Downgrades Overweight Sec Weight X

AAPL Apple

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AAT American Assets Trust

KeyBanc Capital Mkts

Initiated Sector Weight X

ADI Analog Devices

KeyBanc Capital Mkts

Initiated Sector Weight X

ADSW Advanced Disposal

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AIMC Altra Industrial Motion

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AIT Applied Industrial

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AKAM Akamai Tech

KeyBanc Capital Mkts

Upgrades Underweight Sec Weight X

AKAM Akamai Tech

KeyBanc Capital Mkts

Reiterated Overweight X

AMAT Applied Materials

KeyBanc Capital Mkts

$71 $56

Initiated Sector Weight X

AMD Advanced Micro

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AOS A.O. Smith

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

APTI Apptio

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

ATI Allegheny Tech

KeyBanc Capital Mkts

Initiated Overweight X

ATUS Altice USA

KeyBanc Capital Mkts

$25

Reiterated Overweight X

ATVI Activision Blizzard

KeyBanc Capital Mkts

$85 $80

Upgrades Sec Weight Overweight X

AVB AvalonBay

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AVLR Avalara

KeyBanc Capital Mkts

Initiated Sector Weight X

AVLR Avalara

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AVY Avery Dennison

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AWI Armstrong World Industries

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

AYX Alteryx

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

AYX Alteryx

KeyBanc Capital Mkts

Reiterated Overweight X

BABA Alibaba

KeyBanc Capital Mkts

$200 $210

Downgrades Overweight Sec Weight X

BDN Brandywine Realty

KeyBanc Capital Mkts

Initiated Overweight X

BE Bloom Energy

KeyBanc Capital Mkts

$27

Downgrades Overweight Sec Weight X

BECN Beacon Roofing Supply

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

BIDU Baidu.com

KeyBanc Capital Mkts

$305

Initiated Sector Weight X

BIDU Baidu.com

KeyBanc Capital Mkts

Initiated Sector Weight X

BLKB Blackbaud

KeyBanc Capital Mkts

Upgrades Underweight Sec Weight X

BLL Ball Corp

KeyBanc Capital Mkts

Initiated Sector Weight X

BOJA Bojangles’

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

BRX Brixmor Property

KeyBanc Capital Mkts

Initiated Sector Weight X

BRY Berry Petroleum

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

CABO Cable ONE

KeyBanc Capital Mkts

Initiated Sector Weight X

CABO Cable ONE

KeyBanc Capital Mkts

Initiated Overweight X

CBLK Carbon Black

KeyBanc Capital Mkts

$29

Initiated Sector Weight X

CDEV Centennial Resource Development

KeyBanc Capital Mkts

Initiated Overweight X

CDLX Cardlytics

KeyBanc Capital Mkts

$23

Initiated Overweight X

CENT Central Garden

KeyBanc Capital Mkts

Initiated Sector Weight X

CHTR Charter Comm

KeyBanc Capital Mkts

Resumed Overweight X

CMCSA Comcast

KeyBanc Capital Mkts

$38

Initiated Overweight X

CMG Chipotle Mexican Grill

KeyBanc Capital Mkts

Initiated Sector Weight X

COG Cabot Oil & Gas

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

COO Cooper

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

COR CoreSite Realty

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

CRL Charles River

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

CRTO Criteo

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

CRZO Carrizo Oil & Gas

KeyBanc Capital Mkts

Initiated Overweight X

CTK CooTek

KeyBanc Capital Mkts

$15

Upgrades Sec Weight Overweight X

CTLT Catalent

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

CTRE CareTrust REIT

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

CVLT Commvault Systems

KeyBanc Capital Mkts

Initiated Sector Weight X

CWST Casella Waste

KeyBanc Capital Mkts

Initiated Overweight X

CXO Concho Resources

KeyBanc Capital Mkts

$118

Downgrades Overweight Sec Weight X

CY Cypress Semi

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

DATA Tableau Software

KeyBanc Capital Mkts

Initiated Overweight X

DBX Dropbox

KeyBanc Capital Mkts

$40

Upgrades Sec Weight Overweight X

DG Dollar General

KeyBanc Capital Mkts

Initiated Sector Weight X

DNKN Dunkin

KeyBanc Capital Mkts

Initiated Overweight X

DOCU DocuSign

KeyBanc Capital Mkts

$59

Downgrades Sec Weight Underweight X

DRH Diamondrock Hospitality

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

EA Electronic Arts

KeyBanc Capital Mkts

Reiterated Overweight X

EBAY eBay

KeyBanc Capital Mkts

$50 $43

Resumed Overweight X

EBAY eBay

KeyBanc Capital Mkts

$50

Downgrades Overweight Sec Weight X

ELLI Ellie Mae

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

EPR EPR Properties

KeyBanc Capital Mkts

Initiated Sector Weight X

EQIX Equinix

KeyBanc Capital Mkts

Reiterated Overweight X

ETSY Etsy

KeyBanc Capital Mkts

$51 $59

Downgrades Overweight Sec Weight X

EVBG Everbridge

KeyBanc Capital Mkts

Initiated Overweight X

FANG Diamondback Energy

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

FIVN Five9

KeyBanc Capital Mkts

Initiated Overweight X

FLO Flowers Foods

KeyBanc Capital Mkts

$24

Downgrades Overweight Sec Weight X

FSS Federal Signal

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

FTNT Fortinet

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

GCP GCP Applied Tech.

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

GNRC Generac

KeyBanc Capital Mkts

Reiterated Overweight X

GNRC Generac

KeyBanc Capital Mkts

$60 $62

Initiated Sector Weight X

GPOR Gulfport Energy

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

GPS Gap

KeyBanc Capital Mkts

Initiated Sector Weight X

GRUB GrubHub

KeyBanc Capital Mkts

Reiterated Overweight X

GRUB GrubHub

KeyBanc Capital Mkts

$105 $115

Initiated Overweight X

GTES Gates Industrial

KeyBanc Capital Mkts

$22

Upgrades Sec Weight Overweight X

GTT GTT Communications

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

HCP HCP

KeyBanc Capital Mkts

Reiterated Overweight X

HUN Huntsman

KeyBanc Capital Mkts

$37 $42

Upgrades Sec Weight Overweight X

HYH Halyard Health

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

IMPV Imperva

KeyBanc Capital Mkts

Initiated Sector Weight X

INGN Inogen

KeyBanc Capital Mkts

Initiated Sector Weight X

INTC Intel

KeyBanc Capital Mkts

Initiated Overweight X

INTU Intuit

KeyBanc Capital Mkts

$250

Upgrades Sec Weight Overweight X

IR Ingersoll-Rand

KeyBanc Capital Mkts

Reiterated Overweight X

ITGR Integer Holdings

KeyBanc Capital Mkts

$65 $78

Downgrades Overweight Sec Weight X

IVC Invacare

KeyBanc Capital Mkts

Initiated Sector Weight X

JAG Jagged Peak Energy

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

JBHT JB Hunt Trans

KeyBanc Capital Mkts

Initiated Sector Weight X

JJSF J&J Snack Foods

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

JWN Nordstrom

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

KIRK Kirklands

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

KMG KMG Chemicals

KeyBanc Capital Mkts

Downgrades Sec Weight Underweight X

LABL Multi-Color

KeyBanc Capital Mkts

Upgrades Underweight Sec Weight X

LABL Multi-Color

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

LECO Lincoln Electric

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

LEN Lennar

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

LGF-A Lions Gate Entertainment

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

LH Laboratory Corp

KeyBanc Capital Mkts

Initiated Overweight X

LIN Linde plc

KeyBanc Capital Mkts

Initiated Overweight X

LOGM LogMeIn

KeyBanc Capital Mkts

$135

Reiterated Overweight X

LOW Lowe’s

KeyBanc Capital Mkts

$105 $115

Downgrades Overweight Sec Weight X

LSTR Landstar System

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

LXFT Luxoft Holding

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

LZB La-Z-Boy

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

MAC Macerich

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

MAS Masco

KeyBanc Capital Mkts

Initiated Overweight X

MCD McDonald’s

KeyBanc Capital Mkts

Initiated Sector Weight X

MCHP Microchip

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

MCHP Microchip

KeyBanc Capital Mkts

Reiterated Overweight X

MDB MongoDB

KeyBanc Capital Mkts

$62 $88

Initiated Overweight X

MDB MongoDB

KeyBanc Capital Mkts

$50

Downgrades Overweight Sec Weight X

MDR McDermott

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

MDRX Allscripts Healthcare

KeyBanc Capital Mkts

Initiated Sector Weight X

MELI MercadoLibre

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

MELI MercadoLibre

KeyBanc Capital Mkts

Initiated Buy X

MNLO Menlo Therapeutics

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

MSCC Microsemi

KeyBanc Capital Mkts

Reiterated Overweight X

MU Micron

KeyBanc Capital Mkts

$53 $65

Upgrades Sec Weight Overweight X

MU Micron

KeyBanc Capital Mkts

Initiated Sector Weight X

MXIM Maxim Integrated

KeyBanc Capital Mkts

Resumed Sector Weight X

MYE Myers Industries

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

NDSN Nordson

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

NEWR New Relic

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

NFLX Netflix

KeyBanc Capital Mkts

Reiterated Overweight X

NOW ServiceNow

KeyBanc Capital Mkts

$210 $250

Upgrades Sec Weight Overweight X

NUE Nucor

KeyBanc Capital Mkts

Initiated Sector Weight X

NVDA NVIDIA

KeyBanc Capital Mkts

Initiated Overweight X

NVT nVent Electric

KeyBanc Capital Mkts

$29

Upgrades Sec Weight Overweight X

NWE NorthWestern

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

OC Owens Corning

KeyBanc Capital Mkts

Reiterated Overweight X

ODFL Old Dominion

KeyBanc Capital Mkts

$165 $170

Downgrades Overweight Sec Weight X

OEC Orion Engineered Carbons

KeyBanc Capital Mkts

Downgrades Sec Weight Underweight X

OI Owens-Illinois

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

OKTA Okta

KeyBanc Capital Mkts

Initiated Overweight X

OLN Olin

KeyBanc Capital Mkts

$30

Initiated Sector Weight X

ON ON Semiconductor

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

ORCL Oracle

KeyBanc Capital Mkts

Initiated Overweight X

OXY Occidental Petro

KeyBanc Capital Mkts

Initiated Overweight X

PAGS PagSeguro Digital

KeyBanc Capital Mkts

$42

Upgrades Sec Weight Overweight X

PAYC Paycom Software

KeyBanc Capital Mkts

Initiated Overweight X

PDCE PDC Energy

KeyBanc Capital Mkts

Initiated Overweight X

PE Parsley Energy

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

PFPT Proofpoint

KeyBanc Capital Mkts

Reiterated Overweight X

PH Parker-Hannifin

KeyBanc Capital Mkts

$225 $200

Upgrades Sec Weight Overweight X

PHM PulteGroup

KeyBanc Capital Mkts

Initiated Sector Weight X

PLAN Anaplan

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

PNR Pentair

KeyBanc Capital Mkts

Resumed Overweight X

PRO Pros Holdings

KeyBanc Capital Mkts

$40

Initiated Overweight X

PVTL Pivotal Software

KeyBanc Capital Mkts

$24

Initiated Overweight X

PXD Pioneer Natural Resources

KeyBanc Capital Mkts

Reiterated Overweight X

PYPL PayPal

KeyBanc Capital Mkts

$100 $105

Initiated Sector Weight X

QCOM Qualcomm

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

QRVO Qorvo

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

QRVO Qorvo

KeyBanc Capital Mkts

Initiated Overweight X

QSR Restaurant Brands Int’l

KeyBanc Capital Mkts

Initiated Overweight X

QTT Qutoutiao

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

QTWO Q2 Holdings

KeyBanc Capital Mkts

Initiated Overweight X

RCM R1 RCM

KeyBanc Capital Mkts

$10

Downgrades Overweight Sec Weight X

RH RH

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

RH RH

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

ROCK Gibraltar Industries

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

ROCK Gibraltar Industries

KeyBanc Capital Mkts

Reiterated Overweight X

ROKU Roku

KeyBanc Capital Mkts

$67 $81

Initiated Overweight X

ROKU Roku

KeyBanc Capital Mkts

$42

Downgrades Overweight Sec Weight X

RPT Ramco-Gershenson

KeyBanc Capital Mkts

Initiated Sector Weight X

RRC Range Resources

KeyBanc Capital Mkts

Initiated Sector Weight X

RSG Republic Services

KeyBanc Capital Mkts

Upgrades Underweight Sec Weight X

S Sprint

KeyBanc Capital Mkts

Initiated Overweight X

SBUX Starbucks

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

SEAS SeaWorld Entertainment

KeyBanc Capital Mkts

Initiated Overweight X

SFIX Stitch Fix

KeyBanc Capital Mkts

$38

Upgrades Sec Weight Overweight X

SFLY Shutterfly

KeyBanc Capital Mkts

Reiterated Overweight X

SHOP Shopify

KeyBanc Capital Mkts

$170 $182

Initiated Sector Weight X

SIMO Silicon Motion

KeyBanc Capital Mkts

Downgrades Sec Weight Underweight X

SKT Tanger Factory

KeyBanc Capital Mkts

Upgrades Underweight Sec Weight X

SLGN Silgan Holdings

KeyBanc Capital Mkts

Initiated Overweight X

SNHY Sun Hydraulics

KeyBanc Capital Mkts

$67

Reiterated Overweight X

SQ Square

KeyBanc Capital Mkts

$75 $115

Reiterated Overweight X

SQ Square

KeyBanc Capital Mkts

$55 $70

Reiterated Overweight X

SQ Square

KeyBanc Capital Mkts

$52 $55

Reiterated Overweight X

SQ Square

KeyBanc Capital Mkts

$40 $52

Downgrades Overweight Sec Weight X

STLD Steel Dynamics

KeyBanc Capital Mkts

Initiated Sector Weight X

SWI SolarWinds

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

SWKS Skyworks

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

SYNA Synaptics

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

TEAM Atlassian

KeyBanc Capital Mkts

Initiated Overweight X

TGT Target

KeyBanc Capital Mkts

$110

Upgrades Sec Weight Overweight X

TKR Timken

KeyBanc Capital Mkts

Initiated Overweight X

TME Tencent Music

KeyBanc Capital Mkts

$19

Downgrades Overweight Sec Weight X

TMST TimkenSteel

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

TMST TimkenSteel

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

TPC Tutor Perini

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

TPX Tempur Sealy Int’l

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

TWLO Twilio

KeyBanc Capital Mkts

Initiated Sector Weight X

TXN Texas Instruments

KeyBanc Capital Mkts

Reiterated Overweight X

UAA Under Armour

KeyBanc Capital Mkts

$22 $30

Initiated Sector Weight X

UPS UPS

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

URBN Urban Outfitters

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

USAP Universal Stainless/Alloy

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

VIPS Vipshop

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

VIPS Vipshop

KeyBanc Capital Mkts

Reiterated Overweight X

VMW VMware

KeyBanc Capital Mkts

$167 $199

Downgrades Overweight Sec Weight X

WAB Wabtec

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

WCC Wesco

KeyBanc Capital Mkts

Initiated Overweight X

WCN Waste Connections

KeyBanc Capital Mkts

Initiated Sector Weight X

WEN Wendy’s

KeyBanc Capital Mkts

Upgrades Sec Weight Overweight X

WERN Werner Enterprises

KeyBanc Capital Mkts

Initiated Overweight X

WM Waste Mgmt

KeyBanc Capital Mkts

Initiated Sector Weight X

WOW WideOpenWest

KeyBanc Capital Mkts

Initiated Overweight X

WPX WPX Energy

KeyBanc Capital Mkts

Initiated Overweight X

WTW Weight Watchers

KeyBanc Capital Mkts

$115

Upgrades Sec Weight Overweight X

WWE World Wrestling

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

XPO XPO Logistics

KeyBanc Capital Mkts

Initiated Sector Weight X

YELP Yelp

KeyBanc Capital Mkts

Downgrades Overweight Sec Weight X

YELP Yelp

KeyBanc Capital Mkts

Initiated Overweight X

YETI YETI Holdings

KeyBanc Capital Mkts

$22

Downgrades Overweight Sec Weight X

YEXT Yext

KeyBanc Capital Mkts

Initiated Sector Weight X

YUM Yum! Brands

KeyBanc Capital Mkts

Reiterated Overweight X

ZG Zillow

KeyBanc Capital Mkts

$65 $63

Upgrades Sec Weight Overweight X

ZNGA Zynga

KeyBanc Capital Mkts