Top Analyst Upgrades and Downgrades: AbbVie, Ally, Anthem, Caterpillar, CVS, Deere, Oracle, PayPal, Rite Aid, Square, Uber, UnitedHealth and More
Green Dot Corp. (NYSE: GDOT) was started as Hold and assigned a $29 target price (versus a $28.58 close) at Canaccord Genuity.
Hershey Co, (NYSE: HSY) was downgraded to Market Perform from Outperform at Bernstein.
Humana Inc. (NYSE: HUM) was started with a Hold rating and a $300 target price at Deutsche Bank. It has a consensus target price of $335.57.
Oracle Corp. (NYSE: ORCL) was on the books to report earnings on Thursday, but they came out Wednesday instead. After closing up 1.37% at $56.23, its shares slipped in the post-earnings reaction. Barclays maintained its Equal Weight rating and cut the target price to $57 from $59. BMO Capital Markets reiterated its Market Perform rating and raised its target to $60 from $59.
PayPal Holdings Inc. (NASDAQ: PYPL) was raised to Buy from Hold and the target price was raised to $118 from $110 at Canaccord Genuity.
Rite Aid Corp. (NYSE: RAD) was started with a Sell rating and assigned a $5 target price (versus a $9.68 close) at Deutsche Bank. The consensus target price is $6.33.
Square Inc. (NYSE: SQ) was downgraded to Hold from Buy and the target price was lowered to $62 from $88 at Canaccord Genuity. The stock closed down 2.2% at $59.20 on Tuesday, and it had a prior consensus target price of $82.88.
T2 Biosystems Inc. (NASDAQ: TTOO) was raised to Buy from Neutral and the target price was raised to $6 from $2 (versus a $2.61 close) at Janney. The firm noted that its $69 million government R&D funding support and an increased ability to raise capital are on top of other solid drug study news.
Teladoc Health Inc. (NYSE: TDOC) was started with a Buy rating and assigned a $76 target price (versus a $68.08 close) at Deutsche Bank. The consensus target price is $82.11.
Uber Technologies Inc. (NYSE: UBER) was maintained as Overweight but the target price was cut to $53 from $57 at Morgan Stanley.
UnitedHealth Group Inc. (NYSE: UNH) was started with a Hold rating and assigned a $263 target price (versus a $234.21 close) at Deutsche Bank. It has a consensus target price of $295.96.
Vista Outdoor Inc. (NYSE: VSTO) was named as the Zacks Bear of the Day stock. The firm said that even though a turnaround plan is in place, the future looks shaky for this outdoor equipment maker. Its shares closed at $6.51 and have a consensus price target of $8.70.
Zumiez Inc. (NASDAQ: ZUMZ) was named as the Bull of the Day at Zacks, which said that this specialty skateboarding retailer is seeing major sales growth thanks to a revamped digital strategy. Shares most recently closed at $32.57, with a consensus analyst target of $29.00.
Many analysts opined about how the Apple TV+ will compare and perform against other streaming services.
Wednesday’s top analyst upgrades and downgrades included Alcoa, Apple, Ciena, Cisco Systems, Dave & Buster’s, GameStop, Hilton Worldwide, Newmont Goldcorp, RH, Square, Zscaler and many more.