Ladenburg Thalmann
Upgrade grade
C
Downgrade grade
C
Ladenburg Thalmann & Co., Inc. was founded in 1927 and has evolved from its origins as a traditional investment bank into a diversified financial services firm with a notable equity research division. The firm has established a meaningful presence in equity research, with approximately 495 analyst ratings in our database covering US-listed companies across multiple sectors. Ladenburg has built particular expertise in covering small and mid-cap companies, consumer discretionary stocks, technology, and healthcare sectors, often providing perspectives on companies that receive lighter coverage from larger research boutiques. What distinguishes Ladenburg's research approach is its historical focus on serving retail and institutional clients with independent analysis, positioning the firm as a resourceful voice for investors seeking deep dives into overlooked market opportunities and emerging industry trends.
Upgrades
109
72.48% win rate
· avg +2.39% D1
Downgrades
150
69.33% win rate
· avg -3.75% D1
Avg Gap — Upgrades
+2.88%
open vs prev close
Avg Gap — Downgrades
-3.47%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 79.31% (29) | +1.91% | 67.57% (37) | -1.39% |
| Healthcare | 84.00% (25) | +4.57% | 52.94% (34) | -7.58% |
| Utilities | 66.67% (18) | +0.72% | 71.43% (21) | -0.88% |
| Real Estate | 66.67% (12) | +0.45% | 84.00% (25) | -1.69% |
| Technology | 41.67% (12) | +1.44% | 86.67% (15) | -10.53% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2025 | — | — | 58.3% | 12 |
| 2024 | 60.0% | 10 | 90.0% | 20 |
| 2020 | 81.8% | 11 | 50.0% | 16 |
| 2017 | 71.4% | 14 | — | — |
| 2016 | — | — | 78.3% | 23 |
| 2013 | 72.7% | 11 | 50.0% | 12 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 15, 2026 | CLRB | Cellectar Biosciences, Inc. | Healthcare | Initiates | Buy | $10 | +1.9% | -3.4% |
| May 11, 2026 | URGN | UroGen Pharma Ltd. | Healthcare | Reiterates | Buy | $43 | +3.6% | +6.6% |
| Apr 30, 2026 | AKR | Acadia Realty Trust | Real Estate | Upgrade | Neutral → Buy | $24 | +0.7% | -0.1% |
| Apr 10, 2026 | AORT | Artivion, Inc. | Healthcare | Upgrade | Neutral → Buy | — | +3.6% | +3.1% |
| Apr 9, 2026 | WSR | Whitestone REIT | Real Estate | Downgrade | Buy → Neutral | — | +11.5% | +11.7% |
| Apr 1, 2026 | NWE | Northwestern Energy Group Inc | Utilities | Upgrade | Neutral → Buy | — | +1.4% | +0.7% |
| Mar 13, 2026 | PEG | Public Service Enterprise Group Incorporated | Utilities | Downgrade | Buy → Neutral | — | +1.0% | +1.5% |
| Mar 9, 2026 | BCIC | BCP Investment Corporation | Financial Services | Downgrade | Buy → Neutral | — | +0.0% | -7.2% |
| Mar 5, 2026 | EIX | Edison International | Utilities | Downgrade | Neutral → Sell | — | -1.7% | -3.6% |
| Mar 4, 2026 | AEP | American Electric Power Company, Inc. | Utilities | Upgrade | Neutral → Buy | — | +0.4% | +1.2% |
| Mar 3, 2026 | RCAT | Red Cat Holdings, Inc. | Technology | Maintains | Buy → Buy | — | +6.9% | +7.5% |
| Mar 3, 2026 | CORZ | Core Scientific, Inc. | Technology | Maintains | Buy → Buy | — | -3.0% | -7.2% |
| Feb 27, 2026 | EIC | Eagle Point Income Company Inc. | Financial Services | Downgrade | Buy → Neutral | — | -2.1% | -1.0% |
| Jan 7, 2026 | PEG | Public Service Enterprise Group Incorporated | Utilities | Upgrade | Neutral → Buy | — | +0.8% | -1.3% |
| Dec 18, 2025 | SLG | SL Green Realty Corp. | Real Estate | Maintains | Neutral → Neutral | — | +1.4% | -0.5% |
| Dec 4, 2025 | POR | Portland General Electric Company | Utilities | Downgrade | Neutral → Sell | — | -1.4% | -1.2% |
| Nov 12, 2025 | LPTH | LightPath Technologies, Inc. | Technology | Maintains | Buy → Buy | — | +3.2% | -8.3% |
| Nov 12, 2025 | HROW | Harrow Health, Inc. | Healthcare | Maintains | Buy → Buy | — | -0.4% | -0.8% |
| Nov 7, 2025 | NXTC | NextCure, Inc. | Healthcare | Upgrade | Neutral → Buy | — | +1.5% | -8.8% |
| Oct 30, 2025 | EIX | Edison International | Utilities | Maintains | Neutral → Neutral | — | -0.6% | +0.5% |
| Oct 17, 2025 | SO | The Southern Company | Utilities | Downgrade | Buy → Neutral | — | +0.7% | -0.6% |
| Sep 11, 2025 | MGEE | MGE Energy, Inc. | Utilities | Upgrade | Sell → Neutral | — | +0.9% | +3.0% |
| Sep 4, 2025 | NEON | Neonode Inc. | Technology | Downgrade | Buy → Neutral | — | -80.9% | -71.4% |
| Aug 18, 2025 | LODE | Comstock Inc. | Real Estate | Downgrade | Buy → Neutral | — | -1.7% | +0.9% |
| Aug 18, 2025 | NNE | Nano Nuclear Energy Inc | Industrials | Downgrade | Buy → Sell | — | -5.3% | -10.7% |