US BROKER MOVES: UNP upgraded at UBS; CLLS downgraded at Barclays

UPGRADES Alvotech (ALVO) Upgraded from Underweight to Overweight at Barclays; PT USD 8 Credicorp (BAP) Upgraded from Neutral to Overweight at JPMorgan; PT USD 482 Paychex (PAYX) Upgraded from Underperform to Peer Perform at Wolfe Research Rocket Pharmaceuticals (RCKT) Upgraded from Hold to Buy at Needham; PT USD 9 Similarweb (SMWB) Upgraded from Hold to Buy at Needham; PT USD 11 Union Pacific (UNP) Upgraded from Neutral to Buy at UBS; PT USD 339 DOWNGRADES CBIZ (CBZ) Downgraded from Outperform to Market Perform at Barrington Research Cellectis (CLLS) Downgraded from Overweight to Underweight at Barclays; PT USD 1.30 Hartford Financial (HIG) Downgraded from Outperform to Neutral at Mizuho; PT USD 154 Meritage Homes (MTH) Downgraded from Buy to Hold at Truist Securities Nu Holdings (NU) Downgraded from Outperform to Market Perform at Itau BBA; PT USD 18 INITIATIONS Airbnb (ABNB) Initiated at Equalweight at Morgan Stanley; PT USD 170 American Bitcoin (ABTC) Initiated at Buy at BTIG; PT USD 15 Bandwidth (BAND) Initiated at Neutral at BofA Securities; PT USD 60 Booking Holdings (BKNG) Initiated at Overweight at Morgan Stanley; PT USD 230 Dutch Bros (BROS) Initiated at Buy at Seaport Global Securities; PT USD 50 CAVA (CAVA) Initiated at Buy at Seaport Global Securities; PT USD 58 Chipotle Mexican Grill (CMG) Initiated at Neutral at Seaport Global Securities Domino's Pizza (DPZ) Initiated at Neutral at Seaport Global Securities Darden Restaurants (DRI) Initiated at Buy at Seaport Global Securities; PT USD 240 Brinker International (EAT) Initiated at Buy at Seaport Global Securities; PT USD 230 Expedia (EXPE) Initiated at Underweight at Morgan Stanley; PT USD 235 Five9 (FIVN) Initiated at Outperform at FBN Securities; PT USD 40 Janus Living (JAN) Initiated at Neutral at Compass Point; PT USD 37 McDonald's (MCD) Initiated at Neutral at Seaport Global Securities Corvex (MOVE) Initiated at Buy at Chardan; PT USD 18.75 Pinnacle Financial Partners (PNFP) Initiated at Outperform at Hovde Group Restaurant Brands International (QSR) Initiated at Buy at Seaport Global Securities; PT USD 88 Arcus Biosciences (RCUS) Initiated at Buy at TD Cowen Starbucks (SBUX) Initiated at Neutral at Seaport Global Securities Shake Shack (SHAK) Initiated at Neutral at Seaport Global Securities Solid Biosciences (SLDB) Initiated at Outperform at RBC Capital; PT USD 18 Sylvamo (SLVM) Initiated at Overweight at Wells Fargo; PT USD 47 Tarsus Pharmaceuticals (TARS) Initiated at Overweight at Barclays; PT USD 110 First Tracks Biotherapeutics (TRAX) Initiated at Buy at Guggenheim; PT USD 100 Texas Roadhouse (TXRH) Initiated at Buy at Seaport Global Securities; PT USD 195 Wendy's (WEN) Initiated at Neutral at Seaport Global Securities Yum! Brands (YUM) Initiated at Buy at Seaport Global Securities; PT USD 162