Investing

Top Analyst Upgrades and Downgrades: Amazon, Apple, Barrick Gold, Home Depot, Lennar, Lowe's, Newmont, Nikola, Oracle, Valero, Visa and More

Immunovant Inc. (NASDAQ: IMVT) was reiterated as Buy and its price target was raised to $36 from $24 (versus a $26.49 close) at SunTrust Robinson Humphrey.

KAR Auction Services Inc. (NYSE: KAR) was reiterated as Buy and its price target was raised to $20 from $15 (versus a $15.66 close) at SunTrust, which noted that its top-line and profitability activity levels are rebounding faster than expected as it has planned to cut costs.

Lennar Corp. (NYSE: LEN) was reiterated as Overweight and its price target was raised to $70 from $63 (versus a $63.94 close) at Barclays.

Lowe’s Companies Inc. (NYSE: LOW) was reiterated as Buy and its price target was raised to $156 from $149 (versus a $131.74 close) at Stifel. It had a $138.60 consensus target price.

Mastercard Inc. (NYSE: MA) was reiterated as Buy and the price target was raised to $344 from $317 (versus a $304.48 close) at Citigroup. Mastercard had a $320.53 consensus price target.

Momenta Pharmaceuticals Inc. (NASDAQ: MNTA) was reiterated as Buy and its price target was raised to $57 from $50 (versus a $36.47 close) at SunTrust.

Newmont Corp. (NYSE: NEM) was reiterated as Buy and its target was raised to $74 from $70 at Deutsche Bank. Shares closed down over 1.5% at $55.95 on Tuesday and had a $73.33 consensus price target.

Nikola Corp. (NASDAQ: NKLA) was started with an Outperform rating and a $79 price target (versus a $62.93 close) at Cowen. The post-SPAC trading range has been $10.27 to $93.99, and its market cap is listed as $22.7 billion.

Oracle Corp. (NYSE: ORCL) closed at $54.59 ahead of earnings. Wedbush reiterated its Neutral rating and its $54 price target, and Stifel reiterated its Hold rating and raised its target to $48 from $44. Citigroup reiterated its Neutral rating but raised its target to $54 from $45.

Pan American Silver Corp. (NASDAQ: PAAS) was reiterated as Buy and its price target was raised to $28.00 from $24.50 (versus a $26.44 close) at Deutsche Bank.

Valero Energy Corp. (NYSE: VLO) was downgraded to Neutral from Buy at Goldman Sachs. Shares closed up 4% at $66.16, with a $73.82 consensus target price.

Visa Inc. (NYSE: V) was reiterated as Buy and the price target was raised to $223 from $205 (versus a $192.88 close) at Citigroup. Visa had a $207.40 consensus price target.

BofA Securities has four top cloud and cybersecurity picks for big upside ahead.

Tuesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Alcoa, Apple, Broadwind, Cogent Communications, Intel, Micron Technology, Netflix, Nvidia, Qualcomm, Square, Zscaler and more.