UPGRADES 
for Tuesday, 21 JUN 22
Symbol Company Analyst Firm Upgrading
ABM ABM Industries Robert W. Baird
AMT American Tower JP Morgan
CHD Church & Dwight Wells Fargo
CHWY Chewy Wedbush
CNC Centene Credit Suisse
CUBE CubeSmart BofA Securities *
FMC FMC Corp BofA Securities *
LTC LTC Properties BMO Capital Markets
PSO Pearson Plc Deutsche Bank *
RCI Rogers Comms Canaccord Genuity *
RNST Renasant Hovde Group
SCHW Charles Schwab UBS *
SJR Shaw Comms Canaccord Genuity *
SU Suncor Energy RBC Capital Mkts
XOM Exxon Mobil Credit Suisse
* = Upgrade to BUY
DOWNGRADES 
for Tuesday, 21 JUN 22
Symbol Company Analyst Firm Downgrading
ACAD ACADIA Pharmaceuticals Jefferies
ADBE Adobe Morgan Stanley
AMED Amedisys BofA Securities
AOUT American Outdoor Brands B. Riley Securities
AVAH Aveanna Stephens
AVAH Aveanna BofA Securities
HYLN Hyliion JP Morgan
HZO MarineMax B. Riley Securities
IP Int'l Paper Citigroup
KDP Keurig Dr Pepper UBS
LSI Life Storage BofA Securities
NCMI National Cinemedia B. Riley Securities
NHI National Health BMO Capital Markets
NOVA Sunnova Energy Goldman
PNTG Pennant Group Stephens
SAM Boston Beer Co UBS
SIX Six Flags B. Riley Securities
SNP China Petroleum (Sinopec) Goldman *
SPWR SunPower Goldman *
TAP Molson Coors Brewing UBS
UAA Under Armour Cowen
UBS UBS AG Exane BNP Paribas
W Wayfair Exane BNP Paribas
WRK WestRock Citigroup
* = Downgraded to SELL
COVERAGE INITIATED 
for Tuesday, 21 JUN 22
Symbol Name Firm Initial Recommendation
BEKE KE Holdings Citigroup BUY *
COMP Compass Compass Point BUY *
EMBC Embecta Corp. BofA Securities Underperform
FPI Farmland Partners ROTH Capital BUY *
FREY FREYR Battery Goldman Neutral
GBTG Global Business Travel Group Redburn BUY *
MAXR Maxar Technologies Wells Fargo Overweight
MYNZ Mainz Biomed B.V. H.C. Wainwright BUY *
NARI Inari Piper Sandler Overweight
OPAD Offerpad Solutions Compass Point BUY *
OPEN Opendoor Technologies Compass Point Neutral
PLTR Palantir Technologies BofA Securities BUY *
REXR Rexford Industrial Realty Wolfe Research Peer Perform
RKLB Rocket Lab USA Wells Fargo Equal Weight
SPCE Virgin Galactic Wells Fargo Underweight
SYM Symbotic Cowen Outperform
COVERAGE REITERATED ? for Tuesday, 21 JUN 22
CARG CarGurus BTIG Research BUY *
CARS [Cars.com](http://Cars.com) BTIG Research BUY *
ETSY Etsy BTIG Research BUY *
WING Wingstop Piper Sandler Underperform
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UPGRADES for Wednesday, 22 JUN 22
Symbol Company Analyst Firm Upgrading
BRX Brixmor Property JP Morgan
CI Cigna Morgan Stanley
EPAC Enerpac Tool Group Wells Fargo
EQR Equity Residential RBC Capital Mkts
EXR Extra Space Storage JP Morgan
KHC Kraft Heinz BMO Capital Markets
NOAH Noah Holdings JP Morgan
NWG NatWest Group plc Jefferies *
ORAN Orange Barclays
PLMR Palomar Holdings Piper Sandler
PNM PNM Resources Mizuho *
SITE SiteOne Landscape Supply RBC Capital Mkts
SUM Summit Materials RBC Capital Mkts
TMHC Taylor Morrison Home RBC Capital Mkts
WELL Welltower JP Morgan
* = Upgrade to BUY
DOWNGRADES for Wednesday, 22 JUN 22
Symbol Company Analyst Firm Downgrading
ABNB Airbnb JMP Securities
ANTM Anthem Morgan Stanley
BECN Beacon Roofing Supply RBC Capital Mkts
BURL Burlington Stores Cowen
DOW Dow Credit Suisse
GMS GMS RBC Capital Mkts
HPP Hudson Pacific Properties BofA Securities
IBP Installed Building Products RBC Capital Mkts
JACK Jack In The Box Cowen
JELD JELD-WEN RBC Capital Mkts
MPW Medical Properties Trust JP Morgan
MT ArcelorMittal JP Morgan
NKE NIKE Seaport Research Partners
PHM PulteGroup RBC Capital Mkts
SAM Boston Beer Co Bernstein
SMG Scotts Miracle-Gro Wells Fargo
ST Sensata Tech Wolfe Research
VOD Vodafone PLC Barclays
COVERAGE INITIATED for Wednesday, 22 JUN 22
Symbol Company Analyst Firm Downgrading Initial Recommendation
AKYA Akoya Biosciences BTIG Research BUY *
CELU Celularity H.C. Wainwright BUY *
FDMT 4D Molecular Therapeutics Jefferies BUY *
HLLY Holley Inc. BofA Securities BUY *
JNJ Johnson & Johnson Daiwa Securities Outperform
PFHC ProFrac Holding Johnson Rice BUY *
TSM Taiwan Semi Loop Capital BUY *
UFPT UFP Technologies Lake Street BUY *
COVERAGE REITERATED for Wednesday, 22 JUN 22
Symbol Company Analyst Firm Reiterating Recommendation
DRI Darden Restaurants Oppenheimer Outperform
BBBY Bed Bath & Beyond Telsey Advisory Group Underperform
NKE NIKE Telsey Advisory Group Outperform
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UPGRADES for Thursday, 23 JUN 22
Symbol Company Analyst Firm Upgrading
BEKE KE Holdings HSBC Securities *
ERFSF Eurofins Scientific Deutsche Bank
FNKO Funko JP Morgan
LNC Lincoln National Wolfe Research
LUV Southwest Air Raymond James *
MTG MGIC Investment RBC Capital Mkts
SMFG Sumitomo Mitsui BofA Securities
SNOW Snowflake JP Morgan
SZGPY Salzgitter AG Morgan Stanley
TRV Travelers Wolfe Research
ULCC Frontier Group Holdings Raymond James
* = Upgrade to BUY
DOWNGRADES for Thursday, 23 JUN 22
Symbol Company Analyst Firm Downgrading
AGCO AGCO Corp Morgan Stanley
ALK Alaska Air Raymond James
ATHA Athira Pharma Stifel
ATHA Athira Pharma JMP Securities
ATHA Athira Pharma Jefferies
AYI Acuity Brands William Blair
BCC Boise Cascade BofA Securities
BNFT Benefitfocus Piper Sandler
COIN Coinbase Global Redburn
CRSP CRISPR Therapeutics Evercore ISI
EDU New Oriental Education & Technology Macquarie
IKTSY Intertek Group Deutsche Bank
IPG Interpublic Macquarie
LESL Leslie's Loop Capital
LPX Louisiana-Pacific BofA Securities
MARA Marathon Digital Holdings B. Riley Securities
MET MetLife Wolfe Research
MFG Mizuho Financial BofA Securities
NMIH NMI Hldgs RBC Capital Mkts
OFC Corp Office Props Evercore ISI
OMC Omnicom Macquarie
RFP Resolute Forest Products TD Securities
RHI Robert Half BofA Securities
RIO Rio Tinto Morgan Stanley
ROLL RBC Bearings BofA Securities
RTOKY Rentokil Deutsche Bank
TECK Teck Resources Morgan Stanley
VYGVF Voyager Digital Noble Capital Markets
WAB Wabtec Morgan Stanley
WPC W.P. Carey Evercore ISI
COVERAGE INITIATED for Thursday, 23 JUN 22
Symbol Company Analyst Firm Downgrading Initial Recommendation
AAP Advance Auto MKM Partners BUY *
ADC Agree Realty Credit Suisse Outperform
AEIS Advanced Energy Loop Capital Hold
ARAY Accuray B. Riley Securities BUY *
ARE Alexandria RE Credit Suisse Neutral
AVB AvalonBay Credit Suisse Neutral
AVXL Anavex Berenberg BUY *
AZO AutoZone MKM Partners BUY *
BBLN Babylon BofA Securities Neutral
BDN Brandywine Realty Credit Suisse Neutral
BRX Brixmor Property Credit Suisse Outperform
BTMD biote Corp. ROTH Capital BUY *
BXP Boston Properties Credit Suisse Outperform
DEI Douglas Emmett Credit Suisse Outperform
DNLI Denali Therapeutics Berenberg BUY *
EOLS Evolus Needham Buy *
EQR Equity Residential Credit Suisse Outperform
ESS Essex Property Credit Suisse Underperform
FCPT Four Corners Property Trust Credit Suisse Neutral
FND Floor & Decor MKM Partners Neutral
FRT Federal Realty Credit Suisse Neutral
HD Home Depot MKM Partners Neutral
HIW Highwoods Prop Credit Suisse Neutral
HPP Hudson Pacific Properties Credit Suisse Underperform
KIM Kimco Realty Credit Suisse Outperform
KRC Kilroy Realty Credit Suisse Underperform
LOW Lowe's MKM Partners Neutral
MAA Mid-America Aptmt Credit Suisse Outperform
NNN National Retail Properties Credit Suisse Outperform
NXRT NexPoint Residential Credit Suisse Outperform
O Realty Income Credit Suisse Outperform
ORLY O'Reilly Auto MKM Partners BUY *
PECO Phillips Edison & Company Credit Suisse Neutral
PLTR Palantir Technologies Goldman Neutral
PRCT PROCEPT BioRobotics B. Riley Securities BUY *
REG Regency Centers Credit Suisse Neutral
RGNX REGENXBIO Berenberg BUY *
RPT RPT Realty Credit Suisse Outperform
SCHW Charles Schwab Redburn Neutral
SEV Sono Group N.V. Cantor Fitzgerald Overweight
SLG SL Green Realty Credit Suisse Neutral
STXS Stereotaxis B. Riley Securities BUY *
SYM Symbotic Robert W. Baird Outperform
SYM Symbotic Deutsche Bank BUY *
TYRA Tyra Biosciences H.C. Wainwright BUY *
UBSFY Ubisoft Deutsche Bank BUY *
UDR UDR Credit Suisse Outperform
VEEV Veeva Systems Goldman BUY *
VRDN Viridian Therapeutics B. Riley Securities BUY *
VTR Ventas Credit Suisse Outperform
WE WeWork Credit Suisse Outperform
COVERAGE REITERATED for Thursday, 23 JUN 22
Symbol Company Analyst Firm Reiterating Recommendation
WFG West Fraser TD Securities BUY *
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