CFRA
Upgrade grade
D
Downgrade grade
D
CFRA Research was founded in 1988 as the successor to Standard & Poor's equity research division, inheriting decades of analytical rigor and market credibility from its iconic predecessor. Today, the firm operates as an independent investment research provider with a team of experienced analysts delivering approximately 588 ratings across the U.S. equity market, focusing primarily on large-cap and mid-cap stocks. CFRA has built particular expertise in evaluating financial services, healthcare, industrials, and technology sectors, offering institutional investors and advisors detailed fundamental analysis and valuation models. The firm maintains a distinctive reputation for its disciplined valuation-driven approach and has become known within the industry for its transparency regarding analyst track records and historical accuracy, setting itself apart from many peers through rigorous backtesting of its research recommendations.
Upgrades
88
62.5% win rate
· avg +1.56% D1
Downgrades
87
59.77% win rate
· avg -2.54% D1
Avg Gap — Upgrades
+0.83%
open vs prev close
Avg Gap — Downgrades
-1.33%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Consumer Cyclical | 47.37% (19) | +1.42% | 40.00% (15) | +0.37% |
| Healthcare | 63.64% (11) | +0.95% | 40.00% (10) | +1.12% |
| Basic Materials | — | — | 80.00% (10) | -2.75% |
| Consumer Defensive | — | — | 80.00% (10) | -7.34% |
| Financial Services | 50.00% (10) | -0.89% | — | — |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2023 | 92.3% | 13 | — | — |
| 2020 | 55.6% | 63 | 67.2% | 58 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Mar 6, 2026 | NFLX | Netflix, Inc. | Communication Services | Upgrade | Hold → Buy | — | +0.2% | -0.2% |
| Jan 27, 2026 | TTD | The Trade Desk, Inc. | Technology | Downgrade | Buy → Hold | — | -0.9% | -4.8% |
| Jan 5, 2026 | NFLX | Netflix, Inc. | Communication Services | Downgrade | Buy → Hold | — | -0.1% | +0.5% |
| Dec 23, 2025 | POOL | Pool Corporation | Industrials | Upgrade | Hold → Buy | — | +0.5% | -0.8% |
| Jul 10, 2025 | CRWD | CrowdStrike Holdings, Inc. | Technology | Downgrade | Buy → Hold | — | -0.1% | -5.1% |
| Mar 28, 2025 | SNX | TD SYNNEX Corporation | Technology | Maintains | Buy → Buy | — | -0.2% | -2.7% |
| Jan 10, 2025 | SNX | TD SYNNEX Corporation | Technology | Upgrade | Hold → Buy | — | +3.4% | +9.8% |
| Oct 21, 2024 | AAPL | Apple Inc. | Technology | Maintains | Buy → Buy | — | -0.2% | +0.6% |
| Sep 24, 2024 | EQIX | Equinix, Inc. | Real Estate | Downgrade | Buy → Hold | — | +0.0% | +0.6% |
| Sep 12, 2024 | CTAS | Cintas Corporation | Industrials | Maintains | Strong Sell → Sell | — | +0.3% | +0.5% |
| Sep 5, 2024 | KO | The Coca-Cola Company | Consumer Defensive | Downgrade | Buy → Hold | — | +0.1% | -1.9% |
| Aug 28, 2024 | SMCI | Super Micro Computer, Inc. | Technology | Downgrade | Buy → Hold | — | -11.3% | -19.0% |
| Aug 2, 2024 | IR | Ingersoll Rand Inc. | Industrials | Maintains | Hold → Hold | — | -1.9% | -4.2% |
| Jul 17, 2024 | AAPL | Apple Inc. | Technology | Maintains | Buy → Buy | — | -2.3% | -2.5% |
| Jul 16, 2024 | BAC | Bank of America Corporation | Financial Services | Downgrade | Hold → Sell | — | +1.5% | +5.3% |
| Apr 16, 2024 | MS | Morgan Stanley | Financial Services | Maintains | Buy → Buy | — | +4.3% | +2.5% |
| Mar 26, 2024 | SNX | TD SYNNEX Corporation | Technology | Maintains | Hold → Hold | — | +0.7% | +6.5% |
| Feb 27, 2024 | AEP | American Electric Power Company, Inc. | Utilities | Maintains | Buy → Buy | — | +3.5% | +4.1% |
| Feb 16, 2024 | IR | Ingersoll Rand Inc. | Industrials | Maintains | Hold → Hold | — | +4.5% | +1.9% |
| Dec 1, 2023 | TSLA | Tesla, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -2.9% | -0.5% |
| Nov 2, 2023 | IR | Ingersoll Rand Inc. | Industrials | Maintains | Hold → Hold | — | +0.4% | +5.8% |
| Oct 4, 2023 | GM | General Motors Company | Consumer Cyclical | Maintains | Strong Sell → Sell | — | -0.1% | -1.1% |
| Oct 2, 2023 | TSLA | Tesla, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -2.2% | +0.6% |
| Sep 18, 2023 | AEP | American Electric Power Company, Inc. | Utilities | Maintains | Buy → Buy | — | +0.3% | +0.2% |
| Aug 3, 2023 | IR | Ingersoll Rand Inc. | Industrials | Maintains | Hold → Hold | — | +1.6% | +2.5% |