Micron Technology Inc. (NASDAQ: MU) was up almost 2% at $50.71 a share on Tuesday ahead of earnings, and the stock initially traded up but was last seen down over 3% at $49.00 on early Wednesday. Truist maintained its Neutral rating with a $55 target, and Needham maintained its Buy rating but lowered its price target to $65 from $70.
Nike Inc. (NYSE: NKE) was named as the Bull of the Day at Zacks, which said that this sportswear giant impressed investors and analysts alike after blowout quarterly earnings. Shares most recently closed at $126.35 and have a consensus price target of $142.64.
OrganiGram Holdings Inc. (NASDAQ: OGI) was named the Zacks Bear of the Day stock. The firm said revenue and profits have fallen significantly year-over-year for this cannabis stock. Shares most recently closed at $1.05, after sinking to a 52-week low of $1.01 earlier in the day.
PBF Energy Inc. (NYSE: PBF) was downgraded to Equal Weight from Overweight at Wells Fargo.
Penn National Gaming Inc. (NASDAQ: PENN) was reiterated as Buy and its price target was raised to $90 from $80 (versus a $69.41 close) at Rosenblatt.
Sherwin-Williams Co. (NYSE: SHW) was reiterated as Outperform and its target price was raised to $765 from $735 (versus a $705.67 close) at Credit Suisse.
Shopify Inc. (NYSE: SHOP) was raised from Neutral to Outperform with a $1,300 price target (versus a $1,025.70 close) at Wedbush Securities.
SkyWest Inc. (NASDAQ: SKYW) was reiterated as Strong Buy and its target price was raised to $42 from $40 (versus a $29.82 close) at Raymond James.
Southwest Airlines Co. (NYSE: LUV) was reiterated as Strong Buy and its target price was raised to $45 from $42 (versus a $37.61 close) at Raymond James.
Starbucks Corp. (NASDAQ: SBUX) was upgraded to Outperform from Market Perform and its target price was raised to $99 from $77 at Cowen. The firm talked up the expanded digital platform with new pay options and the strong trends in curbside pickup. Starbucks closed down 1.5% at $84.80 a share ahead of the call, with an $83.45 consensus target price.
Sunrun Inc. (NASDAQ: RUN) was downgraded to Neutral from Buy at Goldman Sachs. The stock closed up 1.1% at $72.80 ahead of the call, and it had a $53.67 consensus target price. It was indicated down 2.5% at $71.00 ahead of Wednesday’s opening bell.
Zynga Inc. (NASDAQ: ZNGA) was started with a Buy rating and a $12 target price (versus a $9.12 close) at MKM Partners.
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Tuesday’s top analyst upgrades and downgrades included AbbVie, CSX, Dominion Energy, JPMorgan, NXP Semiconductors, ONEOK, Pfizer, Square, United Parcel Service and WPX Energy.