BROKER MOVES: JPM upgraded at Baird on warranted "premium" valuation; AL downgraded at BofA

UPGRADES

• American Public (APEI) Upgraded to Outperform at William Blair


• Applied Opto (AAOI) Upgraded to Neutral at B Riley; PT USD 13


• Array (ARRY) Upgraded to Buy at Guggenheim; PT USD 10


• Bank of America (BAC) Upgraded to Outperform at Baird; PT USD 50


• Dayforce (DAY) Upgraded to Buy at TD Cowen; PT USD 68


• Huntington Bancshares (HBAN) Upgraded to Outperform at Baird; PT USD 18


• JPMorgan (JPM) Upgraded to Outperform at Baird; PT USD 220


• Sea Ltd (SE) ADRs Upgraded to Neutral at Phillip Secs; PT USD 140


• Steel Dynamics (STLD) Upgraded to Overweight at Morgan Stanley; PT USD 158


• Trade Desk (TTD) Upgraded to Hold at Benchmark


• Viavi (VIAV) Upgraded to Buy at Rosenblatt Securities Inc; PT USD 14


• Wayfair (W) Upgraded to Buy at Jefferies; PT USD 47


• Zscaler (ZS) Upgraded to Buy at BofA; PT USD 240

DOWNGRADES

• Air Lease (AL) Downgraded to Underperform at BofA


• Macy's (M) Downgraded to Neutral at JPMorgan; PT USD 14


• Macy's (M) Downgraded to Hold at Gordon Haskett; PT USD 13


• Neumora Therapeutics (NMRA) Downgraded to Hold at Stifel; PT USD 2


• Traeger (COOK) Downgraded to Market Perform at Telsey; PT USD 2.50

INITIATIONS

• American Axle (AXL) Initiated at New Hold at TD Cowen; PT USD 5


• Ardelyx (ARDX) Reinstated Buy at Ladenburg Thalmann; PT USD 11


• Autoliv (ALV) Initiated at New Buy at TD Cowen; PT USD 116


• C.H. Robinson (CHRW) Reinstated Buy at Deutsche Bank; PT USD 129


• Cipher Mining (CIFR) Initiated at New Buy at Rosenblatt Securities Inc


• Coinbase (COIN) Initiated at New Buy at Rosenblatt Securities Inc; PT USD 305


• CorMedix (CRMD) Initiated at New Outperform at Leerink; PT USD 18


• CSX (CSX) Reinstated Hold at Deutsche Bank; PT USD 34


• FedEx (FDX) Reinstated Buy at Deutsche Bank; PT USD 337


• Ford (F) Initiated at New Hold at TD Cowen; PT USD 10


• General Motors (GM) Initiated at New Buy at TD Cowen; PT USD 105


• GH Research (GHRS) Initiated at New Outperform at RBC; PT USD 31


• Goodyear (GT) Initiated at New Buy at TD Cowen; PT USD 14


• GXO Logistics (GXO) Reinstated Hold at Deutsche Bank; PT USD 45


• Hims & Hers Health (HIMS) Initiated at New Buy at First Shanghai; PT USD 66


• Hub Group (HUBG) Initiated at New Hold at Deutsche Bank; PT USD 41


• JB Hunt (JBHT) Reinstated Hold at Deutsche Bank; PT USD 167


• JD.com (JD) ADRs Initiated at New Buy at William O'Neil


• Lucid (LCID) Initiated at New Hold at TD Cowen; PT USD 2.30


• MARA Holdings (MARA) Initiated at New Buy at Rosenblatt Securities Inc; PT USD 19


• Nexxen International Ltd (NEXN) Reinstated Buy at Needham; PT USD 12


• Norfolk Southern (NSC) Reinstated Buy at Deutsche Bank; PT USD 293


• Old Dominion (ODFL) Initiated at New Buy at Deutsche Bank; PT USD 236


• Rivian (RIVN) Initiated at New Hold at TD Cowen; PT USD 12.70


• RXO (RXO) Initiated at New Hold at Deutsche Bank; PT USD 19


• Saia (SAIA) Reinstated Buy at Deutsche Bank; PT USD 570


• Sandisk (SNDK) Initiated at New Overweight at Cantor; PT USD 60


• Sea Ltd (SE) ADRs Initiated at New Buy at Sealand Securities


• Sprott (SII CN) Initiated at New Outperform at BMO; PT CUSD 75


• Stellantis (STLA) Initiated at New Hold at TD Cowen; PT USD 13


• Surf Air Mobility (SRFM) Initiated at New Buy at HC Wainwright; PT USD 12


• Under Armour (UAA) Initiated at New Neutral at KGI Securities; PT USD 7.40


• Union Pacific (UNP) Initiated at New Buy at Deutsche Bank; PT USD 295


• Up Fintech Holding (TIGR) ADRs Initiated at New Overweight at Guotai Junan Sec


• UPS (UPS) Reinstated Hold at Deutsche Bank; PT USD 119


• Vertiv Holdings (VRT) Initiated at New Outperform at RBC; PT USD 121


• Werner Enterprises (WERN) Reinstated Hold at Deutsche Bank; PT USD 33


• XPO Inc (XPO) Reinstated Buy at Deutsche Bank; PT USD 156

07 Mar 2025 - 12:24- - Source: Newswires