• Applovin: Jefferies analyst Andrew Uerkwitz raised the recommendation on AppLovin Corp. Class A to buy from hold. PT set to $50, implies a 28% increase from last price.
  • Aviva plc (av/ ln): AlphaValue/Baader Europe maintains its buy recommendation and raises its target price from GBp 547 to GBp 475.
  • Axon: Morgan Stanley initiated coverage of Axon Enterprise Inc. with a recommendation of equal-weight. PT set to $230, implies a 17% increase from last price.
  • Bae systems: Shore Capital maintains its buy recommendation with a price target reduced from 1205 to 1131 GBp.
  • Celldex: Wells Fargo Securities initiated coverage with a recommendation of underweight. PT down 31% to $21.
  • Cognizant: J.P. Morgan upgrades to neutral from underweight. PT up 12% to $77.
  • Edison International: Mizuho Securities Co Ltd upgrades to buy from neutral. PT up 8.7% to $75.
  • Emerson Electric: J.P. Morgan upgrades to overweight from neutral. PT up 13% to $107.
  • Evercore: Goldman Sachs downgrades to neutral from buy. PT up 5% to $140.
  • Hays plc (has ln): BNP Paribas Exane upgrades from neutral to outperform, with price target raised from 120 to 125 GBp.
  • Jefferies: Goldman Sachs upgrades to buy from neutral. PT up 17% to $40.
  • Pinnacle West: Mizuho Securities upgrades to buy from neutral. PT up 9.4% to $85.
  • Rhi magnesita: Kepler Cheuvreux maintains its buy recommendation on the stock, with a price target raised from 3,000 to 3,500 GBp.
  • Rs group plc (rs1 ln): BNP Paribas Exane upgrades from Neutral to Outperform with a price target reduced from GBp 1000 to GBp 965.
  • Target: Daiwa Securities downgrades to neutral from outperform. PT up 4.9% to $134.