U.S. Markets

US BROKER MOVES: SPOT upgraded at Rosenblatt; BF.B downgraded at JPM

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UPGRADES Centene (CNC) Upgraded to Overweight at Cantor; PT USD 60 Crane Co. (CR) Upgraded to Buy at Stifel; PT USD 215 Elevance (ELV) Upgraded to Buy at BofA; PT USD 435 Franklin Resources (BEN) Upgraded to Equal-Weight at Barclays; PT USD 31 MaxLinear (MXL) Upgraded to Buy at Loop Capital; PT USD 75 NeoGenomics (NEO) Upgraded to Buy at Benchmark; PT USD 11 NeoGenomics (NEO) Upgraded to Outperform at Leerink; PT USD 25 Qiagen (QGEN) Upgraded to Outperform at Baird; PT USD 43 Radian (RDN) Upgraded to Buy at BofA Spotify (SPOT) Upgraded to Buy at Rosenblatt Securities Inc; PT USD 500 Spotify (SPOT) Upgraded to Buy at Inderes; PT USD 570 T-Mobile (TMUS) Upgraded to Outperform at Oppenheimer; PT USD 260 Tamboran Resources (TBN) Upgraded to Outperform at RBC; PT USD 55 Zeta (ZETA) Upgraded to Overweight at KeyBanc DOWNGRADES Boston Scientific (BSX) Downgraded to Neutral at Daiwa; PT USD 60 Brown-Forman (BF/B) Downgraded to Underweight at JPMorgan; PT USD 23 Clearwater Paper (CLW) Downgraded to Hold at TD Cowen; PT USD 17 MercadoLibre (MELI) Downgraded to Neutral at UBS; PT USD 2,050 Purple Innovation (PRPL) Downgraded to Sector Weight at KeyBanc Qualys (QLYS) Downgraded to Market Perform at William Blair Rapid7 (RPD) Downgraded to Market Perform at William Blair StoneCo (STNE) Downgraded to Neutral at Goldman; PT USD 14 Sysco (SYY) Downgraded to Hold at Deutsche Bank; PT USD 84 Tenable (TENB) Downgraded to Market Perform at William Blair Universal Health (UHS) Downgraded to Market Perform at Raymond James INITIATIONS Aktis Oncology (AKTS) Initiated at New Outperform at William Blair Alibaba (BABA) ADRs Initiated at New Outperform at BNP Paribas; PT USD 209 Corbus Pharmaceuticals (CRBP) Initiated at New Buy at Guggenheim; PT USD 45 Hennessy Capital Investment Corp. VII (HVIIU) Initiated at New Buy at Benchmark Legence (LGN) Initiated at New Buy at Loop Capital Nvidia (NVDA) Initiated at New Outperform at Safra; PT USD 300 PicS (PICS) Initiated at New Buy at Banco BTG Pactual; PT USD 20

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