BROKER MOVES: EL upgraded at HSBC; GOOGL downgraded at BNPP Exane

UPGRADES

• Affiliated Managers (AMG) Upgraded to Buy at Goldman; PT USD 218


• Alphabet (GOOGL) Upgraded to Market Outperform at Citizens; PT USD 220


• Amazon (AMZN) Upgraded to Outperform at BNPP Exane; PT USD 254


• Autodesk (ADSK) Upgraded to Buy at Berenberg; PT USD 365


• Boeing (BA) Upgraded to Buy at Rothschild & Co Redburn; PT USD 275


• Estee Lauder (EL) Upgraded to Buy at HSBC; PT USD 99


• Franklin Resources (BEN) Upgraded to Buy at Goldman; PT USD 29


• New Oriental Education (EDU) ADRs Upgraded to Buy at Citi; PT USD 77


• Nike (NKE) Upgraded to Buy at HSBC; PT USD 80


• Trade Desk (TTD) Upgraded to Outperform at Evercore ISI


• WisdomTree (WT) Upgraded to Neutral at Goldman; PT USD 11.90

DOWNGRADES

• AllianceBernstein (AB) Downgraded to Neutral at Goldman; PT USD 40


• Alphabet (GOOGL) Downgraded to Neutral at BNPP Exane; PT USD 172


• Bank of America (BAC) Downgraded to Neutral at Baird; PT USD 52


• JPMorgan (JPM) Downgraded to Underperform at Baird; PT USD 235


• Tal Education (TAL) ADRs Downgraded to Neutral at Citi; PT USD 11.54


• Uber (UBER) Downgraded to Hold at Canaccord; PT USD 84


• Verve Therapeutics (VERV) Downgraded to Market Perform at BMO; PT USD 13.50


• W R Berkley Corp (WRB) Downgraded to Hold at TD Cowen; PT USD 78

INITIATIONS

• A10 Networks (ATEN) Initiated at New Buy at Deutsche Bank; PT USD 22


• Armada Hoffler (AHH) Initiated at New Buy at Jefferies; PT USD 8


• Arq Inc (ARQ) Initiated at New Buy at Fearnley; PT USD 9.50


• Costamare (CMRE) Initiated at New Hold at Fearnley; PT USD 9.80


• Emcor (EME) Initiated at New Outperform at Baird; PT USD 560


• Full Truck Alliance (YMM) ADRs Initiated at New Buy at EA Qianhai Securities


• Pinterest (PINS) Initiated at New Buy at President Capital Management; PT USD 41


• Republic Bancorp (RBCAA) Initiated at New Market Perform at Raymond James


• S&T Bancorp (STBA) Initiated at New Market Perform at Hovde Group; PT USD 41


• Stellantis (STLA) Initiated at New Neutral at Grupo Santander; PT USD 10.89

27 Jun 2025 - 12:09- Equities- Source: Newswires