Top Downgrades:  ACAD: NEUTRAL @ UBS ACGL: EQUAL WEIGHT @ MS ADBE: HOLD @ HSBC ALNT: NEUTRAL @ JPM ASTS: NEUTRAL @ Piper CC: SECTOR PERFORM @ RBC FHTX: IN LINE @ Evercore  NRSN: NEUTRAL @ ROTH PSUS: UNDERPERFORM @ BAC RTX: HOLD @ DB SECZ: NEUTRAL @ Citi 13-OCT-2026 06:50 AM ET