Top upgrades and downgrades on 5/18

Upgrades

• $Great Ajax Corp (AJX.US)$ : Compass Point Upgrades to Buy from Neutral - PT $16 (from $11)

• $AeroVironment (AVAV.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $100 (from $95)

• $Cardinal Health (CAH.US)$ : Evercore ISI Upgrades to Outperform from In Line - PT $68 (from $55)

• $Cellectis (CLLS.US)$ : Baird Upgrades to Outperform from Neutral - PT $10

• $Cooper Companies (COO.US)$ : Citigroup Upgrades to Buy from Neutral

• $Endeavor Group (EDR.US)$ : Goldman Sachs Upgrades to Buy from Neutral - PT $29 (from $30)

• $Five9 (FIVN.US)$ : Roth Capital Upgrades to Buy from Neutral - PT $129

• $InterCure (INCR.US)$ : Canaccord Upgrades to Spec. Buy from Buy - PT $13

• $World Fuel Services (INT.US)$ : Stifel Upgrades to Buy from Hold - PT $35

• $Monster Beverage (MNST.US)$ : Bernstein Upgrades to Outperform from Market Perform - PT $110 (from $100)

• $Mercury Systems (MRCY.US)$ : RBC Capital Upgrades to Outperform from Sector Perform - PT $72 (from $60)

• $On Holding (ONON.US)$ : Williams Trading Upgrades to Hold from Sell - PT $19

• $Penn Entertainment (PENN.US)$ : Jefferies Upgrades to Buy from Hold - PT $49

• $Ventas Inc (VTR.US)$ : Credit Suisse Upgrades to Outperform from Neutral - PT $63 (from $53)

• $Welltower Inc (WELL.US)$ : Credit Suisse Upgrades to Outperform from Neutral - PT $100 (from $92)

Downgrades

• $Carrier Global (CARR.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $50 (from $70)

• $Century Aluminum (CENX.US)$ : Wolfe Research Downgrades to Peerperform from Outperform - PT $14 (from $30)

• $Comstock Resources (CRK.US)$ : Piper Sandler Downgrades to Underweight from Neutral - PT $16 (from $19)

• $Ginkgo Bioworks (DNA.US)$ : BofA Securities Downgrades to Underperform from Neutral - PT $3 (from $6)

• $Galmed Pharmaceuticals (GLMD.US)$ : Raymond James Downgrades to Market Perform from Outperform

• $VSE Corp (VSEC.US)$ : RBC Capital Downgrades to Sector Perform from Outperform - PT $48 (from $65)

• $Warby Parker (WRBY.US)$ : Goldman Sachs Downgrades to Neutral from Buy - PT $18 (from $34)

Initiated

• $Alerus Financial (ALRS.US)$ : Hovde Group initiates at Market Perform - PT $29

• $Amplitude (AMPL.US)$ : Piper Sandler initiates at Overweight - PT $25

• $Fidelity National Information Services (FIS.US)$ : Goldman Sachs initiates at Buy

• $First Savings Financial (FSFG.US)$ : Hovde Group initiates at Outperform - PT $30

• $Global Payments (GPN.US)$ : Goldman Sachs initiates at Neutral - PT $151

• $PAR Technology (PAR.US)$ : Goldman Sachs initiates at Neutral - PT $43

• $Performance Food (PFGC.US)$ : Berenberg initiates at Buy - PT $71

• $Revvity (PKI.US)$ : Barclays initiates at Underweight - PT $125

• $Stock Yards Bancorp (SYBT.US)$ : Hovde Group initiates at Market Perform - PT $59

• $Terreno Realty (TRNO.US)$ : JMP Securities initiates at Market Outperform - PT $75

• $US Foods Holding (USFD.US)$ : Berenberg initiates at Buy - PT $53

• $Waters (WAT.US)$ : Barclays initiates at Overweight - PT $375