BROKER MOVERS: TGT and VSCO upgraded, with BA and PYPL downgraded

UPGRADES:

• Americold Realty Trust I (COLD) upgraded to Buy at Truist Secs
• BlackRock (BLK) upgraded to Outperform at Cowen
• Boston Beer (SAM) upgraded to Market Perform at Bernstein
• Camtek/Israel (CAMT) upgraded to Overweight at Barclays; PT USD 82
• Centerspace (CSR) upgraded to Outperform at RBC; PT USD 63
• CMS Energy (CMS) upgraded to Outperform at Wolfe; PT USD 62
• Coherent Corp (COHR) upgraded to Overweight at Barclays; PT USD 60
• DocuSign (DOCU) upgraded to Equal-Weight at Morgan Stanley; PT USD 64
• Dollar General (DG) upgraded to Overweight at Morgan Stanley
• Dutch Bros (BROS) upgraded to Buy at Stifel; PT USD 35
• Equinix (EQIX) upgraded to Buy at Truist Secs; PT USD 915
• Federal Realty (FRT) upgraded to Buy at Truist Secs; PT USD 117
• Fluence Energy (FLNC) upgraded to Outperform at BMO; PT USD 27
• Home Depot (HD) upgraded to Overweight at Piper Sandler; PT USD 400
• Mid-America (MAA) upgraded to Sector Perform at Scotiabank; PT USD 147
• Mid-America (MAA) upgraded to Buy at Truist Secs
• NXP Semi (NXPI) upgraded to Overweight at Barclays; PT USD 260
• Parsons (PSN) upgraded to Outperform at Baird; PT USD 75
• Sana Biotech (SANA) upgraded to Buy at HC Wainwright; PT USD 12
• SLM (SLM) upgraded to Buy at Citi; PT USD 23
• Starbucks (SBUX) upgraded to Overweight at Morgan Stanley; PT USD 120
• Target (TGT) upgraded to Overweight at Morgan Stanley
• Triumph Group (TGI) upgraded to Outperform at Baird; PT USD 20
• Valvoline (VVV) upgraded to Overweight at Morgan Stanley
• Victoria's Secret (VSCO) upgraded to Overweight at Wells Fargo; PT USD 28
• Wayfair (W) upgraded to Overweight at Morgan Stanley
• Western Digital (WDC) upgraded to Overweight at Barclays; PT USD 65
• Western Digital (WDC) upgraded to Buy at Deutsche Bank; PT USD 65
• Whitestone REIT (WSR) upgraded to Buy at Truist Secs

DOWNGRADES:

• Acadia Realty (AKR) downgraded to Hold at Truist Secs; PT USD 18
• Ambrx Biopharma (AMAM) downgraded to Neutral at Baird; PT USD 28
• Anglogold (AU) downgraded to Neutral at Nedbank CIB; PT USD 19.83
• AvalonBay (AVB) downgraded to Hold at Truist Secs
• Axonics Inc (AXNX) downgraded to Equal-Weight at Morgan Stanley; PT USD 71
• Boeing (BA) downgraded to Equal-Weight at Wells Fargo
• Boot Barn (BOOT) downgraded to Hold at Williams Trading; PT USD 80
• Brinker (EAT) downgraded to Underweight at Morgan Stanley; PT USD 36
• Coupang (CPNG) downgraded to Neutral at Citi; PT USD 17
• Driven Brands (DRVN) downgraded to Equal-Weight at Morgan Stanley
• DTE Energy (DTE) downgraded to Peer Perform at Wolfe
• Equity LifeStyle (ELS) downgraded to Hold at Truist Secs
• Ferrari (RACE) downgraded to Neutral at Mediobanca SpA; PT USD 354.84
• FMC Corp (FMC) downgraded to Underperform at BofA; PT USD 57
• Fortinet (FTNT) downgraded to Equal-Weight at Wells Fargo; PT USD 65
• G-III Apparel (GIII) downgraded to Underweight at Wells Fargo; PT USD 24
• Harpoon Therapeutics (HARP) downgraded to Market Perform at Cowen
• Hercules Capital (HTGC) downgraded to Neutral at Compass Point; PT USD 17.50
• Hyatt (H) downgraded to Neutral at Redburn; PT USD 120
• Illumina (ILMN) downgraded to Hold at HSBC; PT USD 150
• Levi Strauss (LEVI) downgraded to Equal-Weight at Wells Fargo; PT USD 18
• MasTec (MTZ) downgraded to Neutral at Baird; PT USD 75
• NetApp Inc (NTAP) downgraded to Market Perform at Raymond James
• Northrop Grumman (NOC) downgraded to Neutral at Baird; PT USD 505
• PayPal (PYPL) downgraded to Neutral at Mizuho Securities; PT USD 65
• Prime Medicine (PRME) downgraded to Hold at Stifel; PT USD 9
• Rent the Runway (RENT) downgraded to Equal-Weight at Wells Fargo; PT 60 cents
• Rocket Cos. (RKT) downgraded to Sell at Citi; PT USD 10
• RTX Corp (RTX) downgraded to Neutral at Baird; PT USD 94
• SL Green (SLG) downgraded to Hold at Truist Secs
• Starbucks (SBUX) downgraded to Hold at Gordon Haskett; PT USD 100
• Sun Communities (SUI) downgraded to Hold at Truist Secs
• Sweetgreen (SG) downgraded to Underweight at Morgan Stanley; PT USD 10
• Tractor Supply (TSCO) downgraded to Underweight at Morgan Stanley
• Transphorm (TGAN) downgraded to Hold at Benchmark
• Wendy's (WEN) downgraded to Hold at Gordon Haskett; PT USD 21

INITIATIONS:

• Callon Petroleum (CPE) rated New Buy at Baptista Research; PT USD 43.60
• Crinetics Pharma (CRNX) rated New Overweight at Morgan Stanley; PT USD 50
• Datadog (DDOG) rated New Outperform at BMO; PT USD 140
• Energy Vault (NRGV) rated New Buy at Roth MKM; PT USD 4
• Enphase Energy (ENPH) reinstated Buy at Canaccord; PT USD 142
• Esquire Finl (ESQ) rated New Strong Buy at Raymond James; PT USD 60
• Light & Wonder (LNW) rated New Buy at Benchmark; PT USD 92
• Newamsterdam Pharma (NAMS) rated New Overweight at Piper Sandler
• NEXTracker (NXT) rated New Buy at Goldman; PT USD 62
• Seanergy Maritime Holdings (SHIP) rated New Buy at B Riley; PT USD 11
• Shift4 Payments (FOUR) rated New Outperform at KBW; PT USD 95
• SolarEdge (SEDG) reinstated Hold at Canaccord; PT USD 80