Top upgrades and downgrades on 5/20

Upgrades

• $Banco De Chile (BCH.US)$ : Santander Upgrades to Outperform from Neutral - PT $25

• $Comerica (CMA.US)$ : Baird Upgrades to Outperform from Neutral - PT $85

• $Mirati Therapeutics (MRTX.US)$ : Guggenheim Upgrades to Buy from Neutral - PT $115

• $Ollie's Bargain Outlet (OLLI.US)$ : BofA Securities Upgrades to Buy from Underperform - PT $75 (from $39)

• $Trex Co. (TREX.US)$ : Exane Upgrades to Neutral from Underperform - PT $75

Downgrades

• $Ferguson (FERG.US)$ : Exane Downgrades to Underperform from Neutral

• $Freshpet (FRPT.US)$ : Atlantic Equities Downgrades to Neutral from Overweight - PT $70 (from $130)

• $Hewlett Packard Enterprise (HPE.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $16 (from $19)

• $PPG Industries (PPG.US)$ : Berenberg Downgrades to Hold from Buy - PT $140 (from $180)

• $Pure Storage (PSTG.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $27 (from $34)

• $Ross Stores (ROST.US)$ : Telsey Downgrades to Market Perform from Outperform - PT $80 (from $145)

• $Spero Therapeutics (SPRO.US)$ : Berenberg Downgrades to Hold from Buy - PT $2

• $Vipshop (VIPS.US)$ : Citigroup Downgrades to Sell from Neutral - PT $7.80 (from $8.60)

• $Wix.com (WIX.US)$ : Morgan Stanley Downgrades to Equalweight from Overweight - PT $85

Initiated

• $BILL Holdings (BILL.US)$ : JPMorgan initiates at Overweight - PT $140

• $Bentley Systems (BSY.US)$ : Oppenheimer initiates at Outperform - PT $40

• $Coupa Software (COUP.US)$ : DA Davidson initiates at Neutral - PT $75

• $ESAB Corp (ESAB.US)$ : Stifel initiates at Buy - PT $56

• $Leafly (LFLY.US)$ : Cowen initiates at Outperform - PT $12

• $Novavax (NVAX.US)$ : BofA Securities initiates to Underperform - PT $35

• $Revolution Medicines (RVMD.US)$ : BofA Securities initiates at Neutral - PT $24

• $TG Therapeutics (TGTX.US)$ : BofA Securities initiates at Underperform - PT $5

• $Turning Point Therapeutics (TPTX.US)$ : BofA Securities initiates at Buy - PT $58

• $Univar Solutions (UNVR.US)$ : Fermium Research initiates at Buy - PT $35