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Analyst Wire — 2026-10-21

Every US sell-side action recorded on 2026-10-21 — 224 in total: 5 upgrades, 12 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
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—
PLDRaymond JamesMarket Perform → Outperform—Upgraded to Outperform from Market Perform—
DOCNPiper SandlerNeutral → Overweight—Upgraded to Overweight from NeutralAEI

Downgrades (12)

NameFirmRatingTargetCallOurs
ZMNeedhamBuy → Hold—Downgraded to Hold from Buy—
ZMRBC CapitalOutperform → Underperform—Downgraded to Underperform from Outperform—
NFLXNeedhamBuy → Hold—Downgraded to Hold from BuyAW40
REAXZelmanOutperform → Neutral—Downgraded to Neutral from Outperform—
BRZERaymond JamesOutperform → Market Perform—Downgraded to Market Perform from Outperform—
JNJJohnson RiceBuy → Hold—Downgraded to Hold from Buy—
DCUBSBuy → Sell—Downgraded to Sell from Buy—
ATRCUBSBuy → Sell—Downgraded to Sell from Buy—
CMGCowen & Co.Buy → Hold—Downgraded to Hold from BuyHALO
SMBKRaymond JamesStrong Buy → Outperform—Downgraded to Outperform from Strong Buy—
CLHWilliam BlairOutperform → Neutral—Downgraded to Neutral from OutperformHALO
CWSTUBSBuy → Neutral—Downgraded to Neutral from Buy—

Initiations (22)

NameFirmRatingTargetCallOurs
DKSWolfe ResearchOutperform—Initiated to Outperform—
BURLWolfe ResearchOutperform—Initiated to Outperform—
TJXWolfe ResearchPeer Perform—Initiated to Peer Perform—
ROSTWolfe ResearchOutperform—Initiated to Outperform—
AEOWolfe ResearchPeer Perform—Initiated to Peer Perform—
GAPWolfe ResearchPeer Perform—Initiated to Peer Perform—
URBNWolfe ResearchPeer Perform—Initiated to Peer Perform—
ANFWolfe ResearchOutperform—Initiated to Outperform—
LULUWolfe ResearchUnderperform—Initiated to UnderperformHALO
NKEWolfe ResearchUnderperform—Initiated to Underperform—
DECKWolfe ResearchPeer Perform—Initiated to Peer PerformHALO
ONONWolfe ResearchPeer Perform → Outperform—Initiated to Outperform from Peer PerformHALO
ZMCitigroupMarket Perform → Buy—Initiated to Buy from Market Perform—
QMLSB. RileyBuy—Initiated to Buy—
CTSOWBB SecuritiesSpeculative Buy—Initiated to Speculative Buy—
IMSRLake StreetBuy—Initiated to Buy—
KZIAGuggenheimBuy—Initiated to Buy—
XLORaymond JamesOutperform—Initiated to Outperform—
VORWilliam BlairOutperform—Initiated to Outperform—
KSUBSNeutral → Buy—Initiated to Buy from Neutral—
AVOSantanderOutperform—Initiated to Outperform—
COSTCICCOutperform—Initiated to OutperformHALO

Price-target moves (185)

NameFirmRatingTargetCallOurs
UALJefferies—$134 → $142Target raised to $142 from $134 (+35.7% to spot)—
AEEMorgan Stanley—$108 → $109Target raised to $109 from $108 (+2.2% to spot)—
AEPMorgan Stanley—$128 → $130Target raised to $130 from $128 (+1.8% to spot)—
CMSMorgan Stanley—$77 → $73Target cut to $73 from $77 (+6.7% to spot)—
DUKMorgan Stanley—$127 → $128Target raised to $128 from $127 (+5.5% to spot)—
IDAMorgan Stanley—$143 → $144Target raised to $144 from $143 (+3.8% to spot)—
OGEMorgan Stanley—$46 → $47Target raised to $47 from $46 (-2.1% to spot)—
OGSMorgan Stanley—$79 → $78Target cut to $78 from $79 (+2.7% to spot)—
SEIMorgan Stanley—$90 → $102Target raised to $102 from $90 (+46.7% to spot)—
SOMorgan Stanley—$85 → $84Target cut to $84 from $85 (-7.4% to spot)—
XELMorgan Stanley—$83 → $85Target raised to $85 from $83 (+10.7% to spot)—
BXBMO Capital—$130Target set to $130 (+18.3% to spot)—
ALLYDeutsche Bank—$58 → $56Target cut to $56 from $58 (+45.2% to spot)—
EFXDeutsche Bank—$179 → $201Target raised to $201 from $179 (+14.8% to spot)—
NFLXDeutsche Bank—$95 → $93Target cut to $93 from $95 (+42% to spot)AW40
ENPHBMO Capital—$37 → $28Target cut to $28 from $37 (-13% to spot)HALO
STEMBMO Capital—$8 → $5Target cut to $5 from $8 (+44.7% to spot)—
CEGMorgan Stanley—$369 → $378Target raised to $378 from $369 (+41.3% to spot)—
ETRMorgan Stanley—$98 → $101Target raised to $101 from $98 (-4.9% to spot)—
PEGMorgan Stanley—$88 → $85Target cut to $85 from $88 (+19.3% to spot)—
TLNMorgan Stanley—$514 → $504Target cut to $504 from $514 (+39.1% to spot)—
NFLXSeaport Research—$90 → $85Target cut to $85 from $90 (+29.4% to spot)AW40
HQYBMO Capital—$105 → $125Target raised to $125 from $105 (+27.1% to spot)—
EFXBMO Capital—$160 → $175Target raised to $175 from $160 (-0.2% to spot)—
SPCXPivotal Research—$260Target set to $260 (+60.3% to spot)Rubin · AEI
PHATCraig-Hallum—$20 → $15Target cut to $15 from $20 (+110.7% to spot)—
ARRYBMO Capital—$7 → $6Target cut to $6 from $7 (+74.2% to spot)HALO
ISRGLeerink—$473 → $503Target raised to $503 from $473 (+18.8% to spot)HALO
NXTBMO Capital—$132 → $114Target cut to $114 from $132 (+39.9% to spot)—
SEDGBMO Capital—$31 → $28Target cut to $28 from $31 (-14.7% to spot)—
LLYLeerink—$1309 → $1316Target raised to $1316 from $1309 (+4% to spot)HALO
BEBMO Capital—$227 → $260Target raised to $260 from $227 (+9.6% to spot)Rubin
WTFCRaymond James—$180 → $165Target cut to $165 from $180 (+11.8% to spot)—
SMRaymond James—$48 → $50Target raised to $50 from $48 (+29.5% to spot)—
HBCPRaymond James—$74 → $66Target cut to $66 from $74 (+14% to spot)—
FNBRaymond James—$21 → $20Target cut to $20 from $21 (+13% to spot)—
AGNCRBC Capital—$12 → $10Target cut to $10 from $12 (+12.7% to spot)—
MMMBernstein SocGen Group—$197Target set to $197 (+15.3% to spot)—
SOBMO Capital—$98Target set to $98 (+8.3% to spot)—
CRMDA Davidson on Braze Deal—$250Target set to $250 (+3.2% to spot)AW40
FASTArgus—$55 → $59Target raised to $59 from $55 (+14% to spot)HALO
BMRNMorgan Stanley—$124 → $122Target cut to $122 from $124 (+116% to spot)—
BBIOMorgan Stanley—$97 → $87Target cut to $87 from $97 (+28.7% to spot)—
INSMMorgan Stanley—$218 → $213Target cut to $213 from $218 (+123.4% to spot)—
JAZZMorgan Stanley—$322 → $314Target cut to $314 from $322 (+47.2% to spot)—
HASRoth Capital—$105 → $125Target raised to $125 from $105 (+12% to spot)—
VICRRoth Capital—$375 → $360Target cut to $360 from $375 (+68.4% to spot)Rubin
COFBofA—$253 → $252Target cut to $252 from $253 (+20.4% to spot)—
TBBBUBS—$58 → $69Target raised to $69 from $58 (+17.3% to spot)—
TRUUBS—$75 → $83Target raised to $83 from $75 (+5.4% to spot)—
RTXUBS—$209 → $212Target raised to $212 from $209 (+10.5% to spot)—
NOCUBS—$694 → $698Target raised to $698 from $694 (+28.5% to spot)—
BOKFDA Davidson—$147 → $145Target cut to $145 from $147 (+14.8% to spot)—
FULUBS—$69 → $55Target cut to $55 from $69 (+9.8% to spot)—
OKERBC Capital—$90 → $96Target raised to $96 from $90 (+3.1% to spot)—
NOCRBC Capital—$525 → $550Target raised to $550 from $525 (+1.8% to spot)—
ISRGRBC Capital—$575 → $550Target cut to $550 from $575 (+31.3% to spot)HALO
HALRBC Capital—$45 → $46Target raised to $46 from $45 (+37.7% to spot)—
GMRBC Capital—$102 → $98Target cut to $98 from $102 (+29.2% to spot)—
CMGDeutsche Bank—$51 → $45Target cut to $45 from $51 (+59.7% to spot)HALO
ELFDeutsche Bank—$78 → $105Target raised to $105 from $78 (-8.5% to spot)HALO
FRPTDeutsche Bank—$70 → $67Target cut to $67 from $70 (+4.3% to spot)HALO
KRDeutsche Bank—$68 → $70Target raised to $70 from $68 (+10.7% to spot)—
GERBC Capital—$400 → $375Target cut to $375 from $400 (+23.4% to spot)—
YUMDeutsche Bank—$174 → $167Target cut to $167 from $174 (+11.5% to spot)—
GEDeutsche Bank—$377 → $378Target raised to $378 from $377 (+24.7% to spot)—
GMDeutsche Bank—$101 → $98Target cut to $98 from $101 (+29.8% to spot)—
TRGPBMO Capital—$303 → $328Target raised to $328 from $303 (+10.5% to spot)—
XEUBS—$34 → $18Target cut to $18 from $34 (+65.5% to spot)—
CHWMMaxim—$11Target set to $11 (+112.4% to spot)—
SPHRSusquehanna—$182 → $158Target cut to $158 from $182 (+40% to spot)—
SPCXSusquehanna—$173 → $176Target raised to $176 from $173 (+19.1% to spot)Rubin · AEI
WOLFSusquehanna—$30 → $25Target cut to $25 from $30 (+6.4% to spot)—
LVSSusquehanna—$65 → $51Target cut to $51 from $65 (+33.6% to spot)—
SWKSSusquehanna—$65 → $90Target raised to $90 from $65 (+10.7% to spot)—
QCOMSusquehanna—$160 → $185Target raised to $185 from $160 (+5.3% to spot)Rubin
PNROppenheimer—$94 → $84Target cut to $84 from $94 (+58.9% to spot)—
ESABOppenheimer—$135 → $110Target cut to $110 from $135 (+68.7% to spot)—
KNSusquehanna—$40 → $35Target cut to $35 from $40 (+2% to spot)—
AOSOppenheimer—$75 → $72Target cut to $72 from $75 (+20.9% to spot)—
INTCSusquehanna—$115 → $105Target cut to $105 from $115 (+14.5% to spot)Rubin
GESusquehanna—$430 → $400Target cut to $400 from $430 (+33.4% to spot)—
AMDSusquehanna—$550 → $620Target raised to $620 from $550 (+15.9% to spot)Rubin
TWLOOppenheimer—$275 → $325Target raised to $325 from $275 (+25.6% to spot)AEI
UCBStephens—$41 → $42Target raised to $42 from $41 (+18.4% to spot)—
FITBStephens—$61 → $59Target cut to $59 from $61 (+12.6% to spot)—
CBSHStephens—$64 → $62Target cut to $62 from $64 (+11.6% to spot)—
FNFStephens—$55 → $50Target cut to $50 from $55 (+23.5% to spot)—
NFLXPivotal Research—$65Target set to $65 (-5.4% to spot)AW40
RCUSTruist—$40 → $41Target raised to $41 from $40 (+72.6% to spot)—
EFXNeedham—$190 → $210Target raised to $210 from $190 (+19% to spot)—
MDLZBTIG—$73 → $74Target raised to $74 from $73 (+15.6% to spot)—
DTBTIG—$62 → $73Target raised to $73 from $62 (+14.7% to spot)AEI
SPCXGoldman Sachs—$245Target set to $245 (+65.8% to spot)Rubin · AEI
CACICantor Fitzgerald—$675 → $785Target raised to $785 from $675 (+29.2% to spot)—
TBBKStephens—$59Target set to $59 (+16.6% to spot)—
NFLXJPMorgan—$85 → $81Target cut to $81 from $85 (+17.9% to spot)AW40
SPCXCantor Fitzgerald—$246 → $345Target raised to $345 from $246 (+133.4% to spot)Rubin · AEI
NICPiper Sandler—$194 → $196Target raised to $196 from $194 (+18.9% to spot)—
HWCPiper Sandler—$87 → $88Target raised to $88 from $87 (+18.7% to spot)—
HBCPPiper Sandler—$71 → $64Target cut to $64 from $71 (+7.6% to spot)—
DCOMPiper Sandler—$45 → $47Target raised to $47 from $45 (+14.6% to spot)—
COFPiper Sandler—$260 → $269Target raised to $269 from $260 (+33.5% to spot)—
CBSHPiper Sandler—$63 → $60.5Target cut to $60.5 from $63 (+8.9% to spot)—
ALGNPiper Sandler—$235 → $205Target cut to $205 from $235 (+36.2% to spot)—
NFLXPiper Sandler—$85 → $78Target cut to $78 from $85 (+13.6% to spot)AW40
GEJPMorgan—$375Target set to $375 (+25.1% to spot)—
NOCGuggenheim—$640Target set to $640 (+19.9% to spot)—
NFLXGuggenheim—$78Target set to $78 (+13.6% to spot)AW40
GMUBS—$109Target set to $109 (+41.4% to spot)—
SPCXBarclays—$254 → $300Target raised to $300 from $254 (+103% to spot)Rubin · AEI
FUNGuggenheim—$17Target set to $17 (+116.3% to spot)—
NFLXMoffettNathanson—$100 → $90Target cut to $90 from $100 (+31% to spot)AW40
NFLXCanaccord—$110Target set to $110 (+60.1% to spot)AW40
STLDWells Fargo—$257 → $271Target raised to $271 from $257 (+10.9% to spot)—
MAAGoldman Sachs—$142 → $125Target cut to $125 from $142 (+6.5% to spot)—
ISRGWells Fargo—$487 → $486Target cut to $486 from $487 (+11% to spot)HALO
GEMorgan Stanley—$375Target set to $375 (+25.1% to spot)—
GMGoldman Sachs—$112 → $96Target cut to $96 from $112 (+24.5% to spot)—
HASWells Fargo—$90 → $100Target raised to $100 from $90 (-8.7% to spot)—
ISRGBaird—$513 → $550Target raised to $550 from $513 (+25.6% to spot)HALO
GEUBS—$377 → $380Target raised to $380 from $377 (+26.7% to spot)—
ADCBaird—$77 → $76Target cut to $76 from $77 (+13.3% to spot)—
HALJefferies—$47 → $48Target raised to $48 from $47 (+42.9% to spot)—
KRWells Fargo—$58 → $60Target raised to $60 from $58 (-4.7% to spot)—
ELSBaird—$74 → $71Target cut to $71 from $74 (+14.6% to spot)—
MSCIWells Fargo—$685 → $720Target raised to $720 from $685 (+21.7% to spot)—
KRUBS—$63 → $66Target raised to $66 from $63 (+4.8% to spot)—
NFLXMorgan Stanley—$80 → $77Target cut to $77 from $80 (+12.1% to spot)AW40
MSCIMorgan Stanley—$662 → $671Target raised to $671 from $662 (+13.4% to spot)—
SPCXUBS—$210 → $230Target raised to $230 from $210 (+55.6% to spot)Rubin · AEI
NRGSiebert Williams—$184 → $165Target cut to $165 from $184 (+68.6% to spot)—
EWBCMorgan Stanley—$164 → $168Target raised to $168 from $164 (+31% to spot)—
CWENUBS—$45 → $38Target cut to $38 from $45 (+25.7% to spot)—
NPMizuho—$33Target set to $33 (+11.9% to spot)—
FUNMizuho—$5Target set to $5 (-36.4% to spot)—
ADCStifel—$81.5 → $76.5Target cut to $76.5 from $81.5 (+14% to spot)—
SPCXMizuho—$205Target set to $205 (+38.7% to spot)Rubin · AEI
EFXStifel—$235 → $217Target cut to $217 from $235 (+22.9% to spot)—
NFLXRosenblatt—$71Target set to $71 (+3.4% to spot)AW40
NFLXBofA—$105 → $90Target cut to $90 from $105 (+31% to spot)AW40
ZIONPiper Sandler—$68 → $69Target raised to $69 from $68 (+6.8% to spot)—
NFLXStephens—$141Target set to $141 (+105.3% to spot)AW40
BOKFStephens—$148 → $141Target cut to $141 from $148 (+11.5% to spot)—
NOWTruist—$130 → $180Target raised to $180 from $130 (+20.4% to spot)AW40
COHRSusquehanna—$425 → $350Target cut to $350 from $425 (+51% to spot)Rubin
SLNH.C. Wainwright—$20Target set to $20 (+2% to spot)—
MGACIBC—$70Target set to $70 (+5.4% to spot)—
UPSBernstein—$131 → $127Target cut to $127 from $131 (+28.9% to spot)—
BRZEStephens—$47.5Target set to $47.5 (+4.2% to spot)—
ZMUBS—$115 → $112Target cut to $112 from $115 (+14.9% to spot)—
VSTRaymond James—$182 → $176Target cut to $176 from $182 (+13.6% to spot)—
NFLXGoldman Sachs—$90 → $84Target cut to $84 from $90 (+22.3% to spot)AW40
NBISPiper Sandler—$237 → $185Target cut to $185 from $237 (+7.9% to spot)Euro-AI · AEI
CRWVPiper Sandler—$153 → $124Target cut to $124 from $153 (+99.6% to spot)AEI
RLIWells Fargo—$53Target set to $53 (-15.5% to spot)—
RAPPWells Fargo—$50Target set to $50 (+70.2% to spot)—
SYFBarclays—$93 → $94Target raised to $94 from $93 (+28.1% to spot)—
RTXBarclays—$223 → $235Target raised to $235 from $223 (+21.5% to spot)—
SYFEvercore ISI—$78Target set to $78 (+6.3% to spot)—
NFLXBarclays—$70 → $65Target cut to $65 from $70 (-5.4% to spot)AW40
ISRGBarclays—$485 → $500Target raised to $500 from $485 (+14.2% to spot)HALO
GMBarclays—$110 → $105Target cut to $105 from $110 (+36.2% to spot)—
COFBarclays—$237 → $238Target raised to $238 from $237 (+18.1% to spot)—
AMGNBarclays—$380 → $400Target raised to $400 from $380 (-8.9% to spot)HALO
AGNCBarclays—$10 → $9Target cut to $9 from $10 (+2.3% to spot)—
ABBVBarclays—$300 → $325Target raised to $325 from $300 (+12.5% to spot)—
NRGRaymond James—$167 → $152Target cut to $152 from $167 (+52.9% to spot)—
NFLXOppenheimer—$85 → $80Target cut to $80 from $85 (+16.5% to spot)AW40
ALLYEvercore ISI—$40Target set to $40 (+5.3% to spot)—
SOLSBMO Capital—$87Target set to $87 (+38% to spot)—
MMMJefferies—$186Target set to $186 (+8.5% to spot)—
ISRGRaymond James—$480Target set to $480 (+9.6% to spot)HALO
KRGuggenheim—$68Target set to $68 (+8% to spot)—
NFLXEvercore ISI—$90Target set to $90 (+31% to spot)AW40
APLDRoth Capital—$35Target set to $35 (+81.1% to spot)—
SSNCJefferies—$83 → $100Target raised to $100 from $83 (+15% to spot)—
FTNTArete—$117Target set to $117 (-31.6% to spot)AEI
HALBarclays—$53 → $51Target cut to $51 from $53 (+51.8% to spot)—
AKAMPiper Sandler—$158 → $120Target cut to $120 from $158 (+33.9% to spot)AEI
AIIRRoth Capital—$11.5Target set to $11.5 (+55% to spot)—
NFLXBernstein SocGen Group—$80Target set to $80 (+16.5% to spot)AW40
CLHUBS—$375Target set to $375 (+18.6% to spot)HALO
AVOGrupo Santander—$15.6Target set to $15.6 (+31.5% to spot)—
BRZEMizuho—$47.5Target set to $47.5 (+4.2% to spot)—

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