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Upgrades:
> PVH (PVH) upgraded to Overweight from Equal Weight at Barclays; tgt raised to $106
> Restaurant Brands Int’l (QSR) upgraded to Outperform from Market Perform at BMO Capital Markets; tgt raised to $72
Downgrades:
> BigCommerce (BIGC) downgraded to Sector Weight from Overweight at KeyBanc Capital Markets
> Domo (DOMO) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $16
> Pinterest (PINS) downgraded to Neutral from Buy at MKM Partners; tgt $27
> Salesforce (CRM) downgraded to Market Perform from Outperform at Cowen
Others:
> American Fincl (AFG) initiated with a Market Perform at BMO Capital Markets; tgt $155
> American Intl (AIG) initiated with a Market Perform at BMO Capital Markets; tgt $64
> Arch Capital (ACGL) initiated with a Market Perform at BMO Capital Markets; tgt $65
> Arthur J. Gallagher (AJG) initiated with an Outperform at BMO Capital Markets; tgt $211
> Brown & Brown (BRO) initiated with an Outperform at BMO Capital Markets; tgt $67
> Goosehead Insurance (GSHD) initiated with a Market Perform at BMO Capital Markets; tgt $39
> Progressive (PGR) initiated with an Outperform at BMO Capital Markets; tgt $155
> Ryan Specialty Group (RYAN) initiated with an Outperform at BMO Capital Markets; tgt $51
> Travelers (TRV) initiated with an Outperform at BMO Capital Markets; tgt $212
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