Top Downgrades:  ACT: UNDERWEIGHT @ JPM ADBE: UNDERWEIGHT @ WFC ALLY: EQUAL WEIGHT @ MS ARE: UNDERPERFORM @ BMO  CHRW: HOLD @ DB FMCC: NEUTRAL @ Mizuho  FNMA: NEUTRAL @ Mizuho  GDDY: SECTOR PERFORM @ RBC HUBS: EQUAL WEIGHT @ BCS INSM: PEER PERFORM @ Wolfe  MNDY: EQUAL WEIGHT @ BCS ROIV: PEER PERFORM @ Wolfe  SFR: UNDERWEIGHT @ MS SHL: NEUTRAL @ GS UWMC: NEUTRAL @ BTIG 12-OCT-2026 07:14 AM ET