Investing
Top Analyst Upgrades and Downgrades: AIG, CrowdStrike, Datadog, Devon Energy, eGain, Lyft, Moderna, Occidental, Peloton, Yelp and More
November 11, 2020 8:56 am
Last Updated: November 11, 2020 9:13 am
Eaton Corp. (NYSE: ETN) was raised to Buy from Neutral with a $135 price objective at BofA Securities.
eGain Corp. (NASDAQ: EGAN) was up 2.5% at $16.94 ahead of earnings but was last seen trading down over 23% at $12.95 after the report. Needham maintained its Buy rating but cut its price target to $15 from $16.
Lyft Inc. (NASDAQ: LYFT) was down 4.3% at $36.05 on Tuesday ahead of earnings, but after beating revenue expectations it was indicated up more than 5% at $37.90 on Wednesday. Morgan Stanley reiterated it as Equal Weight but raised its price target to $34 from $31.
Moderna Inc. (NASDAQ: MRNA) was reiterated as Overweight and its price target was raised to $100 from $90 at Morgan Stanley. The stock closed down over 2% at $76.05 on Tuesday, and it has a $94.46 consensus price target.
Occidental Petroleum Corp. (NYSE: OXY) was downgraded to Underweight from Neutral with a $13 price target at JPMorgan. The shares closed up 1.2% at $12.38 on Tuesday and have a $12.16 consensus target price. The stock is up over 20% just this week.
Opthea Ltd. (NASDAQ: OPT) was started with a Buy rating and a $25 price target at Truist Securities. SVB Leerink started it as Outperform with a $33 price target.
Peloton Interactive Inc. (NASDAQ: PTON) was maintained as Buy but its price target was lowered to $145 from $155 at Rosenblatt. The stock closed up 5.2% at $105.21 on Tuesday, with a $132.29 consensus price target, but this it is still down from over $125 last week.
Pentair PLC (NYSE: PNR) was downgraded to Underperform from Buy at BofA Securities. Shares closed up 1.8% at $53.78 and had a $56.47 consensus target price ahead of the call.
State Street Corp. (NYSE: STT) was raised to Buy from Hold with an $80 target price (versus a $70.05 prior close) at Deutsche Bank.
Tapestry Inc. (NYSE: TPR) was raised to Outperform from Market Perform with a $30 price target at Cowen. The stock closed up 4.3% at $26.00 on Tuesday, with a $27.02 consensus target price.
Trip.com Group Ltd. (NASDAQ: TCOM) was raised to Outperform from Neutral with a $42 price target at Credit Suisse. The stock closed down 1.2% at $36.13 ahead of the call and has a $31.81 consensus target price.
Voyager Therapeutics Inc. (NASDAQ: VYGR) closed down over 23% at $8.60 a share on Tuesday. Oppenheimer downgraded it to Perform from Outperform.
Yelp Inc. (NYSE: YELP) was upgraded to Outperform from In-Line and its target price was raised to $37 from $30 at Evercore ISI. The stock closed up 0.5% at $28.71 a share on Tuesday, with a $27.29 consensus target price, and it was indicated up 2.4% at $29.40 on Wednesday morning.
Goldman Sachs has five clean energy stocks that should surge under a Biden administration.
Tuesday’s top analyst upgrades and downgrades included AbbVie, Beyond Meat, Biogen, Eli Lilly, Levi Strauss, Nvidia, Pfizer, Plug Power, Raytheon, Square and Wayfair.
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