Investing

Top Analyst Upgrades and Downgrades: Beyond Meat, Cimarex, Cloudflare, CSX, Exxon, Micron, NetApp, Unity Software and More

Hilton Worldwide Holdings Inc. (NYSE: HLT) was raised to Market Perform from Underperform at BMO Capital Markets.

Host Hotels & Resorts Inc. (NYSE: HST) was raised to Market Outperform from Market Perform and its target was raised to $14 from $12 (versus an $11.49 prior close) at BMO Capital Markets.

Illumina Inc. (NASDAQ: ILMN) was downgraded to Neutral from Buy at Guggenheim.

Live Nation Entertainment Inc. (NYSE: LYV) was named as the Zacks Bear of the Day stock. The firm said that it transformed itself into a global titan of the live music world, but that’s a problem when there’s no live music. Shares last closed at $55.84 and have a consensus price target of $55.00.

Marriott International Inc. (NYSE: MAR) was raised to Market Perform from Underperform at BMO Capital Markets.

Micron Technology Inc. (NASDAQ: MU) was raised to Buy from Hold with a $60 price target at Deutsche Bank. Shares closed up 1.6% at $50.68 on Monday, with a $63.12 consensus price target.

NetApp Inc. (NASDAQ: NTAP) was upgraded to Equal Weight from Underweight at Morgan Stanley, which also raised its price target to $49 from $38.

Unity Software Inc. (NYSE: U) was down over 9% at $90.00 on Monday, and now its analysts have been freed up to cover the stock. Barclays started it as Equal Weight with a $97 target, and Stifel started it as Hold with an $80 price target.

Voyager Therapeutics Inc. (NASDAQ: VYGR) was trading lower by about 10% at $10.85 after a clinical hold was placed on its Huntington’s candidate. Wedbush Securities maintained its Outperform rating but lowered its price target to $19 from $24.

Walmart Inc. (NYSE: WMT) was named as the Bull of the Day at Zacks, which said that the company has shown off its growing e-commerce strength during this pandemic. Shares most recently closed at $144.25 and have a consensus price target of $147.36.

We have also seen six big upgrades of down-and-out turnaround stocks ahead of their coming earnings reports.

Goldman Sachs analysts have found a number of top stocks in the firm’s coverage universe that could be poised to come in with much better than expected third-quarter results. We picked five that offer growth investors some solid upside.

Monday’s top analyst upgrades and downgrades included Advanced Micro Devices, Apple, Caterpillar, DraftKings, Ford, Nvidia, PepsiCo, Snowflake and Twitter.

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