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Top Analyst Upgrades and Downgrades: Barrick Gold, DraftKings, Hyatt, Nasdaq, Nikola, Occidental, Penn National, Shopify, Valero, Workday and More

Shake Shack Inc. (NYSE: SHAK) was downgraded to Neutral from Outperform at Wedbush. The closing price of $78.40 is above its $77 price target. The shares also had a $69.31 consensus target price.

Shopify Inc. (NYSE: SHOP) was reiterated as Outperform with a $1,300 price target at Wedbush. Shares closed up 3.8% at $966.77 on Thursday, with a $1,123.55 consensus price target.

SM Energy Co. (NYSE: SM) was raised to Buy from Hold with a $5 target price (versus a $3.43 close) at Stifel Nicolaus. The stock was indicated up 3.5% at $3.55 on Friday and has a $4.02 consensus target price.

Spirit Aerosystems Holdings Inc. (NYSE: SPR) was raised to Buy from Hold with a $40 target price at Canaccord Genuity. It had a $27.16 consensus target price.

T-Mobile US Inc. (NASDAQ: TMUS) was reiterated as Outperform and its price target was raised to $140 from $121 at Raymond James. The stock closed up 1% at $129.19 ahead of the call, and it has a $147.65 consensus price target.

Trane Technologies PLC (NYSE: TT) was downgraded to Neutral from Buy with a $154 price target at Goldman Sachs. Shares closed up 1.6% at $146.79 and have a $140.94 consensus target price.

Uber Technologies Inc. (NYSE: UBER) was reiterated as Buy and its price target was raised to $60 from $50 at Needham.

United Rentals Inc. (NYSE: URI) was raised to Buy from Neutral with a $275 price objective at BofA Securities.

Valero Energy Corp. (NYSE: VLO) was reiterated as Outperform and its price target was raised to $69 from $55 (versus a $51.21 close) at Raymond James. It had a $58.56 consensus price target.

Vulcan Materials Co. (NYSE: VMC) was downgraded to Neutral from Buy with a $155 price target at Goldman Sachs. The stock closed down 0.5% at $140.11 ahead of the call, and it has a $153.84 consensus target price.

Williams-Sonoma Inc. (NYSE: WSM) was reiterated as Outperform and its price target was raised to $130 from $115 at Wedbush.

Workday Inc. (NASDAQ: WDAY) closed up 3.2% at $230.80 a share ahead of earnings, and while it initially traded up, it was down 3.6% at $222.40 on Friday morning’s post-earnings reaction. Piper Sandler reiterated its Overweight rating and raised its price target to $285 from $275.

WPX Energy Inc. (NYSE: WPX) was downgraded to Hold from Buy at Stifel.


Truist Securities has a positive note out on the homebuilders. The firm has upgraded D.R. Horton Inc. (NYSE: DHI), PulteGroup Inc. (NYSE: PHM) and Toll Brothers Inc. (NYSE: TOL) with 30% to 40% upside to its 12-month targets. The firm believes that the millennial-driven housing boom has significant momentum and opportunity as the generation enters into the prime years for buying a home.

Raymond James has five mortgage REITs with Buy ratings that are among its top picks now. The sector has been hit hard over the past year, and with most distributions having been trimmed. The firm’s view is that there is now some solid value for income investors looking for dependable distributions.

Thursday’s top analyst upgrades and downgrades included Boeing, Citigroup, Cree, FuelCell Energy, Lowe’s Companies, NextEra Energy, Nio, Nvidia, Shopify, Sonos, Square, Target, Uber and Yelp.

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