US BROKER MOVES: TRIP upgraded at BofA; AGX upgraded at JPM

UPGRADES Argan (AGX) Upgraded to Overweight at JPMorgan; PT USD 550 Brown-Forman (BF/B) Upgraded to Neutral at Citi; PT USD 28 Brown-Forman (BF/B) Upgraded to Neutral at JPMorgan; PT USD 27 Knight-Swift (KNX) Upgraded to Outperform at Evercore ISI; PT USD 65 PDD (PDD) ADRs Upgraded to Buy at Nomura Phathom Pharma (PHAT) Upgraded to Overweight at Barclays; PT USD 18 Primo Brands (PRMB) Upgraded to Buy at Jefferies; PT USD 25 Quanta Services (PWR) Upgraded to Outperform at BMO; PT USD 650 SPX Technologies (SPXC) Upgraded to Buy at Truist Secs; PT USD 244 Teleflex (TFX) Upgraded to Outperform at Raymond James; PT USD 128 TripAdvisor (TRIP) Upgraded to Buy at BofA; PT USD 15 DOWNGRADES Masimo (MASI) Downgraded to Market Perform at Raymond James Terns (TERN) Downgraded to Market Perform at BMO; PT USD 53 Upstream Bio (UPB) Downgraded to Inline at Evercore ISI; PT USD 15 INITIATIONS A2z Cust2Mate Solutions (AZ) Initiated at New Outperform at Northland Ametek (AME) Reinstated Outperform at BMO; PT USD 253 Arcosa (ACA) Initiated at New Buy at Texas Capital; PT USD 125 AtaiBeckley (ATAI) Initiated at New Buy at Deutsche Bank; PT USD 12 Barclays (BCS) ADRs Initiated at New Outperform at BNP Paribas; PT USD 29.20 BioAge Labs (BIOA) Initiated at New Buy at Needham; PT USD 50 Dover (DOV) Reinstated Market Perform at BMO; PT USD 237 Eaton Corp (ETN) Initiated at New Outperform at BMO; PT USD 428 Emerson Electric (EMR) Initiated at New Market Perform at BMO; PT USD 150 FuboTV (FUBO) Initiated at New Buy at B Riley; PT USD 18 Honeywell (HON) Initiated at New Outperform at BMO; PT USD 273 HSBC (HSBC) ADRs Initiated at New Outperform at BNP Paribas; PT USD 100.50 Idex (IEX) Reinstated Market Perform at BMO; PT USD 214 ITT Inc. (ITT) Initiated at New Outperform at BMO; PT USD 233 Kyivstar Group (KYIV) Initiated at New Buy at Benchmark; PT USD 20 NatWest (NWG) ADRs Initiated at New Neutral at BNP Paribas; PT USD 17.90 NLight (LASR) Initiated at New Outperform at William Blair Parker-Hannifin (PH) Reinstated Outperform at BMO; PT USD 1,090 Powell Industries (POWL) Initiated at New Buy at Texas Capital; PT USD 650 Santander (SAN) ADRs Initiated at New Outperform at BNP Paribas; PT USD 15.10 Sonida Senior Living (SNDA) Initiated at New Outperform at RBC; PT USD 39 SPX Technologies (SPXC) Initiated at New Outperform at BMO; PT USD 243 Thermo Fisher (TMO) Initiated at New Buy at DZ Bank; PT USD 610