US BROKER MOVES: TGT upgraded at Bernstein and Telsey; LZ downgraded at Barclays

UPGRADES

• American Electric Power (AEP) upgraded from Neutral to Buy at Ladenburg Thalmann; PT USD 148
• Cementos Pacasmayo (CPAC) upgraded from Underweight to Neutral at JPMorgan; PT USD 13 (from USD 7.50)
• Dow (DOW) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 38
• LyondellBasell (LYB) upgraded from Sector Weight to Overweight at KeyBanc; PT USD 73
• Intellia Therapeutics (NTLA) upgraded from Hold to Buy at Jones Trading; PT USD 29
• Piper Sandler (PIPR) upgraded from Market Perform to Outperform at Northland
• Ross Stores (ROST) upgraded from Market Perform to Outperform at Telsey; PT USD 240 (from USD 220)
• Southern Co (SO) upgraded from Underweight to Sector Weight at KeyBanc
• Sempra Energy (SRE) upgraded from Hold to Buy at Argus
• Target (TGT) upgraded from Market Perform to Outperform at Telsey; PT USD 145 (from USD 110)
• Target (TGT) upgraded from Underperform to Market Perform at Bernstein; PT USD 116 (from USD 91)
• Asbury Automotive Group (ABG) initiated at Buy at BofA Securities; PT USD 255

DOWNGRADES

• Avient (AVNT) downgraded from Overweight to Sector Weight at KeyBanc
• CME Group (CME) downgraded from Buy to Hold at Argus
• Cooper Companies (COO) downgraded from Buy to Neutral at Rothschild Redburn; PT USD 85 (from USD 92)
• Alpha Tau Medical (DRTS) downgraded from Overweight to Neutral at Piper Sandler; PT USD 5
• First Solar (FSLR) downgraded from Buy to Hold at GLJ Research
• GitLab (GTLB) downgraded from Overweight to Neutral at Piper Sandler; PT USD 28 (from USD 55)
• GXO Logistics (GXO) downgraded from Buy to Neutral at Goldman Sachs; PT USD 68
• Iterum Therapeutics (ITRM) downgraded from Buy to Hold at Maxim Group
• LegalZoom (LZ) downgraded from Equalweight to Underweight at Barclays; PT USD 6 (from USD 9)
• Select Medical (SEM) downgraded from Buy to Hold at Benchmark
• Select Medical (SEM) downgraded from Buy to Hold at Deutsche Bank; PT USD 16.50 (from USD 16.20)
• Stabilis Solutions (SLNG) downgraded from Buy to Hold at Maxim Group
• Theravance Biopharma (TBPH) downgraded from Buy to Neutral at B. Riley; PT USD 14 (from USD 28)
• Vulcan Materials (VMC) downgraded from Overweight to Neutral at JPMorgan; PT USD 320 (from USD 335)
• WEBTOON Entertainment (WBTN) downgraded from Buy to Hold at HSBC; PT USD 11.50

INITIATIONS

• Adient (ADNT) initiated at Underperform at BofA Securities; PT USD 22
• Aptiv (APTV) initiated at Buy at BofA Securities; PT USD 95
• BorgWarner (BWA) initiated at Neutral at BofA Securities; PT USD 60
• Chimerix (CHYM) initiated at Overweight at KeyBanc; PT USD 30
• Dauch Corp. (DCH) initiated at Neutral at BofA Securities; PT USD 10
• Ford Motor (F) initiated at Buy at BofA Securities; PT USD 17
• General Motors (GM) initiated at Buy at BofA Securities; PT USD 105
• Group 1 Automotive (GPI) initiated at Buy at BofA Securities; PT USD 430
• Inhibikase Therapeutics (IKT) initiated at Buy at Ladenburg Thalmann; PT USD 4
• Lithia Motors (LAD) initiated at Neutral at BofA Securities; PT USD 335
• Lucid Group (LCID) initiated at Underperform at BofA Securities; PT USD 10
• Lear (LEA) initiated at Neutral at BofA Securities; PT USD 137
• Magna International (MGA) initiated at Buy at BofA Securities; PT USD 80
• Roblox (RBLX) initiated at Neutral at DA Davidson; PT USD 65
• Rivian Automotive (RIVN) initiated at Underperform at BofA Securities; PT USD 14
• Sonic Automotive (SAH) initiated at Neutral at BofA Securities; PT USD 76
• SPX Technologies (SPXC) initiated at Overweight at JPMorgan; PT USD 260
• Protara Therapeutics (TARA) initiated at Overweight at JPMorgan; PT USD 27
• Protara Therapeutics (TARA) initiated at Overweight at JPMorgan; PT USD 27
• Terex (TEX) initiated at Neutral at JPMorgan; PT USD 76
• Tesla (TSLA) initiated at Buy at BofA Securities; PT USD 460