Downgrades Sec Outperform Sec Perform X

ABEV AmBev

Scotiabank

Initiated Outperform X

ADC Agree Realty

Huntington

$84

Downgrades Overweight Neutral X

AIG American Intl

Piper Sandler

$80

Upgrades Neutral Overweight X

AJG Arthur J. Gallagher

Piper Sandler

$276

Downgrades Buy Neutral X

ALL Allstate

UBS

$261

Upgrades Hold Buy X

ANET Arista Networks

Erste Group

Downgrades Overweight Neutral X

AON Aon

Piper Sandler

$377

Initiated Mkt Outperform X

ARCB ArcBest

Citizens

$180

Downgrades Overweight Eq-Weight X

BATRK Atlanta Braves Holdings Class C

Morgan Stanley

$54

Downgrades Buy Neutral X

BBVA Banco Bilbao Vizcaya Argentaria

BofA Securities

Initiated Buy X

BNY BNY Mellon

Erste Group

Initiated Buy X

BPOP Popular

The Benchmark Company

$201

Downgrades Eq-Weight Underweight X

CAE CAE

Morgan Stanley

Upgrades Eq-Weight Overweight X

CAVA CAVA Group

Morgan Stanley

$90

Initiated Equal-Weight X

CBSH Commerce Bancshares

Stephens

$62

Downgrades Overweight Eq-Weight X

CHEF Chefs’ Warehouse

Morgan Stanley

$97

Downgrades Outperform Mkt Perform X

CHKP Check Point Software

Raymond James

Initiated Mkt Perform X

CHRW C.H. Robinson

Citizens

$235

Initiated Mkt Perform X

CNI Canadian Nat’l Rail

Citizens

Upgrades Sell Hold X

CNX CNX Resources

Truist

$35

Initiated Mkt Perform X

CP Canadian Pacific Kansas City Ltd.

Citizens

Initiated Buy X

CRGY Crescent Energy

UBS

$13

Initiated Mkt Perform X

CSX CSX

Citizens

Initiated Mkt Outperform X

CVLG Covenant Logistics

Citizens

$60

Upgrades Neutral Buy X

DLR Digital Realty Trust

Guggenheim

$200

Initiated Outperform X

EPR EPR Properties

Huntington

$65

Downgrades Outperform Neutral X

ESI Element Solutions

Mizuho

$45

Downgrades Buy Hold X

EVO Evotec SE

TD Cowen

$2

Initiated Mkt Perform X

EXPD Expeditors Intl

Citizens

Initiated Buy X

FBP First Bancorp

The Benchmark Company

$31

Initiated Outperform X

FCPT Four Corners Property Trust

Huntington

$27

Initiated Mkt Outperform X

FDX FedEx

Citizens

$375

Resumed Mkt Outperform X

FIP FTAI Infrastructure

Citizens

$10

Downgrades Buy Hold X

FIX Comfort Systems

Erste Group

Resumed Mkt Outperform X

FTAI FTAI Aviation Ltd.

Citizens

$375

Initiated Market Perform X

GNL Global Net Lease

Huntington

$10

Initiated Market Perform X

GOOD Gladstone Commercial

Huntington

$13

Initiated Outperform X

GTY Getty Realty Corp.

Huntington

$37

Initiated Mkt Perform X

GXO GXO Logistics

Citizens

$80

Downgrades Overweight Neutral X

HIG Hartford Financial

Piper Sandler

$146

Downgrades Buy Hold X

HSBC HSBC Holdings

Erste Group

Downgrades Outperform Perform X

IBM IBM

Oppenheimer

Initiated Mkt Perform X

JBHT J.B. Hunt Transport

Citizens

Initiated Mkt Outperform X

KNX Knight-Swift

Citizens

$90

Downgrades Buy Hold X

MRVL Marvell

Erste Group

Upgrades Eq-Weight Overweight X

MSGS MSG Sports

Morgan Stanley

$450

Initiated Outperform X

NNN NNN REIT

Huntington

$51

Upgrades Neutral Buy X

NXT Nextpower

Guggenheim

$125

Initiated Outperform X

O Realty Income

Huntington

$70

Initiated Hold X

OFG OFG Bancorp

The Benchmark Company

Downgrades Buy Neutral X

PAGS PagSeguro Digital

BofA Securities

$10

Initiated Overweight X

PHVS Pharvaris N.V.

Wells Fargo

$55

Downgrades Outperform Sec Perform X

PNR Pentair

RBC Capital Mkts

$74

Downgrades Buy Neutral X

PNR Pentair

Seaport Research Partners

Initiated Mkt Perform X

R Ryder System

Citizens

Initiated Buy X

REI Ring Energy

BofA Securities

$2

Initiated Mkt Perform X

RLGT Radiant Logistics

Citizens

Initiated Neutral X

ROL Rollins

Citigroup

$46

Initiated Mkt Perform X

RXO RXO, Inc.

Citizens

Initiated Buy X

SM SM Energy

UBS

Downgrades Buy Neutral X

STNE StoneCo

BofA Securities

$13

Downgrades Overweight Eq-Weight X

TCBK TriCo Bancshares

Stephens

$54

Downgrades Overweight Eq-Weight X

TDG Transdigm Group

Morgan Stanley

$1345

Downgrades Overweight Neutral X

THG Hanover Insurance

Piper Sandler

$220

Downgrades Buy Hold X

TJX TJX

Erste Group

Initiated Overweight X

TNGX Tango Therapeutics

JP Morgan

$46

Downgrades Eq-Weight Underweight X

TRV Travelers

Morgan Stanley

$290

Upgrades Underweight Eq-Weight X

TS Tenaris

Morgan Stanley

$65

Initiated Mkt Outperform X

UHAL U-Haul Holding Company

Citizens

$90

Initiated Overweight X

UMBF UMB Financial Corporation

Stephens

$167

Resumed Outperform X

UMC United Micro

Macquarie

Initiated Mkt Outperform X

UNP Union Pacific

Citizens

$350

Initiated Mkt Perform X

UPS UPS

Citizens

Downgrades Overweight Neutral X

UVE Universal Insurance

Piper Sandler

$44

Initiated Overweight X

VCYT Veracyte

Piper Sandler

$66

Reiterated Dirty X

WAYNE Wayne Enterprises

Jack Powers Capital

$22,850

Initiated Mkt Outperform X

WNC Wabash Natl

Citizens

$25

Initiated Mkt Perform X

XPO XPO, Inc.

Citizens