Robert W. Baird Stock Recommendations and Price Targets

This is a list of recent ratings by Robert W. Baird.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/17/2025	FUL H.B. Fuller	Upgrade	$53.00	$60.00 ➝ $60.00	Neutral ➝ Outperform	Low
4/16/2025	FRPT Freshpet	Set Price Target	$78.00	$125.00		Low
4/16/2025	DHR Danaher	Set Price Target	$189.00	$231.00		Low
4/16/2025	HLMN Hillman Solutions	Reiterated Rating	$8.00	$12.00 ➝ $9.00	Outperform ➝ Neutral	Medium
4/15/2025	CNC Centene	Lower Price Target	$59.00	$71.00 ➝ $69.00	Neutral ➝ Neutral	Medium
4/15/2025	CI The Cigna Group	Lower Price Target	$329.00	$388.00 ➝ $362.00	Outperform ➝ Outperform	Low
4/15/2025	ALHC Alignment Healthcare	Boost Price Target	$17.00	$17.00 ➝ $22.00	Outperform ➝ Outperform	Low
4/15/2025	AGL agilon health	Lower Price Target	$5.00	$6.00 ➝ $5.00	Neutral ➝ Neutral	Low
4/15/2025	VC Visteon	Lower Price Target	$71.00	$100.00 ➝ $76.00	Neutral ➝ Neutral	High
4/15/2025	THRM Gentherm	Lower Price Target	$24.00	$39.00 ➝ $27.00	Neutral ➝ Neutral	Low
4/15/2025	TEL TE Connectivity	Lower Price Target	$128.00	$150.00 ➝ $147.00	Outperform ➝ Outperform	Low
4/15/2025	ST Sensata Technologies	Lower Price Target	$19.00	$24.00 ➝ $23.00	Neutral ➝ Neutral	Medium
4/15/2025	SNA Snap-on	Lower Price Target	$313.00	$358.00 ➝ $349.00	Neutral ➝ Neutral	Low
4/15/2025	MEI Methode Electronics	Lower Price Target	$5.00	$9.00 ➝ $7.00	Neutral ➝ Neutral	Medium
4/15/2025	MBLY Mobileye Global	Lower Price Target	$12.00	$25.00 ➝ $17.00	Outperform ➝ Outperform	Medium
4/15/2025	CMI Cummins	Lower Price Target	$281.00	$407.00 ➝ $315.00	Neutral ➝ Neutral	Low
4/15/2025	BWA BorgWarner	Lower Price Target	$26.00	$34.00 ➝ $29.00	Neutral ➝ Neutral	Low
4/15/2025	APTV Aptiv	Lower Price Target	$50.00	$84.00 ➝ $65.00	Outperform ➝ Outperform	Medium
4/15/2025	ALV Autoliv	Lower Price Target	$86.00	$105.00 ➝ $90.00	Neutral ➝ Neutral	Medium
4/15/2025	ALSN Allison Transmission	Lower Price Target	$88.00	$123.00 ➝ $100.00	Neutral ➝ Neutral	Low
4/15/2025	RIVN Rivian Automotive	Lower Price Target	$11.00	$16.00 ➝ $14.00	Neutral ➝ Neutral	Low
4/15/2025	NXT Nextracker	Lower Price Target	$40.00	$59.00 ➝ $48.00	Outperform ➝ Outperform	Low
4/15/2025	HASI HA Sustainable Infrastructure Capital	Lower Price Target	$24.00	$47.00 ➝ $41.00	Outperform ➝ Outperform	Medium
4/15/2025	GEV GE Vernova	Lower Price Target	$335.00	$448.00 ➝ $387.00	Outperform ➝ Outperform	Low
4/15/2025	FSLR First Solar	Lower Price Target	$125.00	$267.00 ➝ $240.00	Outperform ➝ Outperform	Medium
4/15/2025	FLNC Fluence Energy	Lower Price Target	$4.00	$9.00 ➝ $5.00	Neutral ➝ Neutral	High
4/15/2025	DAR Darling Ingredients	Lower Price Target	$30.00	$51.00 ➝ $41.00	Outperform ➝ Outperform	High
4/15/2025	BE Bloom Energy	Lower Price Target	$18.00	$32.00 ➝ $27.00	Outperform ➝ Outperform	Medium
4/15/2025	ALB Albemarle	Lower Price Target	$54.00	$77.00 ➝ $60.00	Neutral ➝ Neutral	High
4/15/2025	UHS Universal Health Services	Reiterated Rating	$176.00	$274.00 ➝ $224.00	Outperform ➝ Neutral	Low
4/15/2025	THC Tenet Healthcare	Reiterated Rating	$120.00	$153.00 ➝ $137.00	Outperform ➝ Neutral	Medium
4/15/2025	MOH Molina Healthcare	Reiterated Rating	$320.00	$331.00 ➝ $375.00	Outperform ➝ Neutral	High
4/15/2025	HCA HCA Healthcare	Reiterated Rating	$338.00	$396.00 ➝ $336.00	Outperform ➝ Neutral	Low
4/15/2025	ELV Elevance Health	Reiterated Rating	$397.00	$625.00 ➝ $529.00	Outperform ➝ Neutral	Low
4/15/2025	LFUS Littelfuse	Reiterated Rating	$154.00	$225.00 ➝ $182.00	Outperform ➝ Neutral	Low
4/15/2025	GNTX Gentex	Reiterated Rating	$21.00	$31.00 ➝ $25.00	Outperform ➝ Neutral	Low
4/15/2025	AMRC Ameresco	Reiterated Rating	$10.00	$25.00 ➝ $13.00	Outperform ➝ Neutral	Medium
4/15/2025	MSA MSA Safety	Lower Price Target	$143.00	$175.00 ➝ $161.00	Neutral ➝ Neutral	Low
4/15/2025	MTB M&T Bank	Lower Price Target	$160.00	$220.00 ➝ $200.00	Outperform ➝ Outperform	Medium
4/15/2025	PRVA Privia Health Group	Boost Price Target	$24.00	$24.00 ➝ $26.00	Outperform ➝ Outperform	Low
4/15/2025	HUM Humana	Boost Price Target	$256.00	$270.00 ➝ $300.00	Neutral ➝ Neutral	Low
4/15/2025	CVS CVS Health	Boost Price Target	$65.00	$51.00 ➝ $71.00	Neutral ➝ Neutral	Low
4/14/2025	TEAM Atlassian	Upgrade	$206.00	$320.00 ➝ $255.00	Neutral ➝ Outperform	Low
4/14/2025	FAST Fastenal	Boost Price Target	$81.00	$80.00 ➝ $86.00	Neutral ➝ Neutral	Low
4/11/2025	KMX CarMax	Lower Price Target	$64.00	$95.00 ➝ $90.00	Outperform ➝ Outperform	Medium
4/11/2025	CERT Certara	Boost Price Target	$14.00	$9.00 ➝ $13.00	Neutral ➝ Neutral	High
4/11/2025	YETI YETI	Lower Price Target	$27.00	$50.00 ➝ $40.00	Outperform ➝ Outperform	High
4/11/2025	CPRI Capri	Lower Price Target	$13.00	$26.00 ➝ $18.00	Neutral ➝ Neutral	Low
4/9/2025	RPM RPM International	Lower Price Target	$103.00	$125.00 ➝ $110.00	Neutral ➝ Neutral	High
4/8/2025	CTSH Cognizant Technology Solutions	Lower Price Target	$70.00	$90.00 ➝ $78.00	Neutral ➝ Neutral	High
4/8/2025	XYZ Block	Lower Price Target	$54.00	$105.00 ➝ $80.00	Outperform ➝ Outperform	High
4/8/2025	PRO PROS	Lower Price Target	$16.00	$30.00 ➝ $27.00	Outperform ➝ Outperform	High
4/7/2025	TXRH Texas Roadhouse	Set Price Target	$162.00	$198.00 ➝ $180.00	Outperform ➝ Outperform	Medium
4/7/2025	CAVA CAVA Group	Set Price Target	$86.00	$125.00 ➝ $105.00	Outperform ➝ Outperform	High
4/7/2025	WING Wingstop	Lower Price Target	$218.00	$375.00 ➝ $350.00	Outperform ➝ Outperform	Medium
4/7/2025	SHAK Shake Shack	Lower Price Target	$81.00	$98.00 ➝ $85.00	Neutral ➝ Neutral	High
4/7/2025	QSR Restaurant Brands International	Lower Price Target	$62.00	$72.00 ➝ $65.00	Neutral ➝ Neutral	High
4/7/2025	MCD McDonald's	Lower Price Target	$309.00	$310.00 ➝ $300.00	Neutral ➝ Neutral	High
4/7/2025	JACK Jack in the Box	Lower Price Target	$23.00	$34.00 ➝ $25.00	Neutral ➝ Neutral	High
4/7/2025	FITB Fifth Third Bancorp	Upgrade	$34.00	$47.00 ➝ $47.00	Neutral ➝ Outperform	High
4/7/2025	DRI Darden Restaurants	Lower Price Target	$199.00	$210.00 ➝ $192.00	Neutral ➝ Neutral	Medium
4/7/2025	DPZ Domino's Pizza	Lower Price Target	$464.00	$510.00 ➝ $500.00	Outperform ➝ Outperform	Medium
4/7/2025	FHN First Horizon	Upgrade	$17.00	$22.00 ➝ $22.00	Neutral ➝ Outperform	High
4/7/2025	CMG Chipotle Mexican Grill	Lower Price Target	$48.00	$68.00 ➝ $62.00	Outperform ➝ Outperform	Medium
4/7/2025	CAKE Cheesecake Factory	Lower Price Target	$47.00	$50.00 ➝ $46.00	Neutral ➝ Neutral	Medium
4/7/2025	BROS Dutch Bros	Lower Price Target	$58.00	$80.00 ➝ $66.00	Outperform ➝ Outperform	High
4/7/2025	SBUX Starbucks	Reiterated Rating	$81.00	$114.00 ➝ $85.00	Outperform ➝ Neutral	Low
4/7/2025	YUM Yum! Brands	Lower Price Target	$143.00	$176.00 ➝ $174.00	Outperform ➝ Outperform	Low
4/7/2025	WSM Williams-Sonoma	Upgrade	$138.00	$170.00	Neutral ➝ Outperform	High
4/7/2025	ARHS Arhaus	Downgrade	$8.00	$13.00 ➝ $8.50	Outperform ➝ Neutral	High
4/7/2025	TGT Target	Downgrade	$91.00	$110.00	Outperform ➝ Neutral	High
4/7/2025	DIOD Diodes	Upgrade	$34.00	$50.00	Neutral ➝ Outperform	High
4/7/2025	TXN Texas Instruments	Upgrade	$147.00	$175.00	Neutral ➝ Outperform	High
4/7/2025	PTLO Portillo's	Reiterated Rating	$12.00	$15.00 ➝ $12.00	Outperform ➝ Neutral	High
4/4/2025	RMBL RumbleOn	Reiterated Rating	$2.00	$5.00 ➝ $3.00	Outperform ➝ Neutral	N/A
4/4/2025	PATK Patrick Industries	Reiterated Rating	$79.00	$100.00 ➝ $96.00	Outperform ➝ Neutral	Medium
4/4/2025	ONEW OneWater Marine	Reiterated Rating	$13.00	$25.00 ➝ $18.00	Outperform ➝ Neutral	High
4/4/2025	MCFT MasterCraft Boat	Reiterated Rating	$15.00	$26.00 ➝ $20.00	Outperform ➝ Neutral	High
4/4/2025	MBUU Malibu Boats	Reiterated Rating	$26.00	$50.00 ➝ $32.00	Outperform ➝ Neutral	Low
4/4/2025	LCII LCI Industries	Reiterated Rating	$76.00	$130.00 ➝ $100.00	Outperform ➝ Neutral	High
4/4/2025	CWH Camping World	Reiterated Rating	$12.00	$28.00 ➝ $18.00	Outperform ➝ Neutral	High
4/4/2025	BC Brunswick	Reiterated Rating	$44.00	$90.00 ➝ $56.00	Outperform ➝ Neutral	High
4/4/2025	DOOO BRP	Reiterated Rating	$33.00	$48.00 ➝ $43.00	Outperform ➝ Neutral	High
4/4/2025	PII Polaris	Downgrade	$33.00	$56.00 ➝ $40.00	Outperform ➝ Neutral	High
4/4/2025	THO THOR Industries	Downgrade	$69.00	$100.00 ➝ $85.00	Outperform ➝ Neutral	High
4/4/2025	WGO Winnebago Industries	Downgrade	$30.00	$50.00 ➝ $38.00	Outperform ➝ Neutral	High
4/4/2025	MSM MSC Industrial Direct	Lower Price Target	$76.00	$90.00 ➝ $84.00	Neutral ➝ Neutral	Medium
4/4/2025	MIR Mirion Technologies	Lower Price Target	$14.00	$22.00 ➝ $20.00	Outperform ➝ Outperform	Medium
4/4/2025	AYI Acuity Brands	Lower Price Target	$231.00	$310.00 ➝ $295.00	Neutral ➝ Neutral	High
4/4/2025	LULU Lululemon Athletica	Lower Price Target	$250.00	$450.00 ➝ $370.00	Outperform ➝ Outperform	High
4/4/2025	HOG Harley-Davidson	Lower Price Target	$22.00	$32.00 ➝ $26.00	Neutral ➝ Neutral	High
4/4/2025	FOXF Fox Factory	Lower Price Target	$19.00	$32.00 ➝ $25.00	Neutral ➝ Neutral	Medium
4/4/2025	CVNA Carvana	Lower Price Target	$210.00	$250.00 ➝ $200.00	Neutral ➝ Neutral	High
4/4/2025	PAY Paymentus	Lower Price Target	$30.00	$36.00 ➝ $30.00	Outperform ➝ Outperform	High
4/4/2025	FIS Fidelity National Information Services	Boost Price Target	$71.00	$80.00 ➝ $82.00	Neutral ➝ Neutral	High
4/4/2025	BILL BILL	Lower Price Target	$41.00	$82.00 ➝ $55.00	Neutral ➝ Neutral	High
4/3/2025	UNF UniFirst	Lower Price Target	$174.00	$218.00 ➝ $197.00	Neutral ➝ Neutral	High
4/3/2025	FLR Fluor	Lower Price Target	$34.00	$46.00 ➝ $43.00	Neutral ➝ Neutral	High
4/3/2025	RH RH	Lower Price Target	$155.00	$400.00 ➝ $215.00	Neutral ➝ Neutral	High
4/2/2025	ECL Ecolab	Set Price Target	$237.00	$277.00		Low