US BROKER MOVES: RIOT upgraded at Jefferies; DKNG downgraded at Berenberg

UPGRADES Magnolia Oil & Gas (MGY) Upgraded from Neutral to Buy at Gerdes Energy Research; PT USD 29 Morgan Stanley Direct Lending Fund (MSDL) Upgraded from Neutral to Buy at UBS; PT USD 14.50 Cloudflare (NET) Upgraded from Sell to Buy at DZ Bank; PT USD 300 Orion (OEC) Upgraded from Underweight to Neutral at JPMorgan Riot Platforms (RIOT) Upgraded from Hold to Buy at Jefferies; PT USD 28 Southern Copper (SCCO) Upgraded from Sell to Neutral at UBS; PT USD 180 Securitize (SECZ) Upgraded from Neutral to Buy at Citi; PT USD 14 Senseonics (SENS) Upgraded from Underperform to Market Perform at Raymond James Sarepta Therapeutics (SRPT) Upgraded from Sell to Hold at Deutsche Bank; PT USD 18 Zentalis Pharmaceuticals (ZNTL) Upgraded from Neutral to Outperform at Wedbush; PT USD 6 DOWNGRADES Academy Sports and Outdoors (ASO) Downgraded from Buy to Hold at Loop Capital Peabody Energy (BTU) Downgraded from Buy to Hold at Jefferies; PT USD 18 Carlyle Group (CG) Downgraded from Buy to Neutral at UBS; PT USD 47 DraftKings (DKNG) Downgraded from Buy to Hold at Berenberg; PT USD 20 EVgo (EVGO) Downgraded from Outperform to Sector Perform at RBC Capital; PT USD 2 EVgo (EVGO) Downgraded from Buy to Neutral at Roth/MKM; PT USD 2 Trex (TREX) Downgraded from Buy to Neutral at DA Davidson Vistance Networks (VISN) Downgraded from Outperform to Market Perform at Northland; PT USD 4 Wix.com (WIX) Downgraded from Buy to Underperform at BofA Securities; PT USD 68 INITIATIONS Alvotech (ALVO) Initiated at Buy at Jefferies; PT USD 9 American Public Education (APEI) Initiated at Buy at DA Davidson City Therapeutics (CTY) Initiated at Early-Stage Biotech at Goldman Sachs City Therapeutics (CTY) Initiated at Buy at Jefferies; PT USD 32 City Therapeutics (CTY) Initiated at Outperform at Oppenheimer; PT USD 46 City Therapeutics (CTY) Initiated at Buy at Stifel; PT USD 34 Viant Technology (DSP) Initiated at Buy at DA Davidson EMCOR Group (EME) Initiated at Neutral at JPMorgan; PT USD 700 East West Bancorp (EWBC) Initiated at Outperform at Hovde Group; PT USD 153 Comfort Systems USA (FIX) Initiated at Overweight at JPMorgan; PT USD 1,700 Iambic Therapeutics (IAM) Initiated at Buy at Jefferies; PT USD 35 MongoDB (MDB) Initiated at Buy at BTIG; PT USD 417 Mentari Therapeutics (MTRI) Initiated at Buy at Jefferies; PT USD 30 Mentari Therapeutics (MTRI) Initiated at Buy at Stifel; PT USD 30 ONEOK (OKE) Initiated at Equalweight at Barclays; PT USD 94 Palantir (PLTR) Initiated at Buy at Fubon; PT USD 200 Philip Morris International (PM) Initiated at Neutral at JPMorgan; PT USD 200 Sterling Infrastructure (STRL) Initiated at Overweight at JPMorgan; PT USD 585 The Trade Desk (TTD) Initiated at Neutral at DA Davidson