US BROKER MOVES: WFC and BAC upgraded at HSBC; NKE downgraded at JPM, GS, and BofA after Q3 earnings report

UPGRADES

• Asana (ASAN) Upgraded to Sector Perform at RBC; PT USD 7
• Bank of America (BAC) Upgraded to Buy at HSBC; PT USD 55
• Disney (DIS) Upgraded to Outperform at Raymond James; PT USD 115
• nCino (NCNO) Upgraded to Overweight at Piper Sandler; PT USD 22
• PJT Partners (PJT) Upgraded to Buy at Goldman
• UnitedHealth (UNH) Upgraded to Outperform at Raymond James; PT USD 330
• Wells Fargo (WFC) Upgraded to Buy at HSBC; PT USD 94

DOWNGRADES

• Apellis Pharma (APLS) Downgraded to Neutral at HC Wainwright
• Apellis Pharma (APLS) Downgraded to Market Perform at Raymond James
• Apellis Pharma (APLS) Downgraded to Neutral at JPMorgan; PT USD 41
• Apellis Pharma (APLS) Downgraded to Neutral at Cantor
• Apellis Pharma (APLS) Downgraded to Hold at Stifel; PT USD 41
• Apellis Pharma (APLS) Downgraded to Neutral at Citi; PT USD 41
• Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Market Perform at Leerink
• First Citizens (FCNCA) Downgraded to Neutral at JPMorgan; PT USD 2,200
• Nike (NKE) Downgraded to Neutral at Goldman; PT USD 52
• Nike (NKE) Downgraded to Neutral at JPMorgan; PT USD 52
• Phreesia (PHR) Downgraded to Market Perform at Citizens
• PPG Industries (PPG) Downgraded to Neutral at Citi; PT USD 113

INITIATIONS

• Amcor (AMCR) Initiated at New Buy at Deutsche Bank; PT USD 50
• Americold Realty Trust (COLD) Initiated at New Neutral at Piper Sandler
• Arista Networks (ANET) Initiated at New Positive at Susquehanna; PT USD 160
• ATI Inc. (ATI) Initiated at New Overweight at Wells Fargo; PT USD 175
• Avery Dennison (AVY) Initiated at New Buy at Deutsche Bank; PT USD 200
• Baidu (BIDU) ADRs Initiated at New Outperform at BNP Paribas; PT USD 161
• Ball (BALL) Initiated at New Buy at Deutsche Bank; PT USD 72
• Boeing (BA) Initiated at New Overweight at Wells Fargo; PT USD 250
• Booz Allen (BAH) Reinstated Equal-Weight at Wells Fargo; PT USD 85
• BWX Technologies (BWXT) Reinstated Underweight at Wells Fargo; PT USD 200
• CACI (CACI) Reinstated Overweight at Wells Fargo; PT USD 725
• Caris Life Sciences (CAI) Initiated at New Buy at Goldman; PT USD 27
• Carpenter Tech (CRS) Initiated at New Equal-Weight at Wells Fargo; PT USD 400
• CrowdStrike (CRWD) Initiated at New Buy at Benchmark
• Crown Holdings (CCK) Initiated at New Buy at Deutsche Bank; PT USD 124
• Datadog (DDOG) Initiated at New Buy at Benchmark
• Entrada Therapeutics (TRDA) Initiated at New Overweight at Cantor
• General Dynamics (GD) Reinstated Overweight at Wells Fargo; PT USD 400
• General Electric Aerospace (GE) Reinstated Overweight at Wells Fargo
• Graphic Packaging (GPK) Initiated at New Hold at Deutsche Bank; PT USD 9.60
• Greenfire Resources (GFR) Initiated at New Outperform at National Bank
• Heico (HEI) Reinstated Equal-Weight at Wells Fargo; PT USD 290
• Hexcel (HXL) Reinstated Overweight at Wells Fargo; PT USD 95
• Howmet Aerospace (HWM) Reinstated Equal-Weight at Wells Fargo; PT USD 240
• Huntington Ingalls (HII) Reinstated Equal-Weight at Wells Fargo
• International Paper (IP) Initiated at New Hold at Deutsche Bank; PT USD 38
• Leidos (LDOS) Reinstated Equal-Weight at Wells Fargo; PT USD 165
• LeMaitre Vascular (LMAT) Initiated at New Hold at Freedom Capital; PT USD 113
• Lockheed (LMT) Reinstated Equal-Weight at Wells Fargo; PT USD 650
• Marex Group (MRX) Reinstated Buy at William O'Neil
• Marten Transport (MRTN) Initiated at New Outperform at Baird; PT USD 18
• Microsoft (MSFT) Initiated at New Buy at Benchmark
• Mobileye (MBLY) Initiated at New Buy at Berenberg; PT USD 9.30
• Northrop Grumman (NOC) Reinstated Overweight at Wells Fargo; PT USD 800
• Packaging Corp (PKG) Initiated at New Hold at Deutsche Bank; PT USD 225
• Palantir (PLTR) Initiated at New Hold at Benchmark
• Palo Alto Networks (PANW) Initiated at New Buy at Benchmark
• Pelthos Therapeutics (PTHS) Initiated at New Overweight at Cantor; PT USD 50
• Pony AI (PONY) ADRs Initiated at New Buy at HSBC; PT USD 16.60
• Rocket Lab (RKLB) Reinstated Equal-Weight at Wells Fargo; PT USD 60
• RTX Corp (RTX) Reinstated Equal-Weight at Wells Fargo; PT USD 200
• Sanmina (SANM) Initiated at New Neutral at Susquehanna; PT USD 135
• Sensient (SXT) Initiated at New Buy at UBS; PT USD 115
• ServiceNow (NOW) Initiated at New Buy at Benchmark
• Silgan (SLGN) Initiated at New Buy at Deutsche Bank; PT USD 52
• Snowflake (SNOW) Initiated at New Buy at Benchmark
• Sonoco (SON) Initiated at New Buy at Deutsche Bank; PT USD 63
• StandardAero (SARO) Initiated at New Overweight at Wells Fargo; PT USD 32
• Textron (TXT) Reinstated Equal-Weight at Wells Fargo; PT USD 92
• TransDigm (TDG) Reinstated Equal-Weight at Wells Fargo; PT USD 1,200
• Voyager Technologies (VOYG) Initiated at New Buy at TD Cowen; PT USD 35
• Voyager Technologies (VOYG) Initiated at New Underweight at Wells Fargo
• WeRide (WRD) ADRs Initiated at New Buy at HSBC; PT USD 11.40
• Woodward (WWD) Reinstated Overweight at Wells Fargo; PT USD 440