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Analyst Wire — 2026-09-30

Every US sell-side action recorded on 2026-09-30 — 104 in total: 2 upgrades, 6 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 (2)

NameFirmRatingTargetCallOurs
TRPGoldman SachsNeutral → Buy—Upgraded to Buy from Neutral—
AUMacquarieNeutral → Outperform—Upgraded to Outperform from Neutral—

Downgrades (6)

NameFirmRatingTargetCallOurs
ARXCowen & Co.Buy → Hold—Downgraded to Hold from Buy—
MRNACitigroupNeutral → Sell—Downgraded to Sell from Neutral—
DOWCitigroupBuy → Neutral—Downgraded to Neutral from Buy—
LYBCitigroupBuy → Neutral—Downgraded to Neutral from Buy—
ALLYWells FargoOverweight → Positive—Downgraded to Positive from Overweight—
PNFPWells FargoUnderweight → Positive—Downgraded to Positive from Underweight—

Initiations (22)

NameFirmRatingTargetCallOurs
APPSRBC CapitalOutperform—Initiated to Outperform—
PNFPWilliam BlairOutperform—Initiated to Outperform—
PNFPDeutsche BankBuy → Buy—Initiated to Buy from Buy—
PNFPCitigroupBuy → Buy—Initiated to Buy from Buy—
PNFPBernsteinOutperform—Initiated to Outperform—
RZLTLake StreetBuy$9Initiated to Buy · Target set to $9 (+120% to spot)—
CVCOOppenheimerOutperform$720Initiated to Outperform · Target set to $720 (+29.5% to spot)—
PSQLNeedhamBuy$16Initiated to Buy · Target set to $16 (+160.6% to spot)—
GLWBernsteinMarket Perform$140Initiated to Market Perform · Target set to $140 (-11.8% to spot)Rubin
CSCOBernsteinMarket Perform$110Initiated to Market Perform · Target set to $110 (+2.9% to spot)—
ANETBernsteinOutperform$250Initiated to Outperform · Target set to $250 (+23.2% to spot)—
CIENBernsteinOutperform$440Initiated to Outperform · Target set to $440 (+24% to spot)—
COHRBernsteinMarket Perform → Outperform$350Initiated to Outperform from Market Perform · Target set to $350 (+19.8% to spot)Rubin
LITEBernsteinOutperform$1220Initiated to Outperform · Target set to $1220 (+25.3% to spot)Rubin
CLSBernsteinOutperform$520Initiated to Outperform · Target set to $520 (+41.9% to spot)—
NUVBCitigroupMarket Outperform → Buy—Initiated to Buy from Market Outperform—
JAZZCitigroupBuy—Initiated to Buy—
SKYOppenheimerPerform—Initiated to Perform—
UFPIOppenheimerPerform—Initiated to Perform—
NBISWilliam BlairOutperform—Initiated to OutperformEuro-AI · AEI
CRWVWilliam BlairOutperform—Initiated to OutperformAEI
EXPDExane BNP ParibasNeutral → Neutral—Initiated to Neutral from Neutral—

Price-target moves (74)

NameFirmRatingTargetCallOurs
HPEWells Fargo—$54 → $63Target raised to $63 from $54 (-1.4% to spot)Rubin
MDBDA Davidson—$415Target set to $415 (+17.4% to spot)AEI
SOCRoth Capital—$11 → $10Target cut to $10 from $11 (+175.1% to spot)—
HUBBSeaport Research—$575 → $580Target raised to $580 from $575 (+26.3% to spot)—
MDBStifel Following Analyst Day—$385Target set to $385 (+7.4% to spot)AEI
NESRCapital One—$44Target set to $44 (+68% to spot)—
TFIIRBC Capital—$171 → $144Target cut to $144 from $171 (+20.7% to spot)HALO
KMXRBC Capital—$45 → $56Target raised to $56 from $45 (-1.6% to spot)—
GPKRBC Capital—$11 → $10Target cut to $10 from $11 (+10.6% to spot)—
PEPEvercore ISI—$150 → $135Target cut to $135 from $150 (+4.6% to spot)—
PAYSDA Davidson—$12 → $15Target raised to $15 from $12 (+14.3% to spot)—
KMXMorgan Stanley—$47 → $53Target raised to $53 from $47 (-6.9% to spot)—
MTNMorgan Stanley—$147 → $142Target cut to $142 from $147 (+1.2% to spot)—
HOODKeyBanc—$130 → $140Target raised to $140 from $130 (+21.3% to spot)—
BWXTNorthland—$250 → $220Target cut to $220 from $250 (+61% to spot)HALO
CVNAOppenheimer—$450 → $90Target cut to $90 from $450 (+41.5% to spot)—
EFXBMO Capital—$179 → $160Target cut to $160 from $179 (+13.6% to spot)—
FICOBMO Capital—$1550 → $1150Target cut to $1150 from $1550 (+86.1% to spot)—
WTTRBofA—$24 → $28Target raised to $28 from $24 (+44.8% to spot)—
KMXTruist—$50 → $60Target raised to $60 from $50 (+1.3% to spot)—
EXPETruist—$309 → $288Target cut to $288 from $309 (+8.1% to spot)—
BKNGTruist—$242 → $216Target cut to $216 from $242 (+33.1% to spot)—
TROXMizuho—$5.5 → $4.5Target cut to $4.5 from $5.5 (+12.8% to spot)—
LBRTUBS—$35 → $31Target cut to $31 from $35 (+68.1% to spot)—
BKRUBS—$72 → $69Target cut to $69 from $72 (+23.4% to spot)—
KMXUBS—$57 → $62Target raised to $62 from $57 (+4.7% to spot)—
SXTUBS—$155 → $157Target raised to $157 from $155 (+22% to spot)—
CMIUBS—$835 → $741Target cut to $741 from $835 (+42.1% to spot)—
PORBMO Capital—$52 → $47Target cut to $47 from $52 (+5.6% to spot)—
MDBBMO Capital—$450 → $420Target cut to $420 from $450 (+24.6% to spot)AEI
OLNGoldman Sachs—$20 → $18Target cut to $18 from $20 (+16.7% to spot)—
KMXBaird—$64 → $70Target raised to $70 from $64 (+18.2% to spot)—
RRXGoldman Sachs—$240 → $216Target cut to $216 from $240 (+38.6% to spot)—
INIOGoldman Sachs—$40 → $35Target cut to $35 from $40 (+90.4% to spot)—
MIRGoldman Sachs—$23 → $20Target cut to $20 from $23 (+39.5% to spot)—
EQPTGoldman Sachs—$35 → $30Target cut to $30 from $35 (+62.2% to spot)—
NXTPiper Sandler—$116 → $110Target cut to $110 from $116 (+38.7% to spot)—
FSLRPiper Sandler—$260 → $251Target cut to $251 from $260 (+41.9% to spot)HALO
ARRYPiper Sandler—$5 → $4Target cut to $4 from $5 (+0.3% to spot)HALO
MSFTPiper Sandler—$550 → $610Target raised to $610 from $550 (+19.9% to spot)AW40
AEEMizuho—$113Target set to $113 (+12.7% to spot)—
CCLSusquehanna—$29Target set to $29 (+15.5% to spot)—
KMXBarclays—$61 → $67Target raised to $67 from $61 (+13.1% to spot)—
IOVAWells Fargo—$18Target set to $18 (+24.6% to spot)—
JKHYMorgan Stanley—$158Target set to $158 (+8.1% to spot)—
DYNH.C. Wainwright—$50 → $32Target cut to $32 from $50 (+97.4% to spot)—
CARRGoldman Sachs—$85 → $74Target cut to $74 from $85 (+33.6% to spot)Rubin
AMZNRosenblatt—$360Target set to $360 (+45.9% to spot)AW40
CPKWells Fargo—$134 → $136Target raised to $136 from $134 (+6.1% to spot)—
FICOWells Fargo—$1350 → $950Target cut to $950 from $1350 (+53.8% to spot)—
BLDPUBS—$6.5 → $2.15Target cut to $2.15 from $6.5 (+2.4% to spot)—
RACEMorgan Stanley—$460 → $456Target cut to $456 from $460 (+13.4% to spot)HALO
TGTHSBC—$190Target set to $190 (+21.4% to spot)—
GNRCStifel—$285 → $290Target raised to $290 from $285 (+36.7% to spot)—
SYKStifel—$360 → $330Target cut to $330 from $360 (+18.3% to spot)HALO
NEOGGuggenheim—$12 → $14Target raised to $14 from $12 (+10% to spot)—
NICEOppenheimer—$150Target set to $150 (+40.4% to spot)—
CERTUBS—$10Target set to $10 (+8% to spot)—
MEDPUBS—$673Target set to $673 (+8.2% to spot)—
ICLRUBS—$195Target set to $195 (+14.5% to spot)—
IQVUBS—$345Target set to $345 (+28.2% to spot)—
INSMBarclays—$237 → $207Target cut to $207 from $237 (+79% to spot)—
HEBarclays—$12 → $9Target cut to $9 from $12 (-0.9% to spot)—
HTOBarclays—$67 → $66Target cut to $66 from $67 (+7.1% to spot)—
TRAXCanaccord—$50Target set to $50 (+39% to spot)—
FICOBarclays—$1700 → $935Target cut to $935 from $1700 (+51.3% to spot)—
SBACBarclays—$208 → $207Target cut to $207 from $208 (+27.1% to spot)—
AMTBarclays—$198 → $199Target raised to $199 from $198 (+18.9% to spot)—
SSTIRoth Capital—$9Target set to $9 (+9.6% to spot)—
EXPDBNP Paribas—$180Target set to $180 (-4.3% to spot)—
FTREUBS—$22Target set to $22 (+11.4% to spot)—
FORMDeutsche Bank—$200Target set to $200 (+46.8% to spot)Rubin
QUREGoldman Sachs—$46 → $31Target cut to $31 from $46 (+26.5% to spot)—
KODGoldman Sachs—$36 → $103Target raised to $103 from $36 (+13% to spot)—

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