Investing

Top Analysts Upgrades and Downgrades: Darden, Foot Locker, Gap, Kellogg, Moderna, Philip Morris, Prologis, Rockwell, Texas Roadhouse and More

Kellogg Co. (NYSE: K) was downgraded to Neutral from Outperform at Credit Suisse, which also lowered the price target on the cereal and food giant to $68. That is just below the consensus target of $70.68. That last trade on Friday was seen at $65.01.

Leslie’s Inc. (NASDAQ: LESL) was started with a Neutral rating and a $20 price target at Goldman Sachs. Jefferies started it with a Buy rating and a $26 target, while Piper Sandler has an Overweight rating and a $26 target. No consensus target has been set as the company had a recent IPO. The last trade on Friday was reported at $22.

Manpower Group Inc. (NYSE: MAN) was raised to Outperform from Market Perform at BMO Capital Markets, where the price target was lifted to $100. That compares with a much lower consensus target of $79.91 and Friday’s final print at $86.61.

Moderna Inc. (NASDAQ: MRNA) was started with an Equal Weight rating and a $92 price target at Wells Fargo. The consensus target is much higher at $107.07, and Friday’s closing price was $97.61. Shares closed up over 5% on Friday, and traded up 4% in premarket action on more positive COVID-19 vaccine news.

Philip Morris International Inc. (NYSE: PM) was downgraded to Neutral from Buy at UBS, which also dropped the price target to $80. The consensus target is $91.13, and shares closed Friday at $76.73.

Prologis Inc. (NYSE: PLD) was downgraded to Sector Weight from Outperform at KeyBanc Capital Markets. The stock has traded in a 52-week range of $59.82 to $112.37, and the consensus price objective is $114.25. The shares were last seen at $100.27.

Rockwell Automation Inc. (NYSE: ROK) was raised to Overweight from Equal Weight at Morgan Stanley, which also raised the price target to $288. The consensus target is $243.32. The final trade on Friday hit the tape at $247.63.

Root Inc. (NASDAQ: ROOT) was started with a Neutral rating and a $20 price objective at Goldman Sachs. This was another recent IPO, so no consensus price target has been established. The shares closed trading on Friday at $19.00 apiece.

Sunstone Hotel Investors Inc. (NYSE: SHO) was downgraded to Hold from Buy at Jefferies, but the firm did raise the price target to $12. The consensus target is $9.65. The last trade Friday came in at $10.33, after retreating over 4%.

Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Outperform from Neutral at Baird, and the price target was lifted to $84. The consensus target is $74.09. The shares were last seen trading at $73.91.

True Blue Inc. (NYSE: TBI) was raised to Outperform from Market Perform at BMO Capital Markets, where the price target was lifted to $24. The consensus target is $17.60, and the shares closed Friday at $17.63.


Friday’s top analyst upgrades and downgrades included Barrick Gold, DraftKings, Hyatt Hotels, Nikola, Occidental Petroleum, Penn National Gaming, Shopify, T-Mobile, Uber, Valero Energy and Workday.