US BROKER MOVES: INVH upgraded at Wells Fargo; PFG downgraded at BofA

UPGRADES Invitation Homes (INVH) Upgraded from Equal Weight to Overweight at Wells Fargo; PT USD 33 (prev USD 31) Nucor (NUE) Upgraded from Sector Weight to Overweight at KeyBanc; PT USD 274 Varonis Systems (VRNS) Upgraded from Equal Weight to Overweight at Stephens; PT USD 45 (prev USD 33) DOWNGRADES Apogee Therapeutics (APGE) Downgraded to Neutral at Mizuho; PT USD 135 Flowserve (FLS) Downgraded from Buy to Hold at TD Cowen; PT USD 70 (prev USD 85) Nuvalent (NUVL) Downgraded from Outperform to Market Perform at Bernstein SocGen Group; PT USD 124 (prev USD 172) Principal Financial Group (PFG) Downgraded from Neutral to Underperform at BofA Securities; PT USD 95 (prev USD 98) V2X (VVX) Downgraded from Outperform to Market Perform at Raymond James INITIATIONS BlackBerry (BB) Initiated Buy at Stifel Canada; PT USD 12 Barclays (BCS) Initiated Buy at Berenberg; PT USD 32.80 Braze (BRZE) Initiated Buy at Goldman Sachs; PT USD 34 Bitdeer Technologies (BTDR) Initiated Market Outperform at Citizens; PT USD 35 CBIZ (CBZ) Initiated Outperform at Barrington Research; PT USD 45 CleanSpark (CLSK) Initiated Market Outperform at Citizens; PT USD 27 Klaviyo (KVYO) Initiated Buy at Goldman Sachs; PT USD 26 Life Time Group (LTH) Initiated Buy at William O'Neil Lloyds Banking Group (LYG) Initiated Hold at Berenberg; PT USD 6.20 MARA Holdings (MARA) Initiated Market Outperform at Citizens; PT USD 24 Merck (MRK) Initiated Outperform at CICC; PT USD 138 NatWest Group (NWG) Initiated Buy at Berenberg; PT USD 22.80 OGE Energy (OGE) Initiated Equalweight at Morgan Stanley; PT USD 50 PROCEPT BioRobotics (PRCT) Initiated Outperform at Evercore ISI; PT USD 30 Sab Biotherapeutics (SABS) Initiated Overweight at Barclays; PT USD 13 Take-Two Interactive (TTWO) Initiated Buy at BTIG; PT USD 290 Twilio (TWLO) Initiated Buy at Goldman Sachs; PT USD 300 United Bankshares (UBSI) Initiated Market Perform at Hovde Group; PT USD 49 Zeta Global (ZETA) Initiated Neutral at Goldman Sachs; PT USD 28