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
3/13/2025	LNZA LanzaTech Global	Downgrade	$0.00		Buy ➝ Neutral	High
3/13/2025	CSLR Complete Solaria	Downgrade	$2.00		Buy ➝ Neutral	Medium
3/4/2025	NOVA Sunnova Energy International	Downgrade	$0.00	$1.00	Buy ➝ Neutral	High
3/3/2025	COFS ChoiceOne Financial Services	Upgrade	$29.00		Neutral ➝ Buy	High
2/25/2025	SEI Solaris Energy Infrastructure	Initiated Coverage	$23.00	$57.00	Buy	High
2/24/2025	THFF First Financial	Upgrade	$50.00	$58.00	Neutral ➝ Buy	Medium
2/7/2025	FBNC First Bancorp	Downgrade	$41.00		Buy ➝ Neutral	High
2/4/2025	BPRN Princeton Bancorp	Upgrade	$31.00	$35.00	Neutral ➝ Buy	High
2/4/2025	FCCO First Community	Upgrade	$22.00	$30.00	Neutral ➝ Buy	High
1/24/2025	TRMK Trustmark	Initiated Coverage	$35.00	$42.00	Buy	Medium
1/15/2025	NNN NNN REIT	Downgrade	$42.00	$43.00	Buy ➝ Neutral	Low
1/15/2025	DEI Douglas Emmett	Reiterated Rating	$16.00		Buy ➝ Neutral	Low
1/15/2025	CSR Centerspace	Upgrade	$64.00	$72.00	Neutral ➝ Buy	Low
1/2/2025	CHMI Cherry Hill Mortgage Investment	Initiated Coverage	$4.00	$4.00	Buy	N/A
1/2/2025	AOMR Angel Oak Mortgage REIT	Initiated Coverage	$10.00	$13.00	Buy	N/A
1/2/2025	MFA MFA Financial	Initiated Coverage	$11.00	$14.00	Buy	N/A
1/2/2025	NWFL Norwood Financial	Initiated Coverage	$24.00	$31.00	Buy	N/A
12/18/2024	STRW Strawberry Fields REIT	Initiated Coverage	$12.00	$12.50	Buy	N/A
12/17/2024	SR Spire	Initiated Coverage	$77.00	$73.00	Neutral	N/A
12/12/2024	FBRT Franklin BSP Realty Trust	Initiated Coverage	$13.00	$16.00	Buy	N/A
12/4/2024	FXNC First National	Downgrade	$23.00		Buy ➝ Neutral	N/A
12/3/2024	SABK South Atlantic Bancshares	Upgrade	$15.00	$19.00	Neutral ➝ Buy	N/A
11/22/2024	NKSH National Bankshares	Upgrade	$27.00	$38.00	Neutral ➝ Buy	N/A
11/21/2024	THG The Hanover Insurance Group	Downgrade	$174.00	$176.00	Buy ➝ Neutral	N/A
11/21/2024	TRV Travelers Companies	Downgrade	$262.00	$280.00	Buy ➝ Neutral	N/A
11/19/2024	ACNB ACNB	Initiated Coverage	$42.00	$53.00	Buy	N/A
11/19/2024	SABK South Atlantic Bancshares	Downgrade	$15.00		Buy ➝ Neutral	N/A
11/15/2024	HAFC Hanmi Financial	Upgrade	$23.00		Neutral ➝ Buy	N/A
11/12/2024	SABK South Atlantic Bancshares	Upgrade	$15.00	$17.25	Neutral ➝ Buy	N/A
11/12/2024	AVBH Avidbank	Upgrade	$23.00	$26.00	Neutral ➝ Buy	N/A
11/12/2024	AVBH Avidbank	Upgrade	$23.00	$26.00	Neutral ➝ Buy	N/A
11/12/2024	SABK South Atlantic Bancshares	Upgrade	$15.00	$17.25	Neutral ➝ Buy	N/A
10/31/2024	ENVX Enovix	Downgrade	$8.00	$10.00	Buy ➝ Neutral	High
10/30/2024	HMST HomeStreet	Downgrade	$9.00		Strong-Buy ➝ Hold	Low
10/29/2024	FSLR First Solar	Upgrade	$126.00	$260.00	Neutral ➝ Buy	High
10/28/2024	WSFS WSFS Financial	Reiterated Rating	$53.00		Buy ➝ Neutral	High
10/24/2024	FBMS First Bancshares	Downgrade	$35.00		Buy ➝ Neutral	High
10/23/2024	ENPH Enphase Energy	Downgrade	$60.00	$83.00	Buy ➝ Neutral	Low
10/4/2024	CCJ Cameco	Upgrade	$43.00		Strong-Buy	Medium
10/4/2024	CCO Cameco	Upgrade	C$62.00		Strong-Buy	N/A
10/3/2024	SILA Sila Realty Trust	Initiated Coverage	$26.00	$28.00	Buy	Low
9/27/2024	ITRI Itron	Initiated Coverage	$107.00	$131.00	Buy	High
9/10/2024	CFB CrossFirst Bankshares	Upgrade	$16.00	$21.00	Neutral ➝ Buy	Medium
9/5/2024	AQN Algonquin Power & Utilities	Initiated Coverage	$5.00	$6.00	Neutral	Low
9/5/2024	AQN Algonquin Power & Utilities	Upgrade	C$7.00		Hold	N/A
8/26/2024	ENVA Enova International	Downgrade	$100.00		Buy ➝ Neutral	Low
8/16/2024	TWO Two Harbors Investment	Initiated Coverage	$13.00	$15.00	Buy	Low
8/13/2024	NYMT New York Mortgage Trust	Initiated Coverage	$7.00	$7.00	Neutral	Low
8/12/2024	NYMT New York Mortgage Trust	Upgrade	$7.00		Hold	Low
8/5/2024	NWN Northwest Natural	Upgrade	$41.00	$36.00 ➝ $43.00	Neutral ➝ Buy	Low
8/2/2024	SEVN Seven Hills Realty Trust	Initiated Coverage	$13.00	$15.00	Buy	Low
8/1/2024	GHI Greystone Housing Impact Investors	Initiated Coverage	$13.00	$17.00	Buy	Low
8/1/2024	FXNC First National	Upgrade	$23.00	$21.00	Neutral ➝ Buy	Low
7/31/2024	PFC Premier Financial	Reiterated Rating	$28.00		Buy ➝ Neutral	Low
7/30/2024	SHBI Shore Bancshares	Downgrade	$14.00		Buy ➝ Neutral	Low
7/29/2024	FCF First Commonwealth Financial	Downgrade	$16.00	$16.00 ➝ $19.00	Buy ➝ Neutral	Low
7/26/2024	AMTB Amerant Bancorp	Downgrade	$21.00	$25.00	Buy ➝ Neutral	Low
7/26/2024	TCBK TriCo Bancshares	Reiterated Rating	$41.00		Buy ➝ Neutral	Low
7/25/2024	WNEB Western New England Bancorp	Downgrade	$9.00		Buy ➝ Neutral	Low
7/25/2024	LB LandBridge	Initiated Coverage	$78.00	$36.00	Buy	N/A
7/22/2024	BHLB Berkshire Hills Bancorp	Downgrade	$27.00	$28.00	Buy ➝ Neutral	Low
7/19/2024	BANR Banner	Downgrade	$65.00		Buy ➝ Neutral	Low
7/16/2024	KINS Kingstone Companies	Initiated Coverage	$17.00	$6.50	Buy	Low
7/12/2024	AVBH Avidbank	Initiated Coverage	$23.00	$21.00	Neutral	Low
7/12/2024	AVBH Avidbank	Initiated Coverage	$23.00	$21.00	Neutral	N/A
6/28/2024	ORRF Orrstown Financial Services	Initiated Coverage	$31.00	$32.00	Buy	Low
6/27/2024	BWXT BWX Technologies	Initiated Coverage	$102.00	$113.00	Buy	Low
6/20/2024	HMST HomeStreet	Upgrade	$9.00	$13.50	Neutral ➝ Buy	Low
6/18/2024	AMTB Amerant Bancorp	Initiated Coverage	$21.00	$25.00	Buy	Low
6/18/2024	FSLR First Solar	Downgrade	$126.00		Buy ➝ Neutral	Low
6/13/2024	MAA Mid-America Apartment Communities	Upgrade	$164.00	$150.00	Neutral ➝ Buy	Low
6/13/2024	GNRC Generac	Downgrade	$134.00	$126.00 ➝ $154.00	Buy ➝ Neutral	Low
6/6/2024	ARR ARMOUR Residential REIT	Initiated Coverage	$18.00	$20.00	Neutral	Low
6/6/2024	DX Dynex Capital	Initiated Coverage	$13.00	$13.50	Buy	Low
6/6/2024	NLY Annaly Capital Management	Initiated Coverage	$21.00	$21.00	Buy	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	$8.00	$10.00	Buy	Low
6/6/2024	AGNC AGNC Investment	Initiated Coverage	$10.00	$10.50	Buy	Low
5/22/2024	CVBF CVB Financial	Downgrade	$19.00		Buy ➝ Neutral	Low
5/15/2024	BSRR Sierra Bancorp	Downgrade	$29.00		Buy ➝ Neutral	Low
5/8/2024	MBWM Mercantile Bank	Downgrade	$45.00		Buy ➝ Neutral	Low
4/30/2024	CZFS Citizens Financial Services	Upgrade	$61.00	$53.00	Neutral ➝ Buy	Low
4/29/2024	FULT Fulton Financial	Upgrade	$18.00	$19.50	Neutral ➝ Buy	Low
4/23/2024	BSRR Sierra Bancorp	Upgrade	$29.00	$24.00 ➝ $23.00	Neutral ➝ Buy	Low
4/22/2024	PSBD Palmer Square Capital BDC	Initiated Coverage	$14.00	$17.50	Neutral	Low
4/18/2024	VST Vistra	Initiated Coverage	$124.00	$82.00	Buy	Low
4/12/2024	FSLR First Solar	Initiated Coverage	$126.00	$236.00	Buy	Low
4/2/2024	MVST Microvast	Reiterated Rating	$1.00	$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	$0.00	$12.00	Neutral ➝ Buy	Low
3/22/2024	SEDG SolarEdge Technologies	Downgrade	$16.00		Buy ➝ Neutral	Low
3/21/2024	NBTB NBT Bancorp	Upgrade	$44.00	$39.00	Neutral ➝ Buy	Low
3/15/2024	MKL Markel Group	Reiterated Rating	$1,868.00	$1,600.00	Buy ➝ Neutral	Low
3/1/2024	SASR Sandy Spring Bancorp	Initiated Coverage	$29.00	$25.00	Neutral	Low
2/27/2024	NOVA Sunnova Energy International	Downgrade	$0.00		Buy ➝ Neutral	Low
2/27/2024	RUN Sunrun	Downgrade	$6.00		Buy ➝ Neutral	Low
2/27/2024	EIG Employers	Downgrade	$51.00		Buy ➝ Neutral	Low
2/21/2024	CFB CrossFirst Bankshares	Initiated Coverage	$16.00		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