US BROKER MOVES: AVGO upgraded at Macquarie; MRNA downgraded at Rothschild Redburn

UPGRADES Amalgamated Financial (AMAL) upgraded from Neutral to Outperform; PT USD 55 at Raymond James Broadcom (AVGO) upgraded from Neutral to Outperform at Macquarie BWX Technologies (BWXT) upgraded from Neutral to Buy; PT USD 181 at Jefferies Copart (CPRT) upgraded from Neutral to Overweight; PT USD 40 (prev. USD 32) at JPMorgan Envista Holdings (NVST) upgraded from Neutral to Overweight; PT USD 32 (prev. USD 29) at JPMorgan DOWNGRADES Brookfield Asset Management (BAM) downgraded from Outperform to Market Perform; PT USD 91 at Itau BBA Fluence Energy (FLNC) downgraded from Equalweight to Underweight; PT USD 10 (prev. USD 16) at Barclays Grupo Financiero Galicia (GGAL) downgraded from Outperform to Market Perform; PT USD 60 at Itau BBA Moderna (MRNA) downgraded from Neutral to Sell; PT USD 81 (prev. USD 40) at Rothschild Redburn NIO (NIO) downgraded from Buy to Hold; PT USD 4 (prev. USD 7) at Freedom Broker Pacific Gas & Electric (PCG) downgraded from Buy to Hold; PT USD 17 (prev. USD 21) at Truist Securities Sonoco Products (SON) downgraded from Buy to Neutral; PT USD 60 (prev. USD 69) at BofA Securities INITIATIONS Broadcom (AVGO) initiated Buy; PT USD 600 at Rosenblatt BWX Technologies (BWXT) initiated Buy; PT USD 181 at Jefferies Liberty Latin America (LILAK) initiated Neutral; PT USD 9 at UBS Pagaya Technologies (PGY) initiated Buy at TD Cowen Prudential (PUK) initiated Buy; PT USD 39.30 at Berenberg RingCentral (RNG) initiated Outperform; PT USD 85 at RBC Capital Tiziana Life Sciences (TLSA) initiated Buy; PT USD 7 at BTIG Thermo Fisher Scientific (TMO) initiated Outperform; PT USD 748 at CLSA Uranium Energy (UEC) initiated Hold; PT USD 11.50 at Jefferies Vishay Intertechnology (VSH) initiated Buy; PT USD 42 at Truist Securities