—

Analyst Wire — 2026-10-21

Every US sell-side action recorded on 2026-10-21 — 215 in total: 3 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 (3)

NameFirmRatingTargetCallOurs
IONSBMO CapitalMarket Perform → Outperform—Upgraded to Outperform from Market Perform—
ZMPiper SandlerNeutral → Overweight—Upgraded to Overweight from Neutral—
COMPZelmanBuy → Outperform—Upgraded to Outperform from Buy—

Downgrades (6)

NameFirmRatingTargetCallOurs
ZMRBC CapitalOutperform → Underperform—Downgraded to Underperform from Outperform—
ZMNeedhamBuy → Hold—Downgraded to Hold from Buy—
REAXZelmanOutperform → Neutral—Downgraded to Neutral from Outperform—
NFLXNeedhamBuy → Hold—Downgraded to Hold from BuyAW40
JNJJohnson RiceBuy → Hold—Downgraded to Hold from Buy—
BRZERaymond JamesOutperform → Market Perform—Downgraded to Market Perform from Outperform—

Initiations (14)

NameFirmRatingTargetCallOurs
DECKWolfe ResearchPeer Perform—Initiated to Peer PerformHALO
NKEWolfe ResearchUnderperform—Initiated to Underperform—
LULUWolfe ResearchUnderperform—Initiated to UnderperformHALO
URBNWolfe ResearchPeer Perform—Initiated to Peer Perform—
GAPWolfe ResearchPeer Perform—Initiated to Peer Perform—
AEOWolfe ResearchPeer Perform—Initiated to Peer Perform—
TJXWolfe ResearchPeer Perform—Initiated to Peer Perform—
QMLSB. RileyBuy—Initiated to Buy—
ZMCitigroupMarket Perform → Buy—Initiated to Buy from Market Perform—
IMSRLake StreetBuy—Initiated to Buy—
CTSOWBB SecuritiesSpeculative Buy—Initiated to Speculative Buy—
VORWilliam BlairOutperform—Initiated to Outperform—
XLORaymond JamesOutperform—Initiated to Outperform—
KZIAGuggenheimBuy—Initiated to Buy—

Price-target moves (192)

NameFirmRatingTargetCallOurs
PEGARosenblatt—$43Target set to $43 (+22.2% to spot)—
IRONJefferies—$149Target set to $149 (+96.1% to spot)—
SAFEGoldman Sachs—$19Target set to $19 (+78.2% to spot)—
PLBCRaymond James—$70Target set to $70 (+11% to spot)—
CLMTGoldman Sachs—$57Target set to $57 (+8.4% to spot)—
KARDBaird—$43Target set to $43 (+234.6% to spot)—
SSNCDA Davidson—$96 → $104Target raised to $104 from $96 (+19.4% to spot)—
MLIFreedom Broker—$80 → $76Target cut to $76 from $80 (+32.1% to spot)—
TGoldman Sachs—$30 → $27Target cut to $27 from $30 (+23.2% to spot)—
ONONWolfe Research—$47Target set to $47 (+37.3% to spot)HALO
ANFWolfe Research—$181Target set to $181 (+13.4% to spot)—
ROSTWolfe Research—$279Target set to $279 (+19.1% to spot)—
BURLWolfe Research—$356Target set to $356 (+43.5% to spot)—
DKSWolfe Research—$181Target set to $181 (+27.5% to spot)—
UALJefferies—$134 → $142Target raised to $142 from $134 (+35.7% to spot)—
XELMorgan Stanley—$83 → $85Target raised to $85 from $83 (+10.7% to spot)—
SOMorgan Stanley—$85 → $84Target cut to $84 from $85 (-7.4% to spot)—
SEIMorgan Stanley—$90 → $102Target raised to $102 from $90 (+46.7% to spot)—
OGSMorgan Stanley—$79 → $78Target cut to $78 from $79 (+2.7% to spot)—
OGEMorgan Stanley—$46 → $47Target raised to $47 from $46 (-2.1% to spot)—
IDAMorgan Stanley—$143 → $144Target raised to $144 from $143 (+3.8% to spot)—
DUKMorgan Stanley—$127 → $128Target raised to $128 from $127 (+5.5% to spot)—
CMSMorgan Stanley—$77 → $73Target cut to $73 from $77 (+6.7% to spot)—
AEPMorgan Stanley—$128 → $130Target raised to $130 from $128 (+1.8% to spot)—
AEEMorgan Stanley—$108 → $109Target raised to $109 from $108 (+2.2% to spot)—
TLNMorgan Stanley—$514 → $504Target cut to $504 from $514 (+39.1% to spot)—
PEGMorgan Stanley—$88 → $85Target cut to $85 from $88 (+19.3% to spot)—
ETRMorgan Stanley—$98 → $101Target raised to $101 from $98 (-4.9% to spot)—
CEGMorgan Stanley—$369 → $378Target raised to $378 from $369 (+41.3% to spot)—
STEMBMO Capital—$8 → $5Target cut to $5 from $8 (+44.7% to spot)—
ENPHBMO Capital—$37 → $28Target cut to $28 from $37 (-13% to spot)HALO
NFLXDeutsche Bank—$95 → $93Target cut to $93 from $95 (+42% to spot)AW40
EFXDeutsche Bank—$179 → $201Target raised to $201 from $179 (+14.8% to spot)—
ALLYDeutsche Bank—$58 → $56Target cut to $56 from $58 (+45.2% to spot)—
BXBMO Capital—$130Target set to $130 (+18.3% to spot)—
CRMDA Davidson on Braze Deal—$250Target set to $250 (+3.2% to spot)AW40
SOBMO Capital—$98Target set to $98 (+8.3% to spot)—
MMMBernstein SocGen Group—$197Target set to $197 (+15.3% to spot)—
AGNCRBC Capital—$12 → $10Target cut to $10 from $12 (+12.7% to spot)—
FNBRaymond James—$21 → $20Target cut to $20 from $21 (+13% to spot)—
HBCPRaymond James—$74 → $66Target cut to $66 from $74 (+14% to spot)—
SMRaymond James—$48 → $50Target raised to $50 from $48 (+29.5% to spot)—
WTFCRaymond James—$180 → $165Target cut to $165 from $180 (+11.8% to spot)—
BEBMO Capital—$227 → $260Target raised to $260 from $227 (+9.6% to spot)Rubin
LLYLeerink—$1309 → $1316Target raised to $1316 from $1309 (+4% to spot)HALO
SEDGBMO Capital—$31 → $28Target cut to $28 from $31 (-14.7% to spot)—
NXTBMO Capital—$132 → $114Target cut to $114 from $132 (+39.9% to spot)—
ISRGLeerink—$473 → $503Target raised to $503 from $473 (+18.8% to spot)HALO
ARRYBMO Capital—$7 → $6Target cut to $6 from $7 (+74.2% to spot)HALO
PHATCraig-Hallum—$20 → $15Target cut to $15 from $20 (+110.7% to spot)—
SPCXPivotal Research—$260Target set to $260 (+60.3% to spot)Rubin · AEI
EFXBMO Capital—$160 → $175Target raised to $175 from $160 (-0.2% to spot)—
HQYBMO Capital—$105 → $125Target raised to $125 from $105 (+27.1% to spot)—
NFLXSeaport Research—$90 → $85Target cut to $85 from $90 (+29.4% to spot)AW40
TRGPBMO Capital—$303 → $328Target raised to $328 from $303 (+10.5% to spot)—
GMDeutsche Bank—$101 → $98Target cut to $98 from $101 (+29.8% to spot)—
GEDeutsche Bank—$377 → $378Target raised to $378 from $377 (+24.7% to spot)—
YUMDeutsche Bank—$174 → $167Target cut to $167 from $174 (+11.5% to spot)—
GERBC Capital—$400 → $375Target cut to $375 from $400 (+23.4% to spot)—
KRDeutsche Bank—$68 → $70Target raised to $70 from $68 (+10.7% to spot)—
FRPTDeutsche Bank—$70 → $67Target cut to $67 from $70 (+4.3% to spot)HALO
ELFDeutsche Bank—$78 → $105Target raised to $105 from $78 (-8.5% to spot)HALO
CMGDeutsche Bank—$51 → $45Target cut to $45 from $51 (+59.7% to spot)HALO
GMRBC Capital—$102 → $98Target cut to $98 from $102 (+29.2% to spot)—
HALRBC Capital—$45 → $46Target raised to $46 from $45 (+37.7% to spot)—
ISRGRBC Capital—$575 → $550Target cut to $550 from $575 (+31.3% to spot)HALO
NOCRBC Capital—$525 → $550Target raised to $550 from $525 (+1.8% to spot)—
OKERBC Capital—$90 → $96Target raised to $96 from $90 (+3.1% to spot)—
FULUBS—$69 → $55Target cut to $55 from $69 (+9.8% to spot)—
BOKFDA Davidson—$147 → $145Target cut to $145 from $147 (+14.8% to spot)—
NOCUBS—$694 → $698Target raised to $698 from $694 (+28.5% to spot)—
RTXUBS—$209 → $212Target raised to $212 from $209 (+10.5% to spot)—
TRUUBS—$75 → $83Target raised to $83 from $75 (+5.4% to spot)—
TBBBUBS—$58 → $69Target raised to $69 from $58 (+17.3% to spot)—
COFBofA—$253 → $252Target cut to $252 from $253 (+20.4% to spot)—
VICRRoth Capital—$375 → $360Target cut to $360 from $375 (+68.4% to spot)Rubin
HASRoth Capital—$105 → $125Target raised to $125 from $105 (+12% to spot)—
JAZZMorgan Stanley—$322 → $314Target cut to $314 from $322 (+47.2% to spot)—
INSMMorgan Stanley—$218 → $213Target cut to $213 from $218 (+123.4% to spot)—
BBIOMorgan Stanley—$97 → $87Target cut to $87 from $97 (+28.7% to spot)—
BMRNMorgan Stanley—$124 → $122Target cut to $122 from $124 (+116% to spot)—
FASTArgus—$55 → $59Target raised to $59 from $55 (+14% to spot)HALO
NFLXGuggenheim—$78Target set to $78 (+13.6% to spot)AW40
NOCGuggenheim—$640Target set to $640 (+19.9% to spot)—
GEJPMorgan—$375Target set to $375 (+25.1% to spot)—
NFLXPiper Sandler—$85 → $78Target cut to $78 from $85 (+13.6% to spot)AW40
ALGNPiper Sandler—$235 → $205Target cut to $205 from $235 (+36.2% to spot)—
CBSHPiper Sandler—$63 → $60.5Target cut to $60.5 from $63 (+8.9% to spot)—
COFPiper Sandler—$260 → $269Target raised to $269 from $260 (+33.5% to spot)—
DCOMPiper Sandler—$45 → $47Target raised to $47 from $45 (+14.6% to spot)—
HBCPPiper Sandler—$71 → $64Target cut to $64 from $71 (+7.6% to spot)—
HWCPiper Sandler—$87 → $88Target raised to $88 from $87 (+18.7% to spot)—
NICPiper Sandler—$194 → $196Target raised to $196 from $194 (+18.9% to spot)—
SPCXCantor Fitzgerald—$246 → $345Target raised to $345 from $246 (+133.4% to spot)Rubin · AEI
NFLXJPMorgan—$85 → $81Target cut to $81 from $85 (+17.9% to spot)AW40
TBBKStephens—$59Target set to $59 (+16.6% to spot)—
CACICantor Fitzgerald—$675 → $785Target raised to $785 from $675 (+29.2% to spot)—
SPCXGoldman Sachs—$245Target set to $245 (+65.8% to spot)Rubin · AEI
DTBTIG—$62 → $73Target raised to $73 from $62 (+14.7% to spot)AEI
MDLZBTIG—$73 → $74Target raised to $74 from $73 (+15.6% to spot)—
EFXNeedham—$190 → $210Target raised to $210 from $190 (+19% to spot)—
RCUSTruist—$40 → $41Target raised to $41 from $40 (+72.6% to spot)—
NFLXPivotal Research—$65Target set to $65 (-5.4% to spot)AW40
FNFStephens—$55 → $50Target cut to $50 from $55 (+23.5% to spot)—
CBSHStephens—$64 → $62Target cut to $62 from $64 (+11.6% to spot)—
FITBStephens—$61 → $59Target cut to $59 from $61 (+12.6% to spot)—
UCBStephens—$41 → $42Target raised to $42 from $41 (+18.4% to spot)—
TWLOOppenheimer—$275 → $325Target raised to $325 from $275 (+25.6% to spot)AEI
AMDSusquehanna—$550 → $620Target raised to $620 from $550 (+15.9% to spot)Rubin
GESusquehanna—$430 → $400Target cut to $400 from $430 (+33.4% to spot)—
INTCSusquehanna—$115 → $105Target cut to $105 from $115 (+14.5% to spot)Rubin
AOSOppenheimer—$75 → $72Target cut to $72 from $75 (+20.9% to spot)—
KNSusquehanna—$40 → $35Target cut to $35 from $40 (+2% to spot)—
ESABOppenheimer—$135 → $110Target cut to $110 from $135 (+68.7% to spot)—
PNROppenheimer—$94 → $84Target cut to $84 from $94 (+58.9% to spot)—
QCOMSusquehanna—$160 → $185Target raised to $185 from $160 (+5.3% to spot)Rubin
SWKSSusquehanna—$65 → $90Target raised to $90 from $65 (+10.7% to spot)—
LVSSusquehanna—$65 → $51Target cut to $51 from $65 (+33.6% to spot)—
WOLFSusquehanna—$30 → $25Target cut to $25 from $30 (+6.4% to spot)—
SPCXSusquehanna—$173 → $176Target raised to $176 from $173 (+19.1% to spot)Rubin · AEI
SPHRSusquehanna—$182 → $158Target cut to $158 from $182 (+40% to spot)—
CHWMMaxim—$11Target set to $11 (+112.4% to spot)—
XEUBS—$34 → $18Target cut to $18 from $34 (+65.5% to spot)—
MGACIBC—$70Target set to $70 (+5.4% to spot)—
SLNH.C. Wainwright—$20Target set to $20 (+2% to spot)—
COHRSusquehanna—$425 → $350Target cut to $350 from $425 (+51% to spot)Rubin
NOWTruist—$130 → $180Target raised to $180 from $130 (+20.4% to spot)AW40
BOKFStephens—$148 → $141Target cut to $141 from $148 (+11.5% to spot)—
NFLXStephens—$141Target set to $141 (+105.3% to spot)AW40
ZIONPiper Sandler—$68 → $69Target raised to $69 from $68 (+6.8% to spot)—
NFLXBofA—$105 → $90Target cut to $90 from $105 (+31% to spot)AW40
NFLXRosenblatt—$71Target set to $71 (+3.4% to spot)AW40
EFXStifel—$235 → $217Target cut to $217 from $235 (+22.9% to spot)—
SPCXMizuho—$205Target set to $205 (+38.7% to spot)Rubin · AEI
ADCStifel—$81.5 → $76.5Target cut to $76.5 from $81.5 (+14% to spot)—
FUNMizuho—$5Target set to $5 (-36.4% to spot)—
NPMizuho—$33Target set to $33 (+11.9% to spot)—
CWENUBS—$45 → $38Target cut to $38 from $45 (+25.7% to spot)—
EWBCMorgan Stanley—$164 → $168Target raised to $168 from $164 (+31% to spot)—
NRGSiebert Williams—$184 → $165Target cut to $165 from $184 (+68.6% to spot)—
SPCXUBS—$210 → $230Target raised to $230 from $210 (+55.6% to spot)Rubin · AEI
MSCIMorgan Stanley—$662 → $671Target raised to $671 from $662 (+13.4% to spot)—
NFLXMorgan Stanley—$80 → $77Target cut to $77 from $80 (+12.1% to spot)AW40
KRUBS—$63 → $66Target raised to $66 from $63 (+4.8% to spot)—
MSCIWells Fargo—$685 → $720Target raised to $720 from $685 (+21.7% to spot)—
ELSBaird—$74 → $71Target cut to $71 from $74 (+14.6% to spot)—
KRWells Fargo—$58 → $60Target raised to $60 from $58 (-4.7% to spot)—
HALJefferies—$47 → $48Target raised to $48 from $47 (+42.9% to spot)—
ADCBaird—$77 → $76Target cut to $76 from $77 (+13.3% to spot)—
GEUBS—$377 → $380Target raised to $380 from $377 (+26.7% to spot)—
ISRGBaird—$513 → $550Target raised to $550 from $513 (+25.6% to spot)HALO
HASWells Fargo—$90 → $100Target raised to $100 from $90 (-8.7% to spot)—
GMGoldman Sachs—$112 → $96Target cut to $96 from $112 (+24.5% to spot)—
GEMorgan Stanley—$375Target set to $375 (+25.1% to spot)—
ISRGWells Fargo—$487 → $486Target cut to $486 from $487 (+11% to spot)HALO
MAAGoldman Sachs—$142 → $125Target cut to $125 from $142 (+6.5% to spot)—
STLDWells Fargo—$257 → $271Target raised to $271 from $257 (+10.9% to spot)—
NFLXCanaccord—$110Target set to $110 (+60.1% to spot)AW40
NFLXMoffettNathanson—$100 → $90Target cut to $90 from $100 (+31% to spot)AW40
FUNGuggenheim—$17Target set to $17 (+116.3% to spot)—
SPCXBarclays—$254 → $300Target raised to $300 from $254 (+103% to spot)Rubin · AEI
GMUBS—$109Target set to $109 (+41.4% to spot)—
UPSBernstein—$131 → $127Target cut to $127 from $131 (+28.9% to spot)—
MMMJefferies—$186Target set to $186 (+8.5% to spot)—
SOLSBMO Capital—$87Target set to $87 (+38% to spot)—
ALLYEvercore ISI—$40Target set to $40 (+5.3% to spot)—
NFLXOppenheimer—$85 → $80Target cut to $80 from $85 (+16.5% to spot)AW40
NRGRaymond James—$167 → $152Target cut to $152 from $167 (+52.9% to spot)—
ABBVBarclays—$300 → $325Target raised to $325 from $300 (+12.5% to spot)—
AGNCBarclays—$10 → $9Target cut to $9 from $10 (+2.3% to spot)—
AMGNBarclays—$380 → $400Target raised to $400 from $380 (-8.9% to spot)HALO
COFBarclays—$237 → $238Target raised to $238 from $237 (+18.1% to spot)—
GMBarclays—$110 → $105Target cut to $105 from $110 (+36.2% to spot)—
ISRGBarclays—$485 → $500Target raised to $500 from $485 (+14.2% to spot)HALO
NFLXBarclays—$70 → $65Target cut to $65 from $70 (-5.4% to spot)AW40
SYFEvercore ISI—$78Target set to $78 (+6.3% to spot)—
RTXBarclays—$223 → $235Target raised to $235 from $223 (+21.5% to spot)—
SYFBarclays—$93 → $94Target raised to $94 from $93 (+28.1% to spot)—
RAPPWells Fargo—$50Target set to $50 (+70.2% to spot)—
RLIWells Fargo—$53Target set to $53 (-15.5% to spot)—
CRWVPiper Sandler—$153 → $124Target cut to $124 from $153 (+99.6% to spot)AEI
NBISPiper Sandler—$237 → $185Target cut to $185 from $237 (+7.9% to spot)Euro-AI · AEI
NFLXGoldman Sachs—$90 → $84Target cut to $84 from $90 (+22.3% to spot)AW40
VSTRaymond James—$182 → $176Target cut to $176 from $182 (+13.6% to spot)—
ZMUBS—$115 → $112Target cut to $112 from $115 (+14.9% to spot)—
BRZEStephens—$47.5Target set to $47.5 (+4.2% to spot)—
HALBarclays—$53 → $51Target cut to $51 from $53 (+51.8% to spot)—
FTNTArete—$117Target set to $117 (-31.6% to spot)AEI
SSNCJefferies—$83 → $100Target raised to $100 from $83 (+15% to spot)—
APLDRoth Capital—$35Target set to $35 (+81.1% to spot)—
NFLXEvercore ISI—$90Target set to $90 (+31% to spot)AW40
KRGuggenheim—$68Target set to $68 (+8% to spot)—

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