These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.

SL Green Realty -- SLG-NYSE Overweight -- $65.67 on Sept. 17 by Piper Sandler While the recent community advisory committee's 4-2 vote against SL Green Realty's casino bid for 1515 Broadway is not what we expected, the rapidly changing fortunes of the New York City office space mean that Plan B is likely a better consolation prize than the market feared....Should Paramount move out in June 2031, we believe that SL Green would explore the potential to either convert to apartments or redevelop into premium office....

We thought that SL Green's $5.4 billion casino proposal was potent, given the investment in jobs and safety to Times Square, along with its spillover effect to neighboring businesses from increased tourism. Additionally, the access to public transit makes this site not wholly dependent on cars, while SL Green's relationships with Albany, City Hall, and the trades seemed to only enhance its offering....The upside, however, is that, unlike a few years ago when SL Green originally conceived the casino plan, the NYC office landscape has completely changed, with a growing shortage of premium office and residential conversions transforming the opportunity set. Price target: $72.

Element Solutions -- ESI-NYSE Buy -- $26.51 on Sept. 17 by Fermium Research As we look across the chemicals landscape, there appears to be no shortage of companies that offer cyclical growth (and, of course, contraction) but precious few that offer secular growth. And a casual look at Element Solutions may suggest that it hasn't offered much growth in its current post--Arysta LifeScience iteration. However, we believe this is the time to take a closer look following several quarters of organic growth in its flagship electronics businesses. In our opinion, Element Solutions does offer secular growth over the near- and midterm, hence our initiation today with a Buy rating. Price target: $30.

Apple -- AAPL-Nasdaq Strong Buy -- $238.15 on Sept. 17 by Tigress Research We reiterate our Strong Buy rating and increase our 12-month target price to $305, as Apple's massive ecosystem, accelerating services growth, aggressive artificial-intelligence innovation, and increasing U.S. supply-chain investments position it for sustained revenue growth and increasing shareholder value creation....

The ongoing integration of Apple Intelligence will continue to accelerate new-product launch cycles, directly fueling services and ecosystem expansion, and driving ongoing acceleration in business performance trends....

Apple's "Awe Dropping" event highlights a major leap forward, with the new iPhone 17 lineup, debuting the ultraslim iPhone Air, along with the redesigned AirPods Pro 3 and Apple Watch Series 11, all powered by advanced processors and featuring its Liquid Glass OS, as well as expanded Apple Intelligence.

Shake Shack -- SHAK-NYSE Strong Buy 1 -- $99.01 on Sept. 16 by Raymond James Recently, we hosted investor meetings with Shake Shack's CEO Rob Lynch and Chief Financial Officer Katie Fogertey....We believe that the post-second-quarter pullback in Shake Shack shares creates a compelling entry point, given 1) company-specific comp drivers that we believe can sustain solidly positive comps; 2) further upside on margins driven by new processes, equipment, and increased accountability/focus across the organization; 3) accelerating, high return-on-investment unit growth...and 4) attractive valuation with an EV/Ebitda in the upper teens...and the stock trading at a significant discount to our discounted-cash-flow fair-value estimate ($160).

Wells Fargo -- WFC-NYSE Outperform -- $81.33 on Sept. 17 by Evercore ISI Net-interest-income uncertainties have partly weighed on sentiment and recent share performance, but we remain constructive for the longer term. Wells Fargo is steadily refiring the engines via ongoing investment-banking expansion and retooling of consumer businesses via a shift toward higher-yielding card and auto. Revenue impacts are admittedly less tangible, given the early stages and limited management guidance. This, combined with questions regarding the eventual return-on-equity upside as risk/control costs abate and capital levels normalize, have fueled negative sentiment around the shares.

Despite these concerns, we remain constructive on longer-term upside to earnings power and returns. We are encouraged by Wells Fargo's recent renewed confidence in loan trends, combined with management's confidence in sequential net-interest-income growth in second-half 2025 despite a less favorable rate outlook. Target price: $94.

Autodesk -- ADSK-Nasdaq Outperform $318.51 on Sept. 17 by Oppenheimer We expect Autodesk to deliver durable high-teens to low-20% earnings growth powered by high-single digit to low-double digit revenue growth, and consistent margin expansion in the mid- to long term. We also believe that Autodesk is well positioned to capitalize on the digitization of the construction market, which remains a large analog end market. We see an opportunity to capitalize on cautious investor sentiment built on concerns that macro uncertainty will introduce cyclical headwinds comparable to past recessions. Price target: $375.

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September 19, 2025 20:08 ET (00:08 GMT)

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