Analyst Ratings published Thursday December 18th 2025

12/18/25	Initiated	Equal Weight	X
AAL American Airlines Wells Fargo
$17
12/18/25	Downgrades	Buy Neutral	X
ABM ABM Industries UBS
$51
12/18/25	Initiated	Buy	X
AEP American Electric Siebert Williams Shank
$137
12/18/25	Downgrades	Outperform Mkt Perform	X
ALL Allstate William Blair
12/18/25	Downgrades	Outperform Neutral	X
ARGX argenx Robert W. Baird
$858
12/18/25	Reiterated	Overweight	X
AZO AutoZone JP Morgan
$4850 $4100
12/18/25	Initiated	Neutral	X
BRO Brown & Brown JP Morgan
$91
12/18/25	Downgrades	Overweight Eq-Weight	X
CNK Cinemark Morgan Stanley
$28
12/18/25	Downgrades	Outperform Neutral	X
COLD Americold Realty Trust Robert W. Baird
$13
12/18/25	Upgrades	Mkt Perform Mkt Outperform	X
CORZ Core Scientific Citizens JMP
$30
12/18/25	Upgrades	Neutral Buy	X
CYTK Cytokinetics Goldman
$95
12/18/25	Initiated	Overweight	X
DAL Delta Air Lines Wells Fargo
$87
12/18/25	Resumed	Buy	X
DLR Digital Realty Trust Goldman
$188
12/18/25	Upgrades	Sell Neutral	X
ENPH Enphase Energy Goldman
$29
12/18/25	Downgrades	Eq-Weight Underweight	X
EPD Enterprise Products Morgan Stanley
$34
12/18/25	Resumed	Neutral	X
EQIX Equinix Goldman
$795
12/18/25	Downgrades	Overweight Eq-Weight	X
ET Energy Transfer Morgan Stanley
$19
12/18/25	Downgrades	Outperform Neutral	X
EVRG Evergy Mizuho
$76
12/18/25	Upgrades	Neutral Overweight	X
EW Edwards Lifesciences JP Morgan
$100
12/18/25	Initiated	Buy	X
FHTX Foghorn Therapeutics BTIG Research
$11
12/18/25	Upgrades	Neutral Overweight	X
FRT Federal Realty JP Morgan
$114
12/18/25	Upgrades	Neutral Overweight	X
GBCI Glacier Bancorp Piper Sandler
$58
12/18/25	Upgrades	Neutral Overweight	X
HP Helmerich & Payne Piper Sandler
$35
12/18/25	Initiated	Neutral	X
IREN IREN Limited Goldman
$39
12/18/25	Downgrades	Mkt Perform Underperform	X
KMPR Kemper William Blair
12/18/25	Downgrades	Neutral Underweight	X
KW Kennedy Wilson JP Morgan
$11
12/18/25	Downgrades	Neutral Underperform	X
LEN Lennar BofA Securities
$95
12/18/25	Downgrades	In-line Underperform	X
LEN Lennar Evercore ISI
$92
12/18/25	Downgrades	Sec Perform Underperform	X
LEN Lennar RBC Capital Mkts
$95
12/18/25	Initiated	Equal Weight	X
LUV Southwest Air Wells Fargo
$45
12/18/25	Upgrades	Mkt Perform Outperform	X
MAN Manpower BMO Capital Markets
$44
12/18/25	Reiterated	Outperform	X
MBWM Mercantile Bank Hovde Group
$53 $56
12/18/25	Upgrades	Mkt Perform Outperform	X
MRK Merck BMO Capital Markets
$130
12/18/25	Upgrades	Neutral Buy	X
MU Micron BofA Securities
$300
12/18/25	Reiterated	Buy	X
MU Micron TD Cowen
$275 $300
12/18/25	Upgrades	Underweight Overweight	X
NBR Nabors Industries Piper Sandler
$65
12/18/25	Upgrades	Mkt Perform Outperform	X
NMIH NMI Hldgs Keefe Bruyette
$48
12/18/25	Downgrades	Neutral Underweight	X
O Realty Income JP Morgan
$61
12/18/25	Initiated	Buy	X
OPTT Ocean Power Tech H.C. Wainwright
$1.50
12/18/25	Upgrades	Neutral Overweight	X
PEN Penumbra JP Morgan
$370
12/18/25	Downgrades	Outperform Mkt Perform	X
PGR Progressive William Blair
12/18/25	Upgrades	Mkt Perform Outperform	X
PMT PennyMac Mortgage Keefe Bruyette
$13.50
12/18/25	Downgrades	Overweight Neutral	X
PSA Public Storage JP Morgan
$301
12/18/25	Downgrades	Eq-Weight Underweight	X
PYPL PayPal Morgan Stanley
$51
12/18/25	Downgrades	Overweight Neutral	X
REG Regency Centers JP Morgan
$76
12/18/25	Upgrades	Neutral Outperform	X
RIVN Rivian Automotive Robert W. Baird
$25
12/18/25	Upgrades	Neutral Overweight	X
RNGR Ranger Energy Services Piper Sandler
$17
12/18/25	Upgrades	Neutral Buy	X
RTO Rentokil Initial plc BofA Securities
$34
12/18/25	Downgrades	Outperform Neutral	X
SEE Sealed Air Robert W. Baird
$42
12/18/25	Initiated	Outperform	X
SERV Serve Robotics Oppenheimer
$20
12/18/25	Upgrades	Underweight Neutral	X
SHAK Shake Shack JP Morgan
$90
12/18/25	Initiated	Outperform	X
SHC Sotera Health William Blair
12/18/25	Upgrades	Neutral Buy	X
SHW Sherwin-Williams Citigroup
$390
12/18/25	Initiated	Buy	X
SITE SiteOne Landscape Supply BofA Securities
$147
12/18/25	Downgrades	Buy Neutral	X
SLP Simulations Plus BTIG Research
12/18/25	Upgrades	Eq-Weight Overweight	X
SPHR Sphere Entertainment Co. Morgan Stanley
$105
12/18/25	Upgrades	Sec Perform Outperform	X
TD Toronto-Dominion Bank National Bank Financial
12/18/25	Initiated	Overweight	X
UAL United Airlines Wells Fargo
$145
12/18/25	Downgrades	Neutral Underweight	X
UDR UDR JP Morgan
$40
12/18/25	Initiated	Buy	X
VERU Veru Canaccord Genuity
$25
12/18/25	Reiterated	Buy	X
VFC V.F. Corp Needham
$19 $21
12/18/25	Initiated	Buy	X
VPG Vishay Precision Lake Street
$44
12/18/25	Initiated	Buy	X
VVV Valvoline Roth Capital
$42
12/18/25	Downgrades	Overweight Neutral	X
WELL Welltower JP Morgan
$205
12/18/25	Upgrades	Eq-Weight Overweight	X
WMG Warner Music Group Morgan Stanley
$37
12/18/25	Downgrades	Neutral Underweight	X
XPRO Expro Group Piper Sandler
$13