BROKER MOVES: ULTA upgraded at Jefferies; NXPI downgraded at Wells

UPGRADES: Air Products (APD) Upgraded to Buy at Berenberg; PT USD 350 American Electric Power (AEP) US Upgraded to Buy at Seaport Global Securities; PT USD 145 Arcos Dorados (ARCO) Upgraded to Outperform at Grupo Santander; PT USD 14 Biogen (BIIB) Upgraded to Overweight at Wells Fargo; PT USD 250 Celldex (CLDX) Upgraded to Overweight at Barclays; PT USD 45 Ecolab (ECL) Upgraded to Buy at Deutsche Bank; PT USD 325 JPMorgan (JPM) Upgraded to Accumulate at Phillip Secs; PT USD 335 Lakeland Industries (LAKE) Upgraded to Buy at DA Davidson; PT USD 14 Melco Resorts (MLCO) ADRs Upgraded to Outperform at CICC; PT USD 8.20 Okta (OKTA) Upgraded to Overweight at Barclays Oscar Health (OSCR) Upgraded to Hold at Jefferies; PT USD 16 Plexus (PLXS) Upgraded to Buy at Stifel; PT USD 250 Texas Instruments (TXN) Upgraded to Hold at Aletheia Capital; PT USD 220 Ulta Beauty (ULTA) Upgraded to Buy at Jefferies; PT USD 700 WaterBridge Infrastructure (WBI) Upgraded to Buy at Goldman; PT USD 32 Wells Fargo (WFC) Upgraded to Buy at Phillip Secs; PT USD 98 Williams Cos (WMB) Upgraded to Buy at Goldman; PT USD 82 DOWNGRADES: Avis Budget (CAR) Downgraded to Underweight at Barclays; PT USD 150 Centessa Pharmaceuticals (CNTA) ADRs Downgraded to Equal-Weight at Wells Fargo Doximity (DOCS) Downgraded to Hold at Truist Secs; PT USD 29 Edison International (EIX) Downgraded to Neutral at Seaport Global Securities Entergy (ETR) Downgraded to Neutral at Seaport Global Securities Eversource (ES) Downgraded to Neutral at Seaport Global Securities Exelon (EXC) Downgraded to Hold at Jefferies; PT USD 50 Gitlab (GTLB) Downgraded to Sector Perform at RBC; PT USD 25 Hess Midstream (HESM) Downgraded to Sell at Goldman; PT USD 32 Intel (INTC) Downgraded to Neutral at KGI Securities; PT USD 71 Janux Therapeutics (JANX) Downgraded to Underweight at Barclays; PT USD 14 Lionsgate Studios (LION) Downgraded to Neutral at Citi; PT USD 12.60 Mohawk Industries (MHK) Downgraded to Neutral at BofA; PT USD 122 NXP Semi (NXPI) Downgraded to Equal-Weight at Wells Fargo; PT USD 235 Qorvo (QRVO) Downgraded to Underperform at Mizuho Securities; PT USD 66 Schneider National (SNDR) Downgraded to Market Perform at Raymond James Skyworks (SWKS) Downgraded to Underperform at Mizuho Securities; PT USD 46 Southern Co (SO) Downgraded to Neutral at Seaport Global Securities Tvardi Therapeutics (TVRD) Downgraded to Underweight at Barclays; PT USD 3 Westlake Corp (WLK) Downgraded to Hold at Deutsche Bank; PT USD 120 INITIATIONS: Candel Therapeutics (CADL) Initiated at New Overweight at Cantor Healthcare Realty Trust (HR) Initiated at New Neutral at UBS; PT USD 18 Healthpeak Properties (DOC) Initiated at New Neutral at UBS; PT USD 17 Kyndryl (KD) Initiated at New Market Perform at BMO; PT USD 15 MKS Inc. (MKSI) Reinstated Buy at William O'Neil MP Materials (MP) Initiated at New Outperform at Wedbush; PT USD 90 OptimumBank (OPHC) Initiated at New Buy at Janney Montgomery; PT USD 8 Primis Financial Corp (FRST) Initiated at New Outperform at KBW; PT USD 17 Sensei Bio (SNSE) Initiated at New Outperform at Leerink; PT USD 50 Serve Robotics (SERV) Initiated at New Buy at Guggenheim; PT USD 13 Thor Industries (THO) Initiated at New Neutral at Seaport Global Securities USA Rare Earth (USAR) Initiated at New Outperform at Wedbush; PT USD 29 Voya Financial (VOYA) Initiated at New Buy at TD Cowen; PT USD 100 Whirlpool (WHR) Initiated at New Neutral at Mizuho Securities; PT USD 55