Analyst Ratings published Wednesday October 22nd 2025

10/22/25	Initiated	Equal Weight	X
ACN Accenture Wells Fargo
$251
10/22/25	Initiated	Underweight	X
ADP Automatic Data Wells Fargo
$288
10/22/25	Initiated	Neutral	X
AEP American Electric BTIG Research
10/22/25	Initiated	Overweight	X
AFRM Affirm Wells Fargo
$89
10/22/25	Downgrades	Buy Neutral	X
ALEC Alector BTIG Research
10/22/25	Downgrades	Overweight Neutral	X
ALEC Alector Cantor Fitzgerald
10/22/25	Downgrades	Outperform Neutral	X
ALEC Alector Mizuho
$1.50
10/22/25	Downgrades	Buy Hold	X
ALEC Alector TD Cowen
10/22/25	Downgrades	Outperform Mkt Perform	X
ALEC Alector William Blair
10/22/25	Initiated	Buy	X
APP AppLovin Deutsche Bank
$705
10/22/25	Downgrades	Buy Neutral	X
ARCT Arcturus Therapeutics Guggenheim
10/22/25	Reiterated	Outperform	X
BFC Bank First Corporation Hovde Group
$145 $150
10/22/25	Upgrades	Neutral Buy	X
BIOA BioAge Labs Citigroup
$10
10/22/25	Downgrades	Outperform Perform	X
BIOX Bioceres Oppenheimer
10/22/25	Upgrades	Neutral Overweight	X
BMA Banco Macro JP Morgan
$79
10/22/25	Upgrades	Hold Buy	X
BMI Badger Meter Stifel
$215
10/22/25	Reiterated	Overweight	X
BROS Dutch Bros Barclays
$92 $65
10/22/25	Initiated	Sector Perform	X
CAT Caterpillar RBC Capital Mkts
$560
10/22/25	Reiterated	Equal Weight	X
CAVA CAVA Group Barclays
$74 $64
10/22/25	Resumed	Neutral	X
CFFN Capitol Federal Piper Sandler
$7
10/22/25	Downgrades	Buy Hold	X
CMC Commercial Metals Jefferies
$70
10/22/25	Reiterated	Equal Weight	X
CMG Chipotle Mexican Grill Barclays
$53 $43
10/22/25	Upgrades	Neutral Buy	X
CORZ Core Scientific B. Riley Securities
$30
10/22/25	Initiated	Neutral	X
CPK Chesapeake Utilities BTIG Research
10/22/25	Initiated	Overweight	X
CTSH Cognizant Tech Wells Fargo
$82
10/22/25	Initiated	Neutral	X
D Dominion Energy BTIG Research
10/22/25	Initiated	Outperform	X
DE Deere RBC Capital Mkts
$542
10/22/25	Initiated	Overweight	X
DELL Dell Piper Sandler
$172
10/22/25	Initiated	Buy	X
DLR Digital Realty Trust Daiwa Securities
$210
10/22/25	Initiated	Buy	X
DUK Duke Energy BTIG Research
$150
10/22/25	Initiated	Overweight	X
EPAM EPAM Systems Wells Fargo
$185
10/22/25	Initiated	Buy	X
ETR Entergy BTIG Research
$111
10/22/25	Initiated	Neutral	X
EXC Exelon BTIG Research
10/22/25	Initiated	Equal Weight	X
FI Fiserv Wells Fargo
$130
10/22/25	Initiated	Overweight	X
FIS Fidelity Nat’l Info Wells Fargo
$81
10/22/25	Upgrades	Peer Perform Outperform	X
FLYW Flywire Wolfe Research
$16
10/22/25	Initiated	Buy	X
FSLR First Solar Needham
$286
10/22/25	Upgrades	Neutral Buy	X
FUL H.B. Fuller Citigroup
$70
10/22/25	Downgrades	Overweight Neutral	X
GGAL Grupo Financiero Galicia JP Morgan
$46
10/22/25	Initiated	Equal Weight	X
GLOB Globant Wells Fargo
$61
10/22/25	Upgrades	Mkt Perform Outperform	X
GLPG Galapagos NV Leerink Partners
$40
10/22/25	Initiated	Buy	X
GNRC Generac Needham
$248
10/22/25	Downgrades	Overweight Sec Weight	X
GPN Global Payments KeyBanc Capital Markets
10/22/25	Initiated	Overweight	X
GPN Global Payments Wells Fargo
$103
10/22/25	Upgrades	Eq-Weight Overweight	X
H Hyatt Hotels Morgan Stanley
$168
10/22/25	Upgrades	Hold Buy	X
HAL Halliburton HSBC Securities
$30
10/22/25	Upgrades	Sec Perform Outperform	X
HAL Halliburton RBC Capital Mkts
$31
10/22/25	Initiated	Neutral	X
HPE Hewlett Packard Enterprise Piper Sandler
$24
10/22/25	Downgrades	Overweight Neutral	X
HPQ HP Inc. JP Morgan
$30
10/22/25	Initiated	Buy	X
IDA IdaCorp BTIG Research
$157
10/22/25	Downgrades	Overweight Eq Weight	X
IT Gartner Barclays
$270
10/22/25	Reiterated	Equal Weight	X
JACK Jack In The Box Barclays
$19 $17
10/22/25	Initiated	Equal Weight	X
JKHY Jack Henry Wells Fargo
$161
10/22/25	Upgrades	Peer Perform Outperform	X
KNTK Kinetik Wolfe Research
$45
10/22/25	Initiated	Buy	X
KOPN Kopin Craig Hallum
$6
10/22/25	Initiated	Overweight	X
MA Mastercard Wells Fargo
$669
10/22/25	Upgrades	Underweight Eq-Weight	X
MANH Manhattan Assoc Morgan Stanley
$200
10/22/25	Reiterated	Overweight	X
MCD McDonald’s Barclays
$360 $362
10/22/25	Upgrades	Underweight Eq-Weight	X
MMM 3M Morgan Stanley
$160
10/22/25	Reiterated	Buy	X
MSFT Microsoft Citigroup
$680 $682
10/22/25	Initiated	Buy	X
NEE NextEra Energy BTIG Research
$98
10/22/25	Initiated	Buy	X
NGVC Natural Grocers Northcoast
$54
10/22/25	Initiated	Buy	X
NWN Northwest Natural BTIG Research
$53
10/22/25	Downgrades	Buy Neutral	X
NXT Nextracker Guggenheim
10/22/25	Initiated	Buy	X
NXT Nextracker Needham
$102
10/22/25	Initiated	Underweight	X
PAYX Paychex Wells Fargo
$128
10/22/25	Upgrades	Underperform Peer Perform	X
PCAR PACCAR Wolfe Research
10/22/25	Initiated	Buy	X
PCT PureCycle Technologies Seaport Research Partners
$23
10/22/25	Resumed	Buy	X
PEBO Peoples Bancorp DA Davidson
$33
10/22/25	Initiated	Buy	X
PEG Public Service BTIG Research
$98
10/22/25	Upgrades	Neutral Buy	X
PEGA Pegasystems DA Davidson
$85
10/22/25	Initiated	Outperform	X
PFGC Performance Food Group Bernstein
$130
10/22/25	Initiated	Buy	X
POR Portland Gen Elec BTIG Research
$52
10/22/25	Initiated	Buy	X
PPL PPL Corp BTIG Research
$44
10/22/25	Initiated	Buy	X
PRIM Primoris Services Needham
$175
10/22/25	Initiated	Equal Weight	X
PYPL PayPal Wells Fargo
$74
10/22/25	Reiterated	Positive	X
QCOM Qualcomm Susquehanna
$190 $200
10/22/25	Initiated	Equal-Weight	X
RHP Ryman Hospitality Morgan Stanley
$92
10/22/25	Reiterated	Overweight	X
SBUX Starbucks Barclays
$115 $95
10/22/25	Reiterated	Overweight	X
SHAK Shake Shack Barclays
$160 $115
10/22/25	Initiated	Buy	X
SHLS Shoals Technologies Needham
$12
10/22/25	Initiated	Buy	X
SKYT SkyWater Technology Stifel
$25
10/22/25	Initiated	Neutral	X
SO Southern BTIG Research
10/22/25	Initiated	Buy	X
SR Spire BTIG Research
$99
10/22/25	Initiated	Buy	X
SRE Sempra Energy BTIG Research
$106
10/22/25	Downgrades	Neutral Underweight	X
SUPV Grupo Supervielle JP Morgan
$5
10/22/25	Initiated	Mkt Perform	X
SYY Sysco Bernstein
$83
10/22/25	Initiated	Overweight	X
TOST Toast Wells Fargo
$47
10/22/25	Reiterated	Buy	X
TXN Texas Instruments TD Cowen
$210 $200
10/22/25	Initiated	Hold	X
U Unity Software Deutsche Bank
$39
10/22/25	Initiated	Outperform	X
URI United Rentals RBC Capital Mkts
$1152
10/22/25	Initiated	Outperform	X
USFD US Foods Bernstein
$95
10/22/25	Initiated	Overweight	X
V Visa Wells Fargo
$412
10/22/25	Upgrades	Hold Buy	X
VICR Vicor Craig Hallum
$90
10/22/25	Initiated	Buy	X
WEC WEC Energy Group BTIG Research
$136
10/22/25	Upgrades	Neutral Buy	X
WEX WEX BofA Securities
$178
10/22/25	Downgrades	Mkt Perform Underperform	X
WRB W.R. Berkley BMO Capital Markets
$64
10/22/25	Reiterated	Dirty	X
WUBIX Wubistics G. William Miller Research
10/22/25	Initiated	Buy	X
XEL Xcel Energy BTIG Research
$96