US BROKER MOVES: NFLX upgraded at Deutsche Bank; PEP downgraded at JPM

UPGRADES Bloomin' Brands (BLMN) upgraded from Underweight to Neutral at JPMorgan; PT USD 13.00 (prev. USD 6.00) Kroger (KR) upgraded from Hold to Buy at Melius Main Street Capital (MAIN) upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 60.00 Netflix (NFLX) upgraded from Hold to Buy at Deutsche Bank; PT USD 95.00 (prev. USD 100.00) Rezolute (RZLT) upgraded from Hold to Buy at Craig-Hallum; PT USD 7.00 Stitch Fix (SFIX) upgraded from Underperform to Neutral at Mizuho; PT USD 2.50 (prev. USD 3.00) STAAR Surgical (STAA) upgraded from Hold to Buy at Stifel; PT USD 31.00 (prev. USD 28.00) BlackRock TCP Capital (TCPC) upgraded from Underweight to Equal Weight at Wells Fargo; PT USD 4.00 DOWNGRADES Arbor Realty Trust (ABR) downgraded from Market Outperform to Market Perform at Citizens Carlyle Secured Lending (CGBD) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 11.00 Fresenius Medical Care (FMS) downgraded from Buy to Hold at Berenberg; PT USD 24.00 (prev. USD 34.50) FS KKR Capital (FSK) downgraded from Equal Weight to Underweight at Wells Fargo; PT USD 10.00 Lifecore Biomedical (LFCR) downgraded from Outperform to Market Perform at Barrington Research Monday.com (MNDY) downgraded from Overweight to Neutral at JPMorgan; PT USD 87.00 PepsiCo (PEP) downgraded from Overweight to Neutral at JPMorgan; PT USD 138.00 (prev. USD 170.00) Warner Bros. Discovery (WBD) downgraded from Hold to Sell at Argus INITIATIONS AbCellera Biologics (ABCL) initiated Overweight at JPMorgan; PT USD 17.00 Adaptive Biotechnologies (ADPT) initiated Buy at Goldman Sachs; PT USD 35.00 Ameren (AEE) initiated Sector Perform at Scotiabank; PT USD 104.00 Apyx Medical (APYX) initiated Buy at Maxim Group; PT USD 6.00 Array Technologies (ARRY) initiated Buy at Jefferies; PT USD 7.00 AutoZone (AZO) initiated Outperform at Bernstein SocGen Group; PT USD 3698.00 Baker Hughes (BKR) initiated Buy at Goldman Sachs; PT USD 71.00 Deluxe (DLX) initiated Outperform at Barrington Research; PT USD 31.00 FuelCell Energy (FCEL) initiated Outperform at Oppenheimer; PT USD 24.00 Gorilla Technology (GRRR) initiated Buy at StoneX; PT USD 25.00 Hyliion (HYLN) initiated Buy at Craig-Hallum; PT USD 7.00 Liberty Energy (LBRT) initiated Sector Outperform at Scotiabank; PT USD 19.00 NiSource (NI) initiated Sector Perform at Scotiabank ONE Gas (OGS) initiated Sector Outperform at Scotiabank; PT USD 86.00 Paycom Software (PAYC) initiated Underperform at BofA Securities; PT USD 200.00 Paylocity Holding (PCTY) initiated Buy at BofA Securities; PT USD 175.00 Pinnacle West Capital (PNW) initiated Sector Outperform at Scotiabank PPL (PPL) initiated Sector Outperform at Scotiabank; PT USD 36.00 Sempra (SRE) initiated Sector Perform at Scotiabank; PT USD 83.00 Southwest Gas Holdings (SWX) initiated Sector Outperform at Scotiabank; PT USD 95.00 UGI (UGI) initiated Sector Outperform at Scotiabank; PT USD 46.00 Xcel Energy (XEL) initiated Sector Outperform at Scotiabank; PT USD 77.00