BROKER MOVES: NCLH upgraded at JPM, with LI downgraded at Macquarie

UPGRADES:

• Accenture (ACN) Upgraded to Outperform at Baird; PT USD 390


• American Tower (AMT) Upgraded to Overweight at Wells Fargo; PT USD 230


• Blue Owl Capital Corp (OBDC) Upgraded to Equal-Weight at Wells Fargo


• Crown Castle (CCI) Upgraded to Equal-Weight at Wells Fargo; PT USD 105


• DouYu (DOYU) ADRs Upgraded to Hold at HSBC; PT USD 9


• Flowserve (FLS) Upgraded to Outperform at Baird; PT USD 71


• Generac (GNRC) Upgraded to Neutral at Guggenheim


• Genesis Energy (GEL) Upgraded to Overweight at Wells Fargo; PT USD 18


• Liberty Formula One (FWONA) Upgraded to Buy at Seaport Global Securities


• Monday.com (MNDY) Upgraded to Buy at DA Davidson; PT USD 350


• Netflix (NFLX) Upgraded to Buy at MoffettNathanson LLC; PT USD 1,100


• Norwegian Cruise (NCLH) Upgraded to Overweight at JPMorgan; PT USD 30


• SL Green (SLG) Upgraded to Outperform at Evercore ISI; PT USD 73


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

DOWNGRADES:

• Campbell's (CPB) Downgraded to Equal-Weight at Consumer Edge Research; PT USD 40


• Cion Investment (CION) Downgraded to Underweight at Wells Fargo; PT USD 10


• EastGroup (EGP) Downgraded to Inline at Evercore ISI; PT USD 185


• Finward (FNWD) Downgraded to Market Perform at Hovde Group


• FS KKR Capital (FSK) Downgraded to Underweight at Wells Fargo; PT USD 19


• Li Auto (LI) ADRs Downgraded to Neutral at Macquarie; PT USD 27


• RLX Tech (RLX) ADRs Downgraded to Neutral at Citi; PT USD 2.50


• Sutro Biopharma (STRO) Downgraded to Market Perform at Oppenheimer


• TriplePoint Venture Growth BDC (TPVG) Downgraded to Underweight at Wells Fargo

INITIATIONS:

• Actuate Therapeutics (ACTU) Initiated at New Buy at HC Wainwright; PT USD 20


• Alexandria Real Estate (ARE) Initiated at New Hold at Jefferies; PT USD 100


• Array (ARRY) Initiated at New Sector Perform at RBC; PT USD 7


• Blueprint Medicines (BPMC) Initiated at New Buy at Jefferies; PT USD 135


• Butterfly Network (BFLY) Initiated at New Outperform at William Blair


• BXP (BXP) Reinstated Buy at Jefferies; PT USD 78


• COPT Defense Properties (CDP) Reinstated Buy at Jefferies; PT USD 31


• Cousins Properties (CUZ) Reinstated Buy at Jefferies; PT USD 35


• Douglas Emmett (DEI) Reinstated Hold at Jefferies; PT USD 16


• Easterly Government (DEA) Reinstated Buy at Jefferies; PT USD 13


• Ezcorp (EZPW) Initiated at New Buy at Roth Capital Partners; PT USD 16


• Ferguson (FERG) Initiated at New Peer Perform at Wolfe


• Highwoods (HIW) Reinstated Buy at Jefferies; PT USD 32


• Hudson Pacific (HPP) Reinstated Hold at Jefferies; PT USD 2.70


• Kilroy (KRC) Reinstated Hold at Jefferies; PT USD 34


• Laureate Education (LAUR) Initiated at New Buy at Banco BTG Pactual; PT USD 26


• NEXTracker (NXT) Initiated at New Outperform at RBC; PT USD 55


• Nurix (NRIX) Reinstated Market Perform at Leerink; PT USD 16


• Nuvectis Pharma (NVCT) Initiated at New Buy at Laidlaw; PT USD 19


• Reddit (RDDT) Initiated at New Sell at Redburn; PT USD 75


• Shattuck Labs (STTK) Initiated at New Outperform at Leerink; PT USD 4


• SL Green (SLG) Reinstated Hold at Jefferies; PT USD 58


• Veritone (VERI) Initiated at New Buy at Ladenburg Thalmann; PT USD 6


• Waterdrop Inc. (WDH) ADRs Initiated at New Buy at UOB Kay Hian; PT USD 2.20

17 Mar 2025 - 11:20- EquitiesResearch Sheet- Source: Newsquawk