US BROKER MOVES: ZM upgraded at Wolfe; QCOM downgraded at BofA

UPGRADES

• Adient (ADNT) Upgraded to Buy at Deutsche Bank; PT USD 33
• Celanese (CE) Upgraded to Buy at Jefferies; PT USD 86
• DigitalOcean (DOCN) Upgraded to Overweight at Cantor; PT USD 68
• FuboTV (FUBO) Upgraded to Buy at Seaport Global Securities; PT USD 3
• Jack Henry (JKHY) Upgraded to Overweight at Stephens; PT USD 205
• Jack Henry (JKHY) Upgraded to Outperform at Baird; PT USD 205
• Snap (SNAP) Upgraded to Buy at B Riley; PT USD 10
• Uber (UBER) Upgraded to Market Outperform at Citizens; PT USD 100
• Varonis Systems (VRNS) Upgraded to Buy at DA Davidson; PT USD 30
• Zegna Group (ZGN) Upgraded to Buy at UBS; PT USD 11.50
• Zoom Communications (ZM) Upgraded to Outperform at Wolfe; PT USD 115

DOWNGRADES

• Americold Realty Trust (COLD) Downgraded to Underperform at BofA; PT USD 13
• Cabot Corp (CBT) Downgraded to Neutral at Mizuho Securities; PT USD 75
• Corteva (CTVA) Downgraded to Neutral at JPMorgan
• Emerson Electric (EMR) Downgraded to Hold at Deutsche Bank
• First Interstate Banc (FIBK) Downgraded to Equal-Weight at Stephens
• Fox Corp (FOXA) Downgraded to Equal-Weight at Wells Fargo; PT USD 75
• Kemper (KMPR) Downgraded to Market Perform at Citizens
• KKR Real Estate Finance (KREF) Downgraded to Neutral at BTIG
• Microsoft (MSFT) Downgraded to Hold at Stifel; PT USD 392
• Old Dominion (ODFL) Downgraded to Underperform at Baird; PT USD 204
• Public Storage (PSA) Downgraded to Equal-Weight at Wells Fargo; PT USD 295
• Qualcomm (QCOM) Downgraded to Neutral at BofA; PT USD 155
• Six Flags (FUN) Downgraded to Neutral at Citi; PT USD 20
• Smartstop Self Storage REIT (SMA) Downgraded to Equal-Weight at Wells Fargo
• Steven Madden (SHOO) Downgraded to Underperform at Jefferies; PT USD 30
• TechnipFMC (FTI) Downgraded to Neutral at Oddo BHF
• TransDigm (TDG) Downgraded to Sector Weight at KeyBanc
• Webster Financial (WBS) Downgraded to Neutral at UBS; PT USD 75
• Webster Financial (WBS) Downgraded to Equal-Weight at Barclays; PT USD 75

INITIATIONS

• Andersons (ANDE) Initiated at New Buy at Benchmark; PT USD 75
• Cava Group (CAVA) Initiated at New Buy at Benchmark; PT USD 80
• Coupang (CPNG) Initiated at New Underperform at Bernstein; PT USD 17
• Incyte (INCY) Initiated at New Buy at HC Wainwright; PT USD 135
• Karyopharm (KPTI) Reinstated Overweight at Cantor
• Louisiana-Pacific (LPX) Initiated at New Outperform at Oppenheimer; PT USD 115
• Stoke Therapeutics (STOK) Initiated at New Buy at Guggenheim; PT USD 60
• Trinity Capital (TRIN) Initiated at New Buy at Clear Street; PT USD 18