UPGRADES 
for Tuesday, 28 JUN 22
Symbol Company Analyst Firm Upgrading
ALV Autoliv Exane BNP Paribas
BANR Banner Janney *
BOSSY Hugo Boss AG Jefferies *
FTNT Fortinet BMO Capital Markets
MCHP Microchip Stifel *
OVV Ovintiv JP Morgan
RIOT Riot Blockchain Compass Point *
SNOW Snowflake Jefferies *
TAP Molson Coors Brewing Goldman
UTI Universal Technical Institute Argus *
* = Upgrade to BUY
DOWNGRADES 
for Tuesday, 28 JUN 22
Symbol Company Analyst Firm Downgrading
CGNT Cognyte Software William Blair
DNKEY Danske Bank A/S JP Morgan
EBAY eBay UBS
EM Smart Share Global Goldman
EPZM Epizyme Cowen
FTCH Farfetch UBS
HENKY Henkel AG Morgan Stanley
JELD JELD-WEN Wells Fargo
NSRGY Nestle Morgan Stanley
NVO Novo Nordisk A/S UBS *
POR Portland Gen Elec Mizuho
SAM Boston Beer Co Goldman *
SHEN Shenandoah Telecom Raymond James
SHI Shanghai Petrochemical Morgan Stanley
STLA Stellantis Exane BNP Paribas
STT State Street Deutsche Bank
WFAFY Wesfarmers JP Morgan
* = Downgrade to SELL
COVERAGE INITIATED 
for Tuesday, 28 JUN 22
Symbol Company Analyst Firm Downgrading Initial Recommendation
ARCB ArcBest Credit Suisse Outperform
BALY Bally's Corporation JMP Securities Mkt Perform
CHRW C.H. Robinson Credit Suisse Underperform
CNI Canadian Nat'l Rail Credit Suisse Neutral
COGT Cogent Biosciences Guggenheim BUY *
CP Canadian Pacific Credit Suisse Neutral
CSX CSX Credit Suisse Outperform
DKNG DraftKings JMP Securities Mkt Outperform
ENOV Enovis Corporation Argus Hold
GDEN Golden Entertainment JMP Securities Mkt Outperform
GOED 1847 Goedeker Craig Hallum BUY *
GXO GXO Logistics Credit Suisse Outperform
HLLY Holley Inc. JP Morgan Overweight
JBHT J.B. Hunt Transport Credit Suisse Neutral
KDNY Chinook Therapeutics Stifel BUY *
KNX Knight-Swift Credit Suisse Outperform
MGM MGM Resorts JMP Securities Mkt Outperform
NSC Norfolk Southern Credit Suisse Outperform
ODFL Old Dominion Credit Suisse Neutral
PDYPY Flutter Entertainment JMP Securities Mkt Outperform
PENN Penn Natl Gaming JMP Securities Mkt Outperform
PII Polaris Industries Jefferies Hold
PTLO Portillo's Morgan Stanley Equal-Weight
RSI Rush Street Interactive JMP Securities Mkt Outperform
SAIA Saia Credit Suisse Outperform
SNDR Schneider National Credit Suisse Outperform
SOUN SoundHound AI Wedbush Outperform
TFII TFI International Credit Suisse Outperform
TV TelevisaUnivision UBS BUY *
UNP Union Pacific Credit Suisse Outperform
UPS UPS Credit Suisse Outperform
WERN Werner Enterprises Credit Suisse Outperform
WPC W.P. Carey Wolfe Research Peer Perform
XPO XPO Logistics Credit Suisse Outperform
REITERATION for Tuesday, 28 JUN 22
Symbol Name Analyst Firm Reiterating Rating
AAPL Apple Evercore ISI Outperform