US BROKER MOVES: FN upgraded at Barclays; RIVN downgraded at UBS

UPGRADES

• Prologis (PLD) Upgraded to Sector Outperform at Scotiabank; PT USD 146
• Okta (OKTA) Upgraded to Overweight at Stephens
• Nutrien (NTR) Upgraded to Overweight at Morgan Stanley; PT CAD 106.92
• Materion (MTRN) Upgraded to Overweight at KeyBanc; PT USD 161
• Hyatt (H) Upgraded to Buy at Goldman Sachs; PT USD 198
• Global Payments (GPN) Upgraded to Buy at Seaport
• Flywire (FLYW) Upgraded to Buy at Seaport; PT USD 18
• Flex (FLEX) Upgraded to Outperform at Raymond James; PT USD 75
• Fabrinet (FN) Upgraded to Overweight at Barclays; PT USD 537
• ERO Copper (ERO) Upgraded to Buy at Canaccord; PT CAD 48
• CNH Industrial (CNH) Upgraded to Buy at Goldman Sachs; PT USD 13
• CME Group (CME) Upgraded to Buy at TD Cowen
• Cintas (CTAS) Upgraded to Overweight at Wells; PT USD 245
• Check Point Software (CHKP) Upgraded to Overweight at Stephens; PT USD 240
• Adient (ADNT) Upgraded to Buy at UBS; PT USD 30

DOWNGRADES

• Warner Bros Discovery (WBD) Downgraded to Neutral at Guggenheim; PT USD 30
• Vulcan Materials (VMC) Downgraded to Neutral at D.A. Davidson; PT USD 330
• Volaris (VOLARA) ADRs Downgraded to Neutral at JPMorgan; PT USD 11
• V2X (VVX) Downgraded to Hold at Truist
• Stifel Financial (SF) Downgraded to Hold at TD Cowen
• Snap (SNAP) Downgraded to Underperform at BNP Paribas; PT USD 8
• Rivian (RIVN) Downgraded to Sell at UBS; PT USD 15
• Martin Marietta (MLM) Downgraded to Neutral at D.A. Davidson; PT USD 690
• Kraken Sonar (PNG) Downgraded to Sector Perform at National Bank; PT CAD 8.75
• KKR (KKR) Downgraded to Hold at TD Cowen
• Global Payments (GPN) Downgraded to Hold at Deutsche Bank; PT USD 80
• Douglas Emmett (DEI) Downgraded to Sector Perform at Scotiabank; PT USD 12.50
• Coca-Cola Europacific (CCEP) Downgraded to Neutral at BofA
• BlackRock (BLK) Downgraded to Hold at TD Cowen
• Arthur J Gallagher (AJG) Downgraded to Neutral at Cantor; PT USD 282

INITIATIONS

• Wells Fargo (WFC) Initiated at Market Perform at CICC; PT USD 96
• Versant Media (VSNT) Initiated at Market Perform at Raymond James
• Uber (UBER) Initiated at Outperform at BNP Paribas; PT USD 108
• Telomir Pharmaceuticals (TELO) Reinstated Buy at Rodman & Renshaw
• Snap (SNAP) Initiated at Underperform at BNP Paribas; PT USD 8
• Nextpower (NXT) Reinstated Buy at William O’Neil
• Mira Pharmaceuticals (MIRA) Reinstated Buy at Rodman & Renshaw; PT USD 8
• KLA Corp (KLAC) Initiated at Outperform at Bernstein
• JPMorgan (JPM) Initiated at Outperform at CICC; PT USD 355
• Idacorp (IDA) Initiated at Overweight at Barclays; PT USD 144
• Cn Groupe Dynamite (GRGD) Initiated at Buy at UBS; PT CAD 115
• Coherent (COHR) Reinstated Buy at William O’Neil
• Citigroup (C) Initiated at Outperform at CICC; PT USD 138
• Boyd Group (BYD CN) Reinstated Sector Outperform at Scotiabank; PT CAD 264
• Biomea Fusion (BMEA) Initiated at Buy at Rodman & Renshaw; PT USD 8
• Bank of America (BAC) Initiated at Outperform at CICC; PT USD 62
• Bwx Technologies (BWXT) Reinstated Buy at William O’Neil
• Ascentage Pharma (6855 HK) ADRs Initiated at Buy at Rodman & Renshaw; PT USD 48
• AppLovin (APP) Initiated at Outperform at Evercore; PT USD 835