Analyst recommendations: Carmax, American Airlines, Applovin, Pure Storage…

Every morning, find a selection of analysts' recommendations covering North America. The list only includes companies that have been the subject of a change of opinion or price target, or of a new coverage. It may be updated during the session. This information can be used to shed light on movements in certain stocks or on market sentiment towards a company.

• Carmax, Inc.: Oppenheimer downgrades to market perform from outperform.
• Kenvue Inc.: Rothschild & Co Redburn upgrades to buy from neutral and reduces the target price from USD 22.50 to USD 22.
• Warner Bros. Discovery, Inc.: KeyBanc Capital Markets downgrades to sector weight from overweight.
• American Airlines Group Inc.: BNP Paribas Exane maintains its neutral recommendation and raises the target price from USD 9 to USD 11.
• Applovin Corporation: Piper Sandler & Co maintains its overweight recommendation and raises the target price from USD 500 to USD 740.
• Arista Networks Inc: CICC maintains its outperform recommendation and raises the target price from USD 131 to USD 164.
• Kratos Defense & Security Solutions, Inc.: Baird maintains its outperform rating and raises the target price from USD 70 to USD 87.
• Pure Storage, Inc.: Wells Fargo maintains its overweight recommendation and raises the target price from USD 80 to USD 100.
• Synopsys, Inc.: Rothschild & Co Redburn maintains its buy recommendation and reduces the target price from USD 700 to USD 550.