Longbow Research
Upgrade grade
A
Downgrade grade
B
Longbow Research is an independent equity research firm founded in 2001 by a group of former Morgan Stanley analysts seeking to provide institutional investors with research unconstrained by investment banking conflicts of interest. The firm has established itself as a respected mid-market research provider, maintaining approximately 495 analyst ratings in its database covering U.S. equities with particular depth in industrials, materials, energy, and utilities sectors. Longbow's analysts are known for their deep operational expertise and willingness to challenge consensus views, earning a reputation for contrarian insights that have proven valuable to hedge funds and asset managers. A distinctive hallmark of the firm is its commitment to remaining independent and non-conflicted, deliberately avoiding investment banking business to preserve the objectivity and credibility of its research output.
Upgrades
174
81.03% win rate
· avg +1.95% D1
Downgrades
185
77.3% win rate
· avg -2.27% D1
Avg Gap — Upgrades
+2.01%
open vs prev close
Avg Gap — Downgrades
-2.08%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Industrials | 88.46% (52) | +1.99% | 77.42% (62) | -1.93% |
| Consumer Cyclical | 80.43% (46) | +1.79% | 82.76% (58) | -2.78% |
| Technology | 73.68% (38) | +2.47% | 69.44% (36) | -2.37% |
| Basic Materials | 79.31% (29) | +1.22% | 66.67% (21) | -1.26% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2019 | 70.6% | 17 | 77.8% | 36 |
| 2018 | 84.6% | 26 | 72.7% | 22 |
| 2017 | 84.0% | 25 | 78.6% | 14 |
| 2016 | 82.4% | 17 | 80.0% | 25 |
| 2015 | 91.7% | 12 | 64.3% | 28 |
| 2014 | 66.7% | 21 | 68.4% | 19 |
| 2013 | 90.9% | 33 | 100.0% | 15 |
| 2012 | — | — | 83.3% | 12 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Dec 3, 2025 | GRMN | Garmin Ltd. | Technology | Upgrade | Neutral → Buy | — | +1.8% | +1.2% |
| Jun 30, 2025 | WHR | Whirlpool Corporation | Consumer Cyclical | Upgrade | Neutral → Buy | — | +2.0% | +5.5% |
| Mar 31, 2025 | SNA | Snap-on Incorporated | Industrials | Upgrade | Neutral → Buy | — | +0.4% | +2.3% |
| Jul 24, 2024 | PII | Polaris Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | — | -1.5% | -6.8% |
| May 10, 2024 | RDW | Redwire Corporation | Industrials | Maintains | Buy → Buy | — | +0.9% | +6.9% |
| Apr 8, 2024 | PII | Polaris Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | — | +2.3% | +0.3% |
| Oct 27, 2023 | WHR | Whirlpool Corporation | Consumer Cyclical | Downgrade | Buy → Neutral | — | -2.0% | -3.4% |
| Sep 6, 2023 | ALLE | Allegion plc | Industrials | Downgrade | Buy → Neutral | — | -1.7% | -2.4% |
| Apr 21, 2023 | SNA | Snap-on Incorporated | Industrials | Upgrade | Underperform → Neutral | — | +0.4% | +1.6% |
| Mar 1, 2023 | TILE | Interface, Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | — | +3.2% | +5.6% |
| Feb 3, 2023 | SWK | Stanley Black & Decker, Inc. | Industrials | Downgrade | Buy → Neutral | — | -2.8% | -2.2% |
| Jul 6, 2022 | AOS | A. O. Smith Corporation | Industrials | Upgrade | Neutral → Buy | — | +1.1% | +1.0% |
| Apr 19, 2022 | POOL | Pool Corporation | Industrials | Upgrade | Neutral → Buy | — | +1.3% | +4.7% |
| Sep 20, 2021 | TXN | Texas Instruments Incorporated | Technology | Downgrade | Buy → Neutral | — | -1.7% | -1.9% |
| Jul 1, 2021 | PII | Polaris Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | — | -3.6% | -1.9% |
| May 20, 2021 | OI | O-I Glass, Inc. | Consumer Cyclical | Maintains | Neutral → Neutral | — | -0.4% | -0.6% |
| May 20, 2021 | SLGN | Silgan Holdings Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +1.3% | +1.0% |
| May 20, 2021 | CCK | Crown Holdings, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +1.0% | +2.1% |
| Apr 12, 2021 | CSL | Carlisle Companies Incorporated | Industrials | Downgrade | Buy → Neutral | — | -0.6% | +0.6% |
| Mar 23, 2021 | MCHP | Microchip Technology Incorporated | Technology | Upgrade | Neutral → Buy | — | +2.2% | -3.2% |
| Mar 23, 2021 | TXN | Texas Instruments Incorporated | Technology | Upgrade | Neutral → Buy | — | +1.0% | -0.7% |
| Mar 16, 2021 | ALLE | Allegion plc | Industrials | Upgrade | Neutral → Buy | — | +0.7% | +2.7% |
| Dec 22, 2020 | H | Hyatt Hotels Corporation | Consumer Cyclical | Downgrade | Buy → Neutral | — | -1.7% | -1.4% |
| Nov 12, 2020 | COHR | Coherent, Inc. | Technology | Downgrade | Buy → Neutral | — | +0.4% | -0.4% |
| Nov 11, 2020 | PLAY | Dave & Buster's Entertainment, Inc. | Communication Services | Downgrade | Buy → Neutral | — | -3.3% | -9.7% |