Analyst Ratings Published by Buckingham Research

10/3/18	Downgrades	Buy Neutral	X
ABG Asbury Automotive Buckingham Research
7/19/19	Downgrades	Buy Neutral	X
ACGL Arch Capital Buckingham Research
$38
2/28/18	Upgrades	Neutral Buy	X
ADM Archer-Daniels Buckingham Research
4/22/19	Downgrades	Neutral Underperform	X
ADNT Adient Buckingham Research
6/13/19	Upgrades	Neutral Buy	X
AFG American Fincl Buckingham Research
$120
4/27/18	Upgrades	Underperform Neutral	X
AIG American Intl Buckingham Research
7/18/18	Upgrades	Underperform Neutral	X
ALL Allstate Buckingham Research
3/18/19	Downgrades	Buy Neutral	X
APTV Aptiv Buckingham Research
12/17/18	Initiated	Neutral	X
ASH Ashland Buckingham Research
5/6/19	Downgrades	Buy Neutral	X
ATI Allegheny Tech Buckingham Research
$40 $27
4/12/19	Initiated	Neutral	X
ATVI Activision Blizzard Buckingham Research
11/29/18	Downgrades	Buy Neutral	X
AXP American Express Buckingham Research
6/29/18	Upgrades	Neutral Buy	X
AXP American Express Buckingham Research
7/19/19	Upgrades	Neutral Buy	X
AXS AXIS Capital Buckingham Research
$60 $70
8/13/19	Downgrades	Buy Neutral	X
AZUL Azul S.A. Buckingham Research
3/27/18	Initiated	Buy	X
BCO Brinks Buckingham Research
$100
2/25/19	Initiated	Neutral	X
BECN Beacon Roofing Supply Buckingham Research
2/27/19	Downgrades	Buy Neutral	X
BGS B&G Foods Buckingham Research
$36 $23
2/25/19	Initiated	Neutral	X
BLDR Builders Firstsource Buckingham Research
$15
2/25/19	Initiated	Buy	X
BMCH BMC Stock Holdings Buckingham Research
3/28/19	Initiated	Neutral	X
CACC Credit Acceptance Corp. Buckingham Research
$440
7/25/19	Downgrades	Buy Neutral	X
CAT Caterpillar Buckingham Research
$162 $140
4/11/18	Initiated	Buy	X
CAT Caterpillar Buckingham Research
$170
4/15/19	Downgrades	Buy Neutral	X
CCL Carnival Buckingham Research
$65 $54
11/29/18	Initiated	Buy	X
CCMP Cabot Micro Buckingham Research
$130
12/14/18	Initiated	Neutral	X
CINF Cincinnati Fincl Buckingham Research
5/2/18	Downgrades	Buy Neutral	X
CMI Cummins Buckingham Research
7/23/19	Initiated	Buy	X
COWN Cowen Group Buckingham Research
7/11/18	Downgrades	Buy Neutral	X
CPA Copa Holdings Buckingham Research
1/14/19	Upgrades	Neutral Buy	X
CPS Cooper-Standard Buckingham Research
11/5/18	Downgrades	Buy Neutral	X
CPS Cooper-Standard Buckingham Research
3/28/19	Initiated	Buy	X
CRMT America’s Car-Mart Buckingham Research
$103
7/8/19	Downgrades	Buy Neutral	X
CSL Carlisle Cos Buckingham Research
$148
8/13/19	Initiated	Buy	X
CURO CURO Group Buckingham Research
$19
9/4/18	Downgrades	Buy Neutral	X
CVGW Calavo Growers Buckingham Research
4/18/18	Resumed	Neutral	X
DECK Deckers Outdoor Buckingham Research
9/25/18	Resumed	Buy	X
DG Dollar General Buckingham Research
$125
8/27/18	Reiterated	Neutral	X
DG Dollar General Buckingham Research
$95 $107
2/22/19	Upgrades	Neutral Buy	X
DLPH Delphi Technologies Buckingham Research
$20 $30
2/8/18	Initiated	Neutral	X
DLPH Delphi Technologies Buckingham Research
$58
1/8/19	Upgrades	Neutral Buy	X
DLTR Dollar Tree Buckingham Research
9/25/18	Resumed	Neutral	X
DLTR Dollar Tree Buckingham Research
$92
10/12/18	Initiated	Neutral	X
DLX Deluxe Buckingham Research
1/11/19	Initiated	Buy	X
DRI Darden Restaurants Buckingham Research
2/23/18	Initiated	Buy	X
DSKE Daseke Buckingham Research
$14
2/11/19	Downgrades	Buy Neutral	X
EA Electronic Arts Buckingham Research
$103
1/3/19	Initiated	Buy	X
ECPG Encore Capital Buckingham Research
$38
5/31/19	Upgrades	Underperform Neutral	X
EIG Employers Holdings Buckingham Research
5/9/19	Downgrades	Buy Neutral	X
ENV Envestnet Buckingham Research
1/10/19	Initiated	Buy	X
ENV Envestnet Buckingham Research
$63
8/29/18	Initiated	Neutral	X
EVOP EVO Payments Buckingham Research
$24
6/14/19	Reiterated	Neutral	X
FAST Fastenal Buckingham Research
$32 $31
10/22/18	Initiated	Neutral	X
FAST Fastenal Buckingham Research
$50
2/21/18	Upgrades	Underperform Neutral	X
FINL Finish Line Buckingham Research
2/7/19	Initiated	Buy	X
FISV Fiserv Buckingham Research
$100
6/7/18	Reiterated	Buy	X
FIVE Five Below Buckingham Research
$78 $115
4/18/18	Resumed	Buy	X
FL Foot Locker Buckingham Research
9/18/18	Initiated	Buy	X
FLOW SPX FLOW Buckingham Research
$60
11/14/18	Initiated	Buy	X
FMC FMC Corp Buckingham Research
$106
8/1/19	Downgrades	Buy Neutral	X
FOE Ferro Buckingham Research
$21 $16
1/4/19	Initiated	Buy	X
FOE Ferro Buckingham Research
$20
6/5/19	Initiated	Buy	X
FOR Forestar Buckingham Research
$23
6/26/18	Initiated	Buy	X
FOXA 21st Century Fox Buckingham Research
$54
7/31/19	Downgrades	Buy Neutral	X
FTDR Frontdoor Buckingham Research
11/30/18	Initiated	Buy	X
FTDR Frontdoor Buckingham Research
$29
7/24/19	Downgrades	Neutral Underperform	X
GBX Greenbrier Buckingham Research
$34 $21
1/30/18	Reiterated	Buy	X
GD General Dynamics Buckingham Research
$230 $260
10/29/18	Initiated	Buy	X
GNC GNC Holdings Buckingham Research
$6
8/13/19	Downgrades	Buy Neutral	X
GOL GOL Linhas Areas Inteligentes S.A. Buckingham Research
4/26/19	Downgrades	Buy Neutral	X
GPI Group 1 Auto Buckingham Research
$83
10/29/18	Upgrades	Neutral Buy	X
GPI Group 1 Auto Buckingham Research
3/20/18	Downgrades	Buy Neutral	X
GPI Group 1 Auto Buckingham Research
12/11/18	Initiated	Neutral	X
GWW Grainger Buckingham Research
$325
5/4/18	Downgrades	Buy Neutral	X
HA Hawaiian Holdings Buckingham Research
12/20/18	Initiated	Buy	X
HDS HD Supply Holdings Buckingham Research
5/16/19	Initiated	Buy	X
HI Hillenbrand Buckingham Research
$53
9/12/18	Initiated	Buy	X
HII Huntington Ingalls Buckingham Research
$297
4/5/18	Initiated	Buy	X
HLI Houlihan Lokey Buckingham Research
$54
6/7/19	Downgrades	Buy Underperform	X
HOME At Home Group Buckingham Research
2/16/18	Initiated	Buy	X
HOME At Home Group Buckingham Research
$43
1/11/19	Initiated	Neutral	X
HOV Hovnanian Buckingham Research
7/13/18	Upgrades	Neutral Buy	X
HRI Herc Holdings Buckingham Research
6/27/19	Upgrades	Neutral Buy	X
KBH KB Home Buckingham Research
1/11/19	Initiated	Neutral	X
KBH KB Home Buckingham Research
6/24/19	Downgrades	Buy Neutral	X
KMX CarMax Buckingham Research
$94
1/7/19	Upgrades	Neutral Buy	X
KMX CarMax Buckingham Research
6/25/18	Downgrades	Buy Neutral	X
KMX CarMax Buckingham Research
4/5/18	Upgrades	Neutral Buy	X
KMX CarMax Buckingham Research
2/8/19	Initiated	Underperform	X
KR Kroger Buckingham Research
7/8/19	Downgrades	Buy Neutral	X
LAD Lithia Motors Buckingham Research
2/5/18	Reiterated	Buy	X
LBTYA Liberty Global Buckingham Research
$44 $50
7/17/19	Downgrades	Buy Neutral	X
LEA Lear Buckingham Research
$140
1/7/19	Upgrades	Neutral Buy	X
LEA Lear Buckingham Research
1/11/19	Initiated	Buy	X
LEN Lennar Buckingham Research
6/25/18	Initiated	Buy	X
LKSD LSC Communications Buckingham Research
11/14/18	Initiated	Neutral	X
LTHM Livent Buckingham Research
$18
1/9/19	Upgrades	Neutral Buy	X
LULU lululemon athletica Buckingham Research
3/22/18	Upgrades	Neutral Buy	X
LUV Southwest Air Buckingham Research
1/23/19	Initiated	Buy	X
MAS Masco Buckingham Research
10/2/18	Initiated	Buy	X
MATW Matthews Buckingham Research
$61
7/30/19	Upgrades	Underperform Neutral	X
MHK Mohawk Buckingham Research
$115 $117
2/1/19	Initiated	Underperform	X
MHK Mohawk Buckingham Research
$116
9/24/18	Upgrades	Neutral Buy	X
MIDD Middleby Buckingham Research
5/24/18	Initiated	Neutral	X
MIDD Middleby Buckingham Research
$115
6/12/19	Downgrades	Neutral Underperform	X
MKTX Marketaxess Buckingham Research
$245
1/10/19	Initiated	Neutral	X
MKTX Marketaxess Buckingham Research
1/25/19	Initiated	Neutral	X
MSCI MSCI Buckingham Research
$171
10/12/18	Initiated	Neutral	X
MSM MSC Industrial Buckingham Research
8/9/19	Upgrades	Neutral Buy	X
NCLH Norwegian Cruise Line Buckingham Research
6/5/19	Downgrades	Buy Neutral	X
NCLH Norwegian Cruise Line Buckingham Research
$77 $56
8/2/19	Upgrades	Underperform Neutral	X
NEU NewMarket Buckingham Research
4/1/19	Initiated	Underperform	X
NEU NewMarket Buckingham Research
3/8/19	Downgrades	Buy Neutral	X
NFLX Netflix Buckingham Research
$382
11/5/18	Upgrades	Underperform Buy	X
NFLX Netflix Buckingham Research
$349 $406
7/16/18	Downgrades	Neutral Underperform	X
NFLX Netflix Buckingham Research
$333
3/8/18	Upgrades	Neutral Buy	X
NGVT Ingevity Buckingham Research
$64 $92
6/22/18	Downgrades	Buy Neutral	X
NKE NIKE Buckingham Research
2/15/18	Reiterated	Buy	X
NKE NIKE Buckingham Research
$72 $75
7/31/18	Upgrades	Neutral Buy	X
NOC Northrop Grumman Buckingham Research
3/14/19	Upgrades	Neutral Buy	X
NTRS Northern Trust Buckingham Research
$104 $115
1/11/19	Initiated	Buy	X
NVR NVR Buckingham Research
8/6/19	Downgrades	Buy Neutral	X
NVT nVent Electric Buckingham Research
$29 $23
3/26/19	Initiated	Buy	X
NVT nVent Electric Buckingham Research
$30
2/1/19	Initiated	Neutral	X
OC Owens Corning Buckingham Research
$54
8/28/18	Initiated	Neutral	X
OSK Oshkosh Buckingham Research
$76
4/30/18	Downgrades	Buy Neutral	X
PF Pinnacle Foods Buckingham Research
10/23/18	Initiated	Buy	X
PFGC Performance Food Group Buckingham Research
11/19/18	Upgrades	Underperform Neutral	X
PGR Progressive Buckingham Research
9/14/18	Upgrades	Neutral Buy	X
PH Parker-Hannifin Buckingham Research
1/11/19	Initiated	Neutral	X
PHM PulteGroup Buckingham Research
$30
4/25/18	Upgrades	Neutral Buy	X
PHM PulteGroup Buckingham Research
2/6/19	Initiated	Buy	X
POL PolyOne Buckingham Research
1/3/19	Initiated	Neutral	X
PRAA PRA Group Buckingham Research
2/25/19	Downgrades	Buy Neutral	X
PYPL PayPal Buckingham Research
$99
6/18/18	Initiated	Buy	X
QUAD Quad/Graphics Buckingham Research
$28
1/9/19	Upgrades	Neutral Buy	X
RL Ralph Lauren Buckingham Research
5/9/18	Initiated	Neutral	X
ROL Rollins Buckingham Research
$50
9/4/18	Upgrades	Neutral Buy	X
RRD RR Donnelley & Sons Buckingham Research
6/24/19	Downgrades	Buy Neutral	X
RTN Raytheon Buckingham Research
$265 $195
2/27/18	Upgrades	Neutral Buy	X
RUSHA Rush Enterprises Buckingham Research
$53
2/21/18	Initiated	Neutral	X
SAFM Sanderson Farms Buckingham Research
3/26/18	Initiated	Buy	X
SAIA Saia Buckingham Research
$93
7/25/18	Upgrades	Neutral Buy	X
SAVE Spirit Airlines Buckingham Research
6/10/19	Initiated	Neutral	X
SC Santander Consumer USA Buckingham Research
$24
5/8/19	Downgrades	Buy Neutral	X
SERV ServiceMaster Buckingham Research
$53
5/9/18	Initiated	Buy	X
SERV ServiceMaster Buckingham Research
$64
3/19/18	Initiated	Neutral	X
SFIX Stitch Fix Buckingham Research
2/8/19	Initiated	Neutral	X
SFM Sprouts Farmers Market Buckingham Research
2/8/19	Initiated	Neutral	X
SFS Smart & Final Stores Buckingham Research
4/18/18	Resumed	Buy	X
SHOO Steven Madden Buckingham Research
12/14/18	Initiated	Neutral	X
SIGI Selective Insurance Buckingham Research
1/28/19	Upgrades	Neutral Buy	X
SIRI Sirius XM Radio Buckingham Research
5/7/18	Downgrades	Buy Neutral	X
SIRI Sirius XM Radio Buckingham Research
4/18/18	Resumed	Buy	X
SKX Skechers USA Buckingham Research
6/7/18	Upgrades	Neutral Buy	X
SPOT Spotify Buckingham Research
$175 $195
5/1/18	Initiated	Neutral	X
SPOT Spotify Buckingham Research
$175
9/26/18	Reiterated	Buy	X
SQ Square Buckingham Research
$85 $105
8/6/18	Upgrades	Neutral Buy	X
SQ Square Buckingham Research
6/13/18	Downgrades	Buy Neutral	X
SQ Square Buckingham Research
$55 $65
6/20/18	Initiated	Buy	X
SRI Stoneridge Buckingham Research
$37
3/14/18	Initiated	Buy	X
SYF Synchrony Financial Buckingham Research
10/23/18	Initiated	Buy	X
SYY Sysco Buckingham Research
12/14/18	Initiated	Buy	X
THG Hanover Insurance Buckingham Research
1/11/19	Initiated	Neutral	X
TOL Toll Brothers Buckingham Research
4/20/18	Resumed	Buy	X
TPR Tapestry Buckingham Research
$62
3/22/19	Downgrades	Buy Neutral	X
TRN Trinity Industries Buckingham Research
$32 $26
7/19/19	Downgrades	Buy Neutral	X
TRV Travelers Buckingham Research
$158
2/21/18	Initiated	Neutral	X
TSN Tyson Foods Buckingham Research
12/18/18	Resumed	Buy	X
TTWO Take-Two Buckingham Research
$130
10/24/18	Downgrades	Buy Neutral	X
UNFI United Natural Foods Buckingham Research
7/13/18	Upgrades	Neutral Buy	X
URI United Rentals Buckingham Research
5/8/19	Upgrades	Neutral Buy	X
USFD US Foods Buckingham Research
$32 $48
10/23/18	Initiated	Neutral	X
USFD US Foods Buckingham Research
2/13/18	Downgrades	Buy Neutral	X
VR Validus Holdings Buckingham Research
3/15/19	Initiated	Neutral	X
VVV Valvoline Buckingham Research
$20
6/24/19	Downgrades	Buy Neutral	X
WAB Wabtec Buckingham Research
5/24/18	Initiated	Buy	X
WBT Welbilt Buckingham Research
$24
8/2/19	Downgrades	Buy Neutral	X
WCC Wesco Buckingham Research
4/15/19	Downgrades	Buy Neutral	X
WFC Wells Fargo Buckingham Research
$65 $53
1/23/19	Initiated	Neutral	X
WHR Whirlpool Buckingham Research
$135
2/8/19	Initiated	Neutral	X
WMT Wal-Mart Buckingham Research
10/9/18	Initiated	Neutral	X
WSO Watsco Buckingham Research
4/18/18	Resumed	Neutral	X
WWW Wolverine Buckingham Research