Investing

Top Analyst Upgrades and Downgrades: Aramark, Coupa, DraftKings, Duke, eGain, FedEx, Illumina, Lululemon, Nikola, Slack, Vroom and More

Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Strong Buy and its target price was raised to $400 from $335 at Raymond James.

NeoGenomics Inc. (NASDAQ: NEOG) was started as Overweight and its price target was set at $46 (versus a $35.86 close) at Morgan Stanley. It had a $41.56 consensus price target.

Nikola Corp. (NASDAQ: NKLA) closed up 40% at $50.05 on Tuesday after a new partnership with General Motors. RBC Capital Markets maintained its Sector Perform rating but raised its target to $49 from $46.

Qualys Inc. (NASDAQ: QLYS) was started with a Buy rating and a $140 price target (versus a $98.67 close) at Loop Capital.

Sherwin-Williams Co. (NYSE: SHW) was raised to Outperform from Market Perform and its target price was raised to $790 from $674 (versus a $669.30 close) at BMO Capital Markets.

Slack Technologies Inc. (NYSE: WORK) was last seen trading down 17% to $24.50 after earnings, as the company is seen not adding enough users during the pandemic. Piper Sandler maintained it as Overweight but cut its price target was to $36 from $40. RBC Capital Markets maintained it as Outperform and cut its target price to $30 from $38, and Wells Fargo maintained its Overweight rating but cut its target to $33 from $40.

SmileDirectClub Inc. (NASDAQ: SDC) closed up 10.4% at $10.57 after announcing telehealth capabilities on Tuesday. Wolfe Research raised it from Underperform to Peer Perform with a $10 price target.

Stitch Fix Inc. (NASDAQ: SFIX) was started with a Buy rating and a $34 target price (versus a $26.60 close) at Deutsche Bank. It had a $26.92 consensus target price.

10x Genomics Inc. (NASDAQ: TXG) was started as Overweight and a $135 price target (versus a $108.27 close) at Morgan Stanley.

TRI Pointe Group Inc. (NYSE: TPH) was raised to Outperform from Neutral with a $23 price target (versus a $16.79 close) at Wedbush Securities.

Vivint Smart Home Inc. (NYSE: VVNT) was raised to Buy from Hold and the price target was set at $20 (versus a $15.61 close) at Deutsche Bank.

Vroom Inc. (NASDAQ: VRM) was raised to Overweight from Neutral with a $65 target price at JPMorgan. Shares closed down 3.1% at $56.23 on Tuesday, with a $69.88 consensus target price.

BofA Securities believes that the recent market rotation is going to favor value stocks, and it has five top picks that should bring plenty of upside if the firm is right.

Tuesday’s top analyst upgrades and downgrades included Apple, Baidu, Boeing, Delta Air Lines, L3Harris Technologies, Moderna, Raytheon Technologies, Roku and Walt Disney.