Top upgrades and downgrades on 5/19

Upgrades

• $Cisco(CSCO.US)$ : KGI Securities Upgrades to Outperform from Neutral - PT $56

• $Public Storage(PSA.US)$ : BMO Capital Upgrades to Outperform from Market Perform - PT $370 (from $410)

• $Reinsurance Group of America(RGA.US)$ : Morgan Stanley Upgrades to Equalweight from Underweight - PT $132 (from $126)

• $Take-Two Interactive Software(TTWO.US)$ : CFRA Upgrades to Buy from Hold - PT $171 (from $188)

Downgrades

• $Bank of New York Mellon(BK.US)$ : Deutsche Bank Downgrades to Hold from Buy - PT $45 (from $54)

• $CSX Corp(CSX.US)$ : Citigroup Downgrades to Neutral from Buy - PT $35 (from $45)

• $Healthpeak Properties(DOC.US)$ : BofA Securities Downgrades to Underperform from Neutral - PT $18

• $Life Storage, Inc.(LSI.US)$ : BMO Capital Downgrades to Market Perform from Outperform - PT $130 (from $150)

• $Norfolk Southern(NSC.US)$ : Citigroup Downgrades to Neutral from Buy - PT $260 (from $345)

• $Healthpeak Properties(PEAK.US)$ : BofA Securities Downgrades to Neutral from Buy - PT $32

• $Primerica(PRI.US)$ : Morgan Stanley Downgrades to Equalweight from Overweight - PT $148 (from $153)

• $Schnitzer Steel Industries(SCHN.US)$ : KeyBanc Downgrades to Sector Weight from Overweight

• $Target(TGT.US)$ : Stifel Downgrades to Hold from Buy - PT $185 (from $270)

• $Under Armour-A(UAA.US)$ : Morgan Stanley Downgrades to Equalweight from Overweight - PT $11 (from $14)

• $Union Pacific(UNP.US)$ : Citigroup Downgrades to Neutral from Buy - PT $235 (from $287)

• $UWM Holdings(UWMC.US)$ : Piper Sandler Downgrades to Underweight from Neutral - PT $3 (from $5)

Initiated

• $Ardagh Metal(AMBP.US)$ : Morgan Stanley initiates at Equalweight - PT $7.20

• $Dorman Products(DORM.US)$ : MKM Partners initiates at Buy - PT $129