BROKER MOVES: DLTR upgraded at JPM; CHWY downgraded at Jefferies

UPGRADES:

• Broadcom (AVGO) Upgraded to Buy at Erste Group


• Dollar Tree (DLTR) Upgraded to Overweight at JPMorgan; PT USD 111


• Intuitive Surgical (ISRG) Upgraded to Buy at Erste Group


• OGE Energy (OGE) Upgraded to Overweight at Barclays; PT USD 47


• Southern Co (SO) Upgraded to Buy at Jefferies; PT USD 100


• Texas Instruments (TXN) Upgraded to Market Perform at Bernstein; PT USD 180


• Udemy (UDMY) Upgraded to Equal-Weight at Morgan Stanley; PT USD 9


• Visa (V) Upgraded to Outperform at Mizuho Securities; PT USD 425

DOWNGRADES:

• Chewy (CHWY) Downgraded to Hold at Jefferies; PT USD 43


• Coursera (COUR) Downgraded to Equal-Weight at Morgan Stanley; PT USD 11


• Eli Lilly (LLY) Downgraded to Hold at Erste Group


• Ferguson (FERG) Downgraded to Hold at Berenberg


• Lavoro (LVRO) Downgraded to Underperform at Oppenheimer


• MercadoLibre (MELI) Downgraded to Hold at Jefferies; PT USD 2,800


• Microsoft (MSFT) Downgraded to Hold at Punto Casa de Bolsa; PT USD 444.65


• Nvidia (NVDA) Downgraded to Hold at Punto Casa de Bolsa; PT USD 138


• Salesforce Inc (CRM) Downgraded to Hold at Erste Group

INITIATIONS:

• CoreWeave (CRWV) Initiated at New Neutral at Arete; PT USD 130


• Excelerate Energy (EE) Initiated at New Buy at Jefferies; PT USD 39


• Forte Biosciences Inc (FBRX) Initiated at New Buy at Lucid Capital Markets


• Funko (FNKO) Initiated at New Buy at Texas Capital; PT USD 8


• Hesai Group (HSAI) ADRs Initiated at New Buy at President Capital Management


• Marvell Technology (MRVL) Initiated at New Buy at China Renaissance


• Monopar (MNPR) Initiated at New Buy at Lucid Capital Markets; PT USD 71


• Nebius Group (NBIS) Initiated at New Buy at Arete; PT USD 84


• Parker-Hannifin (PH) Initiated at New Equal-Weight at Morgan Stanley


• PDD (PDD) ADRs Reinitiated at Neutral at Haitong Intl; PT USD 105.71


• PolyPid (PYPD) Initiated at New Buy at Roth Capital Partners; PT USD 9


• Waystar (WAY) Initiated at New Buy at TD Cowen; PT USD 51

05 Jun 2025 - 12:05- EquitiesResearch Sheet- Source: Newsquawk