Top upgrades and downgrades on 5/9

Upgrades

• $The Cigna Group(CI.US)$ : Cowen Upgrades to Outperform from Market Perform - PT $329 (from $242)

• $DLocal(DLO.US)$ : New Street Research Upgrades to Buy from Neutral - PT $38

• $Goodyear Tire & Rubber(GT.US)$ : CFRA Upgrades to Buy from Hold - PT $20 (from $24)

• $Match group(MTCH.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $115 (from $140)

• $Prestige Consumer Healthcare(PBH.US)$ : Oppenheimer Upgrades to Outperform from Perform - PT $63

• $Progressive(PGR.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $115 (from $85)

• $Playa Hotels & Resorts(PLYA.US)$ : Truist Securities Upgrades to Buy from Hold - PT $11 (from $8)

Downgrades

• $ACM Research(ACMR.US)$ : Goldman Sachs Downgrades to Neutral from Buy - PT $20

• $Arvinas(ARVN.US)$ : Wedbush Downgrades to Neutral from Outperform - PT $43 (from $98)

• $Black Knight(BKI.US)$ : KBW Downgrades to Market Perform from Outperform - PT $80

• $BankUnited(BKU.US)$ : Piper Sandler Downgrades to Underweight from Neutral - PT $41 (from $45)

• $Dish Network(DISH.US)$ : JPMorgan Downgrades to Neutral from Overweight - PT $30 (from $40)

• $iHeartMedia(IHRT.US)$ : JPMorgan Downgrades to Neutral from Overweight - PT $19 (from $28)

• $Melco Resorts and Entertainment(MLCO.US)$ : CICC Downgrades to Hold from Outperform - PT $6.30

• $Novartis AG(NVS.US)$ : Wolfe Research Downgrades to Peerperform from Outperform

• $PagSeguro Digital(PAGS.US)$ : New Street Research Downgrades to Neutral from Buy - PT $18 (from $40)

• $Professional Holding(PFHD.US)$ : Piper Sandler Downgrades to Neutral from Overweight - PT $24 (from $25)

• $Simmons First National(SFNC.US)$ : Piper Sandler Downgrades Sto Underweight from Neutral - PT $26

• $Virgin Galactic(SPCE.US)$ : Truist Securities Downgrades to Hold from Buy - PT $8 (from $24)

Initiated

• $Apartment Income(AIRC.US)$ : BTIG initiates at Neutral

• $Applied Digital(APLD.US)$ : B. Riley initiates at Buy - PT $10

• $Salesforce(CRM.US)$ : CICC initiates at Outperform - PT $219

• $Excelerate Energy(EE.US)$ : Morgan Stanley initiates at Equalweight - PT $31

• $Lantheus(LNTH.US)$ : B. Riley initiates at Buy - PT $91

• $Lufax(LU.US)$ : CICC initiates at Outperform - PT $7.80

• $NexPoint Residential Trust Inc(NXRT.US)$ : BTIG initiates at Neutral