BROKER MOVES: JEF upgraded at Oppenheimer; ZION upgraded at Baird; ASTS downgraded at Barclays

UPGRADES

• Appfolio (APPF) Upgraded to Overweight at KeyBanc; PT USD 285


• Bentley Systems (BSY) Upgraded to Buy at Rosenblatt Securities Inc


• BXP (BXP) Upgraded to Overweight at JPMorgan; PT USD 83


• Commercial Metals (CMC) Upgraded to Buy at Citi; PT USD 65


• Deere (DE) Upgraded to Buy at UBS; PT USD 535


• Freeport (FCX) Upgraded to Buy at HSBC; PT USD 50


• International Paper (IP) Upgraded to Buy at Stifel; PT USD 57.80


• Intuitive Machines (LUNR) Upgraded to Buy at Deutsche Bank; PT USD 18


• Invitation Homes (INVH) Upgraded to Overweight at JPMorgan; PT USD 38


• Jefferies (JEF) Upgraded to Outperform at Oppenheimer; PT USD 81


• Marsh McLennan (MMC) Upgraded to Market Perform at KBW; PT USD 191


• Moody's (MCO) Upgraded to Market Perform at Raymond James


• Pinnacle Financial (PNFP) Upgraded to Outperform at Hovde Group; PT USD 106


• Zions (ZION) Upgraded to Outperform at Baird; PT USD 65

DOWNGRADES

• AST SpaceMobile (ASTS) Downgraded to Underweight at Barclays; PT USD 60


• Bank OZK (OZK) Downgraded to Market Perform at Raymond James


• Booz Allen (BAH) Downgraded to Hold at TD Cowen; PT USD 105


• Graphic Packaging (GPK) Downgraded to Market Perform at Raymond James


• Jumia (JMIA) ADRs Downgraded to Sell at Aletheia Capital; PT USD 7.50


• Kezar Life Sciences (KZR) Downgraded to Market Perform at William Blair


• Kezar Life Sciences (KZR)Downgraded to Hold at Jefferies; PT USD 7


• Kilroy (KRC) Downgraded to Neutral at JPMorgan; PT USD 44


• Reinsurance Group (RGA) Downgraded to Underperform at Raymond James


• Smartstop Self Storage REIT (SMA) Downgraded to Neutral at JPMorgan; PT USD 39


• Sonoco (SON) Downgraded to Market Perform at Raymond James


• Southern Co (SO) Downgraded to Neutral at Ladenburg Thalmann; PT USD 102.50


• UDR (UDR) Downgraded to Neutral at JPMorgan; PT USD 46

INITIATIONS

• Ascendis Pharma (ASND) ADRs Initiated at New Strong Buy at Raymond James


• BP (BP) ADRs Initiated at New Equal-Weight at Wells Fargo; PT USD 37


• Chevron (CVX) Initiated at New Overweight at Wells Fargo; PT USD 190


• Conoco (COP) Initiated at New Equal-Weight at Wells Fargo; PT USD 100


• Cracker Barrel (CBRL) Initiated at New Equal-Weight at Wells Fargo; PT USD 42


• Credo Technology (CRDO) Initiated at New Overweight at JPMorgan; PT USD 165


• Delek US Holdings (DK) Initiated at New Overweight at Wells Fargo; PT USD 43


• Didi Global (DIDIY) ADRs Initiated at New Buy at Citi; PT USD 8.30


• Exxon (XOM) Initiated at New Overweight at Wells Fargo; PT USD 156


• HF Sinclair (DINO) Initiated at New Equal-Weight at Wells Fargo; PT USD 58


• iBio (IBIO) Initiated at New Outperform at Leerink; PT USD 2


• InvenTrust Properties (IVT) Initiated at New Neutral at JPMorgan; PT USD 30


• Kontoor Brands (KTB) Initiated at New Outperform at Baird; PT USD 105


• Marathon Petroleum (MPC) Reinstated Overweight at Wells Fargo; PT USD 214


• McKesson (MCK) Initiated at New Buy at William O'Neil


• Occidental (OXY) Initiated at New Underweight at Wells Fargo; PT USD 42


• Option Care Health (OPCH) Initiated at New Overweight at Morgan Stanley


• Phillips 66 (PSX) Initiated at New Overweight at Wells Fargo; PT USD 154


• Primo Brands (PRMB) Initiated at New Hold at Jefferies; PT USD 23


• Robinhood (HOOD) Initiated at New Outperform at Haitong Intl; PT USD 154


• Shell (SHEL) ADRs Initiated at New Equal-Weight at Wells Fargo; PT USD 76


• TransDigm (TDG) Initiated at New Buy at President Capital Management


• Valero Energy (VLO) Initiated at New Overweight at Wells Fargo; PT USD 216


• Veracyte (VCYT) Initiated at New Buy at Freedom Capital; PT USD 45


• VSE (VSEC) Initiated at New Buy at Deutsche Bank; PT USD 195

17 Oct 2025 - 12:39- - Source: Newswires