This report was sent to Briefing.com subscribers earlier today. 

Upgrades:

> Axalta Coating Systems (AXTA) upgraded to Outperform from Sector Perform at RBC Capital Mkts; tgt raised to $36

> Coinbase Global (COIN) upgraded to Buy from Neutral at Compass Point; tgt $100

> DraftKings (DKNG) upgraded to Buy from Neutral at BTIG Research; tgt $24

> TechnipFMC (FTI) upgraded to Buy from Neutral at Citigroup; tgt $18

Downgrades:

> Cohu (COHU) downgraded to Hold from Buy at Craig Hallum

> PennyMac Mortgage (PMT) downgraded to Neutral from Buy at BTIG Research

Others:

> Brown-Forman (BF.B) initiated with a Sell at Citigroup; tgt $62

> Church & Dwight (CHD) initiated with a Neutral at Citigroup; tgt $85

> Coca-Cola (KO) initiated with a Buy at Citigroup; tgt $68

> Colgate-Palmolive (CL) initiated with a Buy at Citigroup; tgt $84

> Constellation Brands (STZ) initiated with a Buy at Citigroup; tgt $265

> Coty (COTY) initiated with a Neutral at Citigroup; tgt $15

> Estee Lauder (EL) initiated with a Buy at Citigroup; tgt $295

> Keurig Dr Pepper (KDP) initiated with a Neutral at Citigroup; tgt $37

> Kimberly-Clark (KMB) initiated with a Sell at Citigroup; tgt $120

> Molson Coors Brewing (TAP) initiated with a Neutral at Citigroup; tgt $55

> Monster Beverage (MNST) initiated with a Buy at Citigroup; tgt $121

> Newell Brands (NWL) initiated with a Neutral at Citigroup; tgt $15

> PepsiCo (PEP) initiated with a Neutral at Citigroup; tgt $180

> Procter & Gamble (PG) initiated with a Buy at Citigroup; tgt $160