U.S. Markets

US BROKER MOVES: Deluge of MRVL upgrades after strong earnings; TTD downgraded at Wedbush

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UPGRADES BWA upgraded from Sell to Neutral at UBS; PT USD 55 CIEN upgraded from Neutral to Buy at BofA Securities; PT USD 355 (prev. USD 260) CRWV upgraded from N/A to Perform at Oppenheimer; PT USD 140 DOW upgraded from Neutral to Overweight at JPMorgan; PT USD 40 (prev. USD 26) FA upgraded from Equalweight to Overweight at Barclays; PT USD 15 (prev. USD 14) HAYW upgraded from Underperform to Buy at BofA Securities; PT USD 19 (prev. USD 15) ICE upgraded from Hold to Buy at Deutsche Bank; PT USD 188 (prev. USD 180) INTU upgraded from Neutral to Buy at Northcoast; PT USD 575 IQV upgraded from Equalweight to Overweight at Barclays; PT USD 210 KRMN upgraded from Neutral to Overweight at Piper Sandler; PT USD 127 (prev. USD 110) MEDP upgraded from Underweight to Equalweight at Barclays; PT USD 500 MRVL upgraded from Hold to Buy at Benchmark; PT USD 130 MRVL upgraded from Neutral to Buy at BofA Securities; PT USD 110 (prev. USD 90) MRVL upgraded from Neutral to Outperform at KGI Securities; PT USD 110 OKTA upgraded from Market Perform to Outperform at BMO Capital; PT USD 97 SYBT upgraded from Market Perform to Outperform at Hovde Group; PT USD 75 TME upgraded from Hold to Buy at 86Research; PT USD 17.40 UNF upgraded from Underweight to Equalweight at Barclays; PT USD 250 (prev. USD 145) DOWNGRADES ADT downgraded from Equalweight to Underweight at Barclays; PT USD 7 (prev. USD 9) AES downgraded from Overweight to Equalweight at Morgan Stanley; PT USD 15 (prev. USD 23) AVTR downgraded from Equalweight to Underweight at Barclays; PT USD 8.50 BRLT downgraded from Buy to Neutral at B. Riley; PT USD 1.50 (prev. USD 3) BRLT downgraded from Overweight to Sector Weight at KeyBanc CERT downgraded from Overweight to Equalweight at Barclays; PT USD 8 DKL downgraded from Buy to Neutral at Citi; PT USD 52 (prev. USD 47) EHAB downgraded from Buy to Hold at TD Cowen; PT USD 13.80 (prev. USD 12) PACB downgraded from Equalweight to Underweight at Barclays; PT USD 1.50 SJM downgraded from Buy to Hold at CBRE Equity Research SKT downgraded from Buy to Neutral at BofA Securities; PT USD 39 TTD downgraded from Outperform to Neutral at Wedbush; PT USD 23 WBD downgraded from Buy to Neutral at MoffettNathanson; PT USD 31 INITIATIONS ALXO initiated at Buy at UBS; PT USD 6 CUBI initiated at Overweight at JPMorgan; PT USD 90 ERII initiated at Buy at Northcoast; PT USD 14 ITRI initiated at Buy at Needham; PT USD 124 IVT initiated at Overweight at KeyBanc; PT USD 35 MPAA initiated at Outperform at Oppenheimer; PT USD 18 NRG initiated at Buy at Goldman Sachs; PT USD 197 REGN initiated at Overweight at Barclays; PT USD 923 SBC initiated at Buy at BTIG; PT USD 8 SRTS initiated at Buy at Alliance Global Partners; PT USD 7.50 STTK initiated at Buy at Needham; PT USD 25

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