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Top Analyst Upgrades and Downgrades: Ally Financial, Callaway Golf, Infinera, Lithia Motors, Microsoft, Nike, SolarWinds, Tapestry, Walmart and More

Infosys Ltd. (NYSE: INFY) was started Buy and was added to the Goldman Sachs Conviction List. The shares have traded in a 52-week range of $6.76 to $16.22, and they have a consensus price objective of $17.16. The last trade on Friday was reported at $16.22.

Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) was downgraded from Buy to Hold with a $30 target at Jefferies. The consensus is up at $56.39, and Friday’s closing price was $28.33, after retreating almost 7% on the day. Numerous class-action lawsuits have been filed against the company.

Lithia Motors Inc. (NYSE: LAD) was started with a Neutral rating and a $312 price objective at Goldman Sachs. That compares with a $319.50 consensus target and Friday’s close at $284.37.

Magnite Inc. (NASDAQ: MGNI) was raised to Buy with a $30 price target at Needham. The stock is being hailed as one of the firm’s top picks for 2021. That consensus price target is $19.63, which compares to the final print Friday of $23.25. Shares were up almost 4% in the premarket.

Microsoft Corp. (NASDAQ: MSFT) was upgraded to Buy from Neutral at Citigroup, where the analysts also raised the firm’s target price to $272. Wall Street has a $240.26 target, and the final trade on Friday was posted at $218.59.

Nike Inc. (NYSE: NKE) saw its target price at Telsey Advisory Group raised to $175. The firm cited yet another strong quarter from the apparel and shoe giant. The $149.01 consensus price objective compares with Friday’s close at $137.28. Shares were 4% higher in premarket trading.

Ozon Holdings PLC (NASDAQ: OZON) was started as a Buy with a $53 target price at Goldman Sachs. The consensus target is $20.40, and Friday’s final print was $45. Despite the initiation, shares were down almost 4% in the premarket.

SLM Corp. (NASDAQ: SLM) was started with a Sector Perform rating and a $14 price objective at RBC Capital Markets. The consensus target is $12.27, and shares closed Friday at $12.10 apiece.

SolarWinds Corp. (NYSE: SWI) was downgraded to Neutral from Outperform at Baird, which also lowered the price target to $15. The consensus target is $23.62, and $14.81 was Friday’s closing price.

Sterling Construction Co. Inc. (NASDAQ: STRL) was named as the Bull of the Day at Zacks, which said that this construction name is looking at rising earnings estimates and has some solid earnings momentum on its side. Shares most recently closed at $19.99 and have a consensus price target of $22.00.

Tapestry Inc. (NYSE: TPR) was downgraded from Buy to Hold with a $31 price objective at HSBC Securities. The consensus target is $29.29. The shares were last seen trading at $28.86.

Walmart Inc. (NYSE: WMT) was upgraded to Buy from Sector Perform at RBC Capital Markets, which also raised the price target on the retail behemoth to $170. The consensus target is $161.75. The last trade on Friday hit the tape at $145.95.

Weingarten Realty Investors (NYSE: WRI) was raised from Underweight to Neutral with a $24 price target at JPMorgan. The consensus target is $22.41, and Friday’s close was at $21.81. Shares traded down almost 3% in the premarket.

Westlake Chemical Corp. (NYSE: WLK) was raised from Neutral to Overweight with a $92 price objective at JPMorgan. The consensus objective is $73.89, and Friday’s closing price was $81.66 a share.


A new Stifel research report includes the firm’s biotech stock picks for 2021. Five of them have huge upside to the posted price targets.

Friday’s top analyst upgrades and downgrades included Airbnb, Aurora Cannabis, DoorDash, Dow, FedEx, Kohl’s, Macy’s, Oracle, Palantir and ViacomCBS.