US BROKER MOVES: MCHP upgraded at Cantor; WFC & KEY downgraded at Baird

UPGRADES

• Ally Financial (ALLY) Upgraded to Outperform at Evercore ISI
• Arvinas (ARVN) Upgraded to Buy at Citi; PT USD 15
• Ball (BALL) Upgraded to Overweight at Wells Fargo; PT USD 60
• Ball (BALL) Upgraded to Buy at Citi; PT USD 67
• Brinker (EAT) Upgraded to Buy at UBS; PT USD 175
• Brunswick (BC) Upgraded to Buy at Jefferies; PT USD 115
• Casella Waste (CWST) Upgraded to Buy at Jefferies; PT USD 120
• Certara (CERT) Upgraded to Outperform at Leerink; PT USD 13
• Core Scientific (CORZ) Upgraded to Buy at BTIG; PT USD 23
• Dorian LPG (LPG) Upgraded to Buy at Pareto Securities; PT USD 31
• Fortrea Holdings (FTRE) Upgraded to Outperform at Evercore ISI; PT USD 25
• Highwoods (HIW) Upgraded to Buy at Deutsche Bank; PT USD 29
• Jackson Financial (JXN) Upgraded to Inline at Evercore ISI
• KLA Corp (KLAC) Upgraded to Overweight at Cantor; PT USD 1,500
• Krystal Biotech (KRYS) Upgraded to Buy at Citi; PT USD 309
• Landstar (LSTR) Upgraded to Overweight at Wells Fargo; PT USD 170
• Medtronic (MDT) Upgraded to Outperform at William Blair
• Microchip (MCHP) Upgraded to Overweight at Cantor; PT USD 85
• Mobileye (MBLY) Upgraded to Neutral at JPMorgan; PT USD 13
• O-I Glass (OI) Upgraded to Overweight at Wells Fargo; PT USD 18
• Packaging Corp (PKG) Upgraded to Overweight at Wells Fargo; PT USD 233
• ServiceNow (NOW) Upgraded to Buy at Arete; PT USD 200
• Shake Shack (SHAK) Upgraded to Buy at Deutsche Bank; PT USD 105
• SLB (SLB) Upgraded to Outperform at Evercore ISI; PT USD 54
• Stryker (SYK) Upgraded to Outperform at Raymond James; PT USD 418
• Trex (TREX) Upgraded to Buy at UBS; PT USD 52
• Werner Enterprises (WERN) Upgraded to Equal-Weight at Wells Fargo; PT USD 34

DOWNGRADES

• Air Lease (AL) Downgraded to Equal-Weight at Barclays; PT USD 65
• AptarGroup (ATR) Downgraded to Equal-Weight at Wells Fargo; PT USD 133
• AT&T (T) Downgraded to Sell at Arete; PT USD 20
• Comcast (CMCSA) Downgraded to Sell at Arete; PT USD 23
• D.R. Horton (DHI) Downgraded to Equal-Weight at Wells Fargo; PT USD 155
• Frontier Airlines (ULCC) Downgraded to Underperform at BofA; PT USD 4
• Globe Life (GL) Downgraded to Inline at Evercore ISI
• Graphic Packaging (GPK) Downgraded to Underweight at Wells Fargo; PT USD 12
• Greif (GEF) Downgraded to Equal-Weight at Wells Fargo; PT USD 72
• Halliburton (HAL) Downgraded to Inline at Evercore ISI; PT USD 35
• KeyCorp (KEY) Downgraded to Underperform at Baird; PT USD 18
• Lennar (LEN) Downgraded to Neutral at UBS; PT USD 122
• MetLife (MET) Downgraded to Inline at Evercore ISI
• Sonoco (SON) Downgraded to Equal-Weight at Wells Fargo; PT USD 47
• Sweetgreen (SG) Downgraded to Neutral at UBS; PT USD 7.50
• Wells Fargo (WFC) Downgraded to Underperform at Baird; PT USD 90
• Zenas Biopharma (ZBIO) Downgraded to Equal-Weight at Morgan Stanley; PT USD 19
• Zimmer Biomet (ZBH) Downgraded to Market Perform at Raymond James

INITIATIONS

• Accenture (ACN) Initiated at New Buy at Truist Secs
• Apple Hospitality (APLE) Initiated at New Overweight at Barclays; PT USD 14
• Belite Bio (BLTE) ADRs Initiated at New Overweight at Morgan Stanley; PT USD 191
• Billiontoone (BLLN) Initiated at New Buy at Guggenheim; PT USD 120
• Bridgebio (BBIO) Initiated at New Overweight at Morgan Stanley; PT USD 96
• CCC Intelligent Solutions (CCC) Initiated at New Buy at Truist Secs
• China Yuchai (CYD) Initiated at New Buy at UBS; PT USD 60
• CoreWeave (CRWV) Initiated at New Hold at Truist Secs
• DiamondRock Hospitality (DRH) Initiated at New Equal-Weight at Barclays
• Digital Realty (DLR) Reinstated Buy at Deutsche Bank; PT USD 180
• Duolingo (DUOL) Initiated at New Buy at Truist Secs
• Enovis Corp (ENOV) Initiated at New Buy at BTIG; PT USD 41
• EPAM Systems (EPAM) Initiated at New Hold at Truist Secs
• Equinix (EQIX) Reinstated Buy at Deutsche Bank; PT USD 915
• Evommune (EVMN) Initiated at New Buy at HC Wainwright; PT USD 35
• Globant (GLOB) Initiated at New Hold at Truist Secs
• Host Hotels (HST) Initiated at New Equal-Weight at Barclays; PT USD 19
• Intuit (INTU) Initiated at New Buy at Truist Secs
• Karman Holdings (KRMN) Initiated at New Buy at William O'Neil
• Lemonade (LMND) Initiated at New Buy at Truist Secs
• Palantir (PLTR) Initiated at New Buy at Truist Secs
• Park Hotels (PK) Initiated at New Overweight at Barclays; PT USD 13
• Parker-Hannifin (PH) Initiated at New Overweight at JPMorgan; PT USD 1,050
• Pebblebrook (PEB) Initiated at New Underweight at Barclays; PT USD 10
• Reddit (RDDT) Reinstated Buy at William O'Neil
• RLJ Lodging (RLJ) Initiated at New Underweight at Barclays; PT USD 6
• Ryman Hospitality (RHP) Initiated at New Overweight at Barclays; PT USD 110
• Spire Global (SPIR) Initiated at New Buy at HC Wainwright; PT USD 14
• UnitedHealth (UNH) Initiated at New Outperform at Evercore ISI; PT USD 400
• Upstart (UPST) Initiated at New Buy at Truist Secs
• Versant Media Group (VSNT) Initiated at New Sell at Arete; PT USD 33
• Waters (WAT) Initiated at New Buy at Guggenheim; PT USD 440
• Wealthfront (WLTH) Initiated at New Overweight at Wells Fargo; PT USD 16.50
• Wealthfront (WLTH) Initiated at New Market Outperform at Citizens; PT USD 20
• Wealthfront (WLTH) Initiated at New Neutral at Goldman; PT USD 14.50
• Wealthfront (WLTH) Initiated at New Outperform at RBC; PT USD 17
• Wealthfront (WLTH) Initiated at New Overweight at JPMorgan; PT USD 16
• Wealthfront (WLTH) Initiated at New Outperform at KBW; PT USD 16.50
• Wealthfront (WLTH) Initiated at New Sector Weight at KeyBanc