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

Upgrades:

> Centrica (CPYYY) upgraded to Buy from Hold at Jefferies

> Drax Group (DRXGY) upgraded to Buy from Hold at Jefferies

> Pure Storage (PSTG) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $37

> Reckitt Benckiser (RBGLY) upgraded to Hold from Underperform at Jefferies

Downgrades:

> Ageas SA/NV (AGESY) downgraded to Equal-Weight from Overweight at Morgan Stanley

> DigitalOcean (DOCN) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets

> Financial Inst. (FISI) downgraded to Market Perform from Outperform at Hovde Group; tgt lowered to $29

> Newell Brands (NWL) downgraded to Underweight from Equal Weight at Barclays; tgt lowered to $11

> Sanmina (SANM) downgraded to Neutral from Buy at Sidoti

> SmartFinancial (SMBK) downgraded to Neutral from Buy at DA Davidson; tgt $33

> TuSimple Holdings (TSP) downgraded to Underperform from Neutral at BofA Securities

> Y-mAbs Therapeutics (YMAB) downgraded to Neutral from Buy at Kempen; tgt $6

Others:

> ADT (ADT) resumed with an Equal-Weight at Morgan Stanley; tgt $8

> Dell (DELL) initiated with a Hold at Jefferies; tgt $39

> Federated Hermes (FHI) removed from Tactical Outperform List at Evercore ISI

> Globalstar (GSAT) initiated with a Buy at Craig Hallum; tgt $5

> nCino (NCNO) initiated with a Sector Outperform at Scotiabank; tgt $42

> NetApp (NTAP) initiated with a Buy at Jefferies; tgt $88

> Procore Technologies (PCOR) initiated with a Sector Perform at Scotiabank

> ServiceNow (NOW) initiated with an Overweight at CapitalOne; tgt $516

> SES AI Corporation (SES) initiated with a Market Perform at Cowen

> Solid Power (SLDP) initiated with a Market Perform at Cowen

Research calls posted earlier this morning are available here and here.

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