Top upgrades and downgrades on 5/23

Upgrades

• $CubeSmart(CUBE.US)$ : Raymond James Upgrades to Strong Buy from Outperform - PT $52 (from $60)

• $DTE Energy(DTE.US)$ : Credit Suisse Upgrades to Outperform from Neutral - PT $140 (from $142)

• $Consolidated Edison(ED.US)$ : Guggenheim Upgrades to Neutral from Sell - PT $94 (from $80)

• $Motorola Solutions(MSI.US)$ : Morgan Stanley Upgrades to Overweight from Equalweight - PT $240

• $Central North Airport(OMAB.US)$ : Morgan Stanley Upgrades to Overweight from Equal Weight - PT $71

• $Saia(SAIA.US)$ : UBS Upgrades to Buy from Neutral - PT $240 (from $213)

• $Treehouse Foods(THS.US)$ : Truist Securities Upgrades to Buy from Hold - PT $50 (from $35)

• $Trimble(TRMB.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $67 (from $70)

• $Zebra Technologies(ZBRA.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $335 (from $400)

Downgrades

• $Autodesk(ADSK.US)$ : Deutsche Bank Downgrades to Hold from Buy - PT $225 (from $275)

• $Athersys(ATHX.US)$ : BofA Securities Downgrades to Underperform from Neutral - PT $0.25 (from $1)

• $Axon Enterprise(AXON.US)$ : Morgan Stanley Downgrades to Equalweight from Overweight - PT $120

• $Covetrus(CVET.US)$ : Raymond James Downgrades to Market Perform from Outperform

• $Chevron(CVX.US)$ : Societe Generale Downgrades to Hold from Buy - PT $175 (from $130)

• $Dow Inc(DOW.US)$ : Piper Sandler Downgrades to Neutral from Overweight - PT $78 (from $84)

• $Frontdoor(FTDR.US)$ : Truist Securities Downgrades to Hold from Buy

• $Corning(GLW.US)$ : Citigroup Downgrades to Neutral from Buy - PT $37 (from $46)

• $HP Inc(HPQ.US)$ : Citigroup Downgrades to Neutral from Buy - PT $38 (from $40)

• $JBG SMITH Properties(JBGS.US)$ : Wolfe Research Downgrades to Peerperform from Outperform - PT $26 (from $35)

• $Korea Electric Power(KEP.US)$ : CFRA Downgrades to Sell from Hold

• $Lululemon Athletica(LULU.US)$ : KGI Securities Downgrades to Neutral from Outperform - PT $271

• $LyondellBasell Industries(LYB.US)$ : Piper Sandler Downgrades to Neutral from Overweight - PT $115 (from $119)

• $Nike(NKE.US)$ : KGI Securities Downgrades to Neutral from Outperform - PT $106

• $Realty Income(O.US)$ : Wolfe Research Downgrades to Peerperform from Outperform - PT $73

• $Pactiv Evergreen(PTVE.US)$ : Citigroup Downgrades to Neutral from Buy - PT $12 (from $10)

• $Skillz(SKLZ.US)$ : Citigroup Downgrades to Neutral from Buy - PT $2.10 (from $5)

• $Tencent(TCEHY.US)$ : Barclays Downgrades to Equalweight from Overweight - PT $44 (from $55)

Initiated

• $AbbVie(ABBV.US)$ : SVB Leerink initiates at Underperform - PT $140

• $Alteryx(AYX.US)$ : FBN Securities initiates at Outperform - PT $80

• $Disney(DIS.US)$ : KGI Securities initiates at Outperform - PT $145

• $Gilead Sciences(GILD.US)$ : SVB Leerink initiates at Market Perform - PT $68

• $Halozyme Therapeutics(HALO.US)$ : SVB Leerink initiates at Outperform - PT $52

• $Hain Celestial(HAIN.US)$ : Cowen initiates at Outperform - PT $34

• $Horizon Therapeutics(HZNP.US)$ : SVB Leerink initiates at Market Perform - PT $95

• $Century Therapeutics(IPSC.US)$ : H.C. Wainwright initiates at Buy - PT $27

• $Johnson & Johnson(JNJ.US)$ : SVB Leerink initiates at Outperform - PT $200

• $Lancaster Colony(LANC.US)$ : Cowen initiates at Market Perform - PT $140

• $Ouster(OUST.US)$ : Cantor Fitzgerald initiates at Overweight - PT $8

• $Piedmont Lithium(PLL.US)$ : Cowen initiates at Outperform - PT $90

• $Porch Group(PRCH.US)$ : JPMorgan initiates at Overweight - PT $8

• $Regeneron Pharmaceuticals(REGN.US)$ : SVB Leerink initiates at Outperform - PT $738

• $Roivant Sciences(ROIV.US)$ : SVB Leerink initiates at Market Perform - PT $6

• $Sanofi(SNY.US)$ : SVB Leerink initiates at Market Perform - PT $64

• $Theravance Biopharma(TBPH.US)$ : SVB Leerink initiates at Outperform - PT $12

• $Upwork(UPWK.US)$ : RBC Capital initiates at Sector Perform - PT $21

• $Vertex Pharmaceuticals(VRTX.US)$ : SVB Leerink initiates at Market Perform - PT $265

• $Westinghouse Air Brake Technologies(WAB.US)$ : Atlantic Equities initiates at Overweight - PT $101