Analyst Ratings published Tuesday May 13th 2025

5/13/25	Downgrades	Outperform Mkt Perform	X
AFMD Affimed Therapeutics Leerink Partners
5/13/25	Upgrades	Neutral Buy	X
AON Aon Goldman
$408
5/13/25	Upgrades	Neutral Outperform	X
AR Antero Resources Mizuho
$49
5/13/25	Upgrades	Neutral Outperform	X
ARGX argenx Robert W. Baird
$680
5/13/25	Initiated	Hold	X
ASB Assoc Banc-Corp Truist
$26
5/13/25	Initiated	Outperform	X
BKH Black Hills Corp BMO Capital Markets
$68
5/13/25	Downgrades	Buy Neutral	X
BRO Brown & Brown Goldman
$119
5/13/25	Upgrades	Neutral Outperform	X
CAT Caterpillar Robert W. Baird
$395
5/13/25	Initiated	Buy	X
CLMT Calumet Specialty Products BofA Securities
$15
5/13/25	Upgrades	Neutral Buy	X
COIN Coinbase Global Monness Crespi & Hardt
$300
5/13/25	Initiated	Outperform	X
CRH CRH Plc. Bernstein
$115
5/13/25	Upgrades	Neutral Buy	X
CUBE CubeSmart BofA Securities
$50
5/13/25	Downgrades	Buy Hold	X
CVX Chevron HSBC Securities
$158
5/13/25	Upgrades	Neutral Outperform	X
DINO HF Sinclair Mizuho
$47
5/13/25	Upgrades	Neutral Outperform	X
DK Delek US Holdings Mizuho
$23
5/13/25	Downgrades	Overweight Underweight	X
ENPH Enphase Energy Barclays
$40
5/13/25	Downgrades	Mkt Perform Underperform	X
ENPH Enphase Energy BMO Capital Markets
$40
5/13/25	Downgrades	Neutral Underperform	X
ENPH Enphase Energy BNP Paribas Exane
$40
5/13/25	Initiated	Outperform	X
EVRG Evergy BMO Capital Markets
$75
5/13/25	Initiated	Hold	X
EWBC East West Banc Truist
$102
5/13/25	Resumed	Neutral	X
FBNC First Bancorp Piper Sandler
$48
5/13/25	Resumed	Buy	X
FDUS Fidus Investment B. Riley Securities
$22
5/13/25	Initiated	Hold	X
FFBC First Financial Bancorp Truist
$27
5/13/25	Initiated	Hold	X
FHN First Horizon Truist
$21
5/13/25	Initiated	Buy	X
FNB F.N.B. Corp Truist
$16.50
5/13/25	Resumed	Neutral	X
FSK FS KKR Capital B. Riley Securities
$19
5/13/25	Upgrades	Peer Perform Outperform	X
FSLR First Solar Wolfe Research
$221
5/13/25	Initiated	Buy	X
GTE Gran Tierra Energy Stifel
5/13/25	Downgrades	Mkt Perform Underperform	X
HALO Halozyme Therapeutics Leerink Partners
$47
5/13/25	Downgrades	Buy Hold	X
HCM HUTCHMED HSBC Securities
5/13/25	Resumed	Neutral	X
HRZN Horizon Technology Finance B. Riley Securities
$7
5/13/25	Initiated	Buy	X
INSM Insmed Jefferies
$105
5/13/25	Downgrades	Buy Neutral	X
IRT Independence Realty Trust Compass Point
$22
5/13/25	Downgrades	Outperform Mkt Perform	X
JNJ Johnson & Johnson Leerink Partners
$153
5/13/25	Downgrades	Eq-Weight Underweight	X
KIND Nextdoor Morgan Stanley
$1.10
5/13/25	Downgrades	Outperform Neutral	X
MUR Murphy Oil Mizuho
$31
5/13/25	Resumed	Neutral	X
NMFC New Mountain Finance B. Riley Securities
$11
5/13/25	Initiated	Market Perform	X
NWE NorthWestern BMO Capital Markets
$60
5/13/25	Downgrades	Buy Neutral	X
NXRT NexPoint Residential Compass Point
$42.50
5/13/25	Resumed	Buy	X
OBDC Blue Owl Capital B. Riley Securities
$15
5/13/25	Resumed	Neutral	X
OCSL Oaktree Specialty Lending Corp B. Riley Securities
$14
5/13/25	Initiated	Buy	X
ONB Old National Bancorp Truist
$26
5/13/25	Upgrades	Neutral Buy	X
PBF PBF Energy UBS
$26
5/13/25	Upgrades	Neutral Buy	X
PFLT PennantPark Floating Rate Capital Ladenburg Thalmann
$10.50
5/13/25	Initiated	Buy	X
PNFP Pinnacle Finl Truist
$123
5/13/25	Initiated	Market Perform	X
PNW Pinnacle West BMO Capital Markets
$95
5/13/25	Upgrades	Peer Perform Outperform	X
PODD Insulet Wolfe Research
$350
5/13/25	Initiated	Market Perform	X
POR Portland Gen Elec BMO Capital Markets
$46
5/13/25	Reiterated	Buy	X
PSX Phillips 66 TD Cowen
$114 $120
5/13/25	Upgrades	Neutral Outperform	X
PTON Peloton Macquarie
$10
5/13/25	Downgrades	Neutral Underperform	X
RPD Rapid7 DA Davidson
$21
5/13/25	Upgrades	Neutral Buy	X
RYAN Ryan Specialty Group Goldman
$81
5/13/25	Resumed	Neutral	X
SAR Saratoga Investment B. Riley Securities
$23.50
5/13/25	Resumed	Buy	X
SLRC SLR Capital Partners B. Riley Securities
$17
5/13/25	Initiated	Buy	X
SSB South State Truist
$106
5/13/25	Upgrades	Eq Weight Overweight	X
SWK Stanley Black & Decker Barclays
$90
5/13/25	Upgrades	Neutral Outperform	X
TEX Terex Robert W. Baird
$66
5/13/25	Resumed	Buy	X
TRIN Trinity Capital B. Riley Securities
$16
5/13/25	Resumed	Buy	X
TSLX Sixth Street Specialty Lending B. Riley Securities
$23
5/13/25	Initiated	Buy	X
UMBF UMB Financial Corporation Truist
$120
5/13/25	Upgrades	Neutral Buy	X
VLO Valero Energy Goldman
$154
5/13/25	Initiated	Hold	X
VLY Valley National Truist
$10
5/13/25	Initiated	Buy	X
WAL Western Alliance Bancorp Truist
$92
5/13/25	Initiated	Buy	X
WBS Webster Financial Truist
$61
5/13/25	Upgrades	Eq-Weight Overweight	X
XP XP Morgan Stanley
$24
5/13/25	Initiated	Hold	X
ZION Zions Bancorp Truist
$52