Recently Published Research

Research evidence excerpt

Recently Published Research

Equity Research

May 11, 2026

Coverage Initiations Equity Research Department

Industrials

ARXS (Overweight) Purpose-Built Industrial Compounder; Initiate

Overweight | David Strauss

MAIR (Overweight) Initiate Overweight - Data Center Exposure to Drive the Return on

Air | Zachary Schechtman

Rating Changes

Media & Telecommunications

Media & Telecommunications: Dropping Coverage: BOC, CCO | Steven Cahall

Price Target Revisions

Energy

Energy: Energy for Another Weekend: Survive and Advance | Sam Margolin

Financial Services

BBDC (Overweight) Recap: What Spread Widening? | Finian O'Shea

CION (Underweight) Recap: Marriage Material? | Finian O'Shea

MFIC (Equal Weight) MFIC: Advisor Surrenders, but Risk Remains | Finian O'Shea

Health Care

COR (Overweight) Deceleration Unwelcome, but We See "Core" Growth Aligned with

Peers, Valuation Gap Should Narrow if That Continues | Stephen Baxter

DOCS (Overweight) F4Q26 Preview: Balancing Improving Market Trends with Growing

Idiosyncratic Risks; PT to $32 | Stan Berenshteyn

MDLN (Equal Weight) Mixed 1Q26 on Supply Chain Margins, Stock Weakness Not

Surprising Given Premium Valuation, PT to $45 | Stephen Baxter

MTD (Equal Weight) 1Q26 Recap: Stock Has Worst Day Since Covid on Concerns Around

2H Org Growth Ramp; Remain EW | Brandon Couillard

Materials

NTR (Overweight) Flowers Never Bend with the Rainfall - Reiterate OW on Positive

Nitrogen & Potash Fundamentals | Michael Sison

OLN (Overweight) Alone With My Faith - Raising Estimates on Strong Pricing in CAPV

Despite Demand Near Trough Levels | Michael Sison

Earnings Estimate Revised

Consumer

POST (Equal Weight) Portfolio Navigating the Environment | Marc Torrente

KNTK (Overweight) Post Q1 Update - Waha Fixed - Guidance Looks Conservative -