U.S. Markets

US BROKER MOVES: FCEL upgraded at B. Riley; ADBE & CRM downgraded at Phillip Securities

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UPGRADES Casey's General Stores (CASY) Upgraded to Outperform at BMO Capital; PT USD 950 Cytokinetics (CYTK) Upgraded to Buy at UBS; PT USD 115 (prev USD 69) Delek US Holdings (DK) Upgraded to Hold at TD Cowen; PT USD 39 (prev USD 36) FuelCell Energy (FCEL) Upgraded to Buy at B. Riley; PT USD 32 (prev USD 13) PBF Energy (PBF) Upgraded to Hold at TD Cowen; PT USD 39 (prev USD 36) Primoris Services (PRIM) Upgraded to Overweight at JPMorgan; PT USD 116 (prev USD 105) Prime Medicine (PRME) Upgraded to Buy at H.C. Wainwright; PT USD 8 Roblox (RBLX) Upgraded to Buy at Arete; PT USD 95 Warner Bros. Discovery (WBD) Upgraded to Buy at Seaport Global Securities; PT USD 31 DOWNGRADES Adobe (ADBE) Downgraded to Neutral at Phillip Securities; PT USD 203 Alkermes (ALKS) Downgraded to Underperform at BofA Securities; PT USD 38 Amphastar Pharmaceuticals (AMPH) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 25) Biohaven (BHVN) Downgraded to Underperform at BofA Securities; PT USD 11 (prev USD 12) BrightSpire Capital (BRSP) Downgraded to Hold at Argus CONMED (CNMD) Downgraded to Underperform at BofA Securities; PT USD 40 Salesforce (CRM) Downgraded to Neutral at Phillip Securities; PT USD 166 CrowdStrike (CRWD) Downgraded to Neutral at Arete; PT USD 730 Definitive Healthcare (DH) Downgraded to Underperform at BofA Securities; PT USD 0.70 (prev USD 3.50) Doximity (DOCS) Downgraded to Underperform at BofA Securities; PT USD 20 (prev USD 38) Lindblad Expeditions (LIND) Downgraded to Hold at Texas Capital Securities; PT USD 31 (prev USD 29) Liquidia (LQDA) Downgraded to Neutral at BofA Securities; PT USD 79 (prev USD 64) Madison Square Garden Entertainment (MSGE) Downgraded to Neutral at Seaport Global Securities Progressive (PGR) Downgraded to Underweight at Wells Fargo; PT USD 205 (prev USD 219) Sezzle (SEZL) Downgraded to Perform at Oppenheimer Synaptics (SYNA) Downgraded to Equalweight at Barclays; PT USD 135 (prev USD 110) INITIATIONS AppLovin (APP) Initiated Strong Buy at Raymond James; PT USD 640 Archrock (AROC) Initiated Overweight at Wells Fargo; PT USD 43 Array Technologies (ARRY) Initiated Equal Weight at Wells Fargo; PT USD 9 Bloom Energy (BE) Initiated Equal Weight at Wells Fargo; PT USD 217 Cheniere Energy Partners (CQP) Initiated Underweight at Wells Fargo; PT USD 62 Amdocs (DOX) Initiated Sector Weight at KeyBanc DT Midstream (DTM) Initiated Overweight at Wells Fargo; PT USD 165 Enterprise Products Partners (EPD) Initiated Overweight at Wells Fargo; PT USD 42 Energy Transfer (ET) Initiated Overweight at Wells Fargo; PT USD 25 Genesis Energy (GEL) Initiated Overweight at Wells Fargo; PT USD 18 GE Vernova (GEV) Initiated Overweight at Wells Fargo; PT USD 1,259 Graphic Packaging Holding (GPK) Initiated Neutral at JPMorgan; PT USD 11.70 Kinder Morgan (KMI) Initiated Overweight at Wells Fargo; PT USD 35 Kinetik Holdings (KNTK) Initiated Overweight at Wells Fargo; PT USD 52 Cheniere Energy (LNG) Initiated Overweight at Wells Fargo; PT USD 335 MPLX (MPLX) Initiated Overweight at Wells Fargo; PT USD 61 ONEOK (OKE) Initiated Overweight at Wells Fargo; PT USD 98 Plains All American Pipeline (PAA) Initiated Equal Weight at Wells Fargo; PT USD 23 Plains GP Holdings (PAGP) Initiated Equal Weight at Wells Fargo; PT USD 23 Plug Power (PLUG) Initiated Equal Weight at Wells Fargo; PT USD 2.50 SolarEdge Technologies (SEDG) Initiated Equal Weight at Wells Fargo; PT USD 36 SEI Investments (SEIC) Initiated Buy at Needham; PT USD 97 Targa Resources (TRGP) Initiated Overweight at Wells Fargo; PT USD 270 United Rentals (URI) Initiated Outperform at BNP Paribas Exane Veradigm (VERX) Initiated Buy at TD Cowen; PT USD 14 Warby Parker (WRBY) Initiated Buy at BofA Securities; PT USD 33 TeraWulf (WULF) Initiated Buy at Citi; PT USD 36

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