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Upgrades:
> American Homes 4 Rent (AMH) upgraded to Outperform from In-line at Evercore ISI; tgt $36
> AvalonBay (AVB) upgraded to Outperform from In-line at Evercore ISI; tgt $194
> Catalent (CTLT) upgraded to Buy from Hold at Deutsche Bank; tgt raised to $88
> Emergent BioSolutions (EBS) upgraded to Buy from Hold at The Benchmark Company; tgt $22
> Kemper (KMPR) upgraded to Outperform from Neutral at Credit Suisse; tgt raised to $78
> McDonald’s (MCD) upgraded to Buy from Neutral at Northcoast; tgt $321
> NetApp (NTAP) upgraded to Buy from Hold at Stifel; tgt $75
> Northern Trust (NTRS) upgraded to Neutral from Underweight at JP Morgan; tgt lowered to $96.50
> SiteOne Landscape Supply (SITE) upgraded to Buy from Hold at Loop Capital; tgt $155
> Sociedad Quimica y Minera (SQM) upgraded to Neutral from Underperform at BofA Securities; tgt lowered to $85
> TFI International (TFII) upgraded to Positive from Neutral at Susquehanna; tgt lowered to $135
> Weyerhaeuser (WY) upgraded to Buy from Neutral at DA Davidson; tgt raised to $35
Downgrades:
> Block (SQ) downgraded to Mkt Perform from Outperform at Keefe Bruyette; tgt lowered to $75
> Cushman & Wakefield (CWK) downgraded to Neutral from Buy at Goldman; tgt lowered to $11
> Essex Property (ESS) downgraded to In-line from Outperform at Evercore ISI; tgt $236
> ICICI Bank (IBN) downgraded to Buy from Conviction Buy at Goldman
> Incyte (INCY) downgraded to Sector Perform from Outperform at RBC Capital Mkts; tgt lowered to $79
> Norfolk Southern (NSC) downgraded to Buy from Conviction Buy at Goldman; tgt lowered to $257
Others:
> Clearwater Analytics (CWAN) initiated with an Outperform at MoffettNathanson; tgt $19.50
> Excelerate Energy (EE) initiated with a Buy at Deutsche Bank; tgt $31
> Fiverr (FVRR) initiated with a Buy at BTIG Research; tgt $50
> GE HealthCare (GEHC) initiated with a Neutral at BTIG Research
> Ingersoll-Rand (IR) placed on 90-Day Upside Catalyst Watch
> New Fortress Energy (NFE) initiated with a Buy at Deutsche Bank; tgt $60
> Rallybio (RLYB) initiated with an Outperform at Wedbush; tgt $17
> Ribbon Communications (RBBN) initiated with a Mkt Outperform at JMP Securities; tgt $6
> Southwestern Energy (SWN) initiated with a Hold at Siebert Williams Shank; tgt $6
> Warner Bros. Discovery (WBD) initiated with a Buy at Truist; tgt $19
> Xometry (XMTR) initiated with a Mkt Outperform at JMP Securities; tgt $20
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