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