US BROKER MOVES: GEV double upgraded at Rothschild Redburn; JEF downgraded at Morgan Stanley

UPGRADES

Alta Equipment Group (ALTG) upgraded from Market Perform to Outperform at Raymond James; PT $9.50
Algonquin Power & Utilities (AQN) upgraded from Market Perform to Outperform at Raymond James; PT $7.25
Celanese (CE) upgraded from Hold to Buy at Vertical Group; PT $60
Cognex (CGNX) upgraded from Underweight to Neutral at JPMorgan; PT $55
Dow (DOW) upgraded from Hold to Buy at Vertical Research; PT $37
Dow (DOW) upgraded from Sector Perform to Outperform at RBC; PT $40
Fortrea (FTRE) upgraded from Hold to Buy at TD Cowen; PT $15
GE Vernova (GEV) upgraded from Sell to Buy at Rothschild Redburn; PT $1,100
H World Group (HTHT) upgraded from Neutral to Buy at UBS; PT $62.40
IQVIA (IQV) upgraded from Hold to Buy at TD Cowen; PT $213
LyondellBasell (LYB) upgraded from Hold to Buy at Vertical Research; PT $75
LyondellBasell (LYB) upgraded from Sector Perform to Outperform at RBC; PT $82
PG&E (PCG) upgraded from Neutral to Buy at UBS; PT $23
Pure Storage (PSTG) upgraded from Market Perform to Outperform at Northland; PT $81
uniQure (QURE) upgraded from Equal Weight to Overweight at Wells Fargo; PT $60
uniQure (QURE) upgraded from Sector Perform to Outperform at RBC; PT $35
Redwire (RDW) upgraded from Hold to Buy at Truist; PT $15
Schneider National (SNDR) upgraded from Sell to Neutral at Citi; PT $27
Terex (TEX) upgraded from Neutral to Buy at Citi; PT $75
USA Compression Partners (USAC) upgraded from Hold to Buy at Texas Capital; PT $31
Verizon (VZ) upgraded from Sector Perform to Sector Outperform at Scotiabank; PT $54.50
Western Alliance Bancorp (WAL) upgraded from Underweight to Equal Weight at Wells Fargo; PT $79
Werner Enterprises (WERN) upgraded from Sell to Neutral at Citi; PT $34

DOWNGRADES

Brown-Forman (BF.B) downgraded from Outperform to Market Perform at Bernstein; PT $29 (prev. $37.50)
Coterra Energy (CTRA) downgraded from Buy to Hold at Texas Capital Securities; PT $31 (prev. $34)
Jefferies Financial Group (JEF) downgraded from Overweight to Equalweight at Morgan Stanley; PT $49 (prev. $78)
Scholastic (SCHL) downgraded from Buy to Neutral at B. Riley; PT $37
Snap (SNAP) downgraded from Buy to Neutral at Presidents Capital Management; PT $5.90
Marriott Vacations Worldwide (VAC) downgraded from Market Outperform to Market Perform at Citizens
Valaris (VAL) downgraded from Buy to Neutral at BTIG
Western Alliance Bancorp (WAL) downgraded from Buy to Hold at TD Cowen

INITIATIONS

Akoustis Technologies (AKTS) initiated at Buy at H.C. Wainwright; PT $30
Avista (AVA) initiated at Equalweight at Barclays; PT $40
Dutch Bros (BROS) initiated at Outperform at Wolfe Research; PT $77
Webull Corp. (BULL) initiated at Buy at Compass Point; PT $9
CAVA Group (CAVA) initiated at Outperform at Wolfe Research; PT $93
Brinker International (EAT) initiated at Outperform at Wolfe Research; PT $184
Fidelity National Information Services (FIS) initiated at Buy at Goldman Sachs; PT $70
Global Payments (GPN) initiated at Neutral at Goldman Sachs; PT $88
Immix Biopharma (IMMX) initiated at Market Outperform at Citizens; PT $23
ITT Inc. (ITT) initiated at Equalweight at Barclays; PT $220
Jade Biosciences (JBIO) initiated at Outperform at William Blair
Netflix (NFLX) initiated at Equal Weight at Wells Fargo; PT $105
Pharvaris (PHVS) initiated at Outperform at RBC Capital; PT $52
Portillo’s (PTLO) initiated at Peerperform at Wolfe Research
Starbucks (SBUX) initiated at Peerperform at Wolfe Research
Sweetgreen (SG) initiated at Peerperform at Wolfe Research
Shake Shack (SHAK) initiated at Outperform at Wolfe Research; PT $118
Sun Bancorp (SUNB) initiated at Outperform at BNP Paribas Exane
Warner Bros. Discovery (WBD) initiated at Equal Weight at Wells Fargo; PT $31
Wingstop (WING) initiated at Outperform at Wolfe Research; PT $320
Exagen (XGN) initiated at Buy at Guggenheim; PT $12