BROKER MOVES: ABNB upgraded at Wells Fargo; ZS downgraded at Morgan Stanley

UPGRADES:

• Airbnb (ABNB) Upgraded to Overweight at Wells Fargo; PT USD 178
• Antero Midstream Corp (AM) Upgraded to Equal-Weight at Morgan Stanley
• Biogen (BIIB) Upgraded to Buy at UBS; PT USD 225
• BrightSpire Capital Inc (BRSP) Upgraded to Buy at BTIG; PT USD 7
• DT Midstream (DTM) Upgraded to Equal-Weight at Morgan Stanley; PT USD 165
• Halliburton (HAL) Upgraded to Buy at Griffin Securities; PT USD 47
• Keurig Dr Pepper (KDP) Upgraded to Neutral at BNP Paribas; PT USD 28
• Kforce (KFRC) Upgraded to Outperform at William Blair
• Li Auto (LI) ADRs Upgraded to Neutral at BNP Paribas
• Qorvo (QRVO) Upgraded to Overweight at Barclays; PT USD 100
• SBA Comms (SBAC) Upgraded to Buy at Truist Secs; PT USD 247
• Seagate (STX) Upgraded to Overweight at Barclays; PT USD 625
• Skyworks (SWKS) Upgraded to Overweight at Barclays; PT USD 70
• Twilio (TWLO) Upgraded to Buy at BofA; PT USD 190
• WaterBridge Infrastructure (WBI) US Upgraded to Overweight at Morgan Stanley; PT USD 34

DOWNGRADES:

• Abbott (ABT) Downgraded to Neutral at Daiwa; PT USD 92
• Albemarle (ALB) Downgraded to Neutral at Rothschild & Co Redburn; PT USD 188
• Calix (CALX) Downgraded to Market Perform at Northland; PT USD 52
• DHT Holdings (DHT) Downgraded to Inline at Evercore ISI; PT USD 19
• Driven Brands (DRVN) Downgraded to Market Perform at William Blair
• Frontline PLC (FRO) Downgraded to Inline at Evercore ISI; PT USD 38
• Gitlab (GTLB) Downgraded to Neutral at BofA
• Hertz (HTZ) Downgraded to Sell at Northcoast; PT USD 5
• Home Bancorp (HBCP) Downgraded to Neutral at Piper Sandler
• Nordic American Tankers (NAT) Downgraded to Underperform at Evercore ISI
• Penguin Solutions (PENG) Downgraded to Equal-Weight at Barclays; PT USD 27
• Prudential Financial (PRU) Downgraded to Hold at Jefferies; PT USD 98
• Prudential Financial (PRU) Downgraded to Underweight at Barclays; PT USD 91
• Qualcomm (QCOM) Downgraded to Underweight at Barclays; PT USD 130
• Synchrony Financial (SYF) Downgraded to Neutral at BTIG
• Xpeng (XPEV) ADRs Downgraded to Underperform at BNP Paribas
• Zscaler (ZS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 155

INITIATIONS:

• Affirm Holdings (AFRM) Reinitiated at Outperform at BMO; PT USD 75
• Block (XYZ) Reinitiated at Market Perform at BMO; PT USD 74
• Cava Group (CAVA) Initiated at New Buy at Roth Capital Partners; PT USD 106
• Chime Financial (CHYM) Initiated at New Outperform at BMO; PT USD 30
• First Tracks Biotherapeutics (TRAX) Initiated at New Overweight at Barclays
• Fiserv (FISV) Reinitiated at Market Perform at BMO; PT USD 65
• Global Payments (GPN) Reinitiated at Market Perform at BMO; PT USD 76
• Global-e Online (GLBE) Initiated at New Outperform at BMO; PT USD 42
• Klarna (KLAR) Initiated at New Market Perform at BMO; PT USD 16
• Mastercard (MA) Reinitiated at Outperform at BMO; PT USD 605
• Micron (MU) Reinitiated at Buy at William O'Neil
• PayPal (PYPL) Reinitiated at Market Perform at BMO; PT USD 52
• Portillo's (PTLO) Initiated at New Buy at Roth Capital Partners; PT USD 9
• SharonAI (SHAZ) Initiated at New Buy at Compass Point; PT USD 50
• Shift4 Payments (FOUR) Initiated at New Market Perform at BMO; PT USD 50
• Steel Dynamics (STLD) Reinitiated at Buy at William O'Neil
• Toast (TOST) Initiated at New Outperform at BMO; PT USD 35
• Twilio (TWLO) Reinitiated at Buy at William O'Neil
• Viking Holdings (VIK) Initiated at New Positive at Susquehanna; PT USD 100
• Visa (V) Reinitiated at Outperform at BMO; PT USD 365
• Whirlpool (WHR) Initiated at New Neutral at Citi; PT USD 60
• WisdomTree (WT) Initiated at New Outperform at Raymond James; PT USD 20