Analyst Ratings published Monday September 29th 2025

9/29/25	Upgrades	Neutral Outperform	X
ASML ASML Mizuho
9/29/25	Initiated	Buy	X
ATAT Atour Lifestyle Hldgs. Ltd. Jefferies
$48
9/29/25	Downgrades	Outperform Neutral	X
AVB AvalonBay BNP Paribas Exane
9/29/25	Initiated	Buy	X
CERT Certara Craig Hallum
$16
9/29/25	Upgrades	Eq-Weight Overweight	X
CFG Citizens Financial Group Morgan Stanley
$71
9/29/25	Downgrades	Buy Underperform	X
CHH Choice Hotels BofA Securities
$110
9/29/25	Initiated	Buy	X
CNM Core & Main UBS
$65
9/29/25	Downgrades	Outperform Neutral	X
EA Electronic Arts Wedbush
$200
9/29/25	Downgrades	Outperform Neutral	X
EQR Equity Residential BNP Paribas Exane
9/29/25	Downgrades	Outperform Neutral	X
ESS Essex Property BNP Paribas Exane
9/29/25	Upgrades	Neutral Buy	X
GD General Dynamics Seaport Research Partners
$376
9/29/25	Initiated	Buy	X
IMUX Immunic Chardan Capital Markets
$13
9/29/25	Upgrades	Neutral Buy	X
INVZ Innoviz Technologies Goldman
$2.50
9/29/25	Downgrades	Buy Neutral	X
KALA KALA BIO H.C. Wainwright
9/29/25	Downgrades	Buy Neutral	X
KALA KALA BIO Ladenburg Thalmann
9/29/25	Downgrades	Buy Neutral	X
KMX CarMax Seaport Research Partners
9/29/25	Initiated	Buy	X
KNSA Kiniksa Pharmaceuticals TD Cowen
$60
9/29/25	Upgrades	Hold Buy	X
LRCX Lam Research Deutsche Bank
$150
9/29/25	Downgrades	Neutral Underperform	X
MAA Mid-America Aptmt BNP Paribas Exane
9/29/25	Downgrades	Buy Neutral	X
MLTX MoonLake Immunotherapeutics BTIG Research
9/29/25	Downgrades	Buy Hold	X
MLTX MoonLake Immunotherapeutics Jefferies
$8
9/29/25	Downgrades	Outperform Sec Perform	X
MLTX MoonLake Immunotherapeutics RBC Capital Mkts
$10
9/29/25	Downgrades	Buy Hold	X
MLTX MoonLake Immunotherapeutics Stifel
$13
9/29/25	Downgrades	Overweight Eq-Weight	X
MTB M&T Bank Morgan Stanley
$251
9/29/25	Downgrades	Overweight Eq Weight	X
NTB Bank of N.T. Butterfield & Son Wells Fargo
$50
9/29/25	Downgrades	Eq-Weight Underweight	X
NVO Novo Nordisk A/S Morgan Stanley
$47
9/29/25	Initiated	Buy	X
RVPH Reviva Pharmaceuticals Chardan Capital Markets
$2
9/29/25	Initiated	Equal Weight	X
SMR NuScale Power Barclays
$45
9/29/25	Initiated	Buy	X
SPOT Spotify Argus
$845
9/29/25	Initiated	Buy	X
TIGR UP Fintech Jefferies
$12
9/29/25	Downgrades	Outperform Neutral	X
UDR UDR BNP Paribas Exane
9/29/25	Downgrades	Overweight Eq-Weight	X
USB U.S. Bancorp Morgan Stanley
$56
9/29/25	Downgrades	Overweight Eq-Weight	X
UWMC UWM Holdings Morgan Stanley
$6.50
9/29/25	Initiated	Outperform	X
VSEC VSE Corp Wolfe Research
$190
9/29/25	Downgrades	Eq Weight Underweight	X
WAL Western Alliance Bancorp Wells Fargo
$90
9/29/25	Reiterated	Buy	X
WDC Western Digital Rosenblatt
$90 $125
9/29/25	Downgrades	Buy Neutral	X
WDH Waterdrop Goldman
$2
9/29/25	Downgrades	Overweight Eq-Weight	X
WFC Wells Fargo Morgan Stanley
$90
9/29/25	Initiated	Buy	X
WRD WeRide Citigroup
$15.50