Investing

Top Analyst Upgrades and Downgrades: Cisco, Dell, Disney, Dollar Tree, Hubspot, Jabil, Kraft Heinz, Novavax, Peloton, Shopify and More

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.

In addition, UBS has 10 Trump election victory stock picks and 10 Biden election victory stock picks.

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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