US BROKER MOVES: YUM upgraded at MS; T downgraded at Oppenheimer

UPGRADES

Acadia Healthcare (ACHC) Upgraded from Hold to Buy at Jefferies; PT USD 30.00 (prev. USD 24.50)
Aveanna Healthcare (AVAH) Upgraded from Sector Perform to Outperform at RBC Capital; PT USD 10.00
SSR Mining (SSRM) Upgraded from Sector Perform to Outperform at RBC Capital; PT USD 40.00 (prev. USD 45.00)
Yum! Brands (YUM) Upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 185.00 (prev. USD 180.00)

DOWNGRADES

AT&T (T) Downgraded from Outperform to Perform at Oppenheimer
CareTrust REIT (CARE) Downgraded from Outperform to Market Perform at Hovde Group; PT USD 30.00 (prev. USD 28.00)
Conagra Brands (CAG) Downgraded from Market Perform to Underperform at Bernstein SocGen Group; PT USD 12.00 (prev. USD 16.00)
Campbell’s (CPB) Downgraded from Market Perform to Underperform at Bernstein SocGen Group; PT USD 19.00 (prev. USD 21.00)
Chipotle Mexican Grill (CMG) Downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 37.00 (prev. USD 49.00)
General Mills (GIS) Downgraded from Market Perform to Underperform at Bernstein SocGen Group; PT USD 31.00 (prev. USD 44.00)
Kraft Heinz (KHC) Downgraded from Market Perform to Underperform at Bernstein SocGen Group; PT USD 21.00 (prev. USD 25.00)
MGM Resorts (MGM) Downgraded from Buy to Hold at CBRE Equity Research; PT USD 50.00
Nu Holdings (NU) Downgraded from Positive to Neutral at Susquehanna; PT USD 13.00 (prev. USD 18.00)
Shake Shack (SHAK) Downgraded from Strong Buy to Outperform at Raymond James; PT USD 85.00 (prev. USD 125.00)
Shake Shack (SHAK) Downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 76.00 (prev. USD 115.00)
Simply Good Foods (SMPL) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 12.00 (prev. USD 17.00)
Thermo Fisher Scientific (TMO) Downgraded from Buy to Hold at HSBC; PT USD 540.00 (prev. USD 670.00)
VSXY (VSXY) Downgraded from Buy to Neutral at UBS; PT USD 90.00 (prev. USD 81.00)
VSXY (VSXY) Downgraded from Buy to Hold at Jefferies; PT USD 73.00 (prev. USD 65.00)
Yext (YEXT) Downgraded from Buy to Neutral at B. Riley; PT USD 5.00 (prev. USD 8.00)

INITIATIONS

Adagio Medical Holdings (ADGM) Initiated with Buy at Lucid Capital Markets, PT USD 3/shr
BridgeBio Pharma (BBIO) Initiated with Buy at Canaccord, PT USD 104/shr
Boyd Gaming (BYD) Initiated with Buy at Texas Capital Securities, PT USD 106/shr
Danaher (DHR) Initiated with Buy at DZ Bank, PT USD 210/shr
FDXF (FDXF) Initiated with Outperform at Raymond James, PT USD 180/shr
GE Vernova (GEV) Initiated with Market Perform at Raymond James
HQ (HQ) Initiated with Buy at Needham, PT USD 20/shr
LATAM Airlines (LTM) Initiated with Overweight at JPMorgan, PT USD 70/shr
Microbot Medical (MBOT) Initiated with Buy at Lucid Capital Markets, PT USD 4/shr
Merlin Labs (MRLN) Initiated with Buy at TD Cowen, PT USD 11/shr
Neurogene (NGNE) Initiated with Buy at Rodman & Renshaw, PT USD 70/shr
Norwegian Cruise Line (NCLH) Initiated with Market Perform at Bernstein SocGen Group, PT USD 18/shr
Omnicom Group (OMC) Initiated with Buy at Goldman Sachs, PT USD 146/shr
Construction Partners (ROAD) Initiated with Hold at Truist Securities, PT USD 130/shr
SS Innovations International (SSII) Initiated with Buy at Lucid Capital Markets, PT USD 7/shr
TE (TE) Initiated with Outperform at Northland, PT USD 16/shr
Upstream Bio (UPB) Initiated with Buy at H.C. Wainwright, PT USD 36/shr
Viking Holdings (VIK) Initiated with Outperform at Bernstein SocGen Group, PT USD 120/shr
Vox Royalty (VOXR) Initiated with Buy at Roth/MKM, PT USD 8/shr