ISI Group
Upgrade grade
D
Downgrade grade
D
ISI Group is an independent investment bank and equity research boutique founded in 1995 by Ed Hyman and Ned David, who established it as a contrarian research platform focused on delivering institutional-quality analysis outside the traditional Wall Street establishment. The firm has built a strong reputation for depth across multiple sectors while maintaining a lean, specialized analyst roster, as evidenced by their approximately 490 analyst ratings calls on US equities in our database. ISI Group is particularly well-regarded for their work covering technology, healthcare, and consumer discretionary sectors, where their research team has developed deep expertise and a track record of insightful positioning relative to consensus. What distinguishes ISI among research boutiques is their commitment to fundamental bottom-up analysis combined with fearless contrarian calls, earning them a loyal following among hedge funds and institutional investors who value their willingness to challenge prevailing market narratives rather than simply follow the crowd.
Upgrades
106
69.81% win rate
· avg +1.60% D1
Downgrades
108
69.44% win rate
· avg -0.98% D1
Avg Gap — Upgrades
+1.35%
open vs prev close
Avg Gap — Downgrades
-0.60%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Real Estate | 63.33% (30) | +0.71% | 70.59% (17) | -0.54% |
| Industrials | 85.71% (14) | +1.84% | 68.75% (16) | -1.36% |
| Utilities | 50.00% (16) | +0.37% | 85.71% (14) | -1.54% |
| Consumer Cyclical | 80.00% (15) | +1.95% | 57.14% (14) | -0.54% |
| Healthcare | 81.82% (11) | +6.40% | 30.00% (10) | +1.00% |
| Technology | — | — | 100.00% (16) | -2.09% |
| Energy | — | — | 53.85% (13) | -0.45% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2014 | 71.4% | 35 | 79.4% | 34 |
| 2013 | 68.9% | 45 | 61.0% | 59 |
| 2012 | 69.2% | 26 | 76.9% | 13 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Nov 25, 2020 | FOXA | Fox Corporation | Communication Services | Downgrade | Strong Buy → Buy | — | -0.1% | -0.6% |
| Sep 23, 2020 | AAPL | Apple Inc. | Technology | Downgrade | Strong Buy → Buy | — | -0.2% | -4.2% |
| Oct 30, 2014 | COR | Cencora, Inc. | Healthcare | Downgrade | Buy → Hold | — | +2.4% | +6.4% |
| Oct 29, 2014 | DTE | DTE Energy Company | Utilities | Downgrade | Buy → Hold | — | -0.9% | -1.4% |
| Oct 28, 2014 | MSGS | Madison Square Garden Sports Corp. | Communication Services | Upgrade | Hold → Buy | — | — | — |
| Oct 16, 2014 | ASPN | Aspen Aerogels, Inc. | Industrials | Maintains | Buy → Buy | — | -2.1% | +5.4% |
| Oct 16, 2014 | CLB | Core Laboratories N.V. | Energy | Maintains | Buy → Buy | — | -2.2% | +1.0% |
| Oct 16, 2014 | TTI | TETRA Technologies, Inc. | Energy | Maintains | Buy → Buy | — | -3.2% | +1.7% |
| Oct 16, 2014 | DNOW | Dnow Inc. | Energy | Maintains | Hold → Hold | — | -2.2% | +0.9% |
| Oct 16, 2014 | FMC | FMC Corporation | Basic Materials | Maintains | Buy → Buy | — | -0.4% | +3.4% |
| Oct 16, 2014 | THR | Thermon Group Holdings, Inc. | Industrials | Maintains | Buy → Buy | — | -1.5% | -0.1% |
| Oct 16, 2014 | OII | Oceaneering International, Inc. | Energy | Maintains | Buy → Buy | — | -2.3% | +1.1% |
| Oct 16, 2014 | NOV | NOV Inc. | Energy | Maintains | Buy → Buy | — | -2.4% | +1.8% |
| Oct 16, 2014 | GTLS | Chart Industries, Inc. | Industrials | Maintains | Buy → Buy | — | -1.7% | +5.8% |
| Oct 16, 2014 | HAL | Halliburton Company | Energy | Maintains | Buy → Buy | — | -3.4% | +1.0% |
| Oct 16, 2014 | SLB | SLB N.V. | Energy | Maintains | Buy → Buy | — | -2.8% | +1.6% |
| Oct 10, 2014 | ICLR | ICON Public Limited Company | Healthcare | Downgrade | Strong Buy → Neutral | — | -4.3% | -3.2% |
| Oct 10, 2014 | IQV | IQVIA Holdings Inc. | Healthcare | Upgrade | Neutral → Buy | — | -2.0% | -2.6% |
| Oct 6, 2014 | WELL | Welltower Inc. | Real Estate | Maintains | Buy → Buy | — | +0.4% | +0.7% |
| Oct 3, 2014 | TER | Teradyne, Inc. | Technology | Downgrade | Buy → Neutral | — | -0.7% | -2.1% |
| Oct 3, 2014 | ADI | Analog Devices, Inc. | Technology | Downgrade | Buy → Neutral | — | +0.4% | -0.5% |
| Oct 3, 2014 | KLAC | KLA Corporation | Technology | Downgrade | Strong Buy → Neutral | — | -0.5% | -0.5% |
| Oct 2, 2014 | FOSL | Fossil Group, Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | — | +1.0% | +2.6% |
| Oct 1, 2014 | NRG | NRG Energy, Inc. | Utilities | Upgrade | Buy → Strong Buy | — | +0.7% | +2.3% |
| Oct 1, 2014 | EXC | Exelon Corporation | Utilities | Upgrade | Neutral → Buy | — | +0.3% | +1.4% |