Analyst Upgrades & Downgrades

Analyst Ratings · See how every analyst call actually played out — gap, day one through day five, all tracked from the moment the rating hit.

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Symbol	Sector	Firm	Action	Grade	Target	Mkt Cap ▼	Base	Gap%	D1%	D2%	D3%	D4%	D5%
MDLZ	Consumer Defensive	Piper Sandler	Maintains	Overweight → Overweight	—	$79.6B	$70.28	-0.2%	-0.8%	-0.6%	+1.5%	+1.2%	-1.3%
EXPE	Consumer Cyclical	Piper Sandler	Maintains	Neutral → Neutral	—	$28.4B	$117.97	+10.2%	+10.2%	-2.4%	+2.9%	-1.2%	+2.5%
U	Technology	Piper Sandler	Maintains	Neutral → Neutral	—	$11.0B	$14.36	+3.1%	+8.2%	-2.1%	+6.8%	-2.6%	+3.2%
ELF	Consumer Defensive	Piper Sandler	Maintains	Overweight → Overweight	—	$3.1B	$187.95	-11.0%	-14.4%	-10.7%	+3.5%	-2.2%	+7.0%
FIVN	Technology	Piper Sandler	Maintains	Overweight → Overweight	—	$2.0B	$42.47	-19.5%	-26.5%	+3.7%	-1.7%	+1.2%	+3.8%
IIPR	Real Estate	Piper Sandler	Maintains	Neutral → Neutral	—	$1.5B	$114.92	+0.4%	+0.7%	-1.1%	+2.4%	-0.6%	+1.3%
COLL	Healthcare	Piper Sandler	Maintains	Neutral → Neutral	—	$1.3B	$35.32	-2.0%	+0.5%	+0.3%	+3.1%	-6.6%	+3.4%
ARRY	Energy	Piper Sandler	Maintains	Neutral → Neutral	—	$1.3B	$8.99	-11.7%	-21.0%	-1.0%	-0.3%	-6.0%	-1.4%
SVV	Consumer Cyclical	Piper Sandler	Maintains	Overweight → Overweight	—	$1.2B	$9.68	-13.3%	-9.3%	-0.1%	+2.4%	-5.6%	+4.8%
PZZA	Consumer Cyclical	Piper Sandler	Maintains	Neutral → Neutral	—	$1.1B	$43.23	-0.0%	+3.8%	+2.5%	+0.8%	-3.2%	+4.4%
TRUP	Financial Services	Piper Sandler	Maintains	Neutral → Neutral	—	$962M	$35.03	+3.9%	+9.3%	+1.6%	+5.1%	+0.4%	+5.5%
HRTG	Financial Services	Piper SandlerA	Upgrade	Neutral → Overweight	—	$716M	$8.16	+4.9%	+26.6%	+4.2%	+11.9%	+6.9%	+8.9%
SKIN	Consumer Defensive	Piper Sandler	Maintains	Underweight → Underweight	—	$88M	$1.29	-22.5%	-13.2%	+15.2%	-2.3%	+2.4%	+8.5%