Analyst Ratings published Friday December 19th 2025

12/19/25	Downgrades	Overweight Eq Weight	X
ACM Aecom Tech Barclays
$100
12/19/25	Downgrades	Eq Weight Underweight	X
AGCO AGCO Corp Barclays
$93
12/19/25	Initiated	Overweight	X
AJG Arthur J. Gallagher Morgan Stanley
$300
12/19/25	Downgrades	Strong Buy Outperform	X
ALGT Allegiant Travel Raymond James
$98
12/19/25	Downgrades	Overweight Eq Weight	X
APD Air Products Wells Fargo
$250
12/19/25	Initiated	Overweight	X
AVAV AeroVironment KeyBanc Capital Markets
$285
12/19/25	Reiterated	Buy	X
AZTA Azenta Needham
$42 $44
12/19/25	Upgrades	Mkt Perform Outperform	X
BCSF Bain Capital Specialty Finance Keefe Bruyette
$16
12/19/25	Downgrades	Overweight Eq Weight	X
CE Celanese Wells Fargo
$45
12/19/25	Upgrades	Eq Weight Overweight	X
CMI Cummins Barclays
$546
12/19/25	Downgrades	Buy Hold	X
ELV Elevance Health Deutsche Bank
$320
12/19/25	Downgrades	Overweight Eq Weight	X
EMN Eastman Chemical Wells Fargo
$70
12/19/25	Downgrades	Buy Hold	X
EXP Eagle Materials Truist
$210
12/19/25	Reiterated	Hold	X
FCEL FuelCell Energy TD Cowen
$7 $9
12/19/25	Reiterated	Buy	X
FDX FedEx TD Cowen
$271 $313
12/19/25	Initiated	Sector Weight	X
FLY Firefly Aerospace KeyBanc Capital Markets
12/19/25	Upgrades	Eq Weight Overweight	X
GNRC Generac Wells Fargo
$195
12/19/25	Downgrades	Outperform Neutral	X
HOWL Werewolf Therapeutics Wedbush
$1
12/19/25	Resumed	Buy	X
INSM Insmed Truist
$202
12/19/25	Initiated	Overweight	X
KTOS Kratos Defense and Security KeyBanc Capital Markets
$90
12/19/25	Initiated	Overweight	X
LIVN LivaNova KeyBanc Capital Markets
$81
12/19/25	Downgrades	Overweight Neutral	X
LMT Lockheed Martin JP Morgan
$515
12/19/25	Downgrades	Outperform Mkt Perform	X
LNKB LINKBANCORP Hovde Group
$9.25
12/19/25	Initiated	Overweight	X
LUNR Intuitive Machines KeyBanc Capital Markets
$20
12/19/25	Downgrades	Overweight Eq Weight	X
LYB LyondellBasell Wells Fargo
$45
12/19/25	Downgrades	Neutral Underperform	X
LYFT Lyft Wedbush
$16
12/19/25	Reiterated	Buy	X
MNST Monster Beverage BofA Securities
$77 $85
12/19/25	Reiterated	Buy	X
NKE NIKE Needham
$78 $68
12/19/25	Reiterated	Market Perform	X
NKE NIKE Telsey Advisory Group
$75 $72
12/19/25	Initiated	Overweight	X
OCS Oculis Holding AG JP Morgan
$38
12/19/25	Upgrades	Neutral Overweight	X
PCAR PACCAR JP Morgan
$133
12/19/25	Initiated	Buy	X
PFSI PennyMac Jefferies
$160
12/19/25	Initiated	Overweight	X
PSN Parsons Barclays
$70
12/19/25	Initiated	Sector Weight	X
RDW Redwire KeyBanc Capital Markets
12/19/25	Initiated	Buy	X
RKT Rocket Companies Jefferies
$25
12/19/25	Upgrades	Mkt Perform Outperform	X
SFBS ServisFirst Bancshares Hovde Group
$89
12/19/25	Upgrades	Mkt Perform Mkt Outperform	X
SYK Stryker Citizens JMP
$440
12/19/25	Initiated	Overweight	X
SYNA Synaptics Wells Fargo
$95
12/19/25	Initiated	Buy	X
TBLA Taboola Rosenblatt
$6
12/19/25	Initiated	Hold	X
UWMC UWM Holdings Jefferies
$5
12/19/25	Upgrades	Eq Weight Overweight	X
VLRS Volaris Aviation Barclays
$11
12/19/25	Initiated	Buy	X
WD Walker & Dunlop Jefferies
$75