BROKER MOVES: PYPL upgraded at Daiwa; FIVN downgraded at Baird on reduced visibility and ongoing competitive threats

UPGRADES

• Blend Labs (BLND) Upgraded to Outperform at William Blair


• Burlington Stores (BURL) Upgraded to Buy at TD Cowen; PT USD 279


• Confluent (CFLT) Upgraded to Overweight at JPMorgan; PT USD 25


• Dutch Bros (BROS) Upgraded to Buy at Guggenheim; PT USD 36


• Epam Systems (EPAM) Upgraded to Market Perform at Itau BBA; PT USD 215


• Evolent (EVH) Upgraded to Buy at Truist Secs; PT USD 33


• Expensify (EXFY) Upgraded to Market Outperform at JMP; PT USD 2.50


• General Dynamics (GD) Upgraded to Overweight at Morgan Stanley; PT USD 345


• GoodRx Holdings (GDRX) Upgraded to Strong Buy at Raymond James


• Heritage Insurance (HRTG) Upgraded to Overweight at Piper Sandler; PT USD 13


• Ingredion (INGR) Upgraded to Overweight at Barclays; PT USD 145


• Lithia & Driveway (LAD) Upgraded to Buy at Guggenheim; PT USD 338


• Nevro (NVRO) Upgraded to Neutral at Citi


• Paramount Global (PARA) Upgraded to Equal-Weight at Wells Fargo; PT USD 11


• PayPal (PYPL) Upgraded to Outperform at Daiwa; PT USD 72


• Redwire (RDW) Upgraded to Buy at B Riley; PT USD 8


• Soundhound (SOUN) Upgraded to Overweight at Cantor; PT USD 7


• Third Harmonic Bio (THRD) Upgraded to Overweight at Morgan Stanley


• Truist Financial (TFC) Upgraded to Peerperform at Wolfe


• Turtle Beach (HEAR) Upgraded to Outperform at Oppenheimer; PT USD 17


• Vital Farms (VITL) Upgraded to Buy at TD Cowen; PT USD 44


• XPEL (XPEL) Upgraded to Buy at Craig-Hallum; PT USD 52

DOWNGRADES

• AN2 Therapeutics (ANTX) Downgraded to Market Perform at Leerink; PT USD 1


• Blue Owl Capital Corp (OBDC) Downgraded to Market Perform at Raymond James


• Brilliant Earth Group (BRLT) Downgraded to Market Perform at William Blair


• Bumble (BMBL) Downgraded to Neutral at Susquehanna; PT USD 6


• Bumble (BMBL) Downgraded to Hold at HSBC; PT USD 6.10


• Cars.com (CARS) Downgraded to Neutral at JPMorgan; PT USD 19


• Customers Bancorp (CUBI) Downgraded to Market Perform at Hovde Group; PT USD 49


• Eventbrite (EB) Downgraded to Neutral at Piper Sandler; PT USD 4


• Eventbrite (EB) Downgraded to Sector Weight at KeyBanc


• Eventbrite (EB) Downgraded to Hold at Truist Secs


• Exscientia (EXAI) ADRs Downgraded to Hold at TD Cowen


• Five9 (FIVN) Downgraded to Neutral at Baird; PT USD 40


• Hilton Grand Vacations (HGV) Downgraded to Hold at Jefferies; PT USD 35


• Intellicheck (IDN) Downgraded to Neutral at DA Davidson; PT USD 2


• Karat Packaging (KRT) Downgraded to Hold at Truist Secs; PT USD 28


• L3Harris (LHX) Downgraded to Equal-Weight at Morgan Stanley; PT USD 257


• Mueller Water (MWA) Downgraded to Hold at TD Cowen; PT USD 20


• Nerdy (NRDY) Downgraded to Market Perform at Raymond James


• Nerdy (NRDY) Downgraded to Neutral at JPMorgan


• PubMatic (PUBM) Downgraded to Market Perform at Raymond James


• Sealed Air (SEE) Downgraded to Hold at Jefferies; PT USD 35


• SmartRent (SMRT) Downgraded to Neutral at Colliers; PT USD 4


• Stem Inc (STEM) Downgraded to Neutral at Susquehanna; PT 50 cents


• TriplePoint Venture Growth BDC (TPVG) US Downgraded to Neutral at Ladenburg Thalmann


• Vertex Energy (VTNR) Downgraded to Hold at Craig-Hallum; PT USD 1

INITIATIONS

• Chesapeake Energy (CHK) Initiated at New Buy at Baptista Research; PT USD 106.90


• Cintas (CTAS) Initiated at New Neutral at Redburn; PT USD 670


• CNH Industrial (CNH) Initiated at New Market Perform at BMO; PT USD 11


• GigaCloud Technology (GCT) Initiated at New Buy at TF Securities; PT USD 56


• H&E Equipment (HEES) Initiated at New Sector Weight at KeyBanc


• Vericel (VCEL) Initiated at New Buy at Canaccord; PT USD 57


• Wave Life Sciences (WVE) Initiated at New Buy at JonesTrading; PT USD 12

09 Aug 2024 - 12:13- Forex- Source: Newswires