US BROKER MOVES: NFLX upgraded at Phillip Securities; APP upgraded at Needham

UPGRADES

• AppLovin (APP) Upgraded to Buy at Needham; PT USD 700
• Cisco (CSCO) Upgraded to Outperform at Evercore ISI; PT USD 100
• Cognizant (CTSH) Upgraded to Buy at Deutsche Bank; PT USD 100
• Corpay (CPAY) Upgraded to Overweight at Morgan Stanley; PT USD 379
• Meta (META) Upgraded to Buy at Rothschild & Co Redburn; PT USD 900
• Netflix (NFLX) Upgraded to Accumulate at Phillip Secs; PT USD 100
• Relay Therapeutics (RLAY) Upgraded to Outperform at Oppenheimer; PT USD 14
• Solventum (SOLV) Upgraded to Overweight at KeyBanc; PT USD 97
• Stewart Information (STC) Upgraded to Outperform at KBW; PT USD 81

DOWNGRADES

• Amazon (AMZN) Downgraded to Accumulate at Phillip Secs; PT USD 290
• BOK Financial (BOKF) Downgraded to Neutral at DA Davidson; PT USD 135
• Clearwater Analytics (CWAN) Downgraded to Neutral at UBS; PT USD 24.55
• IO Biotech (IOBT) Downgraded to Neutral at Piper Sandler; PT 50 cents
• Lifetime Brands (LDOWNGRADED) Downgraded to Hold at Canaccord; PT USD 3.50
• Royal Gold (RGLD) Downgraded to Sector Perform at Scotiabank; PT USD 335
• Varonis Systems (VRNS) Downgraded to Equal-Weight at Morgan Stanley; PT USD 41

INITIATIONS

• AAR (AIR) Initiated at New Neutral at Goldman; PT USD 121
• AMD (AMD) Reinstated Buy at William O'Neil
• Belite Bio (BLTE) ADRs Initiated at New Buy at BofA; PT USD 195
• BKV (BKV) Initiated at New Buy at William O'Neil
• Chime Financial (CHYM) Initiated at New Neutral at Rothschild & Co Redburn
• Compass (COMP) Initiated at New Overweight at JPMorgan; PT USD 15
• Dutch Bros (BROS) Initiated at New Buy at Citi; PT USD 82
• Evercore (EVR) Initiated at New Buy at BofA; PT USD 435
• Exponent (EXPO) Initiated at New Overweight at JPMorgan; PT USD 100
• Fannie Mae (FNMA) Initiated at New Buy at BTIG; PT USD 20
• Freddie Mac (FMCC) Initiated at New Buy at BTIG; PT USD 20
• Lazard (LAZ) Initiated at New Buy at BofA; PT USD 65
• Moelis & Co (MC) Initiated at New Neutral at BofA; PT USD 81
• Piper Sandler (PIPR) Initiated at New Underperform at BofA; PT USD 385
• Verra Mobility (VRRM) Initiated at New Neutral at JPMorgan; PT USD 25
• Xylem (XYL) Initiated at New Outperform at William Blair