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