Yes, sell-side (i.e. brokers like Goldman, Morgan Stanley, etc.) analysts do share their models with clients. They do this both in &#x27;hardcopy,&#x27; pasted into published research reports, as well as &#x27;softcopy,&#x27; sending or publishing the Excel file. Not exactly mainstream distribution, but &#x27;public&#x27; in the eyes of the SEC and something you can find if you look for it.