Initiated Outperform X

ABT Abbott Labs

Oppenheimer

$130

Initiated Buy X

ACLX Arcellx

Redburn Atlantic

$109

Upgrades Neutral Buy X

AFRM Affirm

BTIG Research

$68

Downgrades Neutral Sell X

AXP American Express

BTIG Research

$230

Downgrades Buy Hold X

AXP American Express

HSBC Securities

$265 $270

Initiated Buy X

BCS Barclays PLC

Goldman

Downgrades Buy Hold X

BUD Anheuser-Busch InBev

TD Cowen

$88

Downgrades Buy Neutral X

CME CME Group

Redburn Atlantic

$244

Initiated Neutral X

CRWD CrowdStrike

Exane BNP Paribas

$285

Upgrades Underperform Sec Perform X

CX CEMEX S.A.

RBC Capital Mkts

$9 $6.50

Initiated Outperform X

DDOG Datadog

Exane BNP Paribas

$150

Reiterated Buy X

DECK Deckers Outdoor

Truist

$204.17 $205

Initiated Neutral X

DT Dynatrace

Exane BNP Paribas

$52

Initiated Outperform X

FXNC First National

Hovde Group

$22

Downgrades Buy Hold X

FYBR Frontier Communications Parent

TD Cowen

Initiated Buy X

GMAB Genmab

Redburn Atlantic

Upgrades Mkt Perform Outperform X

HUM Humana

Bernstein

$308

Initiated Positive X

HWM Howmet Aerospace

Susquehanna

$120

Initiated Neutral X

IOT Samsara

Exane BNP Paribas

$46

Initiated Buy X

LEGN Legend Biotech

Redburn Atlantic

$86

Resumed Buy X

LNW Light & Wonder

B. Riley Securities

$120

Upgrades Hold Buy X

MCD McDonald’s

Argus

Reiterated Neutral X

MO Altria

Citigroup

$44.50 $48

Initiated Buy X

MORN Morningstar

UBS

$390

Downgrades Outperform Perform X

MSFT Microsoft

Oppenheimer

Initiated Underperform X

NET Cloudflare

Exane BNP Paribas

$65

Reiterated Buy X

NOW ServiceNow

UBS

$900 $1055

Initiated Equal Weight X

NVST Envista

Wells Fargo

$20

Downgrades Overweight Eq Weight X

OMF OneMain Holdings

Barclays

$52 $46

Downgrades Outperform Peer Perform X

OTIS Otis Worldwide

Wolfe Research

Initiated Outperform X

PANW Palo Alto Networks

Exane BNP Paribas

$410

Downgrades Overweight Sec Weight X

QCOM Qualcomm

KeyBanc Capital Markets

Initiated Overweight X

RCUS Arcus Biosciences

Wells Fargo

$29

Upgrades Neutral Buy X

SAVA Cassava Sciences

H.C. Wainwright

$116

Upgrades Peer Perform Outperform X

SNCY Sun Country Airlines

Wolfe Research

$14

Downgrades Buy Hold X

STZ Constellation Brands

TD Cowen

$300 $270

Downgrades Overweight Sec Weight X

SYNA Synaptics

KeyBanc Capital Markets

Reiterated Hold X

TAP Molson Coors Brewing

TD Cowen

$58 $56

Downgrades Buy Hold X

TCOM Trip.com Group

HSBC Securities

Upgrades Underweight Eq Weight X

UWMC UWM Holdings

Barclays

$6 $8

Initiated Outperform X

VEEV Veeva Systems

Exane BNP Paribas

$286

Upgrades Hold Buy X

WAT Waters

Jefferies

$355 $415

Upgrades Peer Perform Outperform X

WFC Wells Fargo

Wolfe Research

$65

Reiterated Outperform X

WMT Walmart

Telsey Advisory Group

$82 $92

Initiated Neutral X

ZS Zscaler

Exane BNP Paribas

$180