Top upgrades and downgrades on 5/25

• $Air Products & Chemicals (APD.US)$ : Atlantic Equities Upgrades to Overweight from Neutral - PT $290 (from $288)

• $CME Group (CME.US)$ : Oppenheimer Upgrades to Outperform from Perform - PT $223

• $Equitable (EQH.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $36

• $Diamondback Energy (FANG.US)$ : Barclays Upgrades to Overweight from Equalweight - PT $160 (from $162)

• $Kilroy Realty Corp (KRC.US)$ : Goldman Sachs Upgrades to Buy from Neutral - PT $84 (from $87)

• $Magellan Midstream (MMP.US)$ : JPMorgan Upgrades to Overweight from Neutral - PT $57 (from $52)

• $Sabra Health Care REIT Inc (SBRA.US)$ : Mizuho Securities Upgrades to Buy from Neutral - PT $15 (from $16)

• $Univar Solutions (UNVR.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $36 (from $30)

• $ASGN Inc (ASGN.US)$ : Credit Suisse Downgrades to Underperform from Neutral - PT $90 (from $110)

• $Best Buy (BBY.US)$ : Barclays Downgrades to Equal Weight from Overweight - PT $80 (from $135)

• $Devon Energy (DVN.US)$ : Barclays Downgrades to Equal Weight from Overweight - PT $73

• $Essential Properties Realty Trust Inc (EPRT.US)$ : Goldman Sachs Downgrades to Neutral from Buy - PT $26 (from $31)

• $2U Inc (TWOU.US)$ : Piper Sandler Downgrades to Underweight from Neutral - PT $9 (from $10)

• $Verrica Pharmaceuticals (VRCA.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $4 (from $16)

• $ALLETE (ALE.US)$ : BofA Securities initiates at Neutral - PT $63

• $Allegro Microsystems (ALGM.US)$ : Cowen initiates at Outperform - PT $30

• $Amylyx Pharmaceuticals (AMLX.US)$ : Citi initiates at Buy - PT $21

• $Amyris (AMRS.US)$ : Piper Sandler initiates at Neutral - PT $2.50

• $Blend Labs (BLND.US)$ : Compass Point initiates at Neutral - PT $4.20

• $Cazoo (CZOO.US)$ : Goldman Sachs initiates at Neutral - PT $2

• $Doma Holdings (DOMA.US)$ : Compass Point initiates at Neutral - PT $2

• $Pharvaris (PHVS.US)$ : JMP Securities initiates at Market Outperform - PT $34

• $Pliant Therapeutics (PLRX.US)$ : Cantor Fitzgerald initiates at Overweight - PT $28

• $Porch Group (PRCH.US)$ : Compass Point initiates at Buy - PT $11.50

• $SmartRent (SMRT.US)$ : Compass Point initiates at Buy - PT $8

• $Sqz Biotechnologies (SQZ.US)$ : Chardan Capital initiates at Buy - PT $17

• $Trevi Therapeutics (TRVI.US)$ : Oppenheimer initiates at Outperform - PT $10

• $Wallbox (WBX.US)$ : Cowen initiates at Outperform - PT $14