US BROKER MOVES: MSFT upgraded at Sitfel; ALV downgraded at Wolfe Research

UPGRADES Editas Medicine (EDIT) upgraded from Neutral to Buy at Guggenheim; PT USD 5.00 Graphic Packaging Holding (GPK) upgraded from Neutral to Overweight at JPMorgan; PT USD 11.50 (prev. USD 12.50) Microsoft (MSFT) upgraded from Hold to Buy at Stifel; PT USD 575.00 (prev. USD 530.00) RXO (RXO) upgraded from Negative to Neutral at Susquehanna DOWNGRADES Autoliv (ALV) downgraded from Outperform to Peerperform at Wolfe Research ARC Resources (ARX) downgraded from Market Perform to Underperform at Raymond James CBIZ (CBZ) downgraded from Outperform to Market Perform at William Blair Realty Income (O) downgraded from Sector Outperform to Sector Perform at Scotiabank; PT USD 59.00 (prev. USD 67.00) INITIATIONS Amneal Pharmaceuticals (AMRX) initiated Outperform at Oppenheimer; PT USD 27.00 ANI Pharmaceuticals (ANIP) initiated Perform at Oppenheimer; PT USD 85.00 Amphenol (APH) initiated Outperform at Bernstein SocGen Group; PT USD 99.00 Applied Digital (APLD) initiated Buy at UBS; PT USD 38.00 Axsome Therapeutics (AXSM) initiated Buy at Truist Securities; PT USD 285.00 Beta Bionics (BBNX) initiated Overweight at Wells Fargo; PT USD 28.00 Belden (BDC) initiated Buy at Needham; PT USD 140.00 Cipher Mining (CIFR) initiated Buy at UBS; PT USD 23.00 Collegium Pharmaceutical (COLL) initiated Outperform at Oppenheimer; PT USD 50.00 Core Scientific (CORZ) initiated Buy at UBS; PT USD 24.00 CorMedix (CRMD) initiated Outperform at Oppenheimer; PT USD 15.00 HubSpot (HUBS) initiated Sector Perform at FBN Securities; PT USD 230.00 Hut 8 (HUT) initiated Buy at UBS; PT USD 143.00 Innoviva (INVA) initiated Outperform at Oppenheimer; PT USD 35.00 Maze Therapeutics (MAZE) initiated Outperformer at CIBC; PT USD 50.00 Madrigal Pharmaceuticals (MDGL) initiated Buy at Citi; PT USD 725.00 Oric Pharmaceuticals (ORIC) initiated Buy at BTIG; PT USD 26.00 Pacira BioSciences (PCRX) initiated Outperform at Oppenheimer; PT USD 32.00 Pulse Biosciences (PLSE) initiated Buy at BTIG; PT USD 70.00 TE Connectivity (TEL) initiated Outperform at Bernstein SocGen Group; PT USD 243.00 Teva Pharmaceutical Industries (TEVA) initiated Outperform at Oppenheimer; PT USD 50.00 Toro (TTC) initiated Outperform at Oppenheimer; PT USD 120.00 Vanda Pharmaceuticals (VNDA) initiated Outperform at Oppenheimer; PT USD 10.00 Viatris (VTRS) initiated Outperform at Oppenheimer; PT USD 25.00 TeraWulf (WULF) initiated Buy at UBS; PT USD 24.00 Wave Life Sciences (WVE) initiated Neutral at JPMorgan