Investing

Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More

Intuit Inc. (NASDAQ: INTU) was named as the Bull of the Day at Zacks, which said that this company has been getting to it when it comes to making money. Shares most recently closed at $322.47 and have a consensus price target of $357.06.

KB Home (NYSE: KBH) was raised to Outperform from In-Line at Evercore ISI Group. Shares closed down 3.3% at $36.91 and had a $39.00 consensus target price ahead of the call.

Kraft Heinz Co. (NASDAQ: KHC) was reiterated as Overweight but its price target was trimmed to $42 from $44 (versus a $31.97 close) at Wells Fargo.

Lennar Corp. (NYSE: LEN) was down 3.9% at $75.90 on Tuesday’s profit-taking after earnings. Wells Fargo maintained its Overweight rating but cut its price target to $85 from $90.

Peloton Interactive Inc. (NASDAQ: PTON) was reiterated as Outperform with a $116 price target (versus an $85.45 closing price) at Wedbush, with the firm noting after its first annual investor day that no official news was broken but that considerable progress was made on all aspects of its growth story and the COVID-19 boost is viewed as just the start.

Regions Financial Corp. (NYSE: RF) was reiterated as Buy and its price target was raised to $14 (versus an $11.98 close) at Truist.

Sirius XM Holdings Inc. (NASDAQ: SIRI) was raised to Buy from Hold with a $7 price target (versus a $5.36 close) at Benchmark.

Snap-On Inc. (NYSE: SNA) was started as a Sell with a $143 price target (versus a $152.96 close) at UBS. It had a $158.60 prior consensus target price.

Tapestry Inc. (NYSE: TPR) was raised to Buy from Hold with a $23 target price (versus a $16.84 close) at Deutsche Bank.

Tempur Sealy International Inc. (NYSE: TPX) was reiterated as Strong Buy and its target price was raised to $115 from $100 (versus a $94.09 close) at Raymond James.

Tesla Inc. (NASDAQ: TSLA) was reiterated as Hold at Deutsche Bank, but the firm raised its price target to $400 from $300. The stock closed up over 7% at $449.76 on Tuesday, and its consensus target price was $299.20.

Transocean Ltd. (NYSE: RIG) was downgraded to Neutral from Positive and its target price was slashed to $115 from $2.50 (versus a $1.07 close, after a 6% gain) at Susquehanna.

Veeco Instruments Inc. (NASDAQ: VECO) was raised to Buy from Neutral and its target price was raised to $16 from $13.50 (versus an $11.00 close) at Goldman Sachs. The stock was indicated up 9% at $12.00 on Wednesday, and it had an $18.20 consensus target price.

Five Dividend Aristocrats are sitting on massive total return opportunities, if their price targets are achieved.

Tuesday’s top analyst upgrades and downgrades included Alphabet, Citigroup, Facebook, Lennar, Netflix, NextEra, Nvidia, Nike, Pinterest, Roku and Snap.

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