U.S. Markets

US BROKER MOVES: PANW Double upgraded at Arete; SABR downgraded at Bernstein

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UPGRADES 1stdibs (DIBS) upgraded from Market Perform to Outperform at Northland Innovative Industrial Properties (IIPR) upgraded from Sell to Neutral at Compass Point; PT USD 45 Palo Alto Networks (PANW) upgraded from Neutral to Buy at Arete; PT USD 185 Unity Software (U) upgraded from Underperform to Neutral at BofA Securities; PT USD 19 (prev. USD 18) Block (XYZ) upgraded from Hold to Buy at HSBC; PT USD 77 (prev. USD 70) DOWNGRADES AES Corp (AES) downgraded from Outperform to Neutral at Mizuho; PT USD 15 (prev. USD 16) DHT Holdings (DHT) downgraded from Buy to Hold at DNB Carnegie Mosaic (MOS) downgraded from Overweight to Equalweight at Barclays; PT USD 31 uniQure (QURE) downgraded from Outperform to Neutral at Mizuho; PT USD 12 (prev. USD 33) uniQure (QURE) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 15 (prev. USD 60) Sabre (SABR) downgraded from Outperform to Market Perform at Bernstein SocGen; PT USD 1.50 Select Medical (SEM) downgraded from Outperform to Sector Perform at RBC Capital; PT USD 16.50 (prev. USD 19.00) BlackRock TCP Capital (TCPC) downgraded from Market Perform to Underperform at KBW; PT USD 3.50 (prev. USD 7.00) Grupo Televisa (TV) downgraded from Overweight to Neutral at JPMorgan INITIATIONS Agios Pharmaceuticals (AGMB) initiated at Outperform at Leerink Partners; PT USD 36 Agios Pharmaceuticals (AGMB) initiated at Overweight at Morgan Stanley; PT USD 28 Agios Pharmaceuticals (AGMB) initiated at Overweight at JPMorgan; PT USD 32 Amylyx Pharmaceuticals (AMLX) initiated at Buy at Stifel; PT USD 21 Carpenter Technology (CRS) initiated at Positive at Susquehanna; PT USD 470 Healthcare Services Group (HCSG) initiated at Sector Perform at RBC Capital; PT USD 22 IQVIA (IQV) initiated at Outperform at RBC Capital; PT USD 221 Luckin Coffee (LKNCY) initiated at Add at China Galaxy International; PT USD 52 Medpace (MEDP) initiated at Outperform at RBC Capital; PT USD 522 Oportun Financial (OFRM) initiated at Buy at BofA Securities; PT USD 26 Oportun Financial (OFRM) initiated at Buy at Goldman Sachs; PT USD 43 Oportun Financial (OFRM) initiated at Equalweight at Barclays; PT USD 25 Oportun Financial (OFRM) initiated at Hold at Deutsche Bank; PT USD 25 Oportun Financial (OFRM) initiated at Hold at TD Cowen; PT USD 26 Oportun Financial (OFRM) initiated at In Line at Evercore ISI; PT USD 26 Oportun Financial (OFRM) initiated at Outperform at Oppenheimer Oportun Financial (OFRM) initiated at Outperform at William Blair Oportun Financial (OFRM) initiated at Overweight at JPMorgan; PT USD 29 Ormat Technologies (ORA) initiated at Outperform at RBC Capital; PT USD 130 Sagimet Biosciences (SGP) initiated at Buy at Citi; PT USD 42 Sagimet Biosciences (SGP) initiated at Buy at Stifel; PT USD 42 Sagimet Biosciences (SGP) initiated at Buy at Jefferies; PT USD 62 Sagimet Biosciences (SGP) initiated at Outperform at Leerink Partners; PT USD 42

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