BROKER MOVES: ABNB upgraded at Jefferies; SHW downgraded

UPGRADES:

• Airbnb (ABNB) Upgraded to Buy at Jefferies; PT USD 185


• Camden Property (CPT) Upgraded to Buy at Jefferies; PT USD 139


• CME Group (CME) Upgraded to Outperform at Raymond James; PT USD 287


• Cracker Barrel (CBRL) Upgraded to Buy at Truist Secs; PT USD 55


• DocuSign (DOCU) Upgraded to Neutral at JPMorgan; PT USD 75


• Fastenal (FAST) Upgraded to Outperform at William Blair


• Flutter (FLUT) Upgraded to Add at Peel Hunt; PT USD 287.85


• Hudson Pacific (HPP) Upgraded to Overweight at Wells Fargo; PT USD 4


• Independence Realty (IRT) Upgraded to Buy at Jefferies; PT USD 24


• KeyCorp (KEY) Upgraded to Buy at Citi; PT USD 20


• Knight-Swift (KNX) Upgraded to Neutral at Citi; PT USD 53


• Mid-America (MAA) Upgraded to Buy at Jefferies; PT USD 190


• Paycom Software (PAYC) Upgraded to Overweight at KeyBanc; PT USD 245


• ProQR Therapeutics (PRQR) Upgraded to Buy at Citi; PT USD 4


• Samsara (IOT) Upgraded to Outperform at BMO; PT USD 48


• Upgraded to Overweight at Piper Sandler; PT USD 50


• Shift4 Payments (FOUR) Upgraded to Strong Buy at Raymond James


• WW Grainger (GWW) Upgraded to Outperform at William Blair


• XPeng (XPEV) ADRs Upgraded to Buy at Citi; PT USD 29

DOWNGRADES:

• Emerson Electric (EMR) Downgraded to Underweight at Barclays; PT USD 110


• Host Hotels (HST) Downgraded to Neutral at Compass Point; PT USD 18


• Kilroy (KRC) Downgraded to Equal-Weight at Wells Fargo; PT USD 35


• Marex Group (MRX) Downgraded to Hold at HSBC; PT USD 36


• Neumora Therapeutics (NMRA) Downgraded to Market Perform at William Blair


• Pebblebrook (PEB) Downgraded to Neutral at Compass Point; PT USD 15


• Sherwin-Williams (SHW) Downgraded to Hold at Jefferies; PT USD 380


• UDR (UDR) Downgraded to Hold at Truist Secs; PT USD 46

INITIATIONS:

• Aardvark Therapeutics (AARD) Initiated at New Overweight at Cantor; PT USD 50


• Aardvark Therapeutics (AARD) Initiated at New Outperform at RBC; PT USD 21


• Aardvark Therapeutics (AARD) Initiated at New Overweight at Morgan Stanley


• ArriVent Biopharma (AVBP) Initiated at New Buy at Guggenheim; PT USD 45


• ChoiceOne Financial Services (COFS) Initiated at New Outperform at Hovde Group


• Karman Holdings (KRMN) Initiated at New Outperform at Evercore ISI; PT USD 38


• Karman Holdings (KRMN) Initiated at New Buy at Citi; PT USD 42


• Karman Holdings (KRMN) Initiated at New Outperform at William Blair


• Karman Holdings (KRMN) Initiated at New Outperform at Baird; PT USD 40


• Karman Holdings (KRMN) Initiated at New Outperform at RBC; PT USD 35


• Knife River Corp (KNF) Initiated at New Overweight at Wells Fargo; PT USD 102


• Nvidia (NVDA) Initiated at New Buy at Founder Securities


• SailPoint (SAIL) Initiated at New Buy at BTIG; PT USD 27


• SailPoint (SAIL) Initiated at New Buy at Truist Secs; PT USD 29


• SailPoint (SAIL) Reinstated Neutral at Goldman; PT USD 23


• SailPoint (SAIL) Initiated at New Outperform at Evercore ISI; PT USD 29


• SailPoint (SAIL) Initiated at New Buy at TD Cowen; PT USD 30


• SailPoint (SAIL) Initiated at New Neutral at Mizuho Securities; PT USD 25


• SailPoint (SAIL) Initiated at New Overweight at Piper Sandler; PT USD 30


• SailPoint (SAIL) Initiated at New Equal-Weight at Morgan Stanley; PT USD 26


• SailPoint (SAIL) Initiated at New Neutral at JPMorgan; PT USD 25


• SailPoint (SAIL) Reinitiated at Outperform at RBC; PT USD 27


• SailPoint (SAIL) Initiated at New Buy at Jefferies; PT USD 26


• SailPoint (SAIL) Initiated at New Outperform at BMO; PT USD 26


• Sandisk (SNDK) Initiated at New Outperform at Mizuho Securities; PT USD 60


• Super Micro Computer (SMCI) US Re-Initiated Buy at Rosenblatt Securities Inc; PT USD 60

10 Mar 2025 - 11:30- EquitiesResearch Sheet- Source: Newsquawk