BROKER MOVES: VRTX upgraded at Morgan Stanley, REGN downgraded; ORCL initiated at Wells Fargo

UPGRADES

• American Eagle (AEO) Upgraded to Neutral at JPMorgan; PT USD 20


• CSW Industrials (CSW) Upgraded to Overweight at JPMorgan; PT USD 350


• Design Therapeutics (DSGN) Upgraded to Outperform at Leerink; PT USD 14


• Driven Brands (DRVN) Upgraded to Outperform at William Blair


• Equinix (EQIX) Upgraded to Outperform at BMO; PT USD 900


• Garmin (GRMN) Upgraded to Buy at Longbow


• Lyft (LYFT) Upgraded to Neutral at Arete; PT USD 20


• PennantPark Investment (PNNT) Upgraded to Neutral at Compass Point


• Schneider National (SNDR) Upgraded to Outperform at Raymond James; PT USD 28


• Spruce Bio (SPRB) Upgraded to Outperform at Leerink; PT USD 160


• Uber (UBER) Upgraded to Buy at Arete; PT USD 125


• Vertex Pharmaceuticals (VRTX) Upgraded to Overweight at Morgan Stanley

DOWNGRADES

• Acadia Health (ACHC) Downgraded to Market Perform at Leerink; PT USD 14


• Applied Therapeutics (APLT) Downgraded to Market Perform at Leerink; PT USD 1


• Aurinia Pharmaceuticals (AUPH) Downgraded to Market Perform at Leerink; PT USD 16


• Biohaven (BHVN) Downgraded to Neutral at HC Wainwright; PT USD 11


• BioMarin (BMRN) Downgraded to Market Perform at Leerink; PT USD 60


• Charter Communications (CHTR) Downgraded to Strong Sell at CFRA


• Cognex (CGNX) Downgraded to Underweight at JPMorgan; PT USD 35


• InflaRx (IFRX) Downgraded to Market Perform at Leerink; PT USD 2


• Jamf Holding (JAMF) Downgraded to Market Perform at Citizens


• Pure Storage (PSTG) Downgraded to Neutral at Susquehanna; PT USD 100


• Regeneron (REGN) Downgraded to Equal-Weight at Morgan Stanley; PT USD 767


• Wayfair (W) Downgraded to Hold at Jefferies; PT USD 94

INITIATIONS

• Aardvark Therapeutics (AARD) Initiated at New Strong Buy at Raymond James


• Agilent (A) Initiated at New Overweight at Morgan Stanley; PT USD 180


• AppLovin (APP) Reinstated Buy at William O'Neil


• Bloom Energy (BE) Initiated at New Hold at Daiwa; PT USD 98


• Capri Holdings (CPRI) Reinstated Overweight at Barclays; PT USD 31


• CBL Properties (CBL) Initiated at New Buy at Ladenburg Thalmann; PT USD 45


• Compass Therapeutics (CMPX) Initiated at New Overweight at Cantor


• Compass Therapeutics (CMPX) Initiated at New Buy at Canaccord; PT USD 10


• Compass Therapeutics (CMPX) Initiated at New Market Outperform at Citizens


• D-Wave Quantum (QBTS) Initiated at New Outperform at Evercore ISI; PT USD 44


• Honeywell (HON) Initiated at New Neutral at BNPP Exane; PT USD 195


• Klarna (KLAR) Initiated at New Buy at President Capital Management; PT USD 39


• Lam Research (LRCX) Initiated at New Add at CTBC Securities; PT USD 175


• Linde (LIN) Initiated at New Outperform at CICC; PT USD 510


• Microbot Medical (MBOT) Reinstated Buy at Roth Capital Partners


• Oracle (ORCL) Initiated at New Overweight at Wells Fargo; PT USD 280


• Palatin Technologies (PTN) Initiated at New Buy at Lucid Capital Markets


• Pelthos Therapeutics (PTHS) Initiated at New Buy at HC Wainwright; PT USD 60


• Pitney Bowes (PBI) Initiated at New Market Outperform at Citizens; PT USD 13


• Theravance Bio (TBPH) Initiated at New Outperform at Oppenheimer; PT USD 27


• Traws Pharma Inc (TRAW) Initiated at New Buy at HC Wainwright; PT USD 8


• Viridian Therapeutics Inc (VRDN) Initiated at New Outperform at William Blair


• Wyndham Hotels (WH) Initiated at New Neutral at Mizuho Securities; PT USD 71


• Zymeworks (ZYME) Initiated at New Market Outperform at Citizens; PT USD 32

03 Dec 2025 - 12:19- Equities- Source: Newswires