—

Analyst Wire — 2026-10-05

Every US sell-side action recorded on 2026-10-05 — 229 in total: 12 upgrades, 14 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 (12)

NameFirmRatingTargetCallOurs
MSFTCitigroupMarket Outperform → Buy—Upgraded to Buy from Market OutperformAW40
MSFTEvercore ISIUnderperform → Outperform—Upgraded to Outperform from UnderperformAW40
DKNGBank of America SecuritiesNeutral → Buy—Upgraded to Buy from Neutral—
CBOECowen & Co.Hold → Buy—Upgraded to Buy from Hold—
HOGCitigroupNeutral → Buy—Upgraded to Buy from Neutral—
HOGEvercore ISIUnderperform → Outperform—Upgraded to Outperform from Underperform—
RMorgan StanleyOverweight → Buy—Upgraded to Buy from Overweight—
TSLAGoldman SachsNeutral → Buy—Upgraded to Buy from Neutral—
ELBarclaysEqual-Weight → Overweight—Upgraded to Overweight from Equal-Weight—
SWBarclaysUnderweight → Overweight—Upgraded to Overweight from Underweight—
WFCWells FargoBuy → Overweight—Upgraded to Overweight from Buy—
WFCMorgan StanleyPositive → Overweight—Upgraded to Overweight from Positive—

Downgrades (14)

NameFirmRatingTargetCallOurs
PTCKeyBancOverweight → Sector Weight—Downgraded to Sector Weight from OverweightAW40
PTCRBC CapitalBuy → Sector Perform$205Downgraded to Sector Perform from Buy · Target set to $205 (+6.3% to spot)AW40
MSFTUBSBuy → Market Perform—Downgraded to Market Perform from BuyAW40
MSFTMorgan StanleyOverweight → Negative—Downgraded to Negative from OverweightAW40
PTCLoop Capital MarketsBuy → Hold—Downgraded to Hold from BuyAW40
LBRXRoth CapitalBuy → Neutral$35Downgraded to Neutral from Buy · Target set to $35 (-2.6% to spot)—
ICECowen & Co.Buy → Hold—Downgraded to Hold from Buy—
ALGNEvercore ISIOutperform → Cautious—Downgraded to Cautious from Outperform—
HUBSUBSSector Perform → Market Perform—Downgraded to Market Perform from Sector PerformAW40
MRPCitigroupBuy → Market Perform—Downgraded to Market Perform from Buy—
HUBSRaymond JamesOutperform → Market Perform—Downgraded to Market Perform from OutperformAW40
CIZNCitigroupMarket Outperform → Perform—Downgraded to Perform from Market Outperform—
MOSRBC CapitalOutperform → Sector Perform—Downgraded to Sector Perform from Outperform—
ANMorgan StanleyOverweight → Negative$175Downgraded to Negative from Overweight · Target set to $175 (+7.7% to spot)—

Initiations (10)

NameFirmRatingTargetCallOurs
MSFTWilliam BlairOutperform → Outperform—Initiated to Outperform from OutperformAW40
MSFTBMO CapitalOutperform → Outperform—Initiated to Outperform from OutperformAW40
MSFTJefferiesBuy → Buy—Initiated to Buy from BuyAW40
CAMPOppenheimerOutperform—Initiated to Outperform—
JPBank of America SecuritiesNeutral → Buy—Initiated to Buy from Neutral—
SOCWilliam BlairMarket Perform → Outperform—Initiated to Outperform from Market Perform—
MRVICowen & Co.Buy—Initiated to Buy—
DCBank of America SecuritiesBuy → Buy—Initiated to Buy from Buy—
ATHRAscendiantBuy—Initiated to Buy—
ONDSCitigroupNeutral → Market Outperform—Initiated to Market Outperform from Neutral—

Price-target moves (193)

NameFirmRatingTargetCallOurs
PTCBarclays—$205Target set to $205 (+6.5% to spot)AW40
PCVXNeedham—$110 → $122Target raised to $122 from $110 (+68.7% to spot)—
AADXJefferies—$25 → $20Target cut to $20 from $25 (+72.5% to spot)—
FEAMH.C. Wainwright—$3.5 → $6.75Target raised to $6.75 from $3.5 (+76.5% to spot)—
PTCStifel—$205Target set to $205 (+6.4% to spot)AW40
SSRMCIBC—$48 → $50Target raised to $50 from $48 (+48.1% to spot)—
TFIICIBC—$175 → $158Target cut to $158 from $175 (+37.6% to spot)HALO
NVDABNP Paribas—$285 → $345Target raised to $345 from $285 (+45.5% to spot)Rubin · AW40
ESLTJefferies—$880 → $790Target cut to $790 from $880 (+9.3% to spot)—
SBACRaymond James—$264 → $271Target raised to $271 from $264 (+68.6% to spot)—
CVLTScotiabank—$130 → $160Target raised to $160 from $130 (+4.6% to spot)—
MSFTScotiabank—$510 → $615Target raised to $615 from $510 (+16.8% to spot)AW40
ZSScotiabank—$200 → $240Target raised to $240 from $200 (+18.2% to spot)AEI
NBHCDA Davidson—$43Target set to $43 (+13% to spot)—
BTDRNorthland—$20 → $23Target raised to $23 from $20 (+109.9% to spot)—
ENOVUBS—$44Target set to $44 (+140.6% to spot)—
SPGIMizuho—$531Target set to $531 (+36.6% to spot)—
PBFUBS—$99Target set to $99 (+19.6% to spot)—
EXERaymond James—$147 → $141Target cut to $141 from $147 (+65.1% to spot)—
WALTD Cowen—$90 → $85Target cut to $85 from $90 (+11.8% to spot)—
MTDeutsche Bank—$81 → $79Target cut to $79 from $81 (+22.9% to spot)—
SPXCTruist—$301 → $266Target cut to $266 from $301 (+55.7% to spot)—
CGNXTruist—$78 → $74Target cut to $74 from $78 (+14.8% to spot)Rubin
FTVTruist—$68 → $63Target cut to $63 from $68 (+9% to spot)—
ZBRATruist—$355 → $378Target raised to $378 from $355 (+0.9% to spot)—
ITWTruist—$308 → $297Target cut to $297 from $308 (+13.8% to spot)—
ITGTruist—$17 → $14Target cut to $14 from $17 (+97.2% to spot)—
ACMTruist—$85 → $75Target cut to $75 from $85 (+25.2% to spot)—
JTruist—$161 → $160Target cut to $160 from $161 (+15.8% to spot)—
EQPTTruist—$35 → $31Target cut to $31 from $35 (+64.7% to spot)—
TEXTruist—$96 → $85Target cut to $85 from $96 (+50.8% to spot)—
AGCOTruist—$135 → $146Target raised to $146 from $135 (+24.4% to spot)—
OSKTruist—$196 → $174Target cut to $174 from $196 (+32% to spot)—
PCARTruist—$139 → $125Target cut to $125 from $139 (+15.2% to spot)HALO
URITruist—$1466 → $1395Target cut to $1395 from $1466 (+29.5% to spot)—
CMITruist—$894 → $779Target cut to $779 from $894 (+48.7% to spot)—
CATTruist—$1225 → $1100Target cut to $1100 from $1225 (+31.2% to spot)—
GLMorgan Stanley—$208 → $197Target cut to $197 from $208 (+19.2% to spot)—
PNWTruist—$101 → $99Target cut to $99 from $101 (+3% to spot)—
REGMorgan Stanley—$88 → $87Target cut to $87 from $88 (+21.8% to spot)—
EXETruist—$121 → $120Target cut to $120 from $121 (+40.5% to spot)—
ARTruist—$52 → $46Target cut to $46 from $52 (+34.7% to spot)—
PTCLoop Capital—$205Target set to $205 (+5.6% to spot)AW40
COURBMO Capital—$8 → $6Target cut to $6 from $8 (+15.9% to spot)—
STRABMO Capital—$100 → $95Target cut to $95 from $100 (+19.4% to spot)—
PXEDBMO Capital—$36 → $33Target cut to $33 from $36 (+32.7% to spot)—
LOPEBMO Capital—$185 → $182Target cut to $182 from $185 (+17.6% to spot)—
BMYLeerink—$59Target set to $59 (+0% to spot)—
CVSABMO Capital—$148 → $145Target cut to $145 from $148 (+15.2% to spot)—
BFAMBMO Capital—$93 → $83Target cut to $83 from $93 (+27.8% to spot)—
VSTBMO Capital—$231 → $210Target cut to $210 from $231 (+45% to spot)—
NUEKeyBanc—$288 → $286Target cut to $286 from $288 (+19% to spot)—
RSKeyBanc—$418 → $421Target raised to $421 from $418 (+5.2% to spot)—
AMRZTruist—$48 → $35Target cut to $35 from $48 (-6.1% to spot)—
EXEBernstein—$160 → $127Target cut to $127 from $160 (+48.5% to spot)—
CRHTruist—$130 → $105Target cut to $105 from $130 (+28.1% to spot)—
MLMTruist—$730 → $625Target cut to $625 from $730 (+29.5% to spot)—
ZETARBC Capital—$31 → $40Target raised to $40 from $31 (+22.6% to spot)—
DHRRBC Capital—$215 → $250Target raised to $250 from $215 (+16.8% to spot)—
QUREBarclays—$28Target set to $28 (+19.4% to spot)—
CGRBC Capital—$58 → $48Target cut to $48 from $58 (+20.5% to spot)—
PSRBC Capital—$41 → $44Target raised to $44 from $41 (-16.6% to spot)—
AESIStephens—$20Target set to $20 (+66.1% to spot)—
FOURSusquehanna—$78 → $63Target cut to $63 from $78 (+74.2% to spot)—
HPSusquehanna—$44 → $50Target raised to $50 from $44 (+29.7% to spot)—
NBRSusquehanna—$85 → $91Target raised to $91 from $85 (+14.3% to spot)—
NESusquehanna—$40 → $44Target raised to $44 from $40 (+8.1% to spot)—
OISSusquehanna—$8 → $9Target raised to $9 from $8 (+9.4% to spot)—
VALSusquehanna—$80 → $86Target raised to $86 from $80 (+9.7% to spot)—
DTEBMO Capital—$132 → $134Target raised to $134 from $132 (+7.7% to spot)—
CTREBMO Capital—$47 → $45Target cut to $45 from $47 (+24% to spot)—
ENPHOppenheimer—$56 → $55Target cut to $55 from $56 (+64.3% to spot)HALO
QTICraig-Hallum—$8Target set to $8 (+199.6% to spot)—
VYLRVertical Research—$74Target set to $74 (+10% to spot)—
SMBCHovde Group—$76Target set to $76 (+4.7% to spot)—
SPHRCraig-Hallum—$132Target set to $132 (+2.9% to spot)—
AVBCHovde Group—$26Target set to $26 (+16.9% to spot)—
VMCTruist—$360 → $320Target cut to $320 from $360 (+31.7% to spot)—
WTFCPiper Sandler—$186 → $195Target raised to $195 from $186 (+34.5% to spot)—
MBINPiper Sandler—$64 → $63Target cut to $63 from $64 (+26.1% to spot)—
ZGNUBS—$15.5 → $15.4Target cut to $15.4 from $15.5 (+23% to spot)—
TENorthland—$9Target set to $9 (+129.6% to spot)—
ZNTLOutperform from Market Perform at Leerink—$8Target set to $8 (+217.5% to spot)—
SMTCStifel—$188 → $220Target raised to $220 from $188 (+12.9% to spot)—
ONStifel—$75 → $80Target raised to $80 from $75 (-5.8% to spot)Rubin
NTGRStifel—$36 → $30Target cut to $30 from $36 (+27.3% to spot)—
LITEStifel—$1100 → $1232Target raised to $1232 from $1100 (+13.5% to spot)Rubin
CRDOStifel—$350 → $310Target cut to $310 from $350 (+41.8% to spot)Rubin
AMBQStifel—$75 → $85Target raised to $85 from $75 (+24.7% to spot)—
AOSLStifel—$38 → $34Target cut to $34 from $38 (+12.4% to spot)—
AMDStifel—$635 → $700Target raised to $700 from $635 (+10.4% to spot)Rubin
PNCGoldman Sachs—$281 → $250Target cut to $250 from $281 (+13.1% to spot)—
WFCGoldman Sachs—$107 → $96Target cut to $96 from $107 (+19.3% to spot)—
RPMWells Fargo—$135 → $130Target cut to $130 from $135 (+31.1% to spot)—
VMCWells Fargo—$254 → $249Target cut to $249 from $254 (+2.4% to spot)—
MLMWells Fargo—$585 → $579Target cut to $579 from $585 (+20% to spot)—
KNFWells Fargo—$62 → $54Target cut to $54 from $62 (+7.3% to spot)—
FIGRBofA Securities—$44Target set to $44 (+54.2% to spot)—
EXPWells Fargo—$196 → $188Target cut to $188 from $196 (+9.7% to spot)—
CRHWells Fargo—$107 → $106Target cut to $106 from $107 (+29.4% to spot)—
AMRZWells Fargo—$44 → $40Target cut to $40 from $44 (+7.4% to spot)—
ALLYUBS—$54 → $50Target cut to $50 from $54 (+31.9% to spot)—
AMPBofA Securities—$570Target set to $570 (+16.1% to spot)—
SYFUBS—$87 → $81Target cut to $81 from $87 (+12.9% to spot)—
MTBUBS—$255 → $238Target cut to $238 from $255 (+8.6% to spot)—
CFGUBS—$82 → $77Target cut to $77 from $82 (+19.7% to spot)—
KEYUBS—$27 → $25Target cut to $25 from $27 (+24.5% to spot)—
HBANUBS—$22 → $19Target cut to $19 from $22 (+23.9% to spot)—
FITBUBS—$65 → $63Target cut to $63 from $65 (+23.8% to spot)—
GMABGuggenheim—$54Target set to $54 (+55.4% to spot)—
HOODBofA Securities—$156Target set to $156 (+38.4% to spot)—
PCVXGuggenheim—$125Target set to $125 (+121.3% to spot)—
TFCUBS—$55 → $50Target cut to $50 from $55 (+7.6% to spot)—
PNWJefferies—$129 → $109Target cut to $109 from $129 (+13.6% to spot)—
ORICLeerink—$26Target set to $26 (+113% to spot)—
PNCUBS—$288 → $286Target cut to $286 from $288 (+29.4% to spot)—
USBUBS—$66 → $64Target cut to $64 from $66 (+11.3% to spot)—
MSUBS—$260 → $236Target cut to $236 from $260 (+24% to spot)—
SCHWBofA Securities—$95Target set to $95 (-1.8% to spot)—
PECOWells Fargo—$43 → $41Target cut to $41 from $43 (+8.6% to spot)—
BACUBS—$70 → $67Target cut to $67 from $70 (+24.7% to spot)—
JPMUBS—$400 → $395Target cut to $395 from $400 (+18.8% to spot)—
LRCXMorgan Stanley—$367 → $385Target raised to $385 from $367 (+10.8% to spot)Rubin
CMEUBS—$270Target set to $270 (+2.6% to spot)HALO
FRTWells Fargo—$134 → $126Target cut to $126 from $134 (+18.1% to spot)—
RACEUBS—$450Target set to $450 (+15.9% to spot)HALO
MCDGuggenheim—$250Target set to $250 (+7.8% to spot)—
CBOETD—$334Target set to $334 (+23.1% to spot)—
CTVAOppenheimer—$95 → $17Target cut to $17 from $95 (+42.6% to spot)—
LMRITruist—$18Target set to $18 (+74.4% to spot)—
SONUBS—$61 → $51Target cut to $51 from $61 (+4.6% to spot)—
SLGNUBS—$47 → $38Target cut to $38 from $47 (+9% to spot)—
PKGUBS—$292 → $289Target cut to $289 from $292 (+26.5% to spot)—
IPUBS—$47 → $35Target cut to $35 from $47 (+9.5% to spot)—
GPKUBS—$12 → $9.5Target cut to $9.5 from $12 (+8.2% to spot)—
HOGCiti—$33Target set to $33 (+34.4% to spot)—
BPMizuho—$56Target set to $56 (+25% to spot)—
CHRDMizuho—$179Target set to $179 (+30.6% to spot)—
SWXJefferies—$106Target set to $106 (+28.2% to spot)—
CTRERaymond James—$42Target set to $42 (+15.7% to spot)—
ABGMorgan Stanley—$230 → $184Target cut to $184 from $230 (+4.6% to spot)—
SAHMorgan Stanley—$72 → $57Target cut to $57 from $72 (-9.3% to spot)—
INCYStifel—$157Target set to $157 (+36.2% to spot)—
AXPBarclays—$364 → $342Target cut to $342 from $364 (+13% to spot)—
BFHBarclays—$109 → $110Target raised to $110 from $109 (+12.2% to spot)—
BRSPBarclays—$6 → $4Target cut to $4 from $6 (+5% to spot)—
COFBarclays—$240 → $237Target cut to $237 from $240 (+21.7% to spot)—
VTRSUBS—$26Target set to $26 (+47.7% to spot)—
MCDWells Fargo—$270Target set to $270 (+16.4% to spot)—
DASHWells Fargo—$230Target set to $230 (+21.6% to spot)—
LYFTWells Fargo—$17Target set to $17 (+10% to spot)—
UBERWells Fargo—$92Target set to $92 (+35.1% to spot)—
PBBarclays—$68 → $70Target raised to $70 from $68 (+3.9% to spot)—
SSBBarclays—$118 → $120Target raised to $120 from $118 (+17.8% to spot)—
ALBUBS—$175 → $150Target cut to $150 from $175 (+43.4% to spot)HALO
WTFCBarclays—$192 → $190Target cut to $190 from $192 (+31% to spot)—
EMNUBS—$92 → $77Target cut to $77 from $92 (+18.7% to spot)—
MEOHUBS—$71 → $74Target raised to $74 from $71 (+26.6% to spot)—
OLNUBS—$21 → $18Target cut to $18 from $21 (+13.2% to spot)—
WLKUBS—$98 → $86Target cut to $86 from $98 (+35.4% to spot)—
APDUBS—$336 → $305Target cut to $305 from $336 (+9.9% to spot)—
ASHUBS—$83 → $80Target cut to $80 from $83 (+15.1% to spot)—
NKEBarclays—$48 → $37Target cut to $37 from $48 (+9.2% to spot)—
ESIUBS—$47 → $48Target raised to $48 from $47 (+26.5% to spot)—
GLWUBS—$196 → $201Target raised to $201 from $196 (+22.4% to spot)Rubin
INGRUBS—$108 → $104Target cut to $104 from $108 (+9.1% to spot)—
LINUBS—$612 → $574Target cut to $574 from $612 (+19.7% to spot)Rubin · HALO
PPGUBS—$125 → $116Target cut to $116 from $125 (+10.3% to spot)—
SHWUBS—$390 → $363Target cut to $363 from $390 (+13.6% to spot)—
SOLSUBS—$80 → $76Target cut to $76 from $80 (+31.7% to spot)—
FMCUBS—$12 → $10Target cut to $10 from $12 (+18.5% to spot)—
DDUBS—$178 → $172Target cut to $172 from $178 (+32.3% to spot)—
XYLUBS—$138 → $112Target cut to $112 from $138 (+10% to spot)HALO
VLTOUBS—$104 → $106Target raised to $106 from $104 (+12% to spot)—
AMBPUBS—$5 → $4.5Target cut to $4.5 from $5 (+1.4% to spot)—
BALLUBS—$66 → $63Target cut to $63 from $66 (+11.8% to spot)—
LPLABofA Securities—$554Target set to $554 (+75.1% to spot)—
AXPUBS—$384 → $345Target cut to $345 from $384 (+13.9% to spot)—
LFSTKeyBanc—$13 → $15Target raised to $15 from $13 (+26.8% to spot)—
OIUBS—$6Target set to $6 (+7.1% to spot)—
KRSAWedbush—$44Target set to $44 (+44.3% to spot)—
ECLUBS—$342 → $344Target raised to $344 from $342 (+25.7% to spot)HALO
TROXUBS—$7 → $4.5Target cut to $4.5 from $7 (+14.5% to spot)—
KGSBarclays—$72 → $67Target cut to $67 from $72 (+23.3% to spot)—
CCUBS—$18 → $16Target cut to $16 from $18 (+16.7% to spot)—
CARTWells Fargo—$56Target set to $56 (+26.6% to spot)—
ITUBS—$208Target set to $208 (+12.6% to spot)—
RGNXMizuho—$22Target set to $22 (+196.1% to spot)—
PACHSBC—$277Target set to $277 (+37.9% to spot)HALO
TSLAHSBC—$157Target set to $157 (-57.6% to spot)—
STGWGoldman Sachs—$13Target set to $13 (+55.5% to spot)—
GPIMorgan Stanley—$232Target set to $232 (-7.1% to spot)—
VYLRMizuho—$84Target set to $84 (+24.9% to spot)—

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