#Downgrades - Dec 04, 2024 • $ACMR: Needham Downgrades to Hold from Buy • $ALEC: BofA Securities Downgrades to Underperform from Neutral - PT $1 (from $9) • $BMY: CFRA Downgrades to Hold from Buy - PT $60 • $CDMO: Stephens Downgrades to Equal Weight from Overweight - PT $12.50 (from $12) • $DTE: KeyBanc Downgrades to Sector Weight from Overweight • $ETR: KeyBanc Downgrades to Sector Weight from Overweight • $FCNCA: KBW Downgrades to Market Perform from Outperform • $HAFC: KBW Downgrades to Market Perform from Outperform • $IPGP: Northcoast Research Downgrades to Neutral from Buy • $MSM: Stephens Downgrades to Equal Weight from Overweight - PT $85 • $MTB: JPMorgan Downgrades to Neutral from Overweight - PT $223.50 (from $215) • $NVS: HSBC Downgrades to Reduce from Hold • $PNFP: KBW Downgrades to Market Perform from Outperform • $YPF: UBS Downgrades to Neutral from Buy - PT $38 (from $30)

#Downgrades - Sep 11, 2024 $ACET: H.C. Wainwright Downgrades to Neutral from Buy $ANIP: Truist Securities Downgrades to Hold from Buy - PT $60 (from $80) $CRM: Erste Group Downgrades to Hold from Buy $MS: Goldman Sachs Downgrades to Neutral from Buy - PT $105 (from $113) $NVS: BofA Securities Downgrades to Neutral from Buy - PT $130 (from $135) $SUPN: Piper Sandler Downgrades to Neutral from Overweight - PT $36 (from $41)

#Downgrades - Sep 05, 2024 $AZUL: HSBC Downgrades to Hold from Buy - PT $2.70 (from $9.90) $CE: Piper Sandler Downgrades to Neutral from Overweight - PT $150 (from $180) $DLTR: BMO Capital Downgrades to Market Perform from Outperform - PT $68 (from $130) $DLTR: Loop Capital Downgrades to Hold from Buy - PT $65 $EVTC: Susquehanna Downgrades to Negative from Neutral - PT $28 (from $38) $INTC: Erste Group Downgrades to Sell from Hold $KBH: RBC Capital Downgrades to Underperform from Sector Perform - PT $70 $KO: CFRA Downgrades to Hold from Buy - PT $72 $NVS: Goldman Sachs Downgrades to Neutral from Buy - PT $121 (from $119) $PAGS: Morgan Stanley Downgrades to Underweight from Equalweight - PT $6.50 (from $14) $STNE: Morgan Stanley Downgrades to Underweight from Equalweight - PT $7 (from $16.50) $TRNO: Mizuho Downgrades to Underperform from Neutral - PT $62

#Downgrades - Sep 03, 2024 $NVS: Jefferies Downgrades to Hold from Buy - PT $123.50 $SPG: Piper Sandler Downgrades to Neutral from Overweight - PT $175 (from $190) $JPM: Deutsche Bank Downgrades to Hold from Buy - PT $235 $MA: Exane BNP Paribas Downgrades to Neutral from Outperform - PT $470 $CAL: Loop Capital Downgrades to Hold from Buy $XYL: TD Cowen Downgrades to Hold from Buy - PT $138 $CME: BofA Securities Downgrades to Underperform from Neutral - PT $177 (from $212) $SPHR: Benchmark Downgrades to Sell from Hold