Analyst Wire — 2026-09-03

Every US sell-side action recorded on 2026-09-03 — 193 in total: 4 upgrades, 7 downgrades, plus initiations and price-target moves, frozen as recorded.

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Upgrades (4)

NameFirmRatingTargetCallOurs
SHELMorgan StanleyEqual-Weight → OverweightUpgraded to Overweight from Equal-Weight
DOONational BankSector Perform → OutperformUpgraded to Outperform from Sector Perform
AGXLake StreetHold → BuyUpgraded to Buy from Hold
AVGOMacquarieNeutral → Outperform$490Upgraded to Outperform from Neutral · Target set to $490 (+33.4% to spot)Rubin

Downgrades (7)

NameFirmRatingTargetCallOurs
AVGOUBSBuy → HoldDowngraded to Hold from BuyRubin
RARERBC CapitalOutperform → Sector Perform$19Downgraded to Sector Perform from Outperform · Target set to $19 (-28.4% to spot)
BMAItau BBAOutperform → Market Perform$91Downgraded to Market Perform from Outperform · Target set to $91 (+15.1% to spot)
SGIJefferiesBuy → HoldDowngraded to Hold from Buy
ALMSGuggenheimBuy → NeutralDowngraded to Neutral from Buy
MRNAUBSNeutral → SellDowngraded to Sell from Neutral
RAREWilliam BlairOutperform → Market PerformDowngraded to Market Perform from Outperform

Initiations (33)

NameFirmRatingTargetCallOurs
CBNKRaymond JamesMarket Perform → Market PerformInitiated to Market Perform from Market Perform
AVGOCowen & Co.Buy → BuyInitiated to Buy from BuyRubin
AVGOJefferiesBuy → BuyInitiated to Buy from BuyRubin
AVGORaymond JamesOutperform → Outperform$450 → $475Initiated to Outperform from Outperform · Target raised to $475 from $450 (+38.3% to spot)Rubin
AVGORBC CapitalSector Perform → OutperformInitiated to Outperform from Sector PerformRubin
NRSNH.C. WainwrightBuyInitiated to Buy
AMALRaymond JamesOutperformInitiated to Outperform
PGYCowen & Co.Neutral → BuyInitiated to Buy from Neutral
DNNJefferiesBuyInitiated to Buy
NXEJefferiesBuyInitiated to BuyHALO
TLSABTIGBuyInitiated to Buy
UECJefferiesHoldInitiated to HoldHALO
BWXTJefferiesBuyInitiated to BuyHALO
RNGRBC CapitalOutperformInitiated to Outperform
SOLSJefferiesBuyInitiated to Buy
LILAKUBSNeutralInitiated to Neutral
AURBC CapitalSector Perform → OutperformInitiated to Outperform from Sector Perform
VNOMSeaport GlobalBuyInitiated to Buy
MURSeaport GlobalNeutralInitiated to Neutral
OVVSeaport GlobalNeutralInitiated to Neutral
PRSeaport GlobalBuyInitiated to Buy
MTDRSeaport GlobalNeutralInitiated to Neutral
SMSeaport GlobalUnderperform → SellInitiated to Sell from Underperform
OXYSeaport GlobalBuyInitiated to Buy
EOGSeaport GlobalNeutralInitiated to Neutral
MGYSeaport GlobalNeutralInitiated to Neutral
APASeaport GlobalNeutralInitiated to Neutral
CRGYSeaport GlobalSellInitiated to Sell
COPSeaport GlobalNeutralInitiated to Neutral
DVNSeaport GlobalBuyInitiated to Buy
CHRDSeaport GlobalNeutralInitiated to Neutral
FANGSeaport GlobalNeutralInitiated to Neutral
CRCSeaport GlobalNeutralInitiated to Neutral

Price-target moves (149)

NameFirmRatingTargetCallOurs
DYRaymond James$375Target set to $375 (+26.9% to spot)
CIENRaymond James$530 → $600Target raised to $600 from $530 (+90.1% to spot)
CIENNeedham$520Target set to $520 (+63.8% to spot)
CIENEvercore ISI$550 → $375Target cut to $375 from $550 (+18.1% to spot)
VBNKRaymond James$23 → $20Target cut to $20 from $23 (-3.1% to spot)
CLYMBTIG$20 → $32Target raised to $32 from $20 (+118.1% to spot)
RAREMorgan Stanley$18Target set to $18 (+22.3% to spot)
HCMDaiwa$18.5Target set to $18.5 (+31% to spot)
CLYMBaird$21 → $25Target raised to $25 from $21 (+71% to spot)
PSTigress Financial$39 → $41Target raised to $41 from $39 (+10.8% to spot)
NTSKRBC Capital$20Target set to $20 (+40.5% to spot)
NTAPMorgan Stanley$173 → $191Target raised to $191 from $173 (+3.4% to spot)AEI
CXMMorgan Stanley$7 → $8Target raised to $8 from $7 (+22.6% to spot)
CXMCantor Fitzgerald$6.5 → $7.5Target raised to $7.5 from $6.5 (+14.8% to spot)
GOLDNorthland$57 → $55Target cut to $55 from $57 (+37.1% to spot)
OLLITruist$80 → $85Target raised to $85 from $80 (+17.6% to spot)
SNOWTruist$375 → $425Target raised to $425 from $375 (+14.6% to spot)AEI
NTAPNorthland$171 → $187Target raised to $187 from $171 (+0.6% to spot)AEI
AVGOTruist$550 → $520Target cut to $520 from $550 (+50.7% to spot)Rubin
FIVETruist$273 → $297Target raised to $297 from $273 (+22.9% to spot)
HPETruist$69 → $70Target raised to $70 from $69 (+44.6% to spot)Rubin
DAKTCraig-Hallum$32 → $33Target raised to $33 from $32 (+72.3% to spot)
FIVECraig-Hallum$270 → $325Target raised to $325 from $270 (+33.1% to spot)
OLLICraig-Hallum$130 → $120Target cut to $120 from $130 (+66.1% to spot)
TCOMHSBC$48Target set to $48 (+16% to spot)
JILLTelsey Advisory$14 → $18Target raised to $18 from $14 (-4.1% to spot)
CLYMPiper Sandler$23 → $40Target raised to $40 from $23 (+176.6% to spot)
GIIITelsey Advisory$38 → $32Target cut to $32 from $38 (+15.6% to spot)
RAREJefferies$77 → $28Target cut to $28 from $77 (+87.2% to spot)
FIVEJefferies$350 → $420Target raised to $420 from $350 (+73.7% to spot)
OLLIRBC Capital$121 → $124Target raised to $124 from $121 (+75.1% to spot)
HAERaymond James$105 → $125Target raised to $125 from $105 (+21.4% to spot)
SNOWRBC Capital$372 → $440Target raised to $440 from $372 (+17.4% to spot)AEI
SNOWDA Davidson$300 → $450Target raised to $450 from $300 (+20.9% to spot)AEI
DELLDeutsche Bank$480 → $520Target raised to $520 from $480 (+2.7% to spot)Rubin
MDTDeutsche Bank$78 → $92Target raised to $92 from $78 (+0.5% to spot)
FIVEDeutsche Bank$334 → $401Target raised to $401 from $334 (+66.4% to spot)
LIIMorgan Stanley$450 → $375Target cut to $375 from $450 (-0.4% to spot)
HPEMorgan Stanley$69 → $67Target cut to $67 from $69 (+37.9% to spot)Rubin
SNOWScotiabank$320 → $440Target raised to $440 from $320 (+18.2% to spot)AEI
OLLIMorgan Stanley$108 → $98Target cut to $98 from $108 (+39% to spot)
FIVEMorgan Stanley$235 → $300Target raised to $300 from $235 (+23.9% to spot)
RARECantor Fitzgerald$103 → $33Target cut to $33 from $103 (+123.2% to spot)
AVGOCantor Fitzgerald$525 → $600Target raised to $600 from $525 (+75% to spot)Rubin
SNOWEvercore ISI$360 → $430Target raised to $430 from $360 (+14.2% to spot)AEI
NTAPWedbush$150 → $170Target raised to $170 from $150 (-6.7% to spot)AEI
RAREWedbush$30 → $23Target cut to $23 from $30 (+55.5% to spot)
HPEEvercore ISI$70 → $65Target cut to $65 from $70 (+32.3% to spot)Rubin
GLXYMorgan Stanley$37 → $48Target raised to $48 from $37 (+88.9% to spot)
OVIDRoth Capital$7 → $8Target raised to $8 from $7 (+186.2% to spot)
DKNGBernstein$27 → $29Target raised to $29 from $27 (+19.8% to spot)
FLUTBernstein$105 → $110Target raised to $110 from $105 (+7.9% to spot)
TEAMBTIG$180 → $230Target raised to $230 from $180 (+23.4% to spot)AW40
NTSKBTIG$17 → $18Target raised to $18 from $17 (+30.9% to spot)
SNOWBTIG$340 → $424Target raised to $424 from $340 (+38.6% to spot)AEI
PCGBarclays$23 → $18Target cut to $18 from $23 (+35% to spot)
IMAXRoth Capital$50 → $60Target raised to $60 from $50 (+16.1% to spot)
SNOWOppenheimer$400 → $475Target raised to $475 from $400 (+55.3% to spot)AEI
NTSKMorgan Stanley$14 → $16Target raised to $16 from $14 (+16.4% to spot)
AVGOBMO Capital$455 → $575Target raised to $575 from $455 (+56.6% to spot)Rubin
CVXBMO Capital$210 → $235Target raised to $235 from $210 (+11% to spot)
AVGOEvercore ISI$582 → $578Target cut to $578 from $582 (+57.4% to spot)Rubin
NTSKBMO Capital$13 → $18Target raised to $18 from $13 (+30.9% to spot)
FIVEEvercore ISI$245 → $260Target raised to $260 from $245 (+7% to spot)
AXONArgus$460 → $600Target raised to $600 from $460 (+18.3% to spot)HALO
ILMNArgus$180 → $235Target raised to $235 from $180 (+10.2% to spot)HALO
SLFArgus$81 → $88Target raised to $88 from $81 (+10.7% to spot)
FIVEUBS$285 → $325Target raised to $325 from $285 (+33.7% to spot)
MDTUBS$100 → $110Target raised to $110 from $100 (+19.3% to spot)
NTAPUBS$160 → $171Target raised to $171 from $160 (-5.4% to spot)AEI
CVSUBS$126 → $118Target cut to $118 from $126 (+21.4% to spot)
HPEUBS$65 → $59Target cut to $59 from $65 (+13.8% to spot)Rubin
SNOWCanaccord$325 → $450Target raised to $450 from $325 (+47.1% to spot)AEI
RARECanaccord$83 → $37Target cut to $37 from $83 (+39.5% to spot)
GOLDCanaccord$70 → $65Target cut to $65 from $70 (+48.3% to spot)
HPEPiper Sandler$63 → $57Target cut to $57 from $63 (+9.9% to spot)Rubin
SGIPiper Sandler$95 → $100Target raised to $100 from $95 (+47.4% to spot)
SNOWBaird$296 → $450Target raised to $450 from $296 (+47.1% to spot)AEI
NTSKBaird$18 → $20Target raised to $20 from $18 (+45.5% to spot)
CRWDBaird$230 → $235Target raised to $235 from $230 (+15.5% to spot)AEI
OLLIPiper Sandler$113 → $100Target cut to $100 from $113 (+35.4% to spot)
SNOWMizuho$425Target set to $425 (+39% to spot)AEI
FIVEMizuho$295Target set to $295 (+21.4% to spot)
PCGMizuho$14Target set to $14 (+5% to spot)
BIIBPiper Sandler$225 → $245Target raised to $245 from $225 (+10% to spot)
AINBaird$64 → $75Target raised to $75 from $64 (+27.6% to spot)
SNOWPiper Sandler$320 → $450Target raised to $450 from $320 (+47.1% to spot)AEI
XOMPiper Sandler$158 → $185Target raised to $185 from $158 (+12.7% to spot)
VLOPiper Sandler$329 → $435Target raised to $435 from $329 (+18.8% to spot)
WOOFBaird$3 → $3.25Target raised to $3.25 from $3 (+23.6% to spot)
TTEPiper Sandler$84 → $93Target raised to $93 from $84 (+3.1% to spot)
SHELPiper Sandler$89 → $100Target raised to $100 from $89 (+7.8% to spot)
PSXPiper Sandler$209 → $264Target raised to $264 from $209 (+3.1% to spot)
MPCPiper Sandler$344 → $462Target raised to $462 from $344 (+19.4% to spot)
CVXPiper Sandler$207 → $243Target raised to $243 from $207 (+14.8% to spot)
BPPiper Sandler$43 → $46Target raised to $46 from $43 (+4.7% to spot)
NTSKPiper Sandler$18 → $20Target raised to $20 from $18 (+45.5% to spot)
FIVEGuggenheim$290Target set to $290 (+19.3% to spot)
SNOWCantor Fitzgerald$430Target set to $430 (+40.6% to spot)AEI
AVGOPCantor Fitzgerald$600Target set to $600 (-57.3% to spot)
SNOWWells Fargo$500 → $525Target raised to $525 from $500 (+71.7% to spot)AEI
SRETruist$100 → $96Target cut to $96 from $100 (+14.6% to spot)
EIXTruist$77 → $63Target cut to $63 from $77 (+14.2% to spot)
PCGTruist$17Target set to $17 (+27.5% to spot)
AMZNWells Fargo$328 → $338Target raised to $338 from $328 (+32.6% to spot)AW40
MGNINeedham$30Target set to $30 (+20.6% to spot)
SNOWStifel$350 → $450Target raised to $450 from $350 (+47.1% to spot)AEI
CVXWells Fargo$226 → $230Target raised to $230 from $226 (+8.6% to spot)
NTAPWells Fargo$180 → $190Target raised to $190 from $180 (+5.1% to spot)AEI
AVGOMorgan Stanley$502 → $505Target raised to $505 from $502 (+37.5% to spot)Rubin
SGIUBS$94 → $102Target raised to $102 from $94 (+50.4% to spot)
SNOWNeedham$450Target set to $450 (+47.1% to spot)AEI
SNOWMorgan Stanley$470Target set to $470 (+53.7% to spot)AEI
RAREH.C. Wainwright$50 → $25Target cut to $25 from $50 (-5.8% to spot)
VSHTruist$42Target set to $42 (+37.2% to spot)
SNOWBarclays$332 → $384Target raised to $384 from $332 (+25.6% to spot)AEI
FIVEWells Fargo$295Target set to $295 (+21.4% to spot)
PHRWells Fargo$10Target set to $10 (-15.8% to spot)
RAREBaird$16Target set to $16 (-39.7% to spot)
HINDChardan$3.5Target set to $3.5 (+60.6% to spot)
FIVETelsey$305Target set to $305 (+25.5% to spot)
MRNARothschild & Co Redburn$81Target set to $81 (-46.3% to spot)
HPERaymond James$86Target set to $86 (+65.8% to spot)Rubin
CBLLRaymond James$29Target set to $29 (+16.9% to spot)
SNOWCitizens$488Target set to $488 (+59.6% to spot)AEI
PATHNeedham$22Target set to $22 (+22.3% to spot)Euro-AI · AW40
SNOWRaymond James$425Target set to $425 (+39% to spot)AEI
CRWDRaymond James$250Target set to $250 (+22.9% to spot)AEI
HPEWells Fargo$54Target set to $54 (+4.1% to spot)Rubin
DRTSBarclays$17 → $30Target raised to $30 from $17 (+109.4% to spot)
HPEBarclays$67 → $79Target raised to $79 from $67 (+52.3% to spot)Rubin
NTAPBarclays$199 → $219Target raised to $219 from $199 (+21.1% to spot)AEI
FLNCBarclays$10Target set to $10 (-5.3% to spot)HALO
TMOCLSA$748Target set to $748 (+22.9% to spot)
MIRJefferies$20Target set to $20 (+28.5% to spot)
CCJJefferies$138Target set to $138 (+43.2% to spot)HALO
EUJefferies$1.44Target set to $1.44 (+18% to spot)
LEUJefferies$169Target set to $169 (-1.5% to spot)
PUKBerenberg$39.3Target set to $39.3 (+44% to spot)
HPEDeutsche Bank$68Target set to $68 (+31.1% to spot)Rubin
SNOWDeutsche Bank$400Target set to $400 (+30.8% to spot)AEI
AVGOPBernstein SocGen Group$575Target set to $575 (-59.1% to spot)
ADBEBarclays$295Target set to $295 (+5.4% to spot)AW40
SNOWJefferies$385 → $430Target raised to $430 from $385 (+40.6% to spot)AEI
DVNSeaport Research$65Target set to $65 (+32.6% to spot)
OXYSeaport Research$73Target set to $73 (+19.8% to spot)
PRSeaport Research$29Target set to $29 (+21.7% to spot)
VNOMSeaport Research$45Target set to $45 (-0.3% to spot)
RAREEvercore ISI$16Target set to $16 (-39.7% to spot)

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