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Top Analyst Upgrades and Downgrades: Boeing, Citigroup, Cree, FuelCell, Lowe's, NextEra, Nio, Nvidia, Shopify, Sonos, Square, Target, Uber, Yelp and More

NextEra Energy Inc. (NYSE: NEE) was started with an Overweight rating and an $81 price target at Piper Sandler. The stock closed down 1% at $75.79 and has a $78.72 consensus target price.

Nio Ltd. (NYSE: NIO) was reiterated as Buy and its price target was raised to $50 from $34 (versus a $45.06 prior close) at Deutsche Bank. Shares have risen exponentially in 2020, and the consensus target price was just $24.28 ahead of this call.

Nvidia Corp. (NASDAQ: NVDA) closed up $0.26 at $537.15 ahead of earnings, and it was trading down almost 2% at $526.61 on profit-taking afterward. Wedbush Securities reiterated it as Outperform with a $600 price target. Mizuho reiterated its Buy rating and raised its target to $605 from $575. Raymond James reiterated its Outperform rating and raised its target from $550 to $600.

ODP Corp. (NASDAQ: ODP) was named as the Bull of the Day at Zacks, which said the office products giant Office Depot looks to be on the right road to post-pandemic recovery. Shares most recently closed at $29.43 and have a consensus price target of $27.67.

Portland General Electric Co. (NYSE: POR) was downgraded to Neutral from Buy with a $43 price target (versus a $42.41 close, after a 2.5% drop) at Mizuho.

RealReal Inc. (NASDAQ: REAL) was named as the Zacks Bear of the Day stock. The firm said consumers just are not looking for luxury consignment goods right now. Shares last closed at $13.21 and have a consensus price target of $17.63.

Shopify Inc. (NYSE: SHOP) was raised to Buy from Hold and its price target was raised to $1,250 from $1,150 (versus a $931.43 close) at Jefferies.

Sonos Inc. (NASDAQ: SONO) was down 0.3% at $17.09 ahead of earnings, but after beating estimates and raising guidance, its shares were up 20% at $20.50 on Thursday morning at almost an all-time high. RBC Capital Markets reiterated it as Outperform and raised its price target to $24 from $19. Morgan Stanley reiterated its Overweight rating and lifted its target to $30 from $20.

Square Inc. (NYSE: SQ) was reiterated as Buy and its price target was raised to $300 from $225 (versus a $185.54 close) at Mizuho. It had a $180.88 consensus target price, and its shares were indicated up 4% at $193.00 on Thursday morning.

State Street Corp. (NYSE: STT) was raised to Outperform from Market Perform and was given an $84 price target at Keefe Bruyette & Woods. Shares closed down almost 2% at $69.18 ahead of the call and have a $75.18 consensus target price.

Target Corp. (NYSE: TGT) closed up 2.3% at $166.85 after posting solid earnings. MKM Partners upgraded it to Neutral from Sell with a $156 target. Raymond James reiterated its Strong Buy rating and raised its target to $200 from $180.

TJX Companies Inc. (NYSE: TJX) was reiterated as Outperform and its price target was raised to $70 from $64 at RBC Capital Markets. The stock hit a new high of $65.14 on Wednesday after earnings.

T. Rowe Price Group Inc. (NASDAQ: TROW) was downgraded to Neutral from Buy at BofA Securities.

Uber Technologies Inc. (NYSE: UBER) was reiterated as Outperform and its target price was raised to $60 from $49 at Wedbush. It closed up 0.45% at $49.11 on Wednesday, with a $47.95 consensus target price.

Yelp Inc. (NYSE: YELP) was reiterated as Outperform and its target was raised to $34 from $29 at RBC Capital Markets. Shares closed up 3.1% at $30.89 on Wednesday and have a $28.35 consensus target price.

ZoomInfo Technologies Inc. (NASDAQ: ZI) was raised to Overweight from Equal Weight with a $53 target at Morgan Stanley. Shares closed down almost 3% at $39.59 on Wednesday and have a $53.93 consensus target price.

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Wednesday’s top analyst upgrades and downgrades included Baidu, BigCommerce, Boeing, Ciena, Deere, GoodRx, Kohl’s, ONEOK, Tesla and Walmart.