US BROKER MOVES: TXN upgraded at Mizuho; EXC downgraded at multiple firms after PECO withdrawal

UPGRADES Chevron (CVX) Upgraded to Outperform at BNP Paribas Exxon (XOM) Upgraded to Neutral at BNP Paribas; PT USD 165 Lufax (LU) ADRs Upgraded to Neutral at JPMorgan; PT USD 2 Onto Innovation (ONTO) Upgraded to Buy at Stifel; PT USD 350 Postal Realty (PSTL) Upgraded to Outperform at BMO; PT USD 23 Quaker Houghton (KWR) Upgraded to Buy at Seaport Global Securities Texas Instruments (TXN) Upgraded to Neutral at Mizuho Securities DOWNGRADES Agree Realty (ADC) Downgraded to Market Perform at BMO; PT USD 86 Albemarle (ALB) Downgraded to Neutral at Baird; PT USD 210 Apellis Pharma (APLS) Downgraded to Equal-Weight at Wells Fargo; PT USD 41 Camtek/Israel (CAMT) Downgraded to Hold at Stifel; PT USD 185 Clorox (CLX) Downgraded to Underweight at JPMorgan; PT USD 99 Exelon (EXC) Downgraded to Neutral at Mizuho Securities; PT USD 48 Exelon (EXC) Downgraded to Market Perform at BMO; PT USD 49 Exelon (EXC) Downgraded to Equal-Weight at Barclays; PT USD 49 Floor & Decor (FND) Downgraded to Underperform at BofA; PT USD 45 Fluence Energy (FLNC) Downgraded to Sell at UBS; PT USD 8 Global Net Lease (GNL) Downgraded to Market Perform at BMO; PT USD 10 Newmont Corp (NEM) Downgraded to Sector Perform at National Bank; PT USD 130 NXP Semi (NXPI) Downgraded to Underperform at Mizuho Securities Soleno (SLNO) Downgraded to Equal-Weight at Wells Fargo; PT USD 53 INITIATIONS Amneal Pharma (AMRX) Initiated at New Buy at UBS; PT USD 19 Boeing (BA) Initiated at New Equal-Weight at Oxcap; PT USD 222 Corvus Pharmaceuticals (CRVS) Initiated at New Buy at Goldman; PT USD 40 Critical Metals (CRML) Initiated at New Buy at Texas Capital; PT USD 20 Definium Therapeutics In (DFTX) Initiated at New Buy at Stifel; PT USD 30 FirstEnergy (FE) Initiated at New Hold at TD Cowen; PT USD 56 Four Corners Property (FCPT) Initiated at New Market Perform at BMO; PT USD 27 FrontView REIT (FVR) Initiated at New Outperform at BMO; PT USD 20 Golub Capital (GBDC) Initiated at New Outperform at RBC; PT USD 15 H2O America (HTO) Initiated at New Hold at TD Cowen; PT USD 64 Immunic Inc (IMUX) Initiated at New Buy at Stifel; PT USD 2.50 Netstreit (NTST) Initiated at New Outperform at BMO; PT USD 24 Northwest Natural (NWN) Initiated at New Hold at TD Cowen; PT USD 58 Repligen (RGEN) Initiated at New Buy at Rothschild & Co Redburn; PT USD 160 SharonAI (SHAZ) Initiated at New Buy at Lucid Capital Markets; PT USD 50 Spire (SR) Initiated at New Hold at TD Cowen; PT USD 101 W&T Offshore (WTI) Initiated at New Outperform at William Blair Woodward (WWD) Initiated at New Outperform at RBC; PT USD 450