BROKER MOVES: AFRM resumed with 'Buy' coverage at Deutsche Bank, PYPL downgraded; SBUX downgraded at Jefferies

UPGRADES

• Affirm Holdings (AFRM) Upgraded to Buy at Deutsche Bank; PT USD 78


• Amicus (FOLD) Upgraded to Overweight at Morgan Stanley; PT USD 12


• Brixmor Property (BRX) Upgraded to Outperform at Mizuho Securities


• Cars.com (CARS) Upgraded to Overweight at JPMorgan; PT USD 14


• Citigroup (C) Upgraded to Buy at DBS Bank; PT USD 100


• Elanco Animal Health (ELAN) Upgraded to Outperform at Leerink; PT USD 18


• Monarch Casino (MCRI) Upgraded to Equal-Weight at Wells Fargo; PT USD 89


• Mondelez (MDLZ) Upgraded to Buy at Jefferies; PT USD 78


• Shift4 Payments (FOUR) Upgraded to Buy at Deutsche Bank; PT USD 120


• Steven Madden (SHOO) Upgraded to Buy at Citi; PT USD 32


• Toast (TOST) Upgraded to Buy at Deutsche Bank; PT USD 54


• United Natural (UNFI) Upgraded to Equal-Weight at Wells Fargo; PT USD 26


• Wells Fargo (WFC) Upgraded to Buy at DBS Bank; PT USD 88

DOWNGRADES

• Asbury Auto (ABG) Downgraded to Underweight at JPMorgan; PT USD 225


• Bill Holdings (BILL) Downgraded to Hold at Deutsche Bank; PT USD 49


• Crown Holdings (CCK) Downgraded to Neutral at Baird; PT USD 105


• Group 1 Automotive (GPI) Downgraded to Neutral at JPMorgan; PT USD 415


• Johnson Controls (JCI) Downgraded to Market Perform at Oppenheimer


• PayPal (PYPL) Downgraded to Hold at Deutsche Bank; PT USD 75


• Progressive (PGR) Downgraded to Inline at Evercore ISI


• Quanta Services (PWR) Downgraded to Market Perform at BMO; PT USD 400


• Shake Shack (SHAK) Downgraded to Underperform at Jefferies; PT USD 120


• Sonic Automotive (SAH) Downgraded to Underweight at JPMorgan; PT USD 72


• Starbucks (SBUX) Downgraded to Underperform at Jefferies; PT USD 76


• Teradyne (TER) Downgraded to Neutral at JPMorgan; PT USD 102


• Zoetis (ZTS) Downgraded to Market Perform at Leerink; PT USD 155

INITIATIONS

• Accenture (ACN) Initiated at New Outperform at Evercore ISI; PT USD 330


• CarMax (KMX) Initiated at New Speculative Buy at Benchmark; PT USD 75


• Cognizant (CTSH) Initiated at New Outperform at Evercore ISI; PT USD 100


• CoreWeave (CRWV) Initiated at New Reduce at HSBC; PT USD 32


• CrowdStrike (CRWD) Reinstated Neutral at Macquarie; PT USD 465


• Futu Holdings (FUTU) ADRs Initiated at New Overweight at Barclays; PT USD 176


• Newamsterdam Pharma (NAMS) Initiated at New Neutral at Goldman; PT USD 27


• Oracle (ORCL) Initiated at New Sector Outperform at Scotiabank


• Robinhood (HOOD) Initiated at New Outperform at GuoSen


• Safe Pro Group (SPAI) Initiated at New Buy at Litchfield Hills; PT USD 8


• SBA Comms (SBAC) Initiated at New Sector Perform at Scotiabank; PT USD 252


• Scholar Rock (SRRK) Initiated at New Overweight at Cantor


• Vertical Aerospace (EVTL) Initiated at New Buy at Needham; PT USD 9

17 Jul 2025 - 12:19- - Source: Newswires