BROKER MOVES: MP upgraded at Jefferies; CAR downgraded at Goldman

UPGRADES

• Appfolio (APPF) Upgraded to Overweight at Piper Sandler; PT USD 350


• Citizens Financial (CFG) Upgraded to Overweight at JPMorgan; PT USD 52


• Cognex (CGNX) Upgraded to Overweight at KeyBanc; PT USD 50


• DoubleVerify (DV) Upgraded to Overweight at JPMorgan; PT USD 19


• Fortune Brands (FBIN) Upgraded to Outperform at RBC; PT USD 65


• Independence Realty (IRT) Upgraded to Buy at Compass Point; PT USD 24


• Itron (ITRI) Upgraded to Overweight at JPMorgan; PT USD 145


• Mondelez (MDLZ) Upgraded to Buy at DBS Bank; PT USD 77


• MP Materials (MP) Upgraded to Buy at Jefferies; PT USD 80


• NIO Inc. (NIO) ADRs Upgraded to Outperform at Macquarie; PT USD 5.50


• Sprouts Farmers (SFM) Upgraded to Buy at Jefferies; PT USD 190


• Thor Industries (THO) Upgraded to Sector Weight at KeyBanc


• Upland Software (UPLD) Upgraded to Buy at Craig-Hallum; PT USD 3.50


• XPO Inc. (XPO) Upgraded to Buy at Citi; PT USD 140

DOWNGRADES

• Albany International (AIN) Downgraded to Hold at Truist Secs; PT USD 55


• Amazon (AMZN) Downgraded to Hold at Punto Casa de Bolsa; PT USD 223.81


• Amazon (AMZN) Downgraded to Hold at Mirae Asset Securities; PT USD 252


• Avis Budget (CAR) Downgraded to Sell at Goldman; PT USD 105


• Baxter (BAX) Downgraded to Neutral at Goldman; PT USD 25


• Bloom Energy (BE) Downgraded to Hold at Mirae Asset Securities; PT USD 37.60


• Builders FirstSource (BLDR) Downgraded to Neutral at Baird; PT USD 130


• Builders FirstSource (BLDR) Downgraded to Sector Perform at RBC; PT USD 129


• Chubb (CB) Downgraded to Hold at HSBC; PT USD 300


• Couchbase (BASE) Downgraded to Market Perform at Oppenheimer


• CyberArk (CYBR) Downgraded to Neutral at Baird; PT USD 460


• CyberArk (CYBR) Downgraded to Market Perform at Oppenheimer


• CyberArk (CYBR) Downgraded to Peerperform at Wolfe


• CyberArk (CYBR) Downgraded to Hold at Truist Secs; PT USD 425


• CyberArk (CYBR) Downgraded to Sector Weight at KeyBanc


• JD.com (JD) ADRs Downgraded to Sell at Arete; PT USD 30


• Murphy USA (MUSA) Downgraded to Hold at Jefferies; PT USD 350


• NetEase (NTES) ADRs Downgraded to Sell at Arete; PT USD 114


• Procore Technologies (PCOR) Downgraded to Market Perform at Citizens


• Trane Technologies (TT) Downgraded to Neutral at Northcoast


• Zynex (ZYXI) Downgraded to Neutral at HC Wainwright

INITIATIONS

• Affirm Holdings (AFRM) Initiated at New Neutral at Rothschild & Co Redburn


• Capital One (COF) Initiated at New Buy at Rothschild & Co Redburn; PT USD 290


• Incyte (INCY) Reinstated Overweight at Barclays; PT USD 90


• SoFi Technologies (SOFI) Initiated at New Neutral at Rothschild & Co Redburn


• Synchrony Financial (SYF) Initiated at New Neutral at Rothschild & Co Redburn


• Turning Point Brands (TPB) Initiated at New Hold at Needham


• USA Rare Earth (IPXXU) Initiated at New Overweight at Cantor; PT USD 16

01 Aug 2025 - 12:08- Forex- Source: Newswires