MONDAY’S TOP WALL STREET CALLS ❖ Evercore ISI: Reiterates $NFLX Outperform — expects modest Q3 beat. ❖ Mizuho: Downgrades $RIVN, $TXN, $SWKS, $QRVO to Underperform. ❖ Wolfe Research: $DLR to Outperform. ❖ Evercore ISI & Loop Capital: Turn more bullish on $AAPL — upgrade to Buy, PT $315. ❖ Bank of America: Reiterates $NVDA and $AVGO as top picks. ❖ Morgan Stanley: Initiates $AVPT Overweight; downgrades $PGR to Underweight. ❖ Goldman Sachs: Upgrades $DRI to Buy. ❖ Wedbush Securities: Reiterates $TSLA Outperform. ❖ Barclays: Upgrades $KLAC, downgrades $MRVL; upgrades $SRE ❖ BofA: Reiterates $GOOGL Buy, raises PT to $280. ❖ TD Cowen: Upgrades $ALLY to Buy. ❖ Wolfe Research: Initiates $SAIL Buy, PT $27. ❖ Citigroup: Initiates $WSC Buy; downgrades $GIL to Neutral.

#Downgrades - Sep 20, 2024 $ACRE: Wells Fargo Downgrades to Underweight from Equal Weight - PT $7 (from $7.50) $CMTG: Wells Fargo Downgrades to Underweight from Equal Weight - PT $8 $DAN: Wells Fargo Downgrades to Underweight from Equal Weight - PT $9 $DRI: Bernstein Downgrades to Market Perform from Outperform - PT $180 (from $190) $FDX: Morgan Stanley Downgrades to Underweight from Equalweight - PT $200 (from $215) $FRO: SEB Equities Downgrades to Sell from Buy - PT $19.05 $INSW: SEB Equities Downgrades to Hold from Buy - PT $55 $NTBL: JMP Securities Downgrades to Market Perform from Market Outperform $PARR: Piper Sandler Downgrades to Neutral from Overweight - PT $23 (from $37) $PB: Truist Securities Downgrades to Hold from Buy - PT $79 (from $81) $PBF: Piper Sandler Downgrades to Underweight from Neutral - PT $25 (from $47) $PEP: Morgan Stanley Downgrades to Equalweight from Overweight - PT $185 $RPD: RBC Capital Downgrades to Sector Perform from Outperform - PT $40 (from $50) $STNG: SEB Equities Downgrades to Hold from Buy - PT $73 $VEL: Wells Fargo Downgrades to Underweight from Overweight - PT $20 $VLO: Piper Sandler Downgrades to Neutral from Overweight - PT $123 (from $169)