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
7/26/2024	AMTB Amerant Bancorp	Downgrade	$23.00	$25.00	Buy ➝ Neutral	Low
7/26/2024	TCBK TriCo Bancshares	Reiterated Rating	$48.00		Buy ➝ Neutral	Low
7/25/2024	WNEB Western New England Bancorp	Downgrade	$8.00		Buy ➝ Neutral	Low
7/22/2024	BHLB Berkshire Hills Bancorp	Downgrade	$28.00	$28.00	Buy ➝ Neutral	Low
7/19/2024	BANR Banner	Downgrade	$61.00		Buy ➝ Neutral	Low
7/16/2024	KINS Kingstone Companies	Initiated Coverage	$7.00	$6.50	Buy	Low
7/12/2024	AVBH Avidbank	Initiated Coverage	$19.00	$21.00	Neutral	Low
7/12/2024	AVBH Avidbank	Initiated Coverage	$19.00	$21.00	Neutral	N/A
6/28/2024	ORRF Orrstown Financial Services	Initiated Coverage	$34.00	$32.00	Buy	Low
6/27/2024	BWXT BWX Technologies	Initiated Coverage	$99.00	$113.00	Buy	Low
6/20/2024	HMST HomeStreet	Upgrade	$14.00	$13.50	Neutral ➝ Buy	Low
6/18/2024	AMTB Amerant Bancorp	Initiated Coverage	$23.00	$25.00	Buy	Low
6/18/2024	FSLR First Solar	Downgrade	$227.00		Buy ➝ Neutral	Low
6/13/2024	MAA Mid-America Apartment Communities	Upgrade	$142.00	$150.00	Neutral ➝ Buy	Low
6/13/2024	GNRC Generac	Downgrade	$159.00	$126.00 ➝ $154.00	Buy ➝ Neutral	Low
6/6/2024	ORC Orchid Island Capital	Initiated Coverage	$8.00	$9.50	Buy	Low
6/6/2024	IVR Invesco Mortgage Capital	Initiated Coverage	$9.00	$10.00	Buy	Low
6/6/2024	AGNC AGNC Investment	Initiated Coverage	$10.00	$10.50	Buy	Low
6/6/2024	DX Dynex Capital	Initiated Coverage	$12.00	$13.50	Buy	Low
6/6/2024	ARR ARMOUR Residential REIT	Initiated Coverage	$20.00	$20.00	Neutral	Low
6/6/2024	NLY Annaly Capital Management	Initiated Coverage	$20.00	$21.00	Buy	Low
5/22/2024	CVBF CVB Financial	Downgrade	$20.00		Buy ➝ Neutral	Low
5/15/2024	BSRR Sierra Bancorp	Downgrade	$30.00		Buy ➝ Neutral	Low
5/8/2024	MBWM Mercantile Bank	Downgrade	$50.00		Buy ➝ Neutral	Low
4/30/2024	CZFS Citizens Financial Services	Upgrade	$57.00	$53.00	Neutral ➝ Buy	Low
4/29/2024	FULT Fulton Financial	Upgrade	$20.00	$19.50	Neutral ➝ Buy	Low
4/23/2024	BSRR Sierra Bancorp	Upgrade	$30.00	$24.00 ➝ $23.00	Neutral ➝ Buy	Low
4/22/2024	PSBD Palmer Square Capital BDC	Initiated Coverage	$17.00	$17.50	Neutral	Low
4/18/2024	VST Vistra	Initiated Coverage	$71.00	$82.00	Buy	Low
4/12/2024	FSLR First Solar	Initiated Coverage	$227.00	$236.00	Buy	Low
4/8/2024	AIRC Apartment Income REIT	Reiterated Rating	$39.00		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	$52.00	$49.00	Buy	Low
3/22/2024	NOVA Sunnova Energy International	Upgrade	$8.00	$12.00	Neutral ➝ Buy	Low
3/22/2024	SEDG SolarEdge Technologies	Downgrade	$28.00		Buy ➝ Neutral	Low
3/21/2024	NBTB NBT Bancorp	Upgrade	$50.00	$39.00	Neutral ➝ Buy	Low
3/15/2024	MKL Markel Group	Reiterated Rating	$1,613.00	$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	$31.00	$25.00	Neutral	Low
2/27/2024	NOVA Sunnova Energy International	Downgrade	$8.00		Buy ➝ Neutral	Low
2/27/2024	RUN Sunrun	Downgrade	$18.00		Buy ➝ Neutral	Low
2/27/2024	EIG Employers	Downgrade	$47.00		Buy ➝ Neutral	Low
2/21/2024	CFB CrossFirst Bankshares	Initiated Coverage	$19.00		Neutral	Low
1/31/2024	NWN Northwest Natural	Initiated Coverage	$41.00	$39.00	Neutral	Low
1/24/2024	CCBG Capital City Bank Group	Upgrade	$36.00	$37.50	Neutral ➝ Buy	Low
1/22/2024	GBFH GBank Financial	Initiated Coverage	$18.00	$18.00	Buy	Low
1/19/2024	SHLS Shoals Technologies Group	Initiated Coverage	$7.00	$20.00	Buy	Low
1/16/2024	MBWM Mercantile Bank	Upgrade	$50.00		Neutral ➝ Buy	Low
12/28/2023	LNZA LanzaTech Global	Initiated Coverage	$2.00	$10.00	Buy	Low
12/20/2023	DGICA Donegal Group	Initiated Coverage	$15.00	$15.00	Neutral	Low
12/20/2023	NXRT NexPoint Residential Trust	Downgrade	$43.00	$36.00	Buy ➝ Neutral	Low
12/20/2023	TRV Travelers Companies	Initiated Coverage	$214.00	$215.00	Buy	Low
12/14/2023	CINF Cincinnati Financial	Initiated Coverage	$124.00	$110.00	Neutral	Low
12/14/2023	AFG American Financial Group	Initiated Coverage	$128.00	$135.00	Buy	Low
12/12/2023	ALEX Alexander & Baldwin	Initiated Coverage	$19.00	$20.00	Buy	Low
12/8/2023	CBFV CB Financial Services	Initiated Coverage	$25.00	$25.00	Neutral	Low
11/17/2023	CHPT ChargePoint	Downgrade	$2.00		Buy ➝ Neutral	Low
11/10/2023	CWBC Community West Bancshares	Upgrade	$20.00	$15.00	Neutral ➝ Buy	Low
10/26/2023	UMBF UMB Financial	Upgrade	$99.00	$73.00	Neutral ➝ Buy	Low
10/18/2023	FBK FB Financial	Upgrade	$47.00	$34.00 ➝ $35.50	Neutral ➝ Buy	Low
10/16/2023	NXT Nextracker	Initiated Coverage	$47.00	$43.00	Buy	Low
10/11/2023	CLBK Columbia Financial	Initiated Coverage	$18.00	$18.00	Buy	Low
10/5/2023	CSLR Complete Solaria	Initiated Coverage	$1.00		Buy	Low
10/3/2023	EWBC East West Bancorp	Initiated Coverage	$88.00	$68.00	Buy	Low
9/27/2023	COFS ChoiceOne Financial Services	Initiated Coverage	$27.00	$24.00	Neutral	Low
9/13/2023	ATLC Atlanticus	Initiated Coverage	$36.00	$40.00	Neutral	Low
9/12/2023	FXNC First National	Downgrade	$17.00	$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	$15.00	$11.00	Buy	Low
8/30/2023	BCBP BCB Bancorp	Initiated Coverage	$13.00		Buy	Low
8/15/2023	SHBI Shore Bancshares	Upgrade	$15.00		Neutral ➝ Buy	Low
8/14/2023	CWCO Consolidated Water	Upgrade	$29.00	$24.00 ➝ $28.00	Neutral ➝ Buy	Low
8/4/2023	GNRC Generac	Upgrade	$159.00		Neutral ➝ Buy	Low
8/3/2023	RUN Sunrun	Upgrade	$18.00		Neutral ➝ Buy	Low
7/28/2023	CWT California Water Service Group	Upgrade	$53.00	$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	$15.00		Neutral	Low
7/6/2023	CWCO Consolidated Water	Downgrade	$29.00		Buy ➝ Neutral	Low
6/29/2023	CZFS Citizens Financial Services	Downgrade	$57.00		Buy ➝ Neutral	Low
6/28/2023	ARRY Array Technologies	Initiated Coverage	$11.00	$37.00	Buy	N/A
6/28/2023	NNN NNN REIT	Upgrade	$46.00	$48.00	Neutral ➝ Buy	Low
6/27/2023	CZNC Citizens & Northern	Initiated Coverage	$22.00	$21.00	Neutral	Low
6/15/2023	ZION Zions Bancorporation, National Association	Downgrade	$52.00	$35.00	Buy ➝ Neutral	Low
6/7/2023	CWCO Consolidated Water	Upgrade	$29.00	$24.00	Neutral ➝ Buy	Low
6/6/2023	STEM Stem	Initiated Coverage	$1.00	$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	$4.00	$13.00	Buy	Low
5/25/2023	CVBF CVB Financial	Upgrade	$20.00		Neutral ➝ Buy	Low
5/17/2023	CWCO Consolidated Water	Downgrade	$29.00	$19.00	Buy ➝ Neutral	Low
5/1/2023	SABK South Atlantic Bancshares	Downgrade	$14.00	$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	$48.00	$38.00	Neutral ➝ Buy	Low
4/13/2023	PEBO Peoples Bancorp	Initiated Coverage	$34.00	$28.00	Neutral	Low
4/5/2023	SEDG SolarEdge Technologies	Initiated Coverage	$28.00	$351.00	Buy	Low
3/28/2023	ECPG Encore Capital Group	Upgrade	$50.00		Neutral ➝ Buy	Low
3/14/2023	HWC Hancock Whitney	Downgrade	$57.00	$44.50	Buy ➝ Neutral	Low
3/14/2023	CBU Community Bank System	Initiated Coverage	$63.00	$66.00	Buy	Low
3/13/2023	PB Prosperity Bancshares	Upgrade	$73.00	$76.00	Neutral ➝ Buy	Low
3/10/2023	FMNB Farmers National Banc	Initiated Coverage	$16.00	$14.00	Neutral	Low