US BROKER MOVES: URBN upgraded at Goldman Sachs; HUBS downgraded at Wells Fargo

UPGRADES

• Akari Therapeutics (AKTX) Upgraded to Buy at Maxim Group; PT USD 30


• FRVO (FRVO) Upgraded to Buy at Jefferies; PT USD 34 (prev USD 41)


• Global Payments (GPN) Upgraded to Overweight at Morgan Stanley; PT USD 100 (prev USD 65)


• Harley-Davidson (HOG) Upgraded to Buy at Loop Capital


• Lumentum (LITE) Upgraded to Overweight at Barclays; PT USD 1,000


• Nebius Group (NBIS) Upgraded to Buy at Freedom Capital; PT USD 200 (prev USD 159)


• Netflix (NFLX) Upgraded to Buy at Phillip Securities; PT USD 110


• Urban Outfitters (URBN) Upgraded to Buy at Goldman Sachs; PT USD 93 (prev USD 76)


• U.S. Bancorp (USB) Upgraded to Outperform at Evercore ISI; PT USD 72 (prev USD 65)


• U.S. Bancorp (USB) Upgraded to Neutral at JPMorgan; PT USD 67.50 (prev USD 65)


• YETI Holdings (YETI) Upgraded to Buy at Goldman Sachs; PT USD 63 (prev USD 46)

DOWNGRADES

• Allegro MicroSystems (ALGM) Downgraded to Equalweight at Barclays; PT USD 48


• atai Life Sciences (ATAI) Downgraded to Hold at Berenberg


• atai Life Sciences (ATAI) Downgraded to Neutral at H.C. Wainwright; PT USD 7.50


• Birkenstock (BIRK) Downgraded to Neutral at Seaport Global Securities


• Charles River Laboratories (CRL) Downgraded to Hold at CLSA; PT USD 219


• Fidus Investment (FDUS) Downgraded to Market Perform at Keefe, Bruyette & Woods; PT USD 19.50


• F.N.B. Corporation (FNB) Downgraded to Neutral at BofA Securities; PT USD 19 (prev USD 20)


• HubSpot (HUBS) Downgraded to Equal Weight at Wells Fargo; PT USD 225 (prev USD 300)


• Monster Beverage (MNST) Downgraded to Hold at Deutsche Bank; PT USD 98 (prev USD 94)


• Pengu (PENG) Downgraded to Underweight at Barclays; PT USD 40


• Charles Schwab (SCHW) Downgraded to Market Perform at BMO Capital; PT USD 105


• StoneX Group (SNEX) Downgraded to Hold at Jefferies; PT USD 112 (prev USD 123)


• Truist Financial (TFC) Downgraded to Underweight at JPMorgan; PT USD 53 (prev USD 53.50)

INITIATIONS

• Adobe (ADBE) Initiated Outperform at CLSA; PT USD 300


• AerCap Holdings (AER) Initiated Buy at Citi; PT USD 173


• AN2 Therapeutics (ANTX) Initiated Buy at Guggenheim; PT USD 9


• Apollo Global Management (APO) Initiated Buy at HSBC; PT USD 145


• Apollo Global Management (APO) Initiated Market Perform at Keefe, Bruyette & Woods; PT USD 130


• Ares Management (ARES) Initiated Market Perform at Keefe, Bruyette & Woods; PT USD 122


• Broadway Financial (BWAY) Initiated Buy at BTIG; PT USD 18


• Crane (CR) Initiated Outperform at BMO Capital; PT USD 253


• Salesforce (CRM) Initiated Hold at CLSA; PT USD 165


• DPC (DPC) Initiated Buy at Rothschild Redburn; PT USD 53.50


• DPC (DPC) Initiated Buy at Jefferies; PT USD 56


• DPC (DPC) Initiated Equalweight at Morgan Stanley; PT USD 47


• DPC (DPC) Initiated Outperform at RBC Capital; PT USD 53


• Microsoft (MSFT) Initiated Outperform at CLSA; PT USD 535


• NN (NNBR) Initiated Buy at Craig-Hallum; PT USD 7


• ServiceNow (NOW) Initiated Underperform at CLSA; PT USD 72


• Enpro (NPO) Initiated Overweight at JPMorgan; PT USD 420


• Oracle (ORCL) Initiated Hold at CLSA; PT USD 145


• Ralliant (RAL) Initiated Market Perform at BMO Capital; PT USD 78


• ReNetX Bio (RNTX) Initiated Buy at Maxim Group; PT USD 4


• Regal Rexnord (RRX) Initiated Buy at Deutsche Bank; PT USD 286


• Shell (SHEL) Initiated Neutral at Mizuho; PT USD 98


• Soluna Holdings (SLNH) Initiated Buy at H.C. Wainwright; PT USD 4


• SOPHiA GENETICS (SOPH) Initiated Buy at H.C. Wainwright; PT USD 12


• Sportradar (SRAD) Initiated Buy at Freedom Capital; PT USD 20


• Neuronetics (STIM) Initiated Buy at BTIG; PT USD 5


• Starkey (STTK) Initiated Outperform at Leerink; PT USD 16


• TotalEnergies (TTE) Initiated Outperform at Mizuho; PT USD 103


• TTRX (TTRX) Initiated Buy at Ladenburg Thalmann; PT USD 26


• Vangent (VGNT) Initiated Buy at Goldman Sachs; PT USD 48


• Workday (WDAY) Initiated Underperform at CLSA; PT USD 92

20 Jul 2026 - 13:06- - Source: Market Source