Before Q3 report, Mizuho and Morgan Stanley cut price targets

Event: Oct. 6–7, 2026. Mizuho’s Yaron Kinar maintained Neutral and cut its target from $72 to $70 on Oct. 7; Morgan Stanley’s Bob Huang maintained Equal-Weight and cut its target from $75 to $70 on Oct. 6. Ahead of the Oct. 19 report, analysts expected EPS of $1.16 and revenue of $3.23B. WRB closed Oct. 9 at $71.91, down 0.2% that day.