US BROKER MOVES: PCG, EIX, SRE downgraded; BW initiated with a Buy at Needham

UPGRADES Ares Capital (ARCC) upgraded from Neutral to Buy at Compass Point; PT USD 11.75 Chagee Holdings (CHA) upgraded from Neutral to Outperform at Macquarie; PT USD 15.70 (prev. USD 10.20) Estée Lauder (EL) upgraded from Neutral to Outperform at CICC; PT USD 122.00 Kaiser Aluminum (KALU) upgraded from Neutral to Buy at UBS; PT USD 184.00 (prev. USD 179.00) XP (XP) upgraded from Market Perform to Outperform at Itaú BBA; PT USD 22.00 DOWNGRADES Edison International (EIX) downgraded from Outperform to Neutral at Mizuho; PT USD 70.00 (prev. USD 86.00) HDFC Bank (HDB) downgraded from Buy to Hold at HSBC; PT USD 26.10 (prev. USD 30.80) Centrus Energy (LEU) downgraded from Buy to Neutral at Presidents Capital Management; PT USD 200.00 MINISO Group (MNSO) downgraded from Buy to Hold at HSBC; PT USD 10.80 PG&E (PCG) downgraded from Outperform to Market Perform at BMO Capital; PT USD 21.00 (prev. USD 28.00) PG&E (PCG) downgraded from Outperform to Neutral at Mizuho; PT USD 16.00 (prev. USD 21.00) PG&E (PCG) downgraded from Overweight to Equal Weight at Wells Fargo; PT USD 24.00 Sempra (SRE) downgraded from Outperform to Neutral at Mizuho; PT USD 84.00 (prev. USD 104.00) Tenax Therapeutics (TENX) downgraded from Buy to Neutral at Guggenheim INITIATIONS AirJoule Technologies (AIRJ) initiated Hold at Needham Braveheart Bio (BRVE) initiated Buy at TD Cowen Braveheart Bio (BRVE) initiated Buy at Stifel; PT USD 45.00 Braveheart Bio (BRVE) initiated Buy at Goldman Sachs; PT USD 48.00 Braveheart Bio (BRVE) initiated Buy at Jefferies; PT USD 48.00 Braveheart Bio (BRVE) initiated Overweight at Cantor Fitzgerald; PT USD 40.00 Babcock & Wilcox Enterprises (BW) initiated Buy at Needham; PT USD 20.00 Deep Fission (FISN) initiated Buy at Maxim Group; PT USD 17.00 Lumentum (LITE) initiated Outperform at Evercore ISI; PT USD 1,100.00 MINISO Group (MNSO) initiated Neutral at Citi; PT USD 11.30 Red Cat Holdings (RCAT) initiated Outperform at Evercore ISI Scribe Therapeutics (SCTX) initiated Buy at H.C. Wainwright; PT USD 60.00 Smith & Nephew (SNN) initiated Neutral at BTIG Ticketplus (TP) initiated Buy at Roth/MKM; PT USD 14.00