U.S. Markets

US BROKER MOVES: GFS upgraded at Susquehanna; MNST upgraded at Rothschild & Redburn

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UPGRADES AMC Entertainment (AMC) Upgraded to Buy at Benchmark; PT USD 2.50 AMD (AMD) Upgraded to Outperform at Bernstein; PT USD 525 AMD (AMD) Upgraded to Buy at Goldman; PT USD 450 American Eagle (AEO) Upgraded to Equal-Weight at Barclays; PT USD 19 Arthur J Gallagher (AJG) Upgraded to Buy at Citi; PT USD 250 Ashland (ASH) Upgraded to Buy at Seaport Global Securities; PT USD 75 Brown & Brown (BRO) Upgraded to Buy at Citi; PT USD 70 DaVita (DVA) Upgraded to Buy at Deutsche Bank; PT USD 220 Deckers Outdoor (DECK) Upgraded to Market Perform at Bernstein; PT USD 100 Franklin Resources (BEN) Upgraded to Equal-Weight at Morgan Stanley GlobalFoundries (GFS) Upgraded to Positive at Susquehanna; PT USD 100 Grab Holdings (GRAB) Upgraded to Buy at China Renaissance; PT USD 5 LCI Industries (LCII) Upgraded to Buy at Roth Capital Partners; PT USD 164 Marsh McLennan (MRSH) Upgraded to Buy at Citi; PT USD 200 Monster Beverage (MNST) Upgraded to Buy at Rothschild & Co Redburn PayPal (PYPL) Upgraded to Outperform at Daiwa Sphere Entertainment (SPHR) Upgraded to Buy at Benchmark; PT USD 155 United Fire (UFCS) Upgraded to Overweight at Piper Sandler; PT USD 45 VF Corp (VFC) Upgraded to Buy at BTIG; PT USD 23 Vivid Seats (SEAT) Upgraded to Neutral at BofA; PT USD 7.25 Wells Fargo (WFC) Upgraded to Buy at Phillip Secs; PT USD 98 Willis Towers (WTW) Upgraded to Buy at Citi; PT USD 300 DOWNGRADES Abercrombie & Fitch (ANF) Downgraded to Underweight at Barclays; PT USD 76 AGI (AGBK) Downgraded to Market Perform at Itau BBA; PT USD 9 BellRing Brands (BRBR) Downgraded to Market Perform at Bernstein; PT USD 11 BellRing Brands (BRBR) Downgraded to Equal-Weight at Morgan Stanley; PT USD 13 Coupang (CPNG) Downgraded to Neutral at Citi; PT USD 22.20 Embecta (EMBC) Downgraded to Neutral at BTIG Enovix (ENVX) Downgraded to Underweight at JPMorgan IAC Inc. (IAC) Downgraded to Hold at Jefferies; PT USD 44 Lucid (LCID) Downgraded to Hold at Benchmark Norwegian Cruise (NCLH) Downgraded to Neutral at Northcoast Reddit (RDDT) Downgraded to Accumulate at Phillip Secs; PT USD 200 TopBuild (BLD) Downgraded to Hold at Loop Capital; PT USD 485 TopBuild (BLD) Downgraded to Neutral at DA Davidson; PT USD 437 Towne Bank (TOWN) Downgraded to Market Perform at KBW; PT USD 38 TransMedics (TMDX) Downgraded to Market Perform at Oppenheimer Valley National (VLY) Downgraded to Equal-Weight at Morgan Stanley; PT USD 15 Westlake Corp (WLK) Downgraded to Underweight at JPMorgan; PT USD 90 INITIATIONS Celsius Holdings (CELH) Initiated at New Neutral at Rothschild & Co Redburn Dakota Gold (DC) Initiated at New Outperform at CIBC; PT USD 11 Eton Pharmaceuticals (ETON) Initiated at New Buy at Singular Research F&G Annuities & Life (FG) Initiated at New Market Perform at Raymond James Kymera (KYMR) Initiated at New Buy at Canaccord; PT USD 106

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