US BROKER MOVES: RGTI upgraded at B. Riley; H downgraded at Evercore ISI

UPGRADES

• Callaway Golf Co (CALY) Upgraded to Buy at B Riley; PT USD 19
• Capri Holdings (CPRI) Upgraded to Buy at TD Cowen; PT USD 32
• Capstone Copper (CS CN) Upgraded to Buy at Clarksons; PT CUSD 18
• Cencora (COR) Upgraded to Buy at Jefferies; PT USD 440
• Datadog (DDOG) Upgraded to Buy at Stifel; PT USD 160
• Elanco Animal Health (ELAN) Upgraded to Overweight at Piper Sandler
• Enhabit (EHAB) Upgraded to Outperform at Oppenheimer; PT USD 14
• Microchip (MCHP) Upgraded to Outperform at BNP Paribas; PT USD 90
• Old National (ONB) Upgraded to Buy at TD Cowen; PT USD 30
• ON Semi (ON) Upgraded to Neutral at BNP Paribas; PT USD 62
• Rigetti Computing (RGTI) Upgraded to Buy at B Riley; PT USD 35
• Simmons First (SFNC) Upgraded to Outperform at Raymond James; PT USD 23
• SmartFinancial (SMBK) Upgraded to Outperform at Hovde Group; PT USD 48
• Sphere Entertainment (SPHR) Upgraded to Buy at BTIG; PT USD 110
• Spotify (SPOT) Upgraded to Accumulate at Inderes; PT USD 590
• Tempest Therapeutics Inc (TPST) Upgraded to Buy at HC Wainwright; PT USD 11
• Texas Instruments (TXN) Upgraded to Neutral at BNP Paribas; PT USD 190
• Umicore (UMI BB) ADRs Upgraded to Buy at Berenberg; PT USD 6.88
• Vertex Pharmaceuticals (VRTX) Upgraded to Outperform at RBC; PT USD 546

DOWNGRADES

• Acadia Health (ACHC) Downgraded to Hold at Jefferies; PT USD 15
• AGNC Investment (AGNC) Downgraded to Neutral at Jones
• Amicus (FOLD) Downgraded to Hold at Jefferies; PT USD 14.50
• Apogee Therapeutics (APGE) Downgraded to Sector Perform at RBC; PT USD 83
• Chemed (CHE) Downgraded to Hold at Jefferies; PT USD 475
• Crocs (CROX) Downgraded to Sector Weight at KeyBanc
• GoodRx Holdings (GDRX) Downgraded to Hold at Jefferies; PT USD 2.75
• Hyatt (H) Downgraded to Inline at Evercore ISI; PT USD 175
• LCI Industries (LCII) Downgraded to Hold at Loop Capital; PT USD 149
• Legend Biotech (LEGN) ADRs Downgraded to Hold at TD Cowen; PT USD 21
• Qiagen (QGEN) Downgraded to Hold at Deutsche Bank; PT USD 54
• Zoetis (ZTS) Downgraded to Neutral at Piper Sandler; PT USD 135

INITIATIONS

• Bentley Systems (BSY) Initiated at New Outperform at BMO; PT USD 48
• CareTrust REIT (CTRE) Reinstated Market Outperform at Citizens; PT USD 44
• Cognizant (CTSH) Initiated at New Buy at Berenberg; PT USD 107
• Costco (COST) Reinstated Add at CTBC Securities; PT USD 1,050
• Dycom Industries (DY) Initiated at New Buy at Guggenheim; PT USD 510
• Everus Construction Group (ECG) Initiated at New Neutral at Guggenheim
• Evommune (EVMN) Initiated at New Outperform at Oppenheimer; PT USD 42
• Genius Sports (GENI) Initiated at New Hold at Stifel; PT USD 10
• Great Lakes Dredge (GLDD) Initiated at New Overweight at JPMorgan; PT USD 20
• Karman Holdings (KRMN) Initiated at New Neutral at Piper Sandler; PT USD 98
• Kratos (KTOS) Initiated at New Neutral at Piper Sandler; PT USD 99
• MGP Ingredients (MGPI) Initiated at New Buy at Benchmark; PT USD 35
• Micron (MU) Initiated at New Outperform at William Blair
• Orion Group (ORN) Initiated at New Overweight at JPMorgan; PT USD 16
• Palantir (PLTR) Initiated at New Buy at Phillip Secs; PT USD 208
• Rambus (RMBS) Initiated at New Outperform at William Blair
• Silicon Motion (SIMO) ADRs Initiated at New Outperform at William Blair
• Sportradar (SRAD) Initiated at New Buy at Stifel; PT USD 28