U.S. RESEARCH ROUNDUP-Fortinet, Sailpoint, Zscaler

Fortinet Inc FTNT.O: Morgan Stanley cuts to underweight from equal-weight

Fortive Corp FTV.N: Morgan Stanley cuts to equal-weight from overweight

Sailpoint Inc SAIL.O: Morgan Stanley raises to overweight from equal-weight

Tempus Ai Inc TEM.O: H.C. Wainwright initiates coverage with buy rating

Zscaler Inc ZS.O: Morgan Stanley raises to overweight from equal-weight

5E Advanced Materials FEAM.O: H.C. Wainwright initiates coverage with buy rating and PT $7.5

Academy Sports and Outdoors Inc ASO.O: UBS raises target price to $52 from $48

Acuity Inc AYI.N: Wells Fargo raises target price to $380 from $320

Acuity Inc AYI.N: Wells Fargo raises to overweight from equal weight

Affiliated Managers Group Inc AMG.N: BofA Global Research raises PO to $331 from $236

Affiliated Managers Group Inc AMG.N: BofA Global Research raises to buy from neutral

Affirm Holdings Inc AFRM.O: Mizuho raises PT to $108 from $70

Ally Financial Inc ALLY.N: Wells Fargo raises target price to $45 from $37

Ally Financial Inc ALLY.N: Wells Fargo raises to equal weight from underweight

Alnylam Pharmaceuticals Inc ALNY.O: Citigroup raises target price to $583 from $527

Alnylam Pharmaceuticals Inc ALNY.O: Leerink Partners raises PT to $347 from $343

Alphabet Inc GOOGL.O: D.A. Davidson raises target price to $190

American Axle & Manufacturing AXL.N: RBC raises target price to $8 from $6

American Axle & Manufacturing AXL.N: RBC raises to outperform from sector perform

Ametek AME.N: TD Cowen raises to hold from sell; raises target price to $180 from $158

Avidbank Holdings AVBH.O: Piper Sandler assumes coverage with overweight rating; PT $31

Brown-Forman BFb.N: Barclays cuts target price to $32 from $33

Brown-Forman Corp BFb.N: JP Morgan cuts target price to $29 from $30

Caretrust REIT Inc CTRE.N: Raymond James raises target price to $39 from $35

Cava Group Inc CAVA.N: Argus Research cuts target price to $76 from $110

Celsius Holdings Inc CELH.O: Morgan Stanley raises target price to $61.00 from $56.00

Celsius Holdings Inc CELH.O: Roth MKM raises target price to $70 from $58

Celsius Holdings Inc CELH.O: Stifel raises target price to $70 from $56

Celsius Holdings Inc CELH.O: TD Cowen raises target price to $72 from $60

Celsius Holdings Inc CELH.O: UBS raises target price to $73 from $64

Chemed Corp CHE.N: Jefferies raises to buy from hold; raises PT to $550 from $490

Columbia Banking System Inc COLB.O: Piper Sandler raises PT to $35 from $32

Cormedix Inc CRMD.O: RBC raises target price to $23 from $21

Corning GLW.N: UBS raises to buy from neutral; raises target price to $84 from $65

Cytokinetics Inc CYTK.O: Jefferies raises target price to $80 from $70

Dana Inc DAN.N: RBC raises target price to $26 from $24

Delek US Holdings Inc DK.N: UBS raises target price to $29 from $24

Dick's Sporting Goods Inc DKS.N: TD Cowen raises target price to $233 from $231

Dick's Sporting Goods, Inc. DKS.N: Barclays raises target price to $246 from $232

DR Horton Inc DHI.N: Wells Fargo raises target price to $190 from $175

Dupont DD.N: BMO raises target price to $107 from $101

Dupont DD.N: Mizuho raises target price to $90 from $85

Edison International EIX.N: Jefferies raises target price to $70 from $67

Elf Beauty ELF.N: Deutsche Bank cuts to hold from buy; raises PT to $128 from $121

Firefly Aerospace FLY.O: Deutsche Bank initiates coverage with hold rating; PT $45

Firefly Aerospace FLY.O: Jefferies initiates coverage with buy rating; PT $60

Firefly Aerospace FLY.O: JP Morgan initiates coverage with overweight rating; PT $55

Firefly Aerospace FLY.O: Morgan Stanley initiates coverage with equal weight rating; PT $52

First Bancorp (North Carolina) FBNC.O: KBW raises target price to $62.00 from $53.00

Flutter Entertainment Plc FLUT.N: BofA Global Research raises PO to $350 from $340

Fortinet Inc FTNT.O: Morgan Stanley cuts target price to $67 from $78

Fortinet Inc FTNT.O: Morgan Stanley cuts to underweight from equal-weight

Fortive Corp FTV.N: Morgan Stanley cuts target price to $50.00 from $90.00

Fortive Corp FTV.N: Morgan Stanley cuts to equal-weight from overweight

Frontier Group Holdings Inc ULCC.O: Deutsche Bank raises target price to $8 from $4

Frontier Group Holdings Inc ULCC.O: Deutsche Bank raises to buy from hold

Gen Digital Inc GEN.O: Morgan Stanley raises target price to $32 from $25

Goosehead Insurance Inc GSHD.O: Piper Sandler cuts target price to $92 from $109

Hartford Insurance Group Inc HIG.N: Piper Sandler raises PT to $150 from $145

Heartflow Inc HTFL.O: Canaccord Genuity initiates coverage with buy rating; PT $35

Heartflow Inc HTFL.O: JP Morgan initiates coverage with overweight rating; PT $36

Heartflow Inc HTFL.O: Piper Sandler initiates coverage with overweight rating; PT $38

Heartflow Inc HTFL.O: Stifel initiates coverage with buy rating; target price $35

Heico Corporation HEI.N: Barclays raises target price to $300 from $280

Hewlett Packard Enterprise Co HPE.N: BofA Global Research raises PO to $25 from $24

Hexcel Corp HXL.N: UBS raises to buy from neutral; raises PT to $80 from $65

Hubbell Inc HUBB.N: Wells Fargo raises target price to $490 from $445

Hubbell Inc HUBB.N: Wells Fargo raises to overweight from equal weight

Humana HUM.N: BofA Global Research raises price objective to $312 from $285

Ideaya Biosciences Inc IDYA.O: RBC raises target price to $36 from $30

Insmed Inc INSM.O: Leerink Partners raises target price to $150 from $133

Inspire Medical Systems INSP.N: Evercore ISI initiates coverage with outperform rating; PT $150

Ionis Pharmaceuticals Inc IONS.O: Jefferies raises target price to $96 from $83

Ionis Pharmaceuticals Inc IONS.O: Leerink Partners raises PT to $62 from $56

Ionis Pharmaceuticals Inc IONS.O: Oppenheimer raises target price to $81 from $78

Ionis Pharmaceuticals Inc IONS.O: Piper Sandler raises target price to $70 from $65

Ionis Pharmaceuticals, Inc. IONS.O: H.C. Wainwright raises PT to $95 from $70

ITT Inc ITT.N: UBS raises target price to $200 from $168

Jamf Holding Corp JAMF.O: Morgan Stanley cuts target price to $10 from $14

KB Home KBH.N: Wells Fargo raises target price to $60 from $50

Lennar Corp LEN.N: Wells Fargo raises target price to $135 from $110

Ligand Pharmaceuticals Inc LGND.O: Benchmark raises target price to $175

LPL Financial Holdings Inc LPLA.O: Barclays cuts target price to $460 from $463

Mannkind Corp MNKD.O: H.C. Wainwright raises target price to $11 from $9

Maze Therapeutics Inc MAZE.O: BTIG initiates coverage with buy rating; PT $30

McDonald's MCD.N: TD Cowen raises target price to $330 from $315

Mp Materials Corp MP.N: D.A. Davidson raises target price to $82 from $32

Nextnrg Inc NXXT.O: H.C. Wainwright initiates coverage with buy rating; PT $5

Old Republic International Corp ORI.N: Piper Sandler raises PT to $45 from $41

Omega Healthcare Investors Inc OHI.N: Raymond James raises PT to $46 from $42

Palo Alto Networks Inc PANW.O: Morgan Stanley raises target price to $216 from $210

Pelthos Therapeutics PTHS.A: Oppenheimer initiates coverage with outperform rating; PT $50

Performance Food Group Co PFGC.N: Piper Sandler raises target price to $114 from $90

Performance Food Group Co PFGC.N: Piper Sandler raises to overweight from neutral

PG&E Corp PCG.N: Jefferies raises target price to $22 from $19

Procept Biorobotics PRCT.O: Oppenheimer raises to outperform from perform

Processa Pharmaceuticals Inc PCSA.O: H.C. Wainwright cuts target price to $1 from $2

Pultegroup Inc PHM.N: Wells Fargo raises target price to $150 from $135

Ralliant Corp RAL.N: Morgan Stanley initiates coverage with overweight rating; PT $55

Rapid7 Inc RPD.O: Morgan Stanley cuts target price to $22 from $28

Sailpoint Inc SAIL.O: Morgan Stanley raises to overweight from equal-weight

Sentinelone Inc S.N: Morgan Stanley raises target price to $20 from $18

Simon Property Group Inc SPG.N: Stifel cuts to hold from buy

Slide Insurance Holdings Inc SLDE.O: Piper Sandler cuts target price to $18 from $25

Tempus Ai Inc TEM.O: H.C. Wainwright initiates coverage with buy rating

Ulta Beauty Inc ULTA.O: Barclays raises target price to $617 from $589

United Therapeutics Corp UTHR.O: Jefferies raises target price to $564 from $432

United Therapeutics Corp UTHR.O: TD Cowen raises target price to $500 from $400

UPS UPS.N: BofA Global Research cuts price objective to $91 from $98

Urban Outfitters Inc URBN.O: UBS raises target price to $79 from $78

US Foods Holding Corp USFD.N: Piper Sandler raises target price to $85 from $77

Varonis Systems Inc VRNS.O: Morgan Stanley raises target price to $66 from $59

Vital Farms Inc VITL.O: BMO raises target price to $50 from $60

Welltower Inc WELL.N: Raymond James raises target price to $195 from $175

Whitefiber Inc WYFI.O: Macquarie initiates coverage with outperform rating; PT $28

Whitefiber Inc WYFI.O: Needham initiates coverage with buy rating; price target $34

Williams-Sonoma Inc WSM.N: Argus Research raises target price to $212 from $190

Zscaler Inc ZS.O: Morgan Stanley raises target price to $320.00 from $280.00

Zscaler Inc ZS.O: Morgan Stanley raises to overweight from equal-weight