Analyst Wire — 2026-09-23

Every US sell-side action recorded on 2026-09-23 — 108 in total: 5 upgrades, 5 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 (5)

NameFirmRatingTargetCallOurs
CNScotiabankSector Outperform → OutperformUpgraded to Outperform from Sector Outperform
MSFTSusquehannaPositive → NeutralUpgraded to Neutral from PositiveAW40
RXOSusquehannaNegative → Neutral$19Upgraded to Neutral from Negative · Target set to $19 (-4% to spot)
KSMacquarieUnderperform → OutperformUpgraded to Outperform from Underperform
SMUBSNeutral → BuyUpgraded to Buy from Neutral

Downgrades (5)

NameFirmRatingTargetCallOurs
MSFTWolfe ResearchOutperform → Peer PerformDowngraded to Peer Perform from OutperformAW40
MSFTRaymond JamesOutperform → UnderperformDowngraded to Underperform from OutperformAW40
ALVWolfe ResearchOutperform → Peer PerformDowngraded to Peer Perform from Outperform
BWINRaymond JamesOutperform → UnderperformDowngraded to Underperform from Outperform
ARXRaymond JamesMarket Perform → UnderperformDowngraded to Underperform from Market Perform

Initiations (29)

NameFirmRatingTargetCallOurs
FSSLCompass PointBuy$15.75Initiated to Buy · Target set to $15.75 (+34.6% to spot)
MSFTOppenheimerOutperform → OutperformInitiated to Outperform from OutperformAW40
MSFTUBSBuy → BuyInitiated to Buy from BuyAW40
MSFTNeedhamBuy → BuyInitiated to Buy from BuyAW40
MELINew StreetBuy → Buy$2450Initiated to Buy from Buy · Target set to $2450 (+35.3% to spot)HALO · AW40
QNRXLake StreetBuy$20Initiated to Buy · Target set to $20 (+172.5% to spot)
OPYOppenheimerOutperform → OutperformInitiated to Outperform from Outperform
CRMDOppenheimerOutperform$15Initiated to Outperform · Target set to $15 (+92.8% to spot)
PCRXOppenheimerOutperform$32Initiated to Outperform · Target set to $32 (+29.6% to spot)
COLLOppenheimerOutperform$50Initiated to Outperform · Target set to $50 (+119.5% to spot)
TEVAOppenheimerOutperform$50Initiated to Outperform · Target set to $50 (+26.5% to spot)
AMRXOppenheimerOutperform$27Initiated to Outperform · Target set to $27 (+38.5% to spot)
ENHACantor FitzgeraldOverweight$4Initiated to Overweight · Target set to $4 (+168.5% to spot)
HUBSUBSNeutral → Sector PerformInitiated to Sector Perform from NeutralAW40
BDCNeedhamBuy → Buy$140Initiated to Buy from Buy · Target set to $140 (+23.9% to spot)
HUBSFBN SecuritiesSector Perform$230Initiated to Sector Perform · Target set to $230 (+5.6% to spot)AW40
LFMDCantor FitzgeraldOverweight → OverweightInitiated to Overweight from Overweight
VTRSOppenheimerOutperform$25Initiated to Outperform · Target set to $25 (+45.5% to spot)
MAZECitigroupBuyInitiated to Buy
MDGLCitigroupOutperform → BuyInitiated to Buy from Outperform
CNRBC CapitalOutperform → Sector PerformInitiated to Sector Perform from Outperform
HUTUBSBuy → BuyInitiated to Buy from Buy
WULFUBSBuyInitiated to Buy
CORZUBSBuyInitiated to Buy
CNDesjardinsBuy → BuyInitiated to Buy from Buy
CIFRUBSNeutral → BuyInitiated to Buy from Neutral
APLDUBSMarket Outperform → BuyInitiated to Buy from Market Outperform
AVBernsteinOutperformInitiated to Outperform
SPHSBCBuy → BuyInitiated to Buy from Buy

Price-target moves (69)

NameFirmRatingTargetCallOurs
SKHYWolfe Research$200 → $250Target raised to $250 from $200 (+31.4% to spot)
GEJefferies$455 → $435Target cut to $435 from $455 (+35.3% to spot)
WFRDUBS$116Target set to $116 (+37% to spot)
ANABLeerink$90 → $81Target cut to $81 from $90 (+59.9% to spot)
CLDXLeerink$70 → $88Target raised to $88 from $70 (+182.2% to spot)
ACHCLeerink$30 → $33Target raised to $33 from $30 (+14.5% to spot)
AMRZDeutsche Bank$64 → $56Target cut to $56 from $64 (+46.8% to spot)
NKEOppenheimer$60 → $52Target cut to $52 from $60 (+44.8% to spot)
VKTXTruist$83 → $87Target raised to $87 from $83 (+129.1% to spot)HALO
FSLYDA Davidson$21 → $23Target raised to $23 from $21 (-7.5% to spot)AEI
KBHEvercore ISI$62 → $59Target cut to $59 from $62 (+22.2% to spot)
RFTruist$34 → $31Target cut to $31 from $34 (+12.3% to spot)
MTBTruist$268 → $250Target cut to $250 from $268 (+12.6% to spot)
AZOTruist Securities$3648Target set to $3648 (+31.2% to spot)
PATHTruist Securities$14Target set to $14 (+8.5% to spot)Euro-AI · AW40
AZOBaird$3600 → $3400Target cut to $3400 from $3600 (+17.5% to spot)
CGNXBaird$78 → $70Target cut to $70 from $78 (+18.7% to spot)Rubin
THORoth Capital$78 → $74Target cut to $74 from $78 (+0.3% to spot)
AZORoth Capital$4023 → $3850Target cut to $3850 from $4023 (+33% to spot)
PMUBS$182 → $192Target raised to $192 from $182 (+0.9% to spot)
PATHUBS$19 → $15Target cut to $15 from $19 (+13.2% to spot)Euro-AI · AW40
STZUBS$168 → $145Target cut to $145 from $168 (+23.3% to spot)
AZOBMO Capital$4000 → $3500Target cut to $3500 from $4000 (+20.9% to spot)
NKTRWedbush$80 → $50Target cut to $50 from $80 (-18% to spot)
KBHRBC Capital$53 → $50Target cut to $50 from $53 (+2.9% to spot)
HBANTruist$20 → $19Target cut to $19 from $20 (+21.1% to spot)
FITBTruist$64 → $63Target cut to $63 from $64 (+19.4% to spot)
CFGTruist$80 → $77Target cut to $77 from $80 (+17.6% to spot)
AZORaymond James$4000 → $3700Target cut to $3700 from $4000 (+27.8% to spot)
PBRUBS$22 → $23Target raised to $23 from $22 (+10.8% to spot)
THOBaird$90 → $80Target cut to $80 from $90 (+8.4% to spot)
DPZGuggenheim$440 → $325Target cut to $325 from $440 (+9.4% to spot)
AZOGuggenheim$4000 → $3750Target cut to $3750 from $4000 (+29.5% to spot)
CMPXGuggenheim$4Target set to $4 (+222.6% to spot)
BFAMMorgan Stanley$68 → $66Target cut to $66 from $68 (+1.6% to spot)
KLCMorgan Stanley$2.5 → $2Target cut to $2 from $2.5 (-13.8% to spot)
AZOMizuho$3000Target set to $3000 (+3.6% to spot)
KBHBofA Securities$54Target set to $54 (+11.1% to spot)
TTIStifel$13 → $12Target cut to $12 from $13 (+99.3% to spot)
NOCBernstein$653 → $620Target cut to $620 from $653 (+21.6% to spot)
GDBernstein$421 → $407Target cut to $407 from $421 (+18.5% to spot)
CLDXMorgan Stanley$50 → $57Target raised to $57 from $50 (+70.1% to spot)
VLOGoldman Sachs$365 → $457Target raised to $457 from $365 (+21.2% to spot)
TLSIH.C. Wainwright$11 → $12Target raised to $12 from $11 (+143.4% to spot)
AZOTD Cowen$3400Target set to $3400 (+17.5% to spot)
MUWells Fargo$1400Target set to $1400 (+27.7% to spot)Rubin
FSLYBofA Securities$22Target set to $22 (-15.6% to spot)AEI
MGYSiebert Williams$32Target set to $32 (+33.2% to spot)
HIIBernstein$341 → $327Target cut to $327 from $341 (+20.7% to spot)
RTXBernstein$232 → $223Target cut to $223 from $232 (+16.8% to spot)
KMXMorgan Stanley$44 → $47Target raised to $47 from $44 (-17.3% to spot)
ACNBMO Capital$200Target set to $200 (+8.9% to spot)
CNIBofA Securities$143Target set to $143 (+19.6% to spot)
NKEBarclays$52 → $48Target cut to $48 from $52 (+33% to spot)
VRTXJefferies$640Target set to $640 (+24.3% to spot)HALO
AMGNJefferies$410Target set to $410 (-0.1% to spot)HALO
TTCOppenheimer$120Target set to $120 (+27% to spot)
VNDAOppenheimer$10Target set to $10 (+91.9% to spot)
ANIPOppenheimer$85Target set to $85 (+9.1% to spot)
ORICBTIG$26Target set to $26 (+92.6% to spot)
PLSEBTIG$70Target set to $70 (+32.9% to spot)
BBNXWells Fargo$28Target set to $28 (+22.8% to spot)
AZOBarclays$3637 → $3400Target cut to $3400 from $3637 (+17.5% to spot)
AVEXJefferies$26Target set to $26 (+63.5% to spot)
LKFTRBC Capital$45Target set to $45 (+49.1% to spot)
FBRTMarket Outperform by Citizens$10Target set to $10 (+29% to spot)
CMPXCitizens After FDA Dialogue$4Target set to $4 (+222.6% to spot)
TELBernstein$243Target set to $243 (+13.8% to spot)
APHBernstein$99Target set to $99 (+19.5% to spot)Rubin

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