#Analyst Upgrades, Downgrades and New Coverage | October 22, 2026 🔹 Coverage Initiated 🔹 Exelon $EXC received new coverage from HSBC Securities with a Hold rating and a price target of $44. 🔹 FirstEnergy $FE received new coverage from HSBC Securities with a Buy rating and a price target of $50. 🔹 Gap $GAP received new coverage from Wolfe Research with a Peer Perform rating. 🔹 Ionic Digital $IOND received new coverage from Canaccord Genuity with a Buy rating and a price target of $119. 🔹 Kardigan $KARD received new coverage from Robert W. Baird with an Outperform rating and a price target of $43. 🔹 lululemon athletica $LULU received new coverage from Wolfe Research with an Underperform rating and a price target of $75. 🔹 Nike $NKE received new coverage from Wolfe Research with an Underperform rating and a price target of $28. 🔹 NiSource $NI received new coverage from HSBC Securities with a Buy rating and a price target of $49.5. 🔹 Northwest Natural $NWN received new coverage from Mizuho with a Neutral rating and a price target of $51. 🔹 NRG Energy $NRG received new coverage from HSBC Securities with a Buy rating and a price target of $179. 🔹 On $ONON received new coverage from Wolfe Research with an Outperform rating and a price target of $47.