BTIG kept its Buy rating on Upstart on November 3 but cut its price target to $40 from $43, 89% above the $21.14 share price. The stock has fallen 58% since its January high. Upstart's third-quarter contribution profit hit a record $218 million, up 48% from a year earlier. Originations were $4.1 billion, slightly below the second quarter's $4.2 billion. The company cut its 2026 outlook to $1.35 billion in revenue and $260 million in adjusted EBITDA, from $1.4 billion and $294 million. It blamed weaker borrowers, whose defaults lower the value of loans on its balance sheet. BTIG's target equals 13x forward earnings, against the stock's one-year average of 14x. Piper Sandler and Needham set targets of $35 and $30, both with Buy ratings.

LTC appoints real estate capital markets veteran Eric Clark as Senior Vice President, Corporate Finance and Investor Relations. Published on 11/02/2026 at 09:16 am EST Business Wire LTC Properties, Inc. (NYSE: LTC) ("LTC" or the "Company"), a real estate investment trust specializing in seniors housing and health care properties, today announced the appointment of Eric Clark as Senior Vice President, Corporate Finance and Investor Relations, a new position at the Company. Mr. Clark will lead and manage LTC's capital markets, financial forecasting and investor relations functions. He will work closely with executive leadership to engage institutional investors, sell-side analysts and rating agencies to support the Company's continued growth. Eric Clark, Senior Vice President, Corporate Finance and Investor Relations Mr. Clark joins LTC from BTIG, where he served as Managing Director, Investment Banking focused on capital markets and mergers and acquisitions; his coverage included approximately 60 public REITs across all property types. He brings more than 14 years of real estate investment banking and capital markets experience spanning public and private real estate. Prior to BTIG, Mr. Clark held similar positions with Citizens JMP Securities and Wunderlich Securities. Mr. Clark holds a Bachelor of Science in Business Administration from Bryant University. "Eric brings a solid combination of capital markets expertise, strategic insight, and deep knowledge of the real estate industry," said Cece Chikhale, LTC's Chief Financial Officer. "His appointment comes as LTC is building significant momentum through the continued growth of our seniors housing operating portfolio ("SHOP"). We believe Eric will be a valuable addition to our team as we execute on our growth strategy, deepen engagement with the investment community, and pursue ongoing opportunities to create sustainable long-term shareholder value." "LTC's transformation to a SHOP-focused REIT has accelerated its external growth capabilities and positions the Company with a higher intrinsic growth profile," said Clark. "This growth, along with a strong balance sheet and disciplined approach to capital allocation, creates a compelling opportunity. I look forward to leveraging my experience to help support LTC's growth objectives and communicate the Company's story to a wider audience." LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company's portfolio includes nearly 170 properties throughout the United States. Based on gross real estate investments, 80% of the Company's assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com. Forward-Looking Statements This press release includes statements that are not purely historical and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward-looking statements. Although the Company's management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20261102258231/en/ (C) Business Wire - 2026

U.S. Bancorp | BTIG adds Bhavesh Lodaya as chemicals research analyst. New York - October 19, 2026 - BTIG, a U.S. Bancorp company, announced today that Bhavesh Lodaya has joined the firm as a Director and Chemicals Analyst. "We see chemicals as an important growth area for our research franchise, and I am excited to welcome Bhavesh as the analyst who will help establish our coverage in this sector," said Ryan Serwin, CFA, Director of Research at U.S. Bancorp | BTIG. "His industry knowledge, investment perspective, and client focus will be instrumental as we expand our platform in chemicals." Prior to joining U.S. Bancorp | BTIG, Mr. Lodaya spent nine years at BMO Capital Markets, most recently as a Senior Analyst covering the Chemicals sector, focusing on diverse commodity and specialty chemical companies as well as electronics/semiconductor materials companies. Previously, he was a Senior Analyst at Credit Suisse covering the U.S. Energy and Infrastructure sector, where he followed a broad universe of midstream energy and infrastructure MLPs/companies and managed the firm's commodity fundamental forecasts. BTIG's Research and Strategy team specializes in the consumer, energy and infrastructure, financials, healthcare, industrials, real estate and technology sectors. Through an experienced team of more than 30 senior analysts and strategists, BTIG generates micro and macro strategy and insights on more than 500 companies under coverage. For access to BTIG insights, visit www.btigresearch.com. About U.S Bancorp | BTIG BTIG, a U.S. Bancorp company, is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. The firm's core capabilities include global execution, portfolio, electronic and outsource trading, investment banking, prime brokerage, capital introduction, corporate access, research and strategy, commission management and more. U.S. Bancorp acquired BTIG in 2026. Media Contacts: