Top Initiations:  AEE LBRT NI PUMP SR SRE: SECTOR PERFORM @ Scotia  AESI OGE OGS PNW PPL SWX UGI XEL: SECTOR OUTPERFORM @ Scotia  ALIT DOV EMR HUBB JCI MAIR MMM NVT PH SPXC TT VRT: BUY @ Vertical  AYI CARR ETN HON ITW OTIS ROK: HOLD @ Vertical Research CFFI CHMG: BUY @ DA Davidson ABCL: OVERWEIGHT @ JPM ADPT: BUY @ GS BFLY: OUTPERFORM @ Evercore  FCEL: OUTPERFORM @ Opp FCF: NEUTRAL @ Davidson NAUT: BUY @ ROTH RPID: BUY @ ROTH SHBI: NEUTRAL @ Davidson SPCX: BUY @ TD Cowen XNDU: OUTPERFORM @ RBC 29-SEP-2026 07:14 AM ET