US BROKER MOVES: AMAT upgraded at Mizuho; WAL downgraded at JPMorgan

UPGRADES

• Applied Materials (AMAT) Upgraded to Outperform at Mizuho Securities
• Circle Internet (CRCL) Upgraded to Neutral at Mizuho Securities
• Energy Fuels (EFR CN) Upgraded to Neutral at Roth Capital Partners
• Johnson & Johnson (JNJ) Upgraded to Overweight at Morgan Stanley
• KKR & Co. (KKR) Upgraded to Buy at HSBC; PT USD 144
• Korro Bio, Inc. (KRRO) Upgraded to Outperform at Oppenheimer; PT USD 22
• Korro Bio, Inc. (KRRO) Upgraded to Overweight at Cantor
• Microchip (MCHP) Upgraded to Buy at BofA; PT USD 95
• Nextpower (NXT) Upgraded to Overweight at KeyBanc; PT USD 142
• Texas Instruments (TXN) Upgraded to Neutral at BofA; PT USD 235
• Visa (V) Upgraded to Buy at Rothschild & Co Redburn; PT USD 385

DOWNGRADES

• Array (ARRY) Downgraded to Neutral at Baird; PT USD 11
• BJ's Wholesale (BJ) Downgraded to Hold at Jefferies; PT USD 90
• Brown & Brown (BRO) Downgraded to Neutral at Citi; PT USD 83
• Capital City Bank (CCBG) Downgraded to Market Perform at KBW; PT USD 45
• Martin Marietta (MLM) Downgraded to Hold at Loop Capital; PT USD 690
• Nucor (NUE) Downgraded to Neutral at UBS; PT USD 183
• PayPal (PYPL) Downgraded to Sell at Rothschild & Co Redburn; PT USD 50
• PRA Group (PRAA) Downgraded to Market Perform at Citizens
• Roper (ROP) Downgraded to Hold at Stifel; PT USD 385
• Roper (ROP) Downgraded to Market Perform at Oppenheimer
• Western Alliance (WAL) Downgraded to Neutral at JPMorgan; PT USD 105

INITIATIONS

• Aardvark Therapeutics (AARD) Initiated at New Buy at B Riley; PT USD 32
• Altimmune (ALT) Initiated at New Overweight at Barclays; PT USD 20
• Apellis Pharma (APLS) Initiated at New Equal-Weight at Barclays; PT USD 24
• Ascendis Pharma (ASND) ADRs Initiated at New Overweight at Barclays; PT USD 342
• Bloom Energy (BE) Initiated at New Equal-Weight at Barclays; PT USD 153
• Bridgebio (BBIO) Initiated at New Overweight at Barclays; PT USD 157
• Coinbase (COIN) Initiated at New Neutral at Baird; PT USD 240
• Crescent Biopharma (CBIO) Reinstated Overweight at Piper Sandler
• Dauch Corp. (AXL) American Axle Initiated at New Buy at BWS Financial; PT USD 17
• Entrada Therapeutics (TRDA) Initiated at New Outperform at Oppenheimer; PT USD 21
• FormFactor (FORM) Initiated at New Hold at Freedom Capital; PT USD 64
• Futu Holdings (FUTU) ADRs Reinstated Outperform at CCB Intl; PT USD 250
• GE Vernova (GEV) Initiated at New Buy at China Renaissance; PT USD 966
• Gossamer Bio (GOSS) Initiated at New Overweight at Barclays; PT USD 9
• HeartFlow (HTFL) Initiated at New Overweight at Wells Fargo; PT USD 38
• Insmed (INSM) Initiated at New Overweight at Barclays; PT USD 231
• Madrigal Pharma (MDGL) Initiated at New Overweight at Barclays; PT USD 964
• MBX Biosciences (MBX) Initiated at New Overweight at Barclays
• Nano Nuclear Energy (NNE) Initiated at New Buy at Texas Capital; PT USD 49
• NuScale Power (SMR) Initiated at New Buy at Texas Capital; PT USD 23
• Oklo (OKLO) Initiated at New Buy at Texas Capital; PT USD 138
• Raymond James (RJF) Initiated at New Overweight at Barclays; PT USD 191
• Rush Enterprises (RUSHA) Initiated at New Neutral at UBS; PT USD 70
• Sagimet Biosciences (SGMT) Initiated at New Equal-Weight at Barclays; PT USD 8
• Shattuck Labs (STTK) Initiated at New Overweight at Piper Sandler; PT USD 15
• SiriusXM (SIRI) Initiated at New Neutral at MoffettNathanson LLC; PT USD 21
• Spotify (SPOT) Initiated at New Neutral at MoffettNathanson LLC; PT USD 487
• Tyra Biosciences (TYRA) Initiated at New Overweight at Barclays; PT USD 59
• uniQure (QURE) Initiated at New Equal-Weight at Barclays; PT USD 31
• Warner Music (WMG) Initiated at New Buy at MoffettNathanson LLC; PT USD 38