US BROKER MOVES: META upgraded at Erste Group, downgraded at Arete

UPGRADES

Agnico Eagle Mines (AEM) upgraded from Hold to Buy at Erste Group
American International Group (AIG) upgraded from Neutral to Buy at Goldman Sachs; PT USD 90 (prev. USD 83)
Antero Resources (AR) upgraded from Hold to Buy at Benchmark; PT USD 44
Builders FirstSource (BLDR) upgraded from Sector Perform to Outperform at RBC Capital; PT USD 119
Cross Country Healthcare (CCRN) upgraded from Hold to Buy at Benchmark; PT USD 14
Dauch Corp. (DCH) upgraded from Hold to Buy at Deutsche Bank; PT USD 8
Dow (DOW) upgraded from Underperform to Market Perform at BMO Capital; PT USD 35 (prev. USD 22)
LyondellBasell (LYB) upgraded from Underperform to Market Perform at BMO Capital; PT USD 68 (prev. USD 38)
Mayville Engineering (MEC) upgraded from Market Perform to Outperform at Northland; PT USD 25 (prev. USD 20)
Meta Platforms (META) upgraded from Hold to Buy at Erste Group
Penn Entertainment (PENN) upgraded from Hold to Buy at Benchmark; PT USD 21
Seadrill (SDRL) upgraded from Sell to Neutral at Citi; PT USD 46 (prev. USD 32)
Marriott Vacations Worldwide (VAC) upgraded from Neutral to Outperform at Mizuho; PT USD 104 (prev. USD 58)
Westlake (WLK) upgraded from Market Perform to Outperform at BMO Capital; PT USD 127 (prev. USD 108)

DOWNGRADES

American Airlines (AAL) downgraded from Buy to Neutral at Rothschild Redburn; PT USD 12.50 (prev. USD 17)
Allstate (ALL) downgraded from Buy to Neutral at Goldman Sachs
Barclays (BCS) downgraded from Buy to Hold at Erste Group
Edison International (EIX) downgraded from Neutral to Sell at Ladenburg Thalmann; PT USD 63
Diamondback Energy (FANG) downgraded from Buy to Hold at Benchmark
Grocery Outlet (GO) downgraded from Buy to Hold at Jefferies; PT USD 7 (prev. USD 18)
Grocery Outlet (GO) downgraded from Buy to Hold at Craig-Hallum; PT USD 7.50
Grocery Outlet (GO) downgraded from Outperform to Market Perform at Telsey; PT USD 9 (prev. USD 15)
Meta Platforms (META) downgraded from Buy to Neutral at Arete
Morgan Stanley (MS) downgraded from Buy to Hold at Erste Group
MicroVision (MVIS) downgraded from Buy to Hold at D. Boral Capital
Permian Resources (PR) downgraded from Buy to Hold at Benchmark
Sable Offshore (SOC) downgraded from Buy to Hold at Benchmark
StubHub (STUB) downgraded from Outperform to Neutral at Wedbush; PT USD 10
StubHub (STUB) downgraded from Overweight to Neutral at JPMorgan; PT USD 10
Talos Energy (TALO) downgraded from Buy to Hold at Benchmark
TKO Group (TKO) downgraded from Outperform to Peerperform at Wolfe Research
Tencent Music (TME) downgraded from Outperform to Neutral at Macquarie; PT USD 14.10 (prev. USD 28.30)
WEBTOON Entertainment (WBTN) downgraded from Buy to Neutral at Goldman Sachs; PT USD 10 (prev. USD 15)
Walmart (WMT) downgraded from Buy to Hold at Erste Group

INITIATIONS

Affirm Holdings (AFRM) initiated at Buy at BofA Securities; PT USD 82
AGBK Corp (AGBK) initiated at Buy at HSBC; PT USD 15
Applied Materials (AMAT) initiated at Hold at Erste Group
American Tower (AMT) initiated at Market Perform at Bernstein SocGen; PT USD 205
Climb Bio (CLYM) initiated at Outperform at Wedbush; PT USD 12
GEV Group (GEV) initiated at Buy at Erste Group
Klarna Group (KLAR) initiated at Buy at BofA Securities; PT USD 21
Mastercard (MA) initiated at Buy at BofA Securities; PT USD 700
PayPal (PYPL) initiated at Neutral at BofA Securities; PT USD 48
Avita Medical (RCEL) initiated at Outperform at Northland; PT USD 10
SBA Communications (SBAC) initiated at Market Perform at Bernstein SocGen; PT USD 218
SKYX Platforms (SKYX) initiated at Buy at Lake Street; PT USD 5
Sun Bancorp (SUNB) initiated at Neutral at JPMorgan; PT USD 78
Visa (V) initiated at Buy at BofA Securities; PT USD 410
Vanda Pharmaceuticals (VNDA) initiated at Buy at Truist Securities; PT USD 18
Block (XYZ) initiated at Buy at BofA Securities; PT USD 88