MORNING BID 🔸 $NET: Upgraded to Buy by Citigroup, target price to $145 from $95, expecting 27%-30% annual revenue growth. 🔸 Citigroup: Positive 90-day watchlist for $OKTA, negative for $CRWD. 🔸 $WDC: Q2 revenue expected at $4.30B (below consensus $4.24B, EPS at $1.75-$2.05; CFO Jabre resigning. 🔸 $CRM: Upgraded to Buy from Hold by TD Cowen. 🔸 TikTok: Trump's advisor supports keeping app if deal viable; Schumer urges Biden to extend shutdown deadline by 90 days. 🔸 $OZK: Q4 EPS $1.56 vs. est. $1.44; NII $379-398M; book value up 11.5% to $47.30/share. 🔸 $CFG: Q4 EPS $0.85 vs. est. $0.83; revenue $1.99B; NIM 2.87%; provisions $162M. 🔸 $INDB: Q4 adj. EPS $1.21 vs. est. $1.16; NIM 3.33%; Q3 pre-tax profit $62.93M. 🔸 $RC: Announces $150M share buyback. 🔸 $RF: Q4 EPS $0.56 vs. est. $0.55; revenue $1.845B; Q1 NII to decline; NIM 3.55%; provisions $120M. 🔸 $WULF: Files for mixed shelf offering, size undisclosed. 🔸 $TFC: Q4 EPS $0.91 vs. est. $0.88; revenue $5.11B; tangible book value $30.01/share; CET1 ratio 11.5%; provisions $471M; Q1 revenue down 2% Q/Q; FY revenue up 3-3.5%. 🔸 $JBHT: Q4 EPS $1.53 vs. est. $1.61; revenue down 5% to $3.15B, due to declines in various segments including Intermodal (down 2%). 🔸 $DD and $AXTA: Upgraded to Outperform by Wolfe Research. 🔸 $OTIS: Authorizes $2B share repurchase program. 🔸 Shield AI: In talks to raise significant funding from $PLTR and $LMT, per The Information. 🔸 $CROX: Downgraded to Hold from Buy by Williams Trading due to weakening trends. 🔸 $RIVN: Finalizes $6.6B loan agreement with U.S. DOE for Georgia manufacturing. Fisker: U.S. auto safety probe closed on 6,971 Ocean SUVs, no further investigation expected post-bankruptcy.

#Downgrades - Dec 18, 2024 • $AM: Wells Fargo Downgrades to Equal Weight from Overweight - PT $16 • $ANGI: JPMorgan Downgrades to Neutral from Overweight • $AXTA: Citi Downgrades to Neutral from Buy - PT $41 (from $45) • $AXTA: Citi Downgrades to Neutral from Buy - PT $41 (from $45) • $EA: Stifel Downgrades to Hold from Buy - PT $167 • $EMN: Citi Downgrades to Neutral from Buy - PT $104 (from $118) • $EMN: Citi Downgrades to Neutral from Buy - PT $104 (from $118) • $EPD: Wells Fargo Downgrades to Equal Weight from Overweight - PT $35 • $FLNC: Baird Downgrades to Neutral from Outperform - PT $20 (from $24) • $FLR: Baird Downgrades to Neutral from Outperform - PT $58 (from $54) • $GETY: JPMorgan Downgrades to Underweight from Neutral • $HAL: Barclays Downgrades to Equalweight from Overweight - PT $33 (from $43) • $MTCH: JPMorgan Downgrades to Neutral from Overweight - PT $33 (from $40) • $MYPS: JPMorgan Downgrades to Underweight from Neutral • $OII: Barclays Downgrades to Equalweight from Overweight - PT $26 (from $22) • $OKE: Wells Fargo Downgrades to Equal Weight from Overweight - PT $107 • $PAA: Wells Fargo Downgrades to Equal Weight from Overweight - PT $20 • $PAGP: Wells Fargo Downgrades to Equal Weight from Overweight - PT $20 • $PBA: Wells Fargo Downgrades to Equal Weight from Overweight • $PTVE: Jefferies Downgrades to Hold from Buy - PT $18 (from $15) • $RIVN: Baird Downgrades to Neutral from Outperform - PT $16 (from $18) • $RNR: Jefferies Downgrades to Hold from Buy - PT $282 (from $304) • $SBAC: BMO Capital Downgrades to Market Perform from Outperform - PT $230 (from $260) • $VAL: Barclays Downgrades to Equalweight from Overweight - PT $49 (from $59)