BROKER MOVES: RL upgraded at Goldman Sachs; PEP downgraded at Barclays

UPGRADES

• Block (XYZ) Upgraded to Outperform at KBW; PT USD 80


• CNX Resources (CNX) Upgraded to Overweight at Stephens; PT USD 48


• Duolingo (DUOL) Upgraded to Market Outperform at Citizens; PT USD 400


• EQT Corp (EQT) Upgraded to Overweight at Stephens; PT USD 59


• Expand Energy (EXE) Upgraded to Overweight at Stephens; PT USD 123


• GDS Holdings (GDS) ADRs Upgraded to Buy at Jefferies; PT USD 45


• Lucid (LCID) Upgraded to Equal-Weight at Morgan Stanley; PT USD 3


• Paccar (PCAR) Upgraded to Buy at Melius; PT USD 120


• Ralph Lauren (RL) Upgraded to Buy at Goldman; PT USD 286


• Sana Biotech (SANA) Upgraded to Market Outperform at Citizens; PT USD 5


• Sibanye Stillwater (SSW SJ) ADRs Upgraded to Outperform at RBC; PT USD 5.30


• Willis Towers (WTW) Upgraded to Buy at UBS; PT USD 395

DOWNGRADES

• Incyte (INCY) Downgraded to Neutral at Guggenheim


• Incyte (INCY) Downgraded to Market Perform at William Blair


• Paccar (PCAR) Downgraded to Neutral at UBS; PT USD 108


• PepsiCo (PEP) Downgraded to Equal-Weight at Barclays


• TPI Composites (TPIC) Downgraded to Underperform at Jefferies; PT 50 cents

INITIATIONS

• Alpha Cognition (ACOG) Initiated at New Buy at HC Wainwright; PT USD 20


• Bio-Techne (TECH) Initiated at New Outperform at Evercore ISI; PT USD 75


• Bloom Energy (BE) Initiated at New Neutral at Mizuho Securities; PT USD 28


• Blueprint Medicines (BPMC) Initiated at New Outperform at Wolfe; PT USD 132


• BWX Technologies (BWXT) Initiated at New Buy at President Capital Management


• Canaan (CAN) ADRs Initiated at New Buy at Compass Point; PT USD 2.50


• Coinbase (COIN) Initiated at New Outperform at Bernstein; PT USD 310


• Genius Sports (GENI) Initiated at New Buy at Guggenheim; PT USD 12


• Genius Sports (GENI) Reinstated Buy at B Riley; PT USD 12


• Global Business Travel Group (GBTG) Initiated at New Buy at BTIG; PT USD 10


• Hesai Group (HSAI) ADRs Initiated at New Buy at China Merchants; PT USD 25


• LENZ Therapeutics Inc (LENZ) Initiated at New Buy at TD Cowen; PT USD 60


• MoonLake Immunotherapeutics (MLTX) Initiated at New Outperform at RBC; PT USD 67


• Ocular Therapeutix (OCUL) Initiated at New Outperform at RBC; PT USD 17


• Palvella Therapeutics In (PVLA) Initiated at New Buy at Lucid Capital Markets


• Priority Technology Hold (PRTHU) Initiated at New Buy at TD Cowen; PT USD 10


• Repligen (RGEN) Initiated at New Inline at Evercore ISI; PT USD 155


• Spyre Therapeutics Inc (SYRE) Initiated at New Outperform at Wolfe; PT USD 27


• West Pharma (WST) Initiated at New Outperform at Evercore ISI; PT USD 275


• XP Inc. (XP) Initiated at New Outperform at Itau BBA; PT USD 20

18 Mar 2025 - 11:30- ForexGeopolitical- Source: Newswires