MORNING RECAP 🔸 EVgo Inc ( $EVGO) launches secondary offering of 23 million Class A shares. 🔸 Mama's Creations ( $MAMA) Q3: EPS $0.01 (est. $0.04), adj. EBITDA $1.7M (est. $3.229M), revenue $31.5M (est. $30.05M). 🔸 McCormick ( $MKC) reportedly negotiating to acquire Sauer brands for $1 billion. 🔸 RCI Hospitality ( $RICK) Q4: adj. EPS $1.63 (est. $0.37), adj. EBITDA $17.9M (est. $13.92M), revenue $73.2M (est. $72.98M); forecasts FY29 revenue at $400M, FCF at $75M with 7.5M shares. 🔸 Tesla ( $TSLA) upgraded to Overweight by Mizuho, target price raised to $515. 🔸 Online sports betting: New Jersey's November handle exceeds $1.2B, with $119M in revenue, up 24.1% from last year. 🔸 Compass Minerals ( $CMP) Q4: adj. EPS loss (-$0.77) vs. est. (-$0.44), revenue $208.8M vs. est. $213.5M; adj. EBITDA $15.6M. 🔸 Expects 2025 salt sales volumes up 9% and 2024 Plant Nutrition volumes up 25% to 273K tons. 🔸 Kosmos Energy ( $KOS) abandons acquisition talks with Tullow Oil. 🔸 Joby Aviation ( $JOBY) completes major FAA certification tests for aerostructures. 🔸 Nucor Corp. ( $NUE) lowers Q4 EPS guidance to $0.55-$0.65, below consensus of $0.87. 🔸 Owens Corning ( $OC) upgraded to Overweight by Wells Fargo. 🔸 Biden administration offers PG&E ( $PCG) a $15B loan for climate and grid improvement projects. 🔸 Affirm Holdings ( $AFRM) issues $750M in Convertible Senior Notes due 2029, plans to repurchase up to $300M in Class A stock. 🔸 Marqeta ( $MQ) downgraded to Equal Weight by Barclays. 🔸 Jazz Pharmaceuticals ( $JAZZ) CEO Bruce Cozadd to retire by end of 2025. 🔸 Rockwell Medical ( $RMTI) secures multi-year deal with top dialysis provider, anticipating $10M+ in 2025 sales, with annual price increases and a term up to five years. 🔸 eBay Inc ( $EBAY) board approved an additional $3B for stock repurchases on Dec 12. 🔸 Mitek Systems ( $MITK) Q4: adj. EPS $0.33 (est. $0.17), adj. EBITDA $15.4M (est. $8.314M), revenue $43.222M (est. $41.31M); FY25 guidance: revenue $170-180M (est. $179.52M), adj. EBITDA margin 24-28%.

#Upgrades - Oct 10, 2024 $AIG: JPMorgan Upgrades to Overweight from Neutral - PT $89 (from $93) $AKR: Compass Point Upgrades to Buy from Neutral - PT $27 (from $23) $BMRC: Daishin Securities Upgrades to Buy from Marketperform - PT $24 (from $21) $CVS: Barclays Upgrades to Overweight from Equalweight - PT $82 (from $63) $EAT: BofA Securities Upgrades to Neutral from Underperform - PT $90 (from $63) $EVGO: UBS Upgrades to Buy from Neutral - PT $8.50 (from $4) $FTV: JPMorgan Upgrades to Overweight from Neutral - PT $92 (from $90) $LC: KBW Upgrades to Outperform from Market Perform - PT $15 (from $11.50) $LHX: Wolfe Research Upgrades to Outperform from Peerperform - PT $300 $LXU: UBS Upgrades to Buy from Neutral - PT $11 (from $9.50) $MDT: RBC Capital Upgrades to Outperform from Sector Perform - PT $105 (from $98) $NKE: Truist Securities Upgrades to Buy from Hold - PT $97 (from $83) $TROX: UBS Upgrades to Buy from Neutral - PT $19 (from $17) $TRU: Wolfe Research Upgrades to Outperform from Peerperform - PT $130 $XOM: Scotiabank Upgrades to Sector Outperform from Sector Perform - PT $145 (from $129)

$EVGO - US OFFERS EVGO CONDITIONAL $1.05 BILLION LOAN GUARANTEE FOR EV CHARGERS -ENERGY DEPARTMENT

#Upgrades - Oct 03, 2024 $EQT: Citi Upgrades to Buy from Neutral - PT $44 (from $37) $EVGO: JPMorgan Upgrades to Overweight from Neutral - PT $7 $IVT: BofA Securities Upgrades to Buy from Neutral - PT $33 (from $30) $RTX: Deutsche Bank Upgrades to Hold from Sell - PT $129 (from $109) $WWW: BNP Paribas Upgrades to Outperform from Neutral - PT $22