US BROKER MOVES: AAPL upgraded at HSBC; PPG upgraded at BofA

UPGRADES Apple (AAPL) Upgraded to Buy at HSBC; PT USD 366 (prev USD 260) Arbor Realty Trust (ABR) Upgraded to Neutral at JPMorgan; PT USD 5.50 (prev USD 7.00) AST SpaceMobile (ASTS) Upgraded to Buy at B. Riley; PT USD 85 Echo Global Logistics (ECHO) Upgraded to Strong Buy at Raymond James; PT USD 115 Ecolab (ECL) Upgraded to Outperform at Oppenheimer; PT USD 320 Emerson Electric (EMR) Upgraded to Overweight at JPMorgan; PT USD 157 Ferguson (FERG) Upgraded to Outperform at Zelman & Associates; PT USD 285 3M (MMM) Upgraded to Overweight at JPMorgan; PT USD 180 (prev USD 178) PPG Industries (PPG) Upgraded to Buy at BofA Securities; PT USD 134 (prev USD 127) SBA Communications (SBAC) Upgraded to Overweight at Wells Fargo; PT USD 210 (prev USD 220) DOWNGRADES AGNC Investment (AGNC) Downgraded to Neutral at Compass Point; PT USD 11.50 AGNC Investment (AGNC) Downgraded to Neutral at JPMorgan; PT USD 12.00 (prev USD 11.00) atai Life Sciences (ATAI) Downgraded to Hold at Jefferies; PT USD 7.50 (prev USD 10.00) Distribution Solutions Group (DSGR) Downgraded to Market Perform at Barrington Research; PT USD 35 (prev USD 33) KKR Real Estate Finance Trust (KREF) Downgraded to Underweight at JPMorgan; PT USD 8.00 (prev USD 6.00) Netflix (NFLX) Downgraded to Neutral at KGI Securities; PT USD 75 Oneok (OKE) Downgraded to Hold at Jefferies; PT USD 95 (prev USD 100) Option Care Health (OPCH) Downgraded to Equal Weight at Stephens; PT USD 24 Sonic Automotive (SAH) Downgraded to Neutral at Seaport Global Securities INITIATIONS HF Sinclair (DINO) Initiated In Line at Evercore ISI; PT USD 85 First Community Bankshares (FCBM) Initiated Market Perform at Hovde Group; PT USD 14 Fastly (FSLY) Initiated Buy at Freedom Broker; PT USD 27 Moody's (MCO) Initiated Buy at Jefferies; PT USD 610 MSCI (MSCI) Initiated Buy at Jefferies; PT USD 760 PBF Energy (PBF) Initiated In Line at Evercore ISI; PT USD 58 Zentalis Pharmaceuticals (ZNTL) Initiated Outperform at Mizuho; PT USD 8