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Upgrades:
> Carnival (CCL) upgraded to Positive from Neutral at Susquehanna; tgt $11
> Enbridge (ENB) upgraded to Neutral from Underperform at Credit Suisse
> Hartford Financial (HIG) upgraded to Buy from Neutral at Goldman; tgt $84
> Invesco (IVZ) upgraded to Neutral from Underperform at Credit Suisse; tgt raised to $15
> lululemon athletica (LULU) upgraded to Buy from Neutral at Citigroup; tgt raised to $440
> lululemon athletica (LULU) upgraded to Outperform from Neutral at KGI Securities; tgt $394
> Marathon Petroleum (MPC) upgraded to Buy from Neutral at Goldman; tgt raised to $150
> Nextracker (NXT) upgraded to Buy from Neutral at BofA Securities; tgt raised to $40
> Omnicom (OMC) upgraded to Neutral from Underperform at Exane BNP Paribas; tgt $96
Downgrades:
> Bath & Body Works (BBWI) downgraded to Neutral from Buy at UBS
> Burlington Stores (BURL) downgraded to Sell from Neutral at UBS
> Ciena (CIEN) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $57
> Delek US Holdings (DK) downgraded to Neutral from Buy at Goldman; tgt lowered to $24
> Foot Locker (FL) downgraded to Sell from Neutral at UBS
> Interpublic (IPG) downgraded to Neutral from Outperform at Exane BNP Paribas; tgt $40
> Macy’s (M) downgraded to Hold from Accumulate at Gordon Haskett; tgt $18
> Medtronic (MDT) downgraded to Sell from Buy at UBS; tgt lowered to $79
> Penumbra (PEN) downgraded to Hold from Buy at Needham
> Ross Stores (ROST) downgraded to Sell from Neutral at UBS
> Urban Outfitters (URBN) downgraded to Sell from Neutral at UBS
Others:
> Abbott Labs (ABT) initiated with a Buy at UBS; tgt $117
> American Homes 4 Rent (AMH) initiated with an Equal Weight at Wells Fargo; tgt $31
> AvalonBay (AVB) initiated with an Overweight at Wells Fargo; tgt $184
> Baxter (BAX) initiated with a Neutral at UBS; tgt $43
> Boston Scientific (BSX) initiated with a Buy at UBS; tgt $57
> Butterfly Network (BFLY) initiated with a Neutral at UBS; tgt $2.25
> Camden Property (CPT) initiated with an Underweight at Wells Fargo; tgt $102
> Confluent (CFLT) initiated with a Buy at Mizuho; tgt $28
> Deere (DE) initiated with an Outperform at Daiwa Securities; tgt $440
> Dexcom (DXCM) initiated with a Buy at UBS; tgt $142
> Edwards Lifesciences (EW) initiated with a Neutral at UBS; tgt $84
> Enliven Therapeutics (ELVN) initiated with a Buy at Jefferies; tgt $27
> Equity Lifestyle Properties (ELS) initiated with an Overweight at Wells Fargo; tgt $75.50
> Equity Residential (EQR) initiated with an Equal Weight at Wells Fargo; tgt $62
> Essex Property (ESS) initiated with an Underweight at Wells Fargo; tgt $208
> GitLab (GTLB) initiated with a Neutral at Mizuho; tgt $38
> Hershey Foods (HSY) initiated with an Underweight at Wells Fargo; tgt raised to $255
> InMode (INMD) initiated with a Buy at UBS; tgt $40
> Inspire Medical Systems (INSP) initiated with a Buy at UBS; tgt $300
> Intuitive Surgical (ISRG) initiated with a Neutral at UBS; tgt $278
> Invitation Homes (INVH) initiated with an Overweight at Wells Fargo; tgt $33.50
> Johnson & Johnson (JNJ) initiated with a Neutral at UBS; tgt $164
> Legend Biotech (LEGN) initiated with a Buy at H.C. Wainwright; tgt $66
> lululemon athletica (LULU) placed on Analyst Focus List at JP Morgan; tgt $430
> Mid-America Aptmt (MAA) initiated with an Equal Weight at Wells Fargo; tgt $156.50
> Playtika (PLTK) resumed with a Neutral at Goldman; tgt $12
> SEI Investments (SEIC) initiated with a Neutral at Piper Sandler; tgt $60
> Stryker (SYK) initiated with a Neutral at UBS; tgt $287
> Sun Communities (SUI) initiated with an Equal Weight at Wells Fargo; tgt $151
> Tandem Diabetes Care (TNDM) initiated with a Neutral at UBS; tgt $45
> UDR (UDR) initiated with an Overweight at Wells Fargo; tgt $44.50
> Zimmer Biomet (ZBH) initiated with a Sell at UBS; tgt $112
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