US BROKER MOVES: VFC sees a couple of upgrades; ADBE downgraded at HSBC
The October 13 broker bulletin reports 10 upgrades, 12 downgrades and 27 initiations, including paired VF Corp upgrades and multiple new ratings for Electra Therapeutics and Orion180.
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UPGRADES American Electric Power (AEP) Upgraded from Sector Weight to Overweight at KeyBanc; PT USD 133 Exelon (EXC) Upgraded from Underweight to Sector Weight at KeyBanc Gemini Space Station (GEMI) Upgraded from Sell to Neutral at Citi; PT USD 4.75 Galaxy Digital (GLXY) Upgraded from Neutral to Buy at Citi; PT USD 28 Prologis (PLD) Upgraded from Sector Perform to Sector Outperform at Scotiabank Rexford Industrial Realty (REXR) Upgraded from Neutral to Outperform at Mizuho; PT USD 41 Spire Global (SPIR) Upgraded from Neutral to Buy at Alliance Global Partners VF Corp (VFC) Upgraded from Hold to Buy at Truist Securities; PT USD 20 VF Corp (VFC) Upgraded from Neutral to Overweight at Piper Sandler; PT USD 20 Viking Holdings (VIK) Upgraded from Equalweight to Overweight at Barclays; PT USD 102 DOWNGRADES Arch Capital (ACGL) Downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 100 Adobe (ADBE) Downgraded from Buy to Hold at HSBC; PT USD 267 Allient (ALNT) Downgraded from Overweight to Neutral at JPMorgan; PT USD 120 AST SpaceMobile (ASTS) Downgraded from Overweight to Neutral at Piper Sandler; PT USD 54 Chemours (CC) Downgraded from Outperform to Sector Perform at RBC Capital; PT USD 14 Ero Copper (ERO) Downgraded from Sector Outperform to Sector Perform at Scotiabank Foghorn Therapeutics (FHTX) Downgraded from Outperform to In Line at Evercore ISI; PT USD 3 Lantheus (LNTH) Downgraded from Outperform to Neutral at Mizuho Pluralsight (PS) Downgraded from Neutral to Underperform at BofA Securities; PT USD 38 RTX (RTX) Downgraded from Buy to Hold at Deutsche Bank; PT USD 208 Securitize (SECZ) Downgraded from Buy to Neutral at Citi; PT USD 14 AT&T (T) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 24 INITIATIONS Ascentage Pharma Group Internat (AAPG) Initiated at Market Outperform at Citizens; PT USD 35 American Healthcare REIT (AHR) Initiated at Strong Buy at Raymond James; PT USD 62 American Outdoor Brands (AOUT) Initiated at Buy at Ladenburg Thalmann; PT USD 22 Amer Sports (AS) Initiated at Buy at Jefferies; PT USD 42 Compass Diversified (CODI) Initiated at Buy at Ladenburg Thalmann Columbia Banking System (COLB) Initiated at Hold at Deutsche Bank; PT USD 32 CoastalSouth Bancshares (COSO) Initiated at Buy at Brean Capital; PT USD 33 Dow (DOW) Initiated at Underweight at Barclays; PT USD 30 Escalade (ESCA) Initiated at Neutral at Ladenburg Thalmann Electra Therapeutics (ETRA) Initiated at Buy at TD Cowen Electra Therapeutics (ETRA) Initiated at Buy at Jefferies; PT USD 32 Electra Therapeutics (ETRA) Initiated at Outperform at Evercore ISI Electra Therapeutics (ETRA) Initiated at Overweight at Cantor Fitzgerald Globant (GLOB) Initiated at Equal Weight at Wells Fargo; PT USD 39 Gossamer Bio (GOSS) Initiated at Buy at Chardan; PT USD 160 Inhibikase Therapeutics (IKT) Initiated at Neutral at Chardan; PT USD 1.50 Kyntra Bio (KYNB) Initiated at Buy at Maxim Group; PT USD 35 Mind Medicine (MMED) Initiated at Buy at Rothschild Redburn; PT USD 30 MSC Industrial Direct (MSM) Initiated at Overweight at Barclays; PT USD 152 Vail Resorts (MTN) Initiated at Buy at Ladenburg Thalmann National Healthcare Properties (NHP) Initiated at Outperform at Raymond James; PT USD 20 Orion180 Insurance Group (OIG) Initiated at Buy at Goldman Sachs; PT USD 13 Orion180 Insurance Group (OIG) Initiated at Buy at UBS; PT USD 14 Orion180 Insurance Group (OIG) Initiated at Market Outperform at Citizens; PT USD 20 Orion180 Insurance Group (OIG) Initiated at Market Perform at Raymond James Orion180 Insurance Group (OIG) Initiated at Outperform at RBC Capital; PT USD 15 Wintrust Financial (WTFC) Initiated at Buy at Deutsche Bank; PT USD 175 Yeti (YETI) Initiated at Buy at Ladenburg Thalmann; PT USD 52
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