BROKER MOVES: MS upgraded at Erste Group, MCD downgraded; WM upgraded at JPM

UPGRADES

• Charles River (CRL) Upgraded to Buy at Redburn; PT USD 182


• Fulcrum Therapeutics (FULC) Upgraded to Outperform at Leerink; PT USD 12


• Macerich (MAC) Upgraded to Neutral at Piper Sandler


• Morgan Stanley (MS) Upgraded to Buy at Erste Group


• Newmark (NMRK) Upgraded to Outperform at Wolfe; PT USD 14


• SolarEdge (SEDG) Upgraded to Market Perform at Northland


• Sonoco (SON) Upgraded to Overweight at Wells Fargo; PT USD 55


• Wix.com (WIX) Upgraded to Outperform at Baird; PT USD 190


• WM (WM) Upgraded to Overweight at JPMorgan; PT USD 277

DOWNGRADES

• Cloudflare (NET) Downgraded to Hold at CFRA


• CME Group (CME) Downgraded to Hold at Erste Group


• Deckers Outdoor (DECK) Downgraded to Market Perform at Telsey; PT USD 120


• Deckers Outdoor (DECK) Downgraded to Sector Weight at KeyBanc


• Deckers Outdoor (DECK) Downgraded to Inline at Evercore ISI; PT USD 110


• Five Below (FIVE) Downgraded to Hold at CFRA; PT USD 108


• McDonald's (MCD) Downgraded to Hold at Erste Group


• Radian (RDN) Downgraded to Neutral at Compass Point; PT USD 37


• Reinsurance Group (RGA) Downgraded to Market Perform at Raymond James


• Snowflake (SNOW) Downgraded to Buy at CFRA


• Vertex Pharmaceuticals (VRTX) Downgraded to Hold at Erste Group


• Vigil Neuroscience (VIGL) Downgraded to Neutral at Mizuho Securities; PT USD 8

INITIATIONS

• American Public (APEI) Initiated at New Buy at Texas Capital; PT USD 35


• Analog Devices (ADI) Initiated at New Buy at KGI Securities; PT USD 220


• Edesa Biotech Inc (EDSA) Initiated at New Buy at Lucid Capital Markets; PT USD 9


• Lincoln Educational (LINC) Initiated at New Buy at Texas Capital; PT USD 26


• Lindblad Expeditions (LIND) Initiated at New Buy at Texas Capital; PT USD 16


• ON Semi (ON) Initiated at New Neutral at KGI Securities; PT USD 45


• Performance Food (PFGC) Initiated at New Buy at Citi; PT USD 121


• Snowflake (SNOW) Reinstated Buy at William O'Neil


• Sysco (SYY) Initiated at New Neutral at Citi; PT USD 78


• Trip.com (TCOM) ADRs Initiated at New Buy at SPDB Intl HK; PT USD 78


• Universal Technical Institute (UTI) Initiated at New Buy at Texas Capital


• US Foods Holding (USFD) Initiated at New Buy at Citi; PT USD 95

23 May 2025 - 12:11- Equities- Source: Newswires