| UPGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Apellis Pharmaceuticals | APLS | JP Morgan | Neutral>>Overweight | $60>>$81 |
| Eaton | ETN | JP Morgan | Neutral>>Overweight | $230 |
| Trane | TT | JP Morgan | Underweight>>Neutral | $191 |
| Wesco | WCC | JP Morgan | Neutral>>Overweight | $180 |
| Vale S.A. | VALE | UBS | Sell>>Neutral | |
| BHP Group | BHP | UBS | Sell>>Neutral | |
| Columbia Banking | COLB | UBS | Sell>>Neutral | $18>>$21 |
| UBS AG | UBS | Exane BNP Paribas | Neutral>>Outperform | |
| Xcel Energy | XEL | BofA Securities | Neutral>>Buy | $58>>$66 |
| Clearway Energy | CWEN | BofA Securities | Neutral>>Buy | $29>>$27 |
| Rio Tinto | RIO | UBS | Sell>>Neutral | |
| Bunzl PLC | BZLFY | Barclays | Underweight>>Equal Weight | |
| Buzzi Unicem SpA | BZZUY | HSBC Securities | Hold>>Buy | |
| Cambridge Bancorp | CATC | Keefe Bruyette | Mkt Perform>>Outperform | $56>>$79.3 |
| e.l.f. Beauty | ELF | Jefferies | Hold>>Buy | $110>>$115 |
| TE Connectivity | TEL | TD Cowen | Market Perform>>Outperform | $115>>$140 |
| Frontdoor | FTDR | Truist | Hold>>Buy | $40>>$42 |
| HeidelbergCement | HDELY | HSBC Securities | Hold>>Buy | |
| Imperial Brands | IMBBY | Citigroup | Neutral>>Buy | |
| Shoals Technologies | SHLS | Piper Sandler | Neutral>>Overweight | $28 |
| Renault | RNSDF | Barclays | Underweight>>Equal Weight | |
| Man Group | MNGPF | Exane BNP Paribas | Neutral>>Outperform | |
| Kemper | KMPR | Piper Sandler | Neutral>>Overweight | $55>>$47 |
| Formula One Group | FWONA | Citigroup | Neutral>>Buy | $71 |
| | | | |
| DOWNGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| AutoZone | AZO | Oppenheimer | Outperform>>Perform | $2850>>$2600 |
| O’Reilly Auto | ORLY | Oppenheimer | Outperform>>Perform | $1000>>$930 |
| Carrier Global | CARR | JP Morgan | Neutral>>Underweight | $53 |
| AES | AES | UBS | Buy>>Neutral | $22>>$13 |
| LCI Industries | LCII | DA Davidson | Neutral>>Underperform | $113>>$91 |
| Univest Corp. of PA | UVSP | Keefe Bruyette | Outperform>>Mkt Perform | $24>>$20 |
| PTC Therapeutics | PTCT | Truist | Buy>>Hold | $45>>$25 |
| | | | |
| NEW COVERAGE | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| AMC Networks | AMCX | Seaport Research Partners | Buy | $16 |
| Comcast | CMCSA | Seaport Research Partners | Buy | $53 |
| Walt Disney | DIS | Seaport Research Partners | Buy | $93 |
| Fox Corporation | FOXA | Seaport Research Partners | Neutral | |
| fuboTV | FUBO | Seaport Research Partners | Neutral | |
| Netflix | NFLX | Seaport Research Partners | Buy | $482,00 |
| Paramount Global | PARA | Seaport Research Partners | Buy | $17 |
| Warner Bros. Discovery | WBD | Seaport Research Partners | Buy | $19,00 |
| ImmunoGen | IMGN | Oppenheimer | Perform | $16,00 |
| Sutro Biopharma | STRO | Oppenheimer | Outperform | $10,00 |
| Brookfield Asset Mgmt | BAM | HSBC Securities | Buy | $39,00 |
| Blackstone | BX | HSBC Securities | Hold | $113,00 |
| MarketAxess | MKTX | UBS | Buy | $285,00 |
| Roku | ROKU | Seaport Research Partners | Neutral | |
| Charter Comm | CHTR | Bernstein | Mkt Perform | $463 |
| Comcast | CMCSA | Bernstein | Mkt Perform | $46 |
| Walt Disney | DIS | Bernstein | Outperform | $103,00 |
| Fox Corporation | FOXA | Bernstein | Mkt Perform | $32,00 |
| Netflix | NFLX | Bernstein | Mkt Perform | $375 |
| Paramount Global | PARA | Bernstein | Underperform | $11,00 |
| WK Kellogg Co | KLG | Stifel | Hold | $11,00 |
| Lions Gate Entertainment | LGF.A | Seaport Research Partners | Buy | $12 |
| Warner Bros. Discovery | WBD | Bernstein | Outperform | $19,00 |
| Atlas Copco AB | ATLKY | Barclays | Underweight | |
| Fiserv | FI | TD Cowen | Outperform | $136 |
| Fidelity Nat’l Info | FIS | TD Cowen | Market Perform | $56,00 |
| Global Payments | GPN | TD Cowen | Outperform | $150,00 |
| PayPal | PYPL | TD Cowen | Market Perform | $66,00 |
| Block | SQ | TD Cowen | Outperform | $59,00 |
| Vestis | VSTS | Barclays | Equal Weight | $17,00 |
| UniFirst | UNF | Barclays | Equal Weight | $160,00 |
| Shift4 Payments | FOUR | Berenberg | Buy | $87,00 |
| NuStar Energy | NS | Citigroup | Neutral | $17,00 |
| Veralto | VLTO | Citigroup | Neutral | $87,00 |
| NiSource | NI | Ladenburg Thalmann | Buy | $25,00 |
| Laureate Education | LAUR | Jefferies | Buy | $20,00 |
| RayzeBio | RYZB | William Blair | Outperform | |
| Stagwell | STGW | Craig Hallum | Buy | $8,00 |
| ConnectOne Bancorp | CNOB | Hovde Group | Outperform | $21,00 |
| First Horizon | FHN | Wedbush | Neutral | $12,00 |
| Oculis Holding AG | OCS | Stifel | Buy | $35,00 |
| Ares Management | ARES | Wolfe Research | Outperform | $133,00 |
| Blackstone | BX | Wolfe Research | Peer Perform | |
| Carlyle Group | CG | Wolfe Research | Peer Perform | |
| KKR | KKR | Wolfe Research | Outperform | $75,00 |
| Blue Owl Capital | OWL | Wolfe Research | Outperform | $16,00 |
| Howmet Aerospace | HWM | Northcoast | Neutral | |
| Fabrinet | FN | Rosenblatt | Buy | $230,00 |
| Instacart | CART | Bernstein | Mkt Perform | $30,00 |
| Capcom | CCOEY | Bernstein | Mkt Perform | |
| Elekta AB | EKTAY | Barclays | Underweight | |
| Lithium Argentina | LAAC | Stifel | Buy | $18,50 |
| Lithium Americas | LAC | Stifel | Buy | $15,00 |
| Nintendo | NTDOY | Bernstein | Mkt Perform | |
| Pembina Pipeline | PBA | Citigroup | Neutral | |
| Straumann AG | SAUHY | Barclays | Overweight | |
| Vestis | VSTS | Redburn Atlantic | Overweight | $29,00 |
| Lithium Argentina | LAAC | Scotiabank | Sector Perform | $10,00 |
| Lithium Americas | LAC | Scotiabank | Sector Outperform | $20,00 |
| Acrivon Therapeutics | ACRV | Maxim Group | Buy | |
