USD 400
General Electric Aerospace (GE) Reinstated Overweight at Wells Fargo
Graphic Packaging (GPK) Initiated at New Hold at Deutsche Bank; PT USD 9.60
Greenfire Resources (GFR) Initiated at New Outperform at National Bank
Heico (HEI) Reinstated Equal-Weight at Wells Fargo; PT USD 290
Hexcel (HXL) Reinstated Overweight at Wells Fargo; PT USD 95
Howmet Aerospace (HWM) Reinstated Equal-Weight at Wells Fargo; PT USD 240
Huntington Ingalls (HII) Reinstated Equal-Weight at Wells Fargo
International Paper (IP) Initiated at New Hold at Deutsche Bank; PT USD 38
Leidos (LDOS) Reinstated Equal-Weight at Wells Fargo; PT USD 165
LeMaitre Vascular (LMAT) Initiated at New Hold at Freedom Capital; PT USD 113
Lockheed (LMT) Reinstated Equal-Weight at Wells Fargo; PT USD 650
Marex Group (MRX) Reinstated Buy at William O'Neil
Marten Transport (MRTN) Initiated at New Outperform at Baird; PT USD 18
Microsoft (MSFT) Initiated at New Buy at Benchmark
Mobileye (MBLY) Initiated at New Buy at Berenberg; PT USD 9.30
Northrop Grumman (NOC) Reinstated Overweight at Wells Fargo; PT USD 800
Packaging Corp (PKG) Initiated at New Hold at Deutsche Bank; PT USD 225
Palantir (PLTR) Initiated at New Hold at Benchmark
Palo Alto Networks (PANW) Initiated at New Buy at Benchmark
Pelthos Therapeutics (PTHS) Initiated at New Overweight at Cantor; PT USD 50
Pony AI (PONY) ADRs Initiated at New Buy at HSBC; PT USD 16.60
Rocket Lab (RKLB) Reinstated Equal-Weight at Wells Fargo; PT USD 60
RTX Corp (RTX) Reinstated Equal-Weight at Wells Fargo; PT USD 200
Sanmina (SANM) Initiated at New Neutral at Susquehanna; PT USD 135
Sensient (SXT) Initiated at New Buy at UBS; PT USD 115
ServiceNow (NOW) Initiated at New Buy at Benchmark
Silgan (SLGN) Initiated at New Buy at Deutsche Bank; PT USD 52
Snowflake (SNOW) Initiated at New Buy at Benchmark
Sonoco (SON) Initiated at New Buy at Deutsche Bank; PT USD 63
StandardAero (SARO) Initiated at New Overweight at Wells Fargo; PT USD 32
Textron (TXT) Reinstated Equal-Weight at Wells Fargo; PT USD 92
TransDigm (TDG) Reinstated Equal-Weight at Wells Fargo; PT USD 1,200
Voyager Technologies (VOYG) Initiated at New Buy at TD Cowen; PT USD 35
Voyager Technologies (VOYG) Initiated at New Underweight at Wells Fargo
WeRide (WRD) ADRs Initiated at New Buy at HSBC; PT USD 11.40
Woodward (WWD) Reinstated Overweight at Wells Fargo; PT USD 440