Janney Montgomery Scott Stock Recommendations and Price Targets

This is a list of recent ratings by Janney Montgomery Scott.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/12/2024	FSLR First Solar	Initiated Coverage	$176.00	$236.00	Buy	Low
4/8/2024	AIRC Apartment Income REIT	Reiterated Rating	$38.00		Buy ➝ Neutral	Low
4/2/2024	MVST Microvast	Reiterated Rating	$0.00	$11.00 ➝ $3.00	Buy ➝ Neutral	Low
3/27/2024	CTBI Community Trust Bancorp	Initiated Coverage	$40.00	$49.00	Buy	Low
3/22/2024	NOVA Sunnova Energy International	Upgrade	$4.00	$12.00	Neutral ➝ Buy	Low
3/22/2024	SEDG SolarEdge Technologies	Downgrade	$60.00		Buy ➝ Neutral	Low
3/21/2024	NBTB NBT Bancorp	Upgrade	$34.00	$39.00	Neutral ➝ Buy	Low
3/15/2024	MKL Markel Group	Reiterated Rating	$1,427.00	$1,600.00	Buy ➝ Neutral	Low
3/8/2024	AGR Avangrid	Reiterated Rating	$36.00	$35.00	Neutral ➝ Sell	Low
3/1/2024	SASR Sandy Spring Bancorp	Initiated Coverage	$20.00	$25.00	Neutral	Low
2/27/2024	NOVA Sunnova Energy International	Downgrade	$4.00		Buy ➝ Neutral	Low
2/27/2024	RUN Sunrun	Downgrade	$11.00		Buy ➝ Neutral	Low
2/27/2024	EIG Employers	Downgrade	$43.00		Buy ➝ Neutral	Low
2/21/2024	CFB CrossFirst Bankshares	Initiated Coverage	$13.00		Neutral	Low
1/31/2024	NWN Northwest Natural	Initiated Coverage	$36.00	$39.00	Neutral	Low
1/24/2024	CCBG Capital City Bank Group	Upgrade	$26.00	$37.50	Neutral ➝ Buy	Low
1/22/2024	GBFH GBank Financial	Initiated Coverage	$16.00	$18.00	Buy	Low
1/19/2024	SHLS Shoals Technologies Group	Initiated Coverage	$9.00	$20.00	Buy	Low
1/16/2024	MBWM Mercantile Bank	Upgrade	$35.00		Neutral ➝ Buy	Low
12/28/2023	LNZA LanzaTech Global	Initiated Coverage	$3.00	$10.00	Buy	Low
12/20/2023	DGICA Donegal Group	Initiated Coverage	$13.00	$15.00	Neutral	Low
12/20/2023	NXRT NexPoint Residential Trust	Downgrade	$31.00	$36.00	Buy ➝ Neutral	Low
12/20/2023	TRV Travelers Companies	Initiated Coverage	$221.00	$215.00	Buy	Low
12/14/2023	CINF Cincinnati Financial	Initiated Coverage	$117.00	$110.00	Neutral	Low
12/14/2023	AFG American Financial Group	Initiated Coverage	$126.00	$135.00	Buy	Low
12/12/2023	ALEX Alexander & Baldwin	Initiated Coverage	$16.00	$20.00	Buy	Low
12/8/2023	CBFV CB Financial Services	Initiated Coverage	$21.00	$25.00	Neutral	Low
11/17/2023	CHPT ChargePoint	Downgrade	$2.00		Buy ➝ Neutral	Low
11/10/2023	CWBC Community West Bancshares	Upgrade	$18.00	$15.00	Neutral ➝ Buy	Low
10/26/2023	UMBF UMB Financial	Upgrade	$80.00	$73.00	Neutral ➝ Buy	Low
10/18/2023	FBK FB Financial	Upgrade	$35.00	$34.00 ➝ $35.50	Neutral ➝ Buy	Low
10/16/2023	NXT Nextracker	Initiated Coverage	$45.00	$43.00	Buy	Low
10/12/2023	CVCY Central Valley Community Bancorp	Upgrade	$20.00	$18.00 ➝ $20.00	Neutral ➝ Buy	Low
10/11/2023	CLBK Columbia Financial	Initiated Coverage	$16.00	$18.00	Buy	Low
10/5/2023	CSLR Complete Solaria	Initiated Coverage	$0.00		Buy	Low
10/3/2023	EWBC East West Bancorp	Initiated Coverage	$72.00	$68.00	Buy	Low
9/27/2023	COFS ChoiceOne Financial Services	Initiated Coverage	$23.00	$24.00	Neutral	Low
9/13/2023	ATLC Atlanticus	Initiated Coverage	$26.00	$40.00	Neutral	Low
9/12/2023	FXNC First National	Downgrade	$15.00	$19.00	Buy ➝ Neutral	Low
8/31/2023	MVST Microvast	Initiated Coverage	$0.00	$8.00	Buy	Low
8/30/2023	MCBC Macatawa Bank	Initiated Coverage	$10.00	$11.00	Buy	Low
8/30/2023	BCBP BCB Bancorp	Initiated Coverage	$10.00		Buy	Low
8/15/2023	SHBI Shore Bancshares	Upgrade	$10.00		Neutral ➝ Buy	Low
8/14/2023	CWCO Consolidated Water	Upgrade	$24.00	$24.00 ➝ $28.00	Neutral ➝ Buy	Low
8/4/2023	GNRC Generac	Upgrade	$129.00		Neutral ➝ Buy	Low
8/3/2023	RUN Sunrun	Upgrade	$11.00		Neutral ➝ Buy	Low
7/28/2023	CWT California Water Service Group	Upgrade	$44.00	$66.00	Neutral ➝ Buy	Low
7/14/2023	NPWR NET Power	Initiated Coverage	$10.00	$36.00	Buy	N/A
7/11/2023	USCB USCB Financial	Initiated Coverage	$10.00		Neutral	Low
7/6/2023	CWCO Consolidated Water	Downgrade	$24.00		Buy ➝ Neutral	Low
6/29/2023	CZFS Citizens Financial Services	Downgrade	$45.00		Buy ➝ Neutral	Low
6/28/2023	ARRY Array Technologies	Initiated Coverage	$12.00	$37.00	Buy	N/A
6/28/2023	NNN NNN REIT	Upgrade	$40.00	$48.00	Neutral ➝ Buy	Low
6/27/2023	CZNC Citizens & Northern	Initiated Coverage	$17.00	$21.00	Neutral	Low
6/15/2023	ZION Zions Bancorporation, National Association	Downgrade	$40.00	$35.00	Buy ➝ Neutral	Low
6/7/2023	CWCO Consolidated Water	Upgrade	$24.00	$24.00	Neutral ➝ Buy	Low
6/6/2023	STEM Stem	Initiated Coverage	$2.00	$12.00	Buy	Low
6/2/2023	FLNC Fluence Energy	Initiated Coverage	$16.00	$30.00	Buy	Low
5/26/2023	OPAL OPAL Fuels	Initiated Coverage	$5.00	$13.00	Buy	Low
5/25/2023	CVBF CVB Financial	Upgrade	$16.00		Neutral ➝ Buy	Low
5/17/2023	CWCO Consolidated Water	Downgrade	$24.00	$19.00	Buy ➝ Neutral	Low
5/1/2023	SABK South Atlantic Bancshares	Downgrade	$11.00	$16.00 ➝ $14.00	Buy ➝ Neutral	Low
4/24/2023	RWAY Runway Growth Finance	Initiated Coverage	$12.00	$12.00	Neutral	Low
4/24/2023	SAR Saratoga Investment	Initiated Coverage	$23.00	$27.00	Buy	Low
4/24/2023	SNV Synovus Financial	Upgrade	$37.00	$38.00	Neutral ➝ Buy	Low
4/13/2023	PEBO Peoples Bancorp	Initiated Coverage	$28.00	$28.00	Neutral	Low
4/5/2023	SEDG SolarEdge Technologies	Initiated Coverage	$60.00	$351.00	Buy	Low
3/28/2023	ECPG Encore Capital Group	Upgrade	$42.00		Neutral ➝ Buy	Low
3/14/2023	HWC Hancock Whitney	Downgrade	$43.00	$44.50	Buy ➝ Neutral	Low
3/14/2023	CBU Community Bank System	Initiated Coverage	$43.00	$66.00	Buy	Low
3/13/2023	PB Prosperity Bancshares	Upgrade	$60.00	$76.00	Neutral ➝ Buy	Low
3/10/2023	FMNB Farmers National Banc	Initiated Coverage	$12.00	$14.00	Neutral	Low
3/2/2023	BMRC Bank of Marin Bancorp	Upgrade	$15.00	$35.00	Neutral ➝ Buy	Low
2/27/2023	ENPH Enphase Energy	Upgrade	$112.00	$282.00	Neutral ➝ Buy	Low
2/24/2023	CHPT ChargePoint	Initiated Coverage	$2.00		Buy	Low
2/24/2023	PRA ProAssurance	Initiated Coverage	$13.00	$21.00	Neutral	Low
2/24/2023	EIG Employers	Initiated Coverage	$43.00	$50.00	Buy	Low
2/24/2023	AMSF AMERISAFE	Initiated Coverage	$48.00	$58.00	Neutral	Low
2/21/2023	HTBI HomeTrust Bancshares	Upgrade	$24.00		Neutral ➝ Buy	Low
2/21/2023	GNRC Generac	Downgrade	$129.00		Buy ➝ Neutral	Low
2/16/2023	CATC Cambridge Bancorp	Downgrade	$61.00	$87.00	Buy ➝ Neutral	Low
2/15/2023	CBAN Colony Bankcorp	Downgrade	$11.00	$14.00	Buy ➝ Neutral	Low
2/9/2023	SPWR SunPower	Initiated Coverage	$2.00	$16.00	Neutral	Low
2/3/2023	ENPH Enphase Energy	Initiated Coverage	$112.00	$238.00	Neutral	Low
1/30/2023	EBC Eastern Bankshares	Downgrade	$13.00	$17.00	Buy ➝ Neutral	Low
1/30/2023	FIBK First Interstate BancSystem	Downgrade	$25.00		Buy ➝ Neutral	Low
1/26/2023	LC LendingClub	Downgrade	$8.00	$10.00	Buy ➝ Neutral	Low
1/26/2023	PB Prosperity Bancshares	Downgrade	$60.00	$80.00	Buy ➝ Neutral	Low
1/26/2023	UMBF UMB Financial	Downgrade	$80.00	$94.00	Buy ➝ Neutral	Low
1/25/2023	SMBK SmartFinancial	Downgrade	$20.00	$30.00	Buy ➝ Neutral	Low
1/24/2023	CSTR CapStar Financial	Downgrade	$20.00	$19.00	Buy ➝ Neutral	Low
1/19/2023	UCBI United Community Banks	Downgrade	$25.00		Buy ➝ Neutral	Low
1/13/2023	FPI Farmland Partners	Upgrade	$10.00	$16.00	Neutral ➝ Buy	Low
1/13/2023	GOOD Gladstone Commercial	Downgrade	$13.00	$17.50	Buy ➝ Neutral	Low
1/13/2023	CHCT Community Healthcare Trust	Upgrade	$25.00	$44.00	Neutral ➝ Buy	Low
1/10/2023	FULT Fulton Financial	Initiated Coverage	$15.00	$19.50	Neutral	Low
12/28/2022	GNRC Generac	Initiated Coverage	$129.00	$160.00	Buy	Low
12/22/2022	MKL Markel Group	Initiated Coverage	$1,427.00	$1,550.00	Buy	Low
12/21/2022	FMAO Farmers & Merchants Bancorp	Initiated Coverage	$20.00	$30.00	Neutral	Low
12/21/2022	MBCN Middlefield Banc	Initiated Coverage	$22.00		Neutral	Low