US BROKER MOVES: MS upgraded at UBS; ARM downgraded at UBS

UPGRADES Arista Networks (ANET) Upgraded to Buy at Rosenblatt Securities Inc Associated Banc (ASB) Upgraded to Overweight at Barclays Centerspace (CSR) Upgraded to Overweight at Piper Sandler; PT USD 72 East West Bancorp (EWBC) Upgraded to Buy at UBS; PT USD 125 FB Financial (FBK) Upgraded to Strong Buy at Raymond James; PT USD 62 Flagstar Bank (FLG) Upgraded to Buy at Truist Secs; PT USD 17 MercadoLibre (MELI) Upgraded to Buy at Jefferies Morgan Stanley (MS) Upgraded to Buy at UBS; PT USD 196 Old Dominion (ODFL) Upgraded to Equal-Weight at Wells Fargo; PT USD 200 Q2 Holdings (QTWO) Upgraded to Outperform at Baird; PT USD 70 Rocket Lab (RKLB) Upgraded to Market Outperform at Citizens; PT USD 85 Third Coast (TCBX) Upgraded to Outperform at Raymond James; PT USD 45 Wingstop (WING) Upgraded to Buy at Citi; PT USD 230 DOWNGRADES Adecoagro (AGRO) Downgraded to Neutral at Banco BTG Pactual; PT USD 16 ARM Holdings (ARM) ADRs Downgraded to Equal-Weight at Morgan Stanley; PT USD 150 Bio-Rad (BIO) Downgraded to Neutral at Citi; PT USD 300 D.R. Horton (DHI) Downgraded to Neutral at Seaport Global Securities Equinix (EQIX) Downgraded to Sector Perform at Scotiabank; PT USD 1,050 First Horizon (FHN) Downgraded to Neutral at UBS First Interstate Banc (FIBK) Downgraded to Sell at UBS; PT USD 30 Insulet (PODD) Downgraded to Neutral at Citi; PT USD 230 KB Home (KBH) Downgraded to Sell at Seaport Global Securities; PT USD 43 Lennar (LEN) Downgraded to Sell at Seaport Global Securities; PT USD 74 LSB Industries (LXU) Downgraded to Sector Perform at RBC; PT USD 14 M/I Homes (MHO) Downgraded to Neutral at Seaport Global Securities NVR (NVR) Downgraded to Sell at Seaport Global Securities; PT USD 5,664 Park Hotels (PK) Downgraded to Equal-Weight at Barclays; PT USD 9 PulteGroup (PHM) Downgraded to Sell at Seaport Global Securities; PT USD 100 Red River (RRBI) Downgraded to Market Perform at Raymond James Soleno (SLNO) Downgraded to Hold at TD Cowen; PT USD 53 Soleno (SLNO) Downgraded to Hold at Stifel; PT USD 53 Soleno (SLNO) Downgraded to Market Perform at Oppenheimer Soleno (SLNO) Downgraded to Neutral at Baird; PT USD 53 Taylor Morrison (TMHC) Downgraded to Sell at Seaport Global Securities; PT USD 49 Toll Brothers (TOL) Downgraded to Neutral at Seaport Global Securities TopBuild (BLD) Downgraded to Neutral at Seaport Global Securities Tractor Supply (TSCO) Downgraded to Neutral at BofA; PT USD 47 Wix.com (WIX) Downgraded to Market Perform at Citizens INITIATIONS CAAP (CAAP) Initiated at New Outperform at Grupo Santander; PT USD 36 Equillium (EQ) Initiated at New Overweight at Cantor; PT USD 10 Forum Markets (FRMM) Initiated at New Speculative Buy at Benchmark; PT USD 5 Generali (G IM) ADRs Initiated at New Underperform at BNP Paribas; PT USD 18 Madison Square Garden Entertainment (MSGE) Initiated at New Buy at BTIG MapLight Therapeutics (MPLT) Initiated at New Buy at TD Cowen National Fuel Gas (NFG) Initiated at New Overweight at KeyBanc; PT USD 110 Navan (NAVN) Initiated at New Buy at BofA; PT USD 17 PayPay (PAYP) ADRs Initiated at New Buy at Goldman; PT USD 29 Permian Resources (PR) Initiated at New Overweight at KeyBanc; PT USD 25 PicS (PICS) Initiated at New Outperform at Bradesco BBI; PT USD 21 Quad/Graphics (QUAD) Initiated at New Buy at Benchmark; PT USD 10 Rank One Computing (ROC) Initiated at New Buy at Benchmark; PT USD 9 Sharplink (SBET) Initiated at New Buy at HC Wainwright; PT USD 10 Sutro Biopharma (STRO) Initiated at New Outperform at Leerink; PT USD 38