US BROKER MOVES: OXY double upgraded at Wells Fargo, GIS downgraded

UPGRADES

• Aptiv (APTV) upgraded from Neutral to Buy at UBS; PT $97.00 (prev. $89.00)
• Bumble (BMBL) upgraded from Underweight to Neutral at JPMorgan
• Dow (DOW) upgraded from Neutral to Buy at Citi; PT $40.00 (prev. $28.00)
• Kinross Gold (KGC) upgraded from Sector Perform to Outperform at RBC Capital; PT $45.00
• LyondellBasell (LYB) upgraded from Neutral to Buy at Citi; PT $76.00 (prev. $49.00)
• Murphy Oil (MUR) upgraded from Neutral to Overweight at Piper Sandler; PT $41.00 (prev. $33.00)
• Nutrien (NTR) upgraded from Hold to Buy at Jefferies; PT $96.00 (prev. $74.00)
• Occidental Petroleum (OXY) upgraded from Neutral to Overweight at Piper Sandler; PT $66.00 (prev. $54.00)
• Occidental Petroleum (OXY) upgraded from Underweight to Overweight at Wells Fargo; PT $69.00 (prev. $47.00)
• Pampa Energia (PAM) upgraded from Hold to Buy at HSBC; PT $97.00 (prev. $88.00)
• UiPath (PATH) upgraded from Hold to Buy at Needham; PT $15.00
• Ryanair Holdings (RYAAY) upgraded from In Line to Outperform at Evercore ISI; PT $80.00 (prev. $75.00)
• SSR Mining (SSRM) upgraded from Neutral to Outperformer at CIBC; PT $48.00
• Target Hospitality (TH) upgraded from Hold to Buy at Texas Capital Securities; PT $12.00 (prev. $9.00)
• TPG RE Finance Trust (TRTX) upgraded from Market Perform to Market Outperform at Citizens; PT $10.00
• Petco Health and Wellness (WOOF) upgraded from Hold to Buy at Jefferies

DOWNGRADES

• Conagra Brands (CAG) downgraded from Equal Weight to Underweight at Wells Fargo; PT $15.00 (prev. $20.00)
• Campbell’s (CPB) downgraded from Equal Weight to Underweight at Wells Fargo; PT $20.00 (prev. $28.00)
• Farmland Partners (FPI) downgraded from Outperform to Market Perform at Raymond James
• General Mills (GIS) downgraded from Equal Weight to Underweight at Wells Fargo; PT $35.00 (prev. $45.00)
• Generac Holdings (GNRC) downgraded from Buy to Neutral at Citi; PT $237.00 (prev. $207.00)
• MercadoLibre (MELI) downgraded from Overweight to Neutral at JPMorgan; PT $2,100.00 (prev. $2,650.00)
• Scorpio Tankers (STNG) downgraded from Buy to Hold at DNB Carnegie; PT $76.00
• Vale (VALE) downgraded from Outperform to Sector Perform at RBC Capital; PT $15.50 (prev. $14.50)
• Telefonica Brasil (VIV) downgraded from Overweight to Equalweight at Barclays; PT $16.00 (prev. $14.50)

INITIATIONS

• BWX Technologies (BWXT) initiated Buy at TD Cowen; PT $230.00
• Pathward Financial (CASH) initiated Overweight at Piper Sandler; PT $107.00
• Customers Bancorp (CUBI) initiated Overweight at Piper Sandler; PT $82.00
• Enovix (ENVX) initiated Neutral at BofA Securities; PT $6.00
• Ituran Location and Control (ITRN) initiated Buy at Maxim Group; PT $70.00
• Lear (LEA) initiated Sector Perform at RBC Capital; PT $135.00
• Prime Medicine (PRME) initiated Outperform at Oppenheimer; PT $11.00
• The Bancorp (TBBK) initiated Overweight at Piper Sandler; PT $66.00
• vTv Therapeutics (VTVT) initiated Outperform at Evercore ISI; PT $44.00