US BROKER MOVES: CRWD upgraded at Berenberg; STNG double downgraded at BofA

UPGRADES

Airbnb (ABNB) Upgraded to Equal-Weight at Barclays; PT USD 120
Airbnb (ABNB) Upgraded to Equal-Weight at Wells Fargo; PT USD 128
Allogene (ALLO) Upgraded to Market Outperform at Citizens; PT USD 5
Altria (MO) Upgraded to Buy at UBS; PT USD 63
American Air (AAL) Upgraded to Positive at Susquehanna; PT USD 20
Ardelyx (ARDX) Upgraded to Overweight at Piper Sandler
Array (ARRY) Upgraded to Buy at TD Cowen; PT USD 12
CareTrust REIT (CTRE) Upgraded to Outperform at BMO; PT USD 43
Choice Hotels (CHH) Upgraded to Buy at Truist Secs; PT USD 126
Cleveland-Cliffs (CLF) Upgraded to Overweight at Morgan Stanley; PT USD 17
Cousins Properties (CUZ) Upgraded to Outperform at BMO; PT USD 31
CrowdStrike (CRWD) Upgraded to Buy at Berenberg; PT USD 600
DiamondRock Hospitality (DRH) Upgraded to Buy at Truist Secs; PT USD 11
Donaldson (DCI) Upgraded to Buy at Jefferies; PT USD 120
Doximity (DOCS) Upgraded to Neutral at Goldman; PT USD 49
Edwards Life (EW) Upgraded to Buy at TD Cowen; PT USD 97
Expeditors (EXPD) Upgraded to Buy at BofA
FedEx (FDX) Upgraded to Buy at BofA; PT USD 365
Generac (GNRC) Upgraded to Outperform at Baird; PT USD 199
H2O America (HTO) Upgraded to Buy at BTIG; PT USD 61
Host Hotels (HST) Upgraded to Buy at Truist Secs; PT USD 21
Independence Realty (IRT) Upgraded to Outperform at BMO; PT USD 22
Lockheed (LMT) Upgraded to Buy at Truist Secs; PT USD 605
Marriott Intl (MAR) Upgraded to Outperform at BMO; PT USD 370
Mid-America (MAA) Upgraded to Outperform at BMO; PT USD 158
MoonLake Immunotherapeutics (MLTX) Upgraded to Buy at BTIG; PT USD 24
NuScale Power (SMR) Upgraded to Neutral at BofA; PT USD 28
Ormat (ORA) Upgraded to Buy at TD Cowen; PT USD 130
Oscar Health (OSCR) Upgraded to Neutral at UBS; PT USD 17
Quanta Services (PWR) Upgraded to Buy at Seaport Global Securities

DOWNGRADES

Adobe (ADBE) Downgraded to Market Perform at BMO; PT USD 375
American Homes (AMH) Downgraded to Market Perform at BMO; PT USD 37
American Tower (AMT) Downgraded to Market Perform at BMO; PT USD 185
AXT (AXTI) Downgraded to Neutral at B Riley; PT USD 18
Confluent (CFLT) Downgraded to Market Perform at Citizens
Emerson Electric (EMR) Downgraded to Hold at TD Cowen; PT USD 150
Equity Residential (EQR) Downgraded to Market Perform at BMO; PT USD 68
Essex Property (ESS) Downgraded to Market Perform at BMO; PT USD 280
GE Vernova (GEV) Downgraded to Neutral at Baird; PT USD 649
HealthEquity (HQY) Downgraded to Sell at Goldman; PT USD 89
Hudson Pacific (HPP) Downgraded to Market Perform at BMO; PT USD 11
iHeartMedia (IHRT) Downgraded to Sell at Goldman; PT USD 3.50
Intuitive Machines (LUNR) Downgraded to Hold at Stifel; PT USD 20
Mattel (MAT) Downgraded to Neutral at Goldman; PT USD 21
Northrop Grumman (NOC) Downgraded to Hold at Truist Secs; PT USD 623
Nucor (NUE) Downgraded to Equal-Weight at Morgan Stanley; PT USD 180
Omega Healthcare (OHI) Downgraded to Market Perform at BMO; PT USD 45
On Holding (ONON) Downgraded to Hold at Williams Trading; PT USD 47
Plug Power (PLUG) Downgraded to Hold at TD Cowen; PT USD 2
Qualcomm (QCOM) Downgraded to Neutral at Mizuho Securities; PT USD 175
Regency Centers (REG) Downgraded to Neutral at Mizuho Securities; PT USD 74
Scorpio Tankers (STNG) Downgraded to Underperform at BofA
Steel Dynamics (STLD) Downgraded to Equal-Weight at Morgan Stanley; PT USD 194
Zillow (ZG) Downgraded to Neutral at Mizuho Securities; PT USD 70
Zimmer Biomet (ZBH) Downgraded to Sell at Goldman; PT USD 93

INITIATIONS

Alexandria Real Estate (ARE) Initiated at New Equal-Weight at Morgan Stanley
Auna (AUNA) Initiated at New Buy at Inteligo SAB; PT USD 10.90
Autodesk (ADSK) Initiated at New Buy at Rothschild & Co Redburn; PT USD 375
Bowman Consulting Group (BWMN) Initiated at New Neutral at JPMorgan; PT USD 40
BridgeBio Oncology Therapeutics (BBOT) US Initiated at New Outperform at Raymond James; PT USD 24
Cava Group (CAVA) Initiated at New Outperform at Telsey; PT USD 85
Chipotle (CMG) Reinstated Outperform at Telsey; PT USD 50
Claritev Corp (CTEV) Initiated at New Equal-Weight at Wells Fargo; PT USD 33
Con Edison (ED) Initiated at New Hold at TD Cowen; PT USD 105
Constellation Energy (CEG) Initiated at New Buy at TD Cowen; PT USD 440
Crescent Energy Co (CRGY) Initiated at New Market Perform at BMO; PT USD 10
Dominion Energy (D) Initiated at New Hold at TD Cowen; PT USD 65
Doximity (DOCS) Initiated at New Outperform at RBC; PT USD 59
DraftKings (DKNG) Initiated at New Hold at Texas Capital; PT USD 39
Entergy (ETR) Initiated at New Buy at TD Cowen; PT USD 108
Flutter (FLUT) Initiated at New Buy at Texas Capital; PT USD 294
Healthpeak Properties (DOC) Initiated at New Neutral at Goldman; PT USD 17
Hinge Health (HNGE) Initiated at New Overweight at Wells Fargo; PT USD 68
LB Pharmaceuticals (LBRX) Initiated at New Buy at Roth Capital Partners
Magnolia Oil & Gas (MGY) Initiated at New Outperform at BMO; PT USD 27
MGM Resorts (MGM) Initiated at New Buy at Texas Capital; PT USD 56
Monopar (MNPR) Initiated at New Overweight at Morgan Stanley; PT USD 115
Nasdaq Inc. (NDAQ) Initiated at New Buy at William O'Neil
Novo (NVO) ADRs Initiated at New Outperform at CICC; PT USD 73.50
Omada Health (OMDA) Initiated at New Equal-Weight at Wells Fargo; PT USD 17
Omega Healthcare (OHI) Reinstated Buy at Goldman; PT USD 54
Palisade Bio Inc (PALI) Initiated at New Buy at B Riley; PT USD 7
Phreesia (PHR) Initiated at New Overweight at Wells Fargo; PT USD 30
RadNet (RDNT) Initiated at New Overweight at KeyBanc; PT USD 92
RAPT Therapeutics (RAPT) Reinstated Overweight at Piper Sandler; PT USD 95
Scholar Rock (SRRK) Initiated at New Buy at Citi; PT USD 55
SharkNinja (SN) Initiated at New Buy at William O'Neil
Sonida Senior Living (SNDA) Initiated at New Neutral at Baird; PT USD 35
TIC Solutions (TIC) Initiated at New Overweight at JPMorgan; PT USD 16
Ventas (VTR) Reinstated Buy at Goldman; PT USD 94
Vor BioPharma (VOR) Initiated at New Buy at Citi; PT USD 50
Waystar (WAY) Initiated at New Overweight at Wells Fargo; PT USD 41
Wingstop (WING) Reinstated Buy at Loop Capital; PT USD 317
Wynn Resorts (WYNN) Initiated at New Buy at Texas Capital; PT USD 155