US BROKER MOVES: PGR upgraded at Morgan Stanley; INFY downgraded at HSBC
Broker shifts on July 24 were driven by Q2 earnings, with EW and DLR upgraded on strong results, while ROL and ACI were downgraded due to misses.
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Upgrades Cleveland-Cliffs (CLF) Upgraded to Neutral at BNP Paribas Exane; PT USD 11.50 Digital Realty Trust (DLR) Upgraded to Buy at TD Cowen; PT USD 222 Dover (DOV) Upgraded to Outperform at BMO Capital; PT USD 240 (prev USD 255) Edwards Lifesciences (EW) Upgraded to Outperform at Leerink; PT USD 101 (prev USD 87) Progressive (PGR) Upgraded to Equalweight at Morgan Stanley; PT USD 210 (prev USD 190) PayPal (PYPL) Upgraded to Hold at Truist Securities; PT USD 57 (prev USD 44) Downgrades Albertsons (ACI) Downgraded to Market Perform at BMO Capital; PT USD 12 (prev USD 23) Albertsons (ACI) Downgraded to Market Perform at Telsey; PT USD 13 (prev USD 22) Cheesecake Factory (CAKE) Downgraded to Neutral at Mizuho; PT USD 85 (prev USD 75) Flywire (FLYW) Downgraded to Hold at Truist Securities; PT USD 17 (prev USD 18) Huntington Bancshares (HBAN) Downgraded to Equalweight at Morgan Stanley; PT USD 19 (prev USD 21) Infosys (INFY) Downgraded to Hold at HSBC; PT USD 11.47 (prev USD 14.24) Legend Biotech (LEGN) Downgraded to Neutral at UBS; PT USD 28 (prev USD 49) Penske Automotive Group (PAG) Downgraded to Equalweight at Morgan Stanley; PT USD 210 (prev USD 190) Rollins (ROL) Downgraded to Underweight at Wells Fargo; PT USD 32 (prev USD 46) Rollins (ROL) Downgraded to Neutral at JPMorgan; PT USD 45 (prev USD 70) Tenable Holdings (TENB) Downgraded to Neutral at UBS; PT USD 37 Initiations Mama's Creations (MAMA) Initiated Outperform at William Blair Blue Owl Capital Corporation (OBDC) Initiated Buy at Lucid Capital Markets; PT USD 13
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