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