US BROKER MOVES: RBLX upgraded at TD Cowen; PSKY double upgraded at Morgan Stanley

UPGRADES Air Products (APD) Upgraded to Outperform at BMO; PT USD 360 Caterpillar (CAT) Upgraded to Equal-Weight at Morgan Stanley; PT USD 915 CNH Industrial (CNH) Upgraded to Outperform at Mediobanca SpA; PT USD 13 Hershey (HSY) Upgraded to Buy at TD Cowen; PT USD 210 Paramount (PSKY) Upgraded to Overweight at Morgan Stanley Pilgrim's Pride (PPC) Upgraded to Overweight at Barclays; PT USD 42 Roblox (RBLX) Upgraded to Hold at TD Cowen Textron (TXT) Upgraded to Buy at TD Cowen; PT USD 115 TKO (TKO) Upgraded to Overweight at Morgan Stanley Willis Towers (WTW) Upgraded to Outperform at BMO; PT USD 300 DOWNGRADES Avis Budget (CAR) Downgraded to Hold at Jefferies; PT USD 160 Beacon Financial (BBT) Downgraded to Market Perform at Raymond James Check Point Software (CHKP) Downgraded to Neutral at Piper Sandler Elf Beauty (ELF) Downgraded to Equal-Weight at Morgan Stanley; PT USD 67 First Interstate Banc (FIBK) Downgraded to Market Perform at KBW; PT USD 37 KalVista (KALV) Downgraded to Neutral at HC Wainwright MGM Resorts (MGM) Downgraded to Hold at Jefferies; PT USD 44 Roblox (RBLX) Downgraded to Market Perform at Raymond James Ryan Specialty (RYAN) Downgraded to Equal-Weight at Wells Fargo; PT USD 31 Starbucks (SBUX) Downgraded to Hold at Punto Casa de Bolsa; PT USD 110 Sunbelt Rentals (SUNB) Downgraded to Underweight at JPMorgan; PT USD 75 Truist Financial (TFC) Downgraded to Neutral at Baird; PT USD 55 INITIATIONS Alpha & Omega Semi (AOSL) Initiated at New Strong Buy at Needham; PT USD 50 Apogee Therapeutics (APGE) Initiated at New Buy at Rothschild & Co Redburn Arista Networks (ANET) Reinstated Buy at William O'Neil Arrowhead Pharma (ARWR) Initiated at New Overweight at JPMorgan; PT USD 88 Artivion (AORT) Initiated at New Buy at Freedom Capital; PT USD 45 Astera Labs (ALAB) Initiated at New Neutral at Rothschild & Co Redburn Ciena (CIEN) Initiated at New Neutral at Rothschild & Co Redburn; PT USD 416 Coherent Corp (COHR) Initiated at New Buy at Rothschild & Co Redburn; PT USD 455 Credo Technology (CRDO) Initiated at New Buy at Rothschild & Co Redburn Dutch Bros (BROS) Initiated at New Outperform at Oppenheimer; PT USD 72 Evommune (EVMN) Initiated at New Buy at Stifel; PT USD 54 Littelfuse (LFUS) Initiated at New Buy at Needham; PT USD 450 Lumentum (LITE) Initiated at New Buy at Rothschild & Co Redburn; PT USD 1,270 Lyell Immunopharma (LYEL) Initiated at New Outperform at Baird; PT USD 49 Rubrik (RBRK) Initiated at New Outperform at Wolfe; PT USD 70 Septerna (SEPN) Initiated at New Buy at Stifel; PT USD 43 Suncrete (RMIX) Initiated at New Buy at Jefferies; PT USD 19