Interdigital Inc. (NASDAQ: IDCC) was started with an Outperform rating and a $90 price objective at Oppenheimer. The shares were last seen trading at $56.08.
Jabil Inc. (NYSE: JBL) was upgraded from Neutral to Buy with the price target raised to $40 at Goldman Sachs. The consensus target is $38.89. The shares were last seen at $33.40, after almost a 5% gain on Wednesday.
Lithia Motors Inc. (NYSE: LAD) was named as the Bull of the Day at Zacks, which said that cars are selling like hotcakes. Shares most recently closed at $174.99 and have a consensus price target of $154.14.
KB Home (NYSE: KBH) was downgraded to Sell from Neutral at Goldman Sachs, which also lowered the price target to $26. The consensus price target is $37. The stock closed at $29.53 a share on Wednesday.
Kraft Heinz Co. (NYSE: KHC) was raised from Hold to Buy with a $38 price objective at Deutsche Bank. The stock closed trading Wednesday at $31.89.
Meritage Homes Corp. (NYSE: MTH) was raised from Sell to Neutral with a new price target at $80 at Goldman Sachs. The consensus price objective is $71.50. The stock closed Wednesday at $82.21, up close to 4% on the day.
Novavax Inc. (NASDAQ: NVAX) saw its target price raised to $132 from $102 at H.C. Wainwright. The stock has been on fire, due to it being a contender for a COVID-19 vaccine. The analysts believe a global market exists for SARS-CoV-2 vaccines that could peak at approximately $10 billion in 2023, and they project Novavax’s vaccine candidate, NVX-CoV2373, as annually sustaining 10% market share. The stock was last seen Wednesday at $111.15, and it was down some in premarket trading.
Peloton Interactive Inc. (NYSE: PTON) was downgraded to Neutral from Buy at UBS, but the firm actually raised its price target to $58. That is in line with the $58.48 consensus figure, but Wednesday’s closing share price was $63.13. The shares were down almost 3% in the premarket.
PVH Corp. (NYSE: PVH) was named as the Zacks Bear of the Day stock. The firm said that earnings estimates for this global retailer continue to be slashed. Shares last closed at $50.78 and have a consensus price target of $59.16.
Shopify Inc. (NYSE: SHOP) was started with a Neutral rating and a $998 price target at Citigroup. The $793.01 consensus target is dramatically lower. Shares closed Wednesday at $959.45 apiece.
Walt Disney Co. (NYSE: DIS) was downgraded to Market Perform from Outperform at Cowen, which also lowered the price target to $97. Shares of the entertainment giant closed Wednesday at $120.90.
Zendesk Inc. (NYSE: ZEN) was started with a Neutral rating and a $100 price target at Citigroup. Wednesday’s final trade was posted at $88.42.
And check out six undervalued semiconductor stocks heading into earnings season.
Wednesday’s top analyst upgrades and downgrades included Apple, AT&T, CenturyLink, Fortinet, Gap, GW Pharma, Halliburton, Marvell, Schlumberger, Wells Fargo, Western Digital and more.
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