BROKER MOVES: DIS upgraded at Wolfe; AMZN downgraded at Raymond James on earnings pressures

UPGRADES

• Banner (BANR) Upgraded to Buy at Janney Montgomery; PT USD 71


• BBB Foods (TBBB) Upgraded to Outperform at Itau BBA; PT USD 36


• Centerspace (CSR) Upgraded to Outperform at Raymond James; PT USD 66


• Disney (DIS) Upgraded to Outperform at Wolfe; PT USD 112


• Ecolab (ECL) Upgraded to Buy at Seaport Global Securities; PT USD 290


• Expand Energy (EXE) Upgraded to Overweight at KeyBanc; PT USD 130


• Fidelity National (FIS) Upgraded to Buy at TD Cowen; PT USD 92


• FNB Corp (FNB) Upgraded to Outperform at KBW; PT USD 16.50


• Innospec (IOSP) Upgraded to Buy at Seaport Global Securities; PT USD 115


• Intellia Therapeutics (NTLA) Upgraded to Outperform at Wolfe; PT USD 21


• Netflix (NFLX) Upgraded to Neutral at Phillip Secs; PT USD 950


• Norwegian Cruise (NCLH) Upgraded to Buy at Loop Capital; PT USD 25


• Salesforce Inc (CRM) Upgraded to Neutral at Guggenheim


• Simmons First (SFNC) Upgraded to Neutral at Piper Sandler; PT USD 21


• Spotify (SPOT) Upgraded to Outperform at Wolfe; PT USD 660


• Wolverine World Wide (WWW) Upgraded to Outperform at Baird; PT USD 15

DOWNGRADES

• Amazon (AMZN) Downgraded to Outperform at Raymond James


• Axcelis Technologies (ACLS) Downgraded to Neutral at B Riley; PT USD 50


• D.R. Horton (DHI) Downgraded to Sell at CFRA; PT USD 109


• Dollar General (DG) Downgraded to Sell at CFRA; PT USD 75


• Global Payments (GPN) Downgraded to Hold at TD Cowen; PT USD 78


• Global Payments (GPN) Downgraded to Hold at Jefferies; PT USD 75


• Murphy Oil (MUR) Downgraded to Sector Weight at KeyBanc


• Prologis (PLD) Downgraded to Peerperform at Wolfe


• Salesforce Inc (CRM) Downgraded to Underperform at DA Davidson; PT USD 200


• Warner Music (WMG) Downgraded to Equal-Weight at Morgan Stanley; PT USD 32

INITIATIONS

• Abercrombie & Fitch (ANF) Initiated at New Equal-Weight at Barclays; PT USD 71


• Context Therapeutics (CNTX) Initiated at New Outperform at William Blair


• Dycom Industries (DY) Initiated at New Overweight at JPMorgan; PT USD 200


• Genius Sports (GENI) Initiated at New Buy at Deutsche Bank; PT USD 12


• Grail (GRAL) Initiated at New Buy at Canaccord; PT USD 32


• Kanzhun (BZ) ADRs Initiated at New Buy at CMB International; PT USD 19.50


• Modiv Industrial (MDV) Initiated at New Buy at Lucid Capital Markets


• Staar Surgical (STAA) Initiated at New Equal-Weight at Wells Fargo; PT USD 17


• Strategy (MSTR) Initiated at New Buy at CTBC Securities; PT USD 420.20


• Tectonic Therapeutic (TECX) Initiated at New Outperform at Mizuho Securities


• Tempus AI (TEM) Initiated at New Buy at BTIG; PT USD 60


• Unicycive Therapeutics (UNCY) Initiated at New Buy at Guggenheim; PT USD 6


• Xencor (XNCR) Initiated at New Outperform at William Blair


• Zillow (ZG) Initiated at New Market Perform at William Blair

21 Apr 2025 - 13:00- Equities- Source: Newsquawk