US BROKER MOVES: GOOGL upgraded at Cantor; AA downgraded at JPMorgan

UPGRADES

Air Products (APD) Upgraded to Neutral at BofA
Airbnb (ABNB) Upgraded to Neutral at Cantor; PT USD 141
Alphabet (GOOGL) Upgraded to Overweight at Cantor; PT USD 370
Aptiv (APTV) Upgraded to Overweight at Piper Sandler; PT USD 103
Chubb (CB) Upgraded to Buy at Goldman; PT USD 351
Coinbase (COIN) Upgraded to Buy at BofA
Credit Acceptance (CACC) Upgraded to Hold at TD Cowen; PT USD 460
Dollar General (DG) Upgraded to Buy at Deutsche Bank; PT USD 170
Elevance (ELV) Upgraded to Outperform at Wolfe
Enhabit (EHAB) Upgraded to Buy at UBS; PT USD 12
Figma (FIG) Upgraded to Overweight at Wells Fargo; PT USD 52
Five Below (FIVE) Upgraded to Buy at Deutsche Bank; PT USD 242
Ford (F) Upgraded to Overweight at Piper Sandler; PT USD 16
Fortrea Holdings (FTRE) Upgraded to Buy at Truist Secs; PT USD 22
Gap (GAP) Upgraded to Buy at UBS; PT USD 41
Generac (GNRC) Upgraded to Buy at Citi; PT USD 207
General Motors (GM) Upgraded to Overweight at Piper Sandler; PT USD 98
HF Sinclair (DINO) Upgraded to Overweight at Piper Sandler; PT USD 68
Jack Henry (JKHY) Upgraded to Outperform at Wolfe
JB Hunt (JBHT) Upgraded to Positive at Susquehanna; PT USD 240
Kroger (KR) Upgraded to Buy at Deutsche Bank; PT USD 75
Merck & Co (MRK) Upgraded to Outperform at Wolfe; PT USD 135
Nurix (NRIX) Upgraded to Overweight at Morgan Stanley; PT USD 36
Omnicell (OMCL) Upgraded to Overweight at KeyBanc; PT USD 60
PBF Energy (PBF) Upgraded to Overweight at Piper Sandler; PT USD 40
Progressive (PGR) Upgraded to Overweight at Barclays; PT USD 265
Roku (ROKU) Upgraded to Outperform at Evercore ISI; PT USD 145
Stellantis (STLA) Upgraded to Overweight at Piper Sandler; PT USD 15
Steven Madden (SHOO) Upgraded to Buy at Needham
Terreno Realty (TRNO) Upgraded to Outperform at Baird; PT USD 64
Tyson (TSN) Upgraded to Outperform at BMO; PT USD 67
Westinghouse Air Brake (WAB) Upgraded to Outperform at Wolfe
Yum (YUM) Upgraded to Buy at Gordon Haskett

DOWNGRADES

AbbVie (ABBV) Downgraded to Peerperform at Wolfe
Absci (ABSI) Downgraded to Equal-Weight at Morgan Stanley; PT USD 4.32
Alcoa (AA) Downgraded to Underweight at JPMorgan; PT USD 50
American Homes (AMH) Downgraded to Neutral at Mizuho Securities; PT USD 32
Arcus Biosciences (RCUS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 20
Axsome Therapeutics (AXSM) Downgraded to Equal-Weight at Morgan Stanley
Ball (BALL) Downgraded to Equal-Weight at Morgan Stanley; PT USD 63
Bath & Body Works (BBWI) Downgraded to Hold at Deutsche Bank; PT USD 21
BorgWarner (BWA) Downgraded to Neutral at Piper Sandler
Burlington Stores (BURL) Downgraded to Hold at Deutsche Bank; PT USD 318
Capri Holdings (CPRI) Downgraded to Neutral at Goldman; PT USD 27
Chipotle (CMG) Downgraded to Hold at Gordon Haskett
Clarivate (CLVT) Downgraded to Neutral at Goldman; PT USD 3.60
Clearwater Analytics (CWAN) Downgraded to Equal-Weight at Wells Fargo
Contineum Therapeutics (CTNM) Downgraded to Equal-Weight at Morgan Stanley
Darden (DRI) Downgraded to Hold at Truist Secs
Dollar Tree (DLTR) Downgraded to Hold at Deutsche Bank; PT USD 126
Exelixis (EXEL) Downgraded to Equal-Weight at Morgan Stanley; PT USD 48
Extra Space (EXR) Downgraded to Sector Perform at Scotiabank; PT USD 145
Icon (ICLR) Downgraded to Hold at Truist Secs; PT USD 222
Intuit (INTU) Downgraded to Equal-Weight at Wells Fargo; PT USD 700
Invitation Homes (INVH) Downgraded to Neutral at Mizuho Securities; PT USD 27
IO Biotech (IOBT) Downgraded to Underweight at Morgan Stanley; PT 36 cents
JB Hunt (JBHT) Downgraded to Neutral at Citi; PT USD 221
Leidos (LDOS) Downgraded to Hold at Stifel; PT USD 220
Marqeta (MQ) Downgraded to Neutral at Mizuho Securities; PT USD 4.50
Marqeta (MQ) Downgraded to Peerperform at Wolfe
Neurocrine Bio (NBIX) Downgraded to Equal-Weight at Morgan Stanley; PT USD 175
Nike (NKE) Downgraded to Hold at Needham
OneStream (OS) Downgraded to Market Perform at Raymond James
Potlatch (PCH) Downgraded to Market Perform at BMO; PT USD 45
Prologis (PLD) Downgraded to Neutral at Baird; PT USD 130
Ryder (R) Downgraded to Peerperform at Wolfe
Saia (SAIA) Downgraded to Peerperform at Wolfe
Sigma Lithium Corp (SGML CN) Downgraded to Underperform at BofA
Sprouts Farmers (SFM) Downgraded to Hold at Deutsche Bank; PT USD 88
Sunrise Realty Trust (SUNS) Downgraded to Market Perform at KBW; PT USD 9.50
Toast (TOST) Downgraded to Peerperform at Wolfe
Travelers (TRV) Downgraded to Neutral at Goldman; PT USD 304
UPS (UPS) Downgraded to Peerperform at Wolfe
Ventyx Bio (VTYX) Downgraded to Neutral at HC Wainwright; PT USD 14
Ventyx Bio (VTYX) Downgraded to Hold at Canaccord; PT USD 14
Ventyx Bio (VTYX) Downgraded to Market Perform at LifeSci Capital; PT USD 14
Ventyx Bio (VTYX) Downgraded to Equal-Weight at Wells Fargo; PT USD 14
Vestis (VSTS) Downgraded to Sell at Goldman; PT USD 5.30
Walmart (WMT) Downgraded to Hold at Deutsche Bank; PT USD 119
XPO Inc. (XPO) Downgraded to Peerperform at Wolfe
XPO Inc. (XPO) Downgraded to Neutral at Citi; PT USD 171

INITIATIONS

Ally Financial (ALLY) Reinstated Buy at UBS; PT USD 56
Bicara Therapeutics (BCAX) Initiated at New Buy at BTIG; PT USD 28
Bread Financial Holdings (BFH) Initiated at New Buy at UBS; PT USD 92
Bunker Hill Mining (BHLL) Initiated at New Buy at Roth Capital Partners
Evommune (EVMN) Initiated at New Strong Buy at Raymond James; PT USD 40
Figma (FIG) Reinstated Hold at Stifel; PT USD 40
Intuit (INTU) Initiated at New Buy at TD Cowen; PT USD 802
Polaris (PII) Initiated at New Buy at Seaport Global Securities; PT USD 83
Tyler Tech (TYL) Initiated at New Buy at Stifel; PT USD 550