Analyst Wire — 2026-08-25

Every US sell-side action recorded on 2026-08-25 — 132 in total: 10 upgrades, 7 downgrades, plus initiations and price-target moves, frozen as recorded.

The live wire refreshes through each trading day; this page never changes again. Third-party actions with our context — a diary, not advice.

Upgrades (10)

NameFirmRatingTargetCallOurs
BNSTD SecuritiesHold → BuyUpgraded to Buy from Hold
MRNARaymond JamesOutperform → Strong BuyUpgraded to Strong Buy from Outperform
MRNAMorgan StanleyNeutral → OverweightUpgraded to Overweight from Neutral
MRNAWells FargoOutperform → OverweightUpgraded to Overweight from Outperform
CAPROppenheimerPerform → OutperformUpgraded to Outperform from Perform
BFHWolfe ResearchPositive → OutperformUpgraded to Outperform from Positive
AMDRaymond JamesMarket Perform → Strong BuyUpgraded to Strong Buy from Market PerformRubin
DTMorgan StanleyPositive → OverweightUpgraded to Overweight from PositiveAEI
SMMTBernsteinUnderperform → Market PerformUpgraded to Market Perform from Underperform
JPBernsteinMarket Perform → OutperformUpgraded to Outperform from Market Perform

Downgrades (7)

NameFirmRatingTargetCallOurs
MRNAJefferiesHold → UnderperformDowngraded to Underperform from Hold
VTEXItau BBAOutperform → Market PerformDowngraded to Market Perform from Outperform
MRNAWolfe ResearchPositive → Peer PerformDowngraded to Peer Perform from Positive
FIVELoop Capital MarketsBuy → HoldDowngraded to Hold from Buy
KLARWolfe ResearchOutperform → Peer PerformDowngraded to Peer Perform from Outperform
PAYWolfe ResearchOutperform → Peer PerformDowngraded to Peer Perform from Outperform
RLIJefferiesHold → UnderperformDowngraded to Underperform from Hold

Initiations (22)

NameFirmRatingTargetCallOurs
LSCCBenchmarkBuy → BuyInitiated to Buy from BuyRubin
ACMRDaiwaBuyInitiated to Buy
FROGRBC CapitalOutperformInitiated to OutperformAEI
TEAMRBC CapitalOutperformInitiated to OutperformAW40
MRNAUBSNeutral → NeutralInitiated to Neutral from Neutral
MRNAKeyBancOverweightInitiated to Overweight
MRNAGoldman SachsNeutral → NeutralInitiated to Neutral from Neutral
SPJefferiesBuy → BuyInitiated to Buy from Buy
FACOppenheimerOutperform$8Initiated to Outperform · Target set to $8 (+73.9% to spot)
MEICraig-HallumBuy$30Initiated to Buy · Target set to $30 (+113.8% to spot)
KDKOppenheimerOutperform$9Initiated to Outperform · Target set to $9 (+137.5% to spot)
OPYOppenheimerOutperform → OutperformInitiated to Outperform from Outperform
APMDBank of America SecuritiesBuyInitiated to Buy
APMDEvercore ISIOutperformInitiated to Outperform
APMDCantor FitzgeraldOverweight$60Initiated to Overweight · Target set to $60 (+134.1% to spot)
JBTKeyBancOverweightInitiated to Overweight
AGMBPiper SandlerOverweightInitiated to Overweight
MFPKeyBancSector WeightInitiated to Sector Weight
SMBarclaysOverweight → OverweightInitiated to Overweight from Overweight
CURBJefferiesBuyInitiated to Buy
SMUBSBuy → BuyInitiated to Buy from Buy
JMKEUBSOverweight → NeutralInitiated to Neutral from Overweight

Price-target moves (93)

NameFirmRatingTargetCallOurs
DKSLoop Capital$235 → $140Target cut to $140 from $235 (+12.6% to spot)
DKSJefferies$224 → $171Target cut to $171 from $224 (+37.5% to spot)
IMTXJefferies$18 → $17Target cut to $17 from $18 (+84.4% to spot)
DKSGordon Haskett$170 → $130Target cut to $130 from $170 (+3.8% to spot)
NBISGoldman Sachs$286 → $328Target raised to $328 from $286 (+48.7% to spot)Euro-AI · AEI
ELBerenberg$84 → $92Target raised to $92 from $84 (-11.6% to spot)
DKSWells Fargo$240 → $185Target cut to $185 from $240 (+47.8% to spot)
RGNXH.C. Wainwright$23 → $21Target cut to $21 from $23 (+138.6% to spot)
GPNTruist$79 → $95Target raised to $95 from $79 (+1.2% to spot)
GLBETruist$41 → $47Target raised to $47 from $41 (+19.8% to spot)
EQPTTruist$38 → $35Target cut to $35 from $38 (+87.6% to spot)
CLMTUBS$26 → $47Target raised to $47 from $26 (-2.3% to spot)
LARStifel$11 → $13Target raised to $13 from $11 (+98.2% to spot)
ACADDeutsche Bank$37 → $38Target raised to $38 from $37 (+25.4% to spot)
ACMArgus$85 → $75Target cut to $75 from $85 (+16.6% to spot)
KWRDeutsche Bank$165 → $185Target raised to $185 from $165 (+14.4% to spot)
OLNDeutsche Bank$30 → $20Target cut to $20 from $30 (+16% to spot)
KRODeutsche Bank$6 → $9Target raised to $9 from $6 (+2.7% to spot)
MRKArgus$145 → $170Target raised to $170 from $145 (+10.7% to spot)
ULTADeutsche Bank$692 → $695Target raised to $695 from $692 (+30.1% to spot)
RGNXBaird$32 → $29Target cut to $29 from $32 (+245.6% to spot)
DLTRTruist Securities$138Target set to $138 (+0.9% to spot)
FIVETruist Securities$273Target set to $273 (+3.9% to spot)
ACADMorgan Stanley$27 → $28Target raised to $28 from $27 (-5.6% to spot)
EPMAlliance Global$6.25 → $6Target cut to $6 from $6.25 (+72.9% to spot)
BTGOGoldman Sachs$5.75 → $6.5Target raised to $6.5 from $5.75 (-4.6% to spot)
CRCLGoldman Sachs$71 → $81Target raised to $81 from $71 (-7.7% to spot)
YSSGoldman Sachs$28 → $14Target cut to $14 from $28 (+43.4% to spot)
COTYMorgan Stanley$2.5 → $2.75Target raised to $2.75 from $2.5 (-1.4% to spot)
EXPEBTIG$350 → $400Target raised to $400 from $350 (+18% to spot)
RBRKScotiabank$114Target set to $114 (+16.3% to spot)AEI
MRVLSusquehanna$230 → $265Target raised to $265 from $230 (+15.6% to spot)Rubin
MRSHBMO Capital$189 → $203Target raised to $203 from $189 (+4.3% to spot)
ANABTD Cowen$70Target set to $70 (+19.8% to spot)
ASMRoth Capital$7 → $7.5Target raised to $7.5 from $7 (+1.9% to spot)
NVTRoth Capital$195 → $210Target raised to $210 from $195 (+36.9% to spot)Rubin
EHTHRBC Capital$3 → $2Target cut to $2 from $3 (+62.6% to spot)
PICSRBC Capital$18 → $16Target cut to $16 from $18 (+46.8% to spot)
BKRRBC Capital$71 → $76Target raised to $76 from $71 (+22.6% to spot)
ZTSTD Cowen$94Target set to $94 (+21.8% to spot)
LEUStifel$246 → $216Target cut to $216 from $246 (+21.9% to spot)
RUSHAUBS$78 → $85Target raised to $85 from $78 (+8% to spot)
BXPUBS$61 → $70Target raised to $70 from $61 (+0% to spot)
SNDKMizuho$1900 → $1875Target cut to $1875 from $1900 (+25.6% to spot)Rubin
MUMizuho$1375 → $1300Target cut to $1300 from $1375 (+42.8% to spot)Rubin
MKSIMizuho$360 → $330Target cut to $330 from $360 (+22.6% to spot)Rubin
LRCXMizuho$370 → $365Target cut to $365 from $370 (+17.7% to spot)Rubin
AMATMizuho$650 → $590Target cut to $590 from $650 (+21.9% to spot)Rubin
NTNXUBS$62 → $80Target raised to $80 from $62 (+20% to spot)
DLTRGuggenheim$145Target set to $145 (+6% to spot)
WDAYCanaccord$200 → $225Target raised to $225 from $200 (+13% to spot)AW40
MSTRCanaccord$130 → $175Target raised to $175 from $130 (+42.7% to spot)
BIIBRBC Capital$240 → $260Target raised to $260 from $240 (+19.2% to spot)
TFXNeedham$170Target set to $170 (+22.9% to spot)
XPEVBarclays$14Target set to $14 (+25.6% to spot)
ETORGoldman Sachs$36 → $32Target cut to $32 from $36 (+10.1% to spot)
COINGoldman Sachs$173 → $196Target raised to $196 from $173 (+9.2% to spot)
SEATDeutsche Bank$7.5Target set to $7.5 (+7.1% to spot)
PPLJefferies$44Target set to $44 (+25.6% to spot)
HIIBernstein SocGen GroupMember Login$341Target set to $341 (+15.7% to spot)
ARMRaymond JamesMember Login$641Target set to $641 (+168.4% to spot)Rubin · Euro-AI
CHYMWells Fargo$33 → $39Target raised to $39 from $33 (+19.3% to spot)
FIVELoop Capital$250Target set to $250 (-4.8% to spot)
FISWells$46Target set to $46 (+11.1% to spot)
GTLBWells Fargo$26 → $40Target raised to $40 from $26 (-4.8% to spot)
RNGWells Fargo$43 → $65Target raised to $65 from $43 (-3.1% to spot)
ACNWolfe Research$165 → $215Target raised to $215 from $165 (+15.3% to spot)
BILLWolfe Research$57 → $60Target raised to $60 from $57 (+24.6% to spot)
NVDARaymond James$330 → $352Target raised to $352 from $330 (+68.8% to spot)Rubin · AW40
CHYMWolfe Research$32 → $38Target raised to $38 from $32 (+16.2% to spot)
COFWolfe Research$255 → $275Target raised to $275 from $255 (+27.2% to spot)
CPAYWolfe Research$475 → $530Target raised to $530 from $475 (+28% to spot)
CRCLWolfe Research$50 → $65Target raised to $65 from $50 (-25.9% to spot)
EEFTWolfe Research$75 → $70Target cut to $70 from $75 (-0.3% to spot)
FISWolfe Research$53 → $54Target raised to $54 from $53 (+30.4% to spot)
FLYWWolfe Research$22 → $23Target raised to $23 from $22 (+18.4% to spot)
GPNWolfe Research$110 → $125Target raised to $125 from $110 (+32.6% to spot)
JKHYWolfe Research$200 → $215Target raised to $215 from $200 (+26.1% to spot)
KSPIWolfe Research$110 → $115Target raised to $115 from $110 (+8% to spot)
MAWolfe Research$680 → $740Target raised to $740 from $680 (+23.4% to spot)
NUWolfe Research$18 → $17Target cut to $17 from $18 (+15.2% to spot)HALO
PAYPWolfe Research$18 → $21Target raised to $21 from $18 (+38.2% to spot)
RELYWolfe Research$31 → $32Target raised to $32 from $31 (+20.3% to spot)
SYFWolfe Research$85 → $90Target raised to $90 from $85 (+12.5% to spot)
VWolfe Research$435 → $460Target raised to $460 from $435 (+20.3% to spot)
XYZWolfe Research$100 → $115Target raised to $115 from $100 (+41.3% to spot)
MRKWolfe Research$155 → $180Target raised to $180 from $155 (+19.5% to spot)
FOURWells Fargo$59Target set to $59 (+22.9% to spot)
ZSBarclays$170 → $192Target raised to $192 from $170 (+9.1% to spot)AEI
PRMEChardan$7Target set to $7 (+115.4% to spot)
FCPTMarket Outperform by Citizens$28Target set to $28 (+9.8% to spot)
FLNCUBS$12Target set to $12 (+10.5% to spot)HALO
JBTMKeyBanc$150Target set to $150 (+30.3% to spot)

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