BROKER MOVES: ULTA upgraded at Jefferies; NXPI downgraded at Wells
SourceNewsquawk
SectionUS Equities
UPGRADES:
- Air Products (APD) Upgraded to Buy at Berenberg; PT USD 350
- American Electric Power (AEP) US Upgraded to Buy at Seaport Global Securities; PT USD 145
- Arcos Dorados (ARCO) Upgraded to Outperform at Grupo Santander; PT USD 14
- Biogen (BIIB) Upgraded to Overweight at Wells Fargo; PT USD 250
- Celldex (CLDX) Upgraded to Overweight at Barclays; PT USD 45
- Ecolab (ECL) Upgraded to Buy at Deutsche Bank; PT USD 325
- JPMorgan (JPM) Upgraded to Accumulate at Phillip Secs; PT USD 335
- Lakeland Industries (LAKE) Upgraded to Buy at DA Davidson; PT USD 14
- Melco Resorts (MLCO) ADRs Upgraded to Outperform at CICC; PT USD 8.20
- Okta (OKTA) Upgraded to Overweight at Barclays
- Oscar Health (OSCR) Upgraded to Hold at Jefferies; PT USD 16
- Plexus (PLXS) Upgraded to Buy at Stifel; PT USD 250
- Texas Instruments (TXN) Upgraded to Hold at Aletheia Capital; PT USD 220
- Ulta Beauty (ULTA) Upgraded to Buy at Jefferies; PT USD 700
- WaterBridge Infrastructure (WBI) Upgraded to Buy at Goldman; PT USD 32
- Wells Fargo (WFC) Upgraded to Buy at Phillip Secs; PT USD 98
- Williams Cos (WMB) Upgraded to Buy at Goldman; PT USD 82
DOWNGRADES:
- Avis Budget (CAR) Downgraded to Underweight at Barclays; PT USD 150
- Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Equal-Weight at Wells Fargo
- Doximity (DOCS) Downgraded to Hold at Truist Secs; PT USD 29
- Edison International (EIX) Downgraded to Neutral at Seaport Global Securities
- Entergy (ETR) Downgraded to Neutral at Seaport Global Securities
- Eversource (ES) Downgraded to Neutral at Seaport Global Securities
- Exelon (EXC) Downgraded to Hold at Jefferies; PT USD 50
- Gitlab (GTLB) Downgraded to Sector Perform at RBC; PT USD 25
- Hess Midstream (HESM) Downgraded to Sell at Goldman; PT USD 32
- Intel (INTC) Downgraded to Neutral at KGI Securities; PT USD 71
- Janux Therapeutics (JANX) Downgraded to Underweight at Barclays; PT USD 14
- Lionsgate Studios (LION) Downgraded to Neutral at Citi; PT USD 12.60
- Mohawk Industries (MHK) Downgraded to Neutral at BofA; PT USD 122
- NXP Semi (NXPI) Downgraded to Equal-Weight at Wells Fargo; PT USD 235
- Qorvo (QRVO) Downgraded to Underperform at Mizuho Securities; PT USD 66
- Schneider National (SNDR) Downgraded to Market Perform at Raymond James
- Skyworks (SWKS) Downgraded to Underperform at Mizuho Securities; PT USD 46
- Southern Co (SO) Downgraded to Neutral at Seaport Global Securities
- Tvardi Therapeutics (TVRD) Downgraded to Underweight at Barclays; PT USD 3
- Westlake Corp (WLK) Downgraded to Hold at Deutsche Bank; PT USD 120
INITIATIONS:
- Candel Therapeutics (CADL) Initiated at New Overweight at Cantor
- Healthcare Realty Trust (HR) Initiated at New Neutral at UBS; PT USD 18
- Healthpeak Properties (DOC) Initiated at New Neutral at UBS; PT USD 17
- Kyndryl (KD) Initiated at New Market Perform at BMO; PT USD 15
- MKS Inc. (MKSI) Reinstated Buy at William O'Neil
- MP Materials (MP) Initiated at New Outperform at Wedbush; PT USD 90
- OptimumBank (OPHC) Initiated at New Buy at Janney Montgomery; PT USD 8
- Primis Financial Corp (FRST) Initiated at New Outperform at KBW; PT USD 17
- Sensei Bio (SNSE) Initiated at New Outperform at Leerink; PT USD 50
- Serve Robotics (SERV) Initiated at New Buy at Guggenheim; PT USD 13
- Thor Industries (THO) Initiated at New Neutral at Seaport Global Securities
- USA Rare Earth (USAR) Initiated at New Outperform at Wedbush; PT USD 29
- Voya Financial (VOYA) Initiated at New Buy at TD Cowen; PT USD 100
- Whirlpool (WHR) Initiated at New Neutral at Mizuho Securities; PT USD 55