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Analyst Wire — 2026-09-28

Every US sell-side action recorded on 2026-09-28 — 128 in total: 9 upgrades, 10 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 (9)

NameFirmRatingTargetCallOurs
RGAMorgan StanleyEqual-Weight → Overweight—Upgraded to Overweight from Equal-Weight—
PEPWells FargoPositive → Overweight—Upgraded to Overweight from Positive—
RCLBank of America SecuritiesNeutral → Buy—Upgraded to Buy from Neutral—
AESIBarclaysUnderweight → Neutral—Upgraded to Neutral from Underweight—
LBRTBarclaysNeutral → Overweight$27Upgraded to Overweight from Neutral · Target set to $27 (+42.6% to spot)—
RCLDeutsche BankHold → Buy—Upgraded to Buy from Hold—
PEPDeutsche BankHold → Buy—Upgraded to Buy from Hold—
PKUBSNeutral → Hold—Upgraded to Hold from Neutral—
FSLRKeyBancOverweight → Sector Weight—Upgraded to Sector Weight from OverweightHALO

Downgrades (10)

NameFirmRatingTargetCallOurs
LFCRCraig-HallumBuy → Hold—Downgraded to Hold from Buy—
LFCRWilliam BlairOutperform → Market Perform—Downgraded to Market Perform from Outperform—
PEPJefferiesHold → Underperform—Downgraded to Underperform from Hold—
PEPRaymond JamesSell → Outperform—Downgraded to Outperform from Sell—
JHXCitigroupBuy → Neutral—Downgraded to Neutral from Buy—
AYIWilliam BlairOutperform → Market Perform—Downgraded to Market Perform from Outperform—
RLJRaymond JamesOutperform → Market Perform—Downgraded to Market Perform from Outperform—
BZHSBCBuy → Hold—Downgraded to Hold from Buy—
RBLXJefferiesHold → Underperform—Downgraded to Underperform from Hold—
BAJefferiesBuy → Neutral—Downgraded to Neutral from Buy—

Initiations (10)

NameFirmRatingTargetCallOurs
ZYMENew StreetOverweight—Initiated to Overweight—
PEPEvercore ISIOutperform—Initiated to Outperform—
SPCXCLSAOutperform$250Initiated to Outperform · Target set to $250 (+70.8% to spot)Rubin · AEI
ROCCraig-HallumBuy$6.5Initiated to Buy · Target set to $6.5 (+60.5% to spot)—
RVMDBrookline CapitalBuy—Initiated to Buy—
AGENRodman & RenshawBuy—Initiated to Buy—
JKHYSeaport GlobalBuy—Initiated to Buy—
LXRXCantor FitzgeraldOverweight—Initiated to Overweight—
BUDARoth CapitalBuy$12Initiated to Buy · Target set to $12 (+67.8% to spot)—
AURBC CapitalSector Perform → Outperform—Initiated to Outperform from Sector Perform—

Price-target moves (99)

NameFirmRatingTargetCallOurs
AMGNScotiabank—$450 → $500Target raised to $500 from $450 (+19.7% to spot)HALO
MIRMH.C. Wainwright—$140 → $195Target raised to $195 from $140 (+124.1% to spot)—
KODH.C. Wainwright—$58 → $96Target raised to $96 from $58 (+8.1% to spot)—
NKEHSBC—$48 → $40Target cut to $40 from $48 (+10.8% to spot)—
STZBernstein SocGen Group—$180Target set to $180 (+59.4% to spot)—
BROSDA Davidson—$85 → $60Target cut to $60 from $85 (+59.7% to spot)HALO
NKEDeutsche Bank—$45 → $37Target cut to $37 from $45 (+2.4% to spot)—
COSTDeutsche Bank—$1091 → $1079Target cut to $1079 from $1091 (+16.1% to spot)HALO
APPFDA Davidson on Strong Growth Profile—$240Target set to $240 (+20.6% to spot)—
ZIDA Davidson to Reflect Sector Headwinds—$4.25Target set to $4.25 (-54.5% to spot)—
VRTXUBS—$585 → $615Target raised to $615 from $585 (+16.5% to spot)HALO
NIMCBMO Capital—$45Target set to $45 (-54.9% to spot)—
HXLJefferies—$110 → $98Target cut to $98 from $110 (+15.8% to spot)—
CAMTMorgan Stanley—$165 → $152Target cut to $152 from $165 (+5.7% to spot)Rubin
ACNSusquehanna—$140 → $153Target raised to $153 from $140 (-11.7% to spot)—
FLGMorgan Stanley—$17 → $16Target cut to $16 from $17 (+31% to spot)—
UMBFMorgan Stanley—$190 → $182Target cut to $182 from $190 (+35% to spot)—
CFGMorgan Stanley—$90 → $89Target cut to $89 from $90 (+37.1% to spot)—
MTBMorgan Stanley—$304 → $301Target cut to $301 from $304 (+36% to spot)—
CFRMorgan Stanley—$200 → $201Target raised to $201 from $200 (+28.4% to spot)—
PBMorgan Stanley—$80 → $81Target raised to $81 from $80 (+19.9% to spot)—
ZIONMorgan Stanley—$77 → $78Target raised to $78 from $77 (+23.9% to spot)—
CBSHMorgan Stanley—$76 → $77Target raised to $77 from $76 (+36.9% to spot)—
PNFPMorgan Stanley—$137 → $139Target raised to $139 from $137 (+47.6% to spot)—
AKAMDA Davidson—$150Target set to $150 (+32.4% to spot)AEI
OKTAScotiabank—$245Target set to $245 (+24.1% to spot)AEI
AUBMorgan Stanley—$49 → $50Target raised to $50 from $49 (+29.3% to spot)—
EWBCMorgan Stanley—$160 → $164Target raised to $164 from $160 (+29.1% to spot)—
PNCHSBC—$275 → $283Target raised to $283 from $275 (+26.1% to spot)—
USBHSBC—$74 → $76Target raised to $76 from $74 (+28.9% to spot)—
CHSBC—$161 → $164Target raised to $164 from $161 (+22.7% to spot)—
MRVLCantor Fitzgerald—$300 → $330Target raised to $330 from $300 (+29.9% to spot)Rubin
AMATMorgan Stanley—$642 → $563Target cut to $563 from $642 (+17.4% to spot)Rubin
PEPTD Cowen—$145 → $133Target cut to $133 from $145 (+4.3% to spot)—
LINArgus—$563 → $538Target cut to $538 from $563 (+14% to spot)Rubin · HALO
INCYH.C. Wainwright—$152Target set to $152 (+22.7% to spot)—
ACADH.C. Wainwright—$33Target set to $33 (+59.6% to spot)—
MBAINorthland—$10Target set to $10 (+117.9% to spot)—
PANWBTIG—$404 → $425Target raised to $425 from $404 (+13.4% to spot)AEI
NIBMO Capital—$49 → $45Target cut to $45 from $49 (+14.2% to spot)—
BLDA Davidson—$23Target set to $23 (-17.8% to spot)—
NVSTBMO Capital—$29 → $26Target cut to $26 from $29 (+8.6% to spot)—
DALBMO Capital—$105 → $100Target cut to $100 from $105 (+17.7% to spot)—
UALBMO Capital—$157.5 → $140Target cut to $140 from $157.5 (+22.8% to spot)—
AALBMO Capital—$19 → $15.5Target cut to $15.5 from $19 (+11.8% to spot)—
LUVBMO Capital—$60 → $50Target cut to $50 from $60 (+17.2% to spot)—
ALKBMO Capital—$62.5 → $50Target cut to $50 from $62.5 (+22.1% to spot)—
JBLUBMO Capital—$6.75 → $5.25Target cut to $5.25 from $6.75 (+19.3% to spot)—
TDGBMO Capital—$1525 → $1400Target cut to $1400 from $1525 (+25.4% to spot)—
SEIBarclays—$90 → $116Target raised to $116 from $90 (+63.4% to spot)—
COINBaird—$130 → $205Target raised to $205 from $130 (+5.1% to spot)—
PAYXBaird—$125 → $110Target cut to $110 from $125 (+8.5% to spot)—
TEAMBaird—$200 → $245Target raised to $245 from $200 (+30.5% to spot)AW40
IQVTruist—$300 → $329Target raised to $329 from $300 (+21.7% to spot)—
RSKDTruist—$7.5 → $9Target raised to $9 from $7.5 (+15.7% to spot)—
TXGArgus—$110Target set to $110 (+28.3% to spot)—
YMMBofA—$11.3 → $10.5Target cut to $10.5 from $11.3 (+29.2% to spot)—
CWHRoth Capital—$12 → $10Target cut to $10 from $12 (+85.5% to spot)—
HUBGBarclays—$48 → $30Target cut to $30 from $48 (-1.1% to spot)—
PWRPiper Sandler—$731 → $714Target cut to $714 from $731 (+10% to spot)Rubin · HALO
MTZPiper Sandler—$321 → $313Target cut to $313 from $321 (+47.1% to spot)—
SIGIPiper Sandler—$105 → $97Target cut to $97 from $105 (+12.6% to spot)—
PFGPiper Sandler—$125 → $128Target raised to $128 from $125 (+11.5% to spot)—
COFPiper Sandler—$254 → $260Target raised to $260 from $254 (+29.9% to spot)—
NKEPiper Sandler—$45 → $38Target cut to $38 from $45 (+6.3% to spot)—
TXGPiper Sandler—$47 → $80Target raised to $80 from $47 (-6.7% to spot)—
ILMNPiper Sandler—$225 → $305Target raised to $305 from $225 (+13% to spot)HALO
MCDMorgan Stanley—$297Target set to $297 (+25.6% to spot)—
TYLPiper Sandler—$450Target set to $450 (+38.2% to spot)—
LSPDMorgan Stanley—$9.5Target set to $9.5 (-3.7% to spot)—
ADSKPiper Sandler—$300Target set to $300 (+43.3% to spot)—
RHStifel—$130 → $120Target cut to $120 from $130 (-3.4% to spot)—
WBIPiper Sandler—$37Target set to $37 (+24.2% to spot)—
YETICanaccord—$45 → $46Target raised to $46 from $45 (+8.8% to spot)—
LWStephens—$50Target set to $50 (+14.7% to spot)—
JKHYSeaport Research—$193Target set to $193 (+30.6% to spot)—
MCDMelius Research—$250 → $230Target cut to $230 from $250 (-2.7% to spot)—
MANHDA Davidson—$210Target set to $210 (+1.9% to spot)—
PPLWells Fargo—$43 → $44Target raised to $44 from $43 (+37.4% to spot)—
PATHDA Davidson—$10Target set to $10 (-19.7% to spot)Euro-AI · AW40
DTEMizuho—$136Target set to $136 (+12% to spot)—
VIKStifel—$115Target set to $115 (+43.2% to spot)—
XENEJefferies—$90Target set to $90 (+143.6% to spot)—
CRLJefferies—$340Target set to $340 (+16.1% to spot)—
RCLDeutsche—$299Target set to $299 (+23.2% to spot)—
FRTBarclays—$123 → $118Target cut to $118 from $123 (+6.8% to spot)—
PECOBarclays—$46 → $43Target cut to $43 from $46 (+15% to spot)—
REGBarclays—$92 → $85Target cut to $85 from $92 (+16.1% to spot)—
SPGBarclays—$215 → $208Target cut to $208 from $215 (+1.6% to spot)—
PEBRaymond James—$18 → $20Target raised to $20 from $18 (+8.6% to spot)—
RHPRaymond James—$125 → $130Target raised to $130 from $125 (+7% to spot)—
MUBaird—$1520Target set to $1520 (+40.4% to spot)Rubin
NTNXNeedham—$85 → $90Target raised to $90 from $85 (+32.3% to spot)—
REZIEvercore ISI—$30Target set to $30 (+64.2% to spot)—
QTTBJefferies—$29Target set to $29 (+230.7% to spot)—
KRSAGuggenheim—$70Target set to $70 (+125.8% to spot)—
SGWells Fargo—$11Target set to $11 (+33.5% to spot)—
PKRaymond James—$19Target set to $19 (+23.1% to spot)—
GRALCanaccord—$80 → $150Target raised to $150 from $80 (+18.2% to spot)—

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