UPGRADES 
for Monday, 27 JUN 22
Symbol Company Analyst Firm Upgrading
AZO AutoZone Goldman *
CGIFF Chemtrade Logistics Income Fund Scotiabank *
CHWY Chewy Needham *
EYE National Vision Goldman *
FMS Fresenius Medical Jefferies *
GTLB GitLab Goldman *
HOOD Robinhood Markets Goldman
NVO Novo Nordisk A/S Exane BNP Paribas
ODFL Old Dominion Wells Fargo
OLLI Ollie's Bargain Outlet Goldman
PAM Pampa Energia S.A. Morgan Stanley
PPG PPG Industries Vertical Research *
SMPL Simply Good Foods Stephens
TEAM Atlassian Goldman *
VET Vermilion Energy Scotiabank *
WEC WEC Energy Group KeyBanc Capital Markets
* = Upgrade to BUY
DOWNGRADES 
for Monday, 27 JUN 22
Symbol Company Analyst Firm Downgrading
ALTR Altair Engineering Goldman *
BBBY Bed Bath & Beyond B. Riley Securities
CBRL Cracker Barrel BofA Securities
COIN Coinbase Global Goldman *
DSGX Descartes CIBC
EPZM Epizyme Wedbush
ETSY Etsy Needham
FCUUF Fission Uranium BMO Capital Markets
FND Floor & Decor Goldman
INFA Informatica Goldman
IOT Samsara Goldman
MCW Mister Car Wash Goldman *
RANJY Randstad Morgan Stanley
UFCS United Fire Group Piper Sandler
VRNS Varonis Systems Morgan Stanley
* = Downgrade to SELL
COVERAGE INITIATED 
for Monday, 27 JUN 22
Symbol Company Analyst Firm Downgrading Initial Recommendation
ALB Albemarle Credit Suisse Underperform
AXTI AXT Needham BUY *
BPMC Blueprint Medicines Wells Fargo Underweight
CE Celanese Credit Suisse Underperform
EVEX Eve Holding BTIG Research Neutral
GROV Grove Collaborative Holdings Telsey Advisory Group Outperform
IFF Intl Flavors Credit Suisse Outperform
LQDT Liquidity Services Craig Hallum BUY *
LYB LyondellBasell Credit Suisse Underperform
ML MoneyLion Loop Capital BUY *
RPM RPM Inc Credit Suisse Outperform
SG Sweetgreen BofA Securities Neutral
SIGI Selective Insurance Morgan Stanley Overweight