Northcoast Research Stock Recommendations and Price Targets

This is a list of recent ratings by Northcoast Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/19/2024	DLX Deluxe	Initiated Coverage	$20.00	$27.00	Buy	Low
4/18/2024	BMI Badger Meter	Upgrade	$186.00		Sell ➝ Neutral	Low
4/17/2024	BA Boeing	Downgrade	$167.00	$140.00	Neutral ➝ Sell	Low
4/15/2024	PNR Pentair	Upgrade	$80.00	$100.00	Neutral ➝ Buy	Low
4/10/2024	HXL Hexcel	Downgrade	$64.00		Buy ➝ Neutral	Low
4/5/2024	LNN Lindsay	Upgrade	$116.00	$142.00	Neutral ➝ Buy	Low
3/25/2024	CAR Avis Budget Group	Upgrade	$101.00	$155.00	Neutral ➝ Buy	Low
3/14/2024	HAYN Haynes International	Reiterated Rating	$60.00		Buy ➝ Neutral	Low
3/12/2024	VYX NCR Voyix	Upgrade	$12.00	$17.00	Neutral ➝ Buy	Low
2/27/2024	SHW Sherwin-Williams	Upgrade	$306.00	$360.00	Neutral ➝ Buy	Low
2/23/2024	FELE Franklin Electric	Upgrade	$103.00	$110.00	Neutral ➝ Buy	Low
2/23/2024	BA Boeing	Downgrade	$167.00		Buy ➝ Neutral	Low
2/20/2024	TXRH Texas Roadhouse	Downgrade	$157.00		Buy ➝ Neutral	Low
2/6/2024	TKO TKO Group	Initiated Coverage	$97.00	$105.00	Buy	Low
1/29/2024	JACK Jack in the Box	Upgrade	$59.00	$95.00	Neutral ➝ Buy	Low
1/19/2024	MLI Mueller Industries	Reiterated Rating	$57.00		Buy ➝ Neutral	Low
1/10/2024	ACVA ACV Auctions	Upgrade	$18.00	$22.00	Neutral ➝ Buy	Low
1/2/2024	SHW Sherwin-Williams	Downgrade	$306.00	$315.00	Buy ➝ Neutral	Low
12/28/2023	WT WisdomTree	Upgrade	$9.00	$9.00	Neutral ➝ Buy	Low
12/20/2023	COST Costco Wholesale	Downgrade	$729.00	$620.00	Buy ➝ Neutral	Low
12/19/2023	SCSC ScanSource	Downgrade	$42.00	$36.00	Buy ➝ Neutral	Low
12/12/2023	AOS A. O. Smith	Upgrade	$83.00	$90.00	Neutral ➝ Buy	Low
11/28/2023	HXL Hexcel	Initiated Coverage	$64.00	$80.00	Buy	Low
11/20/2023	WING Wingstop	Downgrade	$383.00		Buy ➝ Neutral	Low
10/31/2023	BA Boeing	Upgrade	$167.00	$217.00	Neutral ➝ Buy	Low
10/26/2023	VMI Valmont Industries	Downgrade	$210.00		Buy ➝ Neutral	Low
10/5/2023	HWM Howmet Aerospace	Initiated Coverage	$66.00		Neutral	Low
9/29/2023	TXRH Texas Roadhouse	Upgrade	$157.00	$118.00	Neutral ➝ Buy	Low
9/29/2023	BMI Badger Meter	Downgrade	$186.00	$120.00	Neutral ➝ Sell	Low
9/28/2023	WTRG Essential Utilities	Upgrade	$36.00	$42.00	Neutral ➝ Buy	Low
9/18/2023	JKHY Jack Henry & Associates	Upgrade	$165.00	$185.00	Neutral ➝ Buy	Low
9/15/2023	SHAK Shake Shack	Upgrade	$105.00	$85.00	Neutral ➝ Buy	Low
9/13/2023	GRC Gorman-Rupp	Initiated Coverage	$33.00	$40.00	Buy	Low
8/25/2023	CRS Carpenter Technology	Initiated Coverage	$84.00	$73.00	Buy	Low
8/23/2023	SCSC ScanSource	Upgrade	$42.00		Neutral ➝ Buy	Low
8/22/2023	QSR Restaurant Brands International	Upgrade	$74.00		Neutral ➝ Buy	Low
8/9/2023	SHAK Shake Shack	Downgrade	$105.00		Buy ➝ Neutral	Low
8/4/2023	MWA Mueller Water Products	Downgrade	$16.00		Buy ➝ Neutral	Low
8/4/2023	CLFD Clearfield	Reiterated Rating	$30.00	$45.00	Outperform ➝ Market Perform	Low
8/1/2023	BA Boeing	Upgrade	$167.00		Sell ➝ Neutral	Low
7/25/2023	CWH Camping World	Upgrade	$21.00	$40.00	Neutral ➝ Buy	Low
7/20/2023	ATI ATI	Initiated Coverage	$52.00	$54.00	Buy	Low
7/13/2023	DPZ Domino's Pizza	Upgrade	$499.00	$430.00	Neutral ➝ Buy	Low
7/5/2023	ECL Ecolab	Downgrade	$221.00		Buy ➝ Neutral	Low
6/28/2023	AAP Advance Auto Parts	Initiated Coverage	$75.00		Neutral	Low
6/28/2023	GPC Genuine Parts	Initiated Coverage	$160.00	$195.00	Buy	Low
6/28/2023	AZO AutoZone	Initiated Coverage	$2,948.00		Neutral	Low
6/27/2023	WING Wingstop	Upgrade	$383.00	$229.00	Neutral ➝ Buy	Low
6/13/2023	CNM Core & Main	Initiated Coverage	$57.00	$40.00	Buy	Low
6/13/2023	FERG Ferguson	Initiated Coverage	$213.00		Buy	Low
6/12/2023	SIG Signet Jewelers	Downgrade	$102.00		Buy ➝ Neutral	Low
6/12/2023	KMX CarMax	Downgrade	$70.00		Buy ➝ Neutral	Low
5/25/2023	HAYN Haynes International	Initiated Coverage	$60.00	$60.00	Buy	Low
5/24/2023	SCSC ScanSource	Downgrade	$42.00		Buy ➝ Neutral	Low
5/18/2023	WTRG Essential Utilities	Downgrade	$36.00		Buy ➝ Neutral	Low
5/2/2023	CAKE Cheesecake Factory	Initiated Coverage	$35.00	$46.00	Buy	Low
5/2/2023	EAT Brinker International	Initiated Coverage	$49.00		Neutral	Low
5/1/2023	CPRT Copart	Downgrade	$56.00		Buy ➝ Neutral	Low
4/14/2023	CASY Casey's General Stores	Upgrade	$320.00	$247.00 ➝ $270.00	Neutral ➝ Buy	Low
4/10/2023	MCD McDonald's	Upgrade	$273.00	$321.00	Neutral ➝ Buy	Low
4/4/2023	BA Boeing	Downgrade	$167.00	$180.00	Buy ➝ Neutral	Low
3/20/2023	KR Kroger	Upgrade	$55.00	$60.00	Neutral ➝ Buy	Low
3/20/2023	LYV Live Nation Entertainment	Upgrade	$90.00	$85.00	Neutral ➝ Buy	Low
3/16/2023	BA Boeing	Initiated Coverage	$167.00		Neutral	Low
3/10/2023	UNFI United Natural Foods	Downgrade	$9.00		Buy ➝ Neutral	Low
3/7/2023	TRMB Trimble	Downgrade	$60.00	$40.00	Neutral ➝ Sell	Low
3/7/2023	COST Costco Wholesale	Upgrade	$729.00	$560.00	Neutral ➝ Buy	Low
3/6/2023	WEN Wendy's	Downgrade	$20.00		Buy ➝ Neutral	Low
2/28/2023	DPZ Domino's Pizza	Reiterated Rating	$499.00		Buy ➝ Neutral	Low
2/27/2023	WING Wingstop	Downgrade	$383.00		Buy ➝ Neutral	Low
2/22/2023	TXRH Texas Roadhouse	Downgrade	$157.00		Buy ➝ Neutral	Low
2/6/2023	WGO Winnebago Industries	Downgrade	$63.00		Buy ➝ Neutral	Low
2/1/2023	CGNX Cognex	Downgrade	$41.00		Buy ➝ Neutral	Low
1/26/2023	MAN ManpowerGroup	Downgrade	$76.00		Buy ➝ Neutral	Low
1/13/2023	PII Polaris	Downgrade	$84.00		Buy ➝ Neutral	Low
12/8/2022	CASY Casey's General Stores	Downgrade	$320.00		Buy ➝ Neutral	Low
12/7/2022	KELYA Kelly Services	Downgrade	$23.00		Buy ➝ Neutral	Low
12/1/2022	SPTN SpartanNash	Upgrade	$19.00		Neutral ➝ Buy	Low
11/21/2022	MWA Mueller Water Products	Upgrade	$16.00		Neutral ➝ Buy	Low
11/18/2022	DPZ Domino's Pizza	Upgrade	$499.00	$460.00	Neutral ➝ Buy	Low
11/17/2022	SFM Sprouts Farmers Market	Downgrade	$67.00		Buy ➝ Neutral	Low
11/14/2022	RBA RB Global	Upgrade	$73.00	$65.00	Neutral ➝ Buy	Low
11/9/2022	LYFT Lyft	Downgrade	$16.00		Buy ➝ Neutral	N/A
11/7/2022	PZZA Papa John's International	Downgrade	$63.00		Buy ➝ Neutral	Low
10/17/2022	KR Kroger	Downgrade	$55.00		Buy ➝ Neutral	Low
10/13/2022	PPG PPG Industries	Initiated Coverage	$130.00		Neutral	Low
9/6/2022	TTC Toro	Upgrade	$88.00		Neutral ➝ Buy	Low
9/6/2022	ECL Ecolab	Upgrade	$221.00	$188.00	Neutral ➝ Buy	Low
8/15/2022	FELE Franklin Electric	Downgrade	$103.00		Buy ➝ Neutral	Low
8/15/2022	LNN Lindsay	Downgrade	$116.00		Buy ➝ Neutral	Low
7/18/2022	WTRG Essential Utilities	Initiated Coverage	$36.00		Buy	Low
7/18/2022	MLI Mueller Industries	Initiated Coverage	$57.00		Buy	Low
7/18/2022	AOS A. O. Smith	Initiated Coverage	$83.00		Buy	Low
7/18/2022	AWK American Water Works	Initiated Coverage	$121.00		Neutral	Low
7/15/2022	MWA Mueller Water Products	Initiated Coverage	$16.00		Neutral	Low
7/15/2022	PNR Pentair	Initiated Coverage	$80.00		Neutral	Low
7/15/2022	FELE Franklin Electric	Initiated Coverage	$103.00	$82.00	Buy	Low
7/15/2022	XYL Xylem	Initiated Coverage	$132.00		Neutral	Low
7/15/2022	BMI Badger Meter	Initiated Coverage	$186.00		Neutral	Low
7/15/2022	WTS Watts Water Technologies	Initiated Coverage	$201.00		Neutral	Low