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Top Analysts Upgrades and Downgrades: Chubb, Hyatt, Intuit, MercadoLibre, Pioneer Natural Resources, Sinclair, Skyworks, T-Mobile, Teladoc, ZoomInfo and More
December 22, 2020 9:05 am
Last Updated: December 22, 2020 9:12 am
Lightspeed POS Inc. (NYSE: LSPD) was started with an Overweight rating and a $42 price objective at Cantor Fitzgerald. A consensus target was not available, and the final trade Monday was posted at $60.92.
MercadoLibre Inc. (NASDAQ: MELI) was raised to Buy from Hold at Santander. The 52-week trading range for the South America–based online commerce giant is $422.22 to $1727.97, and the consensus price target is $1420.73. Monday’s final trade was reported at $1697.89.
Pioneer Natural Resources Co. (NYSE: PXD) was raised from Hold to Buy with a $135 price target at Truist Securities. That compares with a $131.61 consensus target and Monday’s close at $110.89.
Real Real Inc. (NASDAQ: REAL) was started at Baird with an Outperform rating and a $23 price target. The consensus target is $17.96. The last trade hit the tape at $19.55 on Monday, and shares were up almost 4% in Tuesday’s premarket.
Rent-A-Center Inc. (NASDAQ: RCII) was raised from Hold to Buy with a $50 price objective at Loop Capital. The consensus target is $39.50, and Monday’s closing trade was $39.24.
Sinclair Broadcast Group Inc. (NASDAQ: SBGI) was resumed in coverage at Deutsche Bank, which as a Hold rating and a $30 price target. The consensus target is $23.25. The final Monday trade came in at $27.80.
Skyworks Inc. (NASDAQ: SWKS) saw its target price raised at Cowen to $185 from $169. That compares to a $160.08 consensus target and Monday’s $147.71 closing print.
Steel Dynamics Inc. (NYSE: STLD) was named as the Bull of the Day at Zacks, which said that the recent pullback in this hot sector is a steal. Shares most recently closed at $36.95 and have a consensus price target of $38.45.
T-Mobile US Inc. (NASDAQ: TMUS) was raised to Outperform from Market Perform with a $140 price target at Oppenheimer. The consensus target is $150.65. The stock closed most recently at $130.22.
Teladoc Health Inc. (NASDAQ: TDOC) was started with an In-line rating at Evercore ISI, which also has a $215 price objective. The consensus target is up at $243.85. Monday’s close was $199.75 a share.
UTZ Brands Inc. (NYSE: UTZ) was started at Goldman Sachs with a Neutral rating and a $22 price target. The consensus target is $22.25. The final trade Monday came in at $21.74.
Vista Outdoor Inc. (NYSE: VSTO) was raised from Market Perform to Outperform with a price target increase to $33 at Cowen. The consensus target is $30.57. Shares traded up over 5% in the premarket.
ZoomInfo Technologies Inc. (NYSE: ZI) was started with an Overweight rating and a $60 price target at Stephens. That compares with a $54.67 consensus target and Monday’s $44.20 close.
Five top semiconductor companies not only have a long history of success and innovation, but their stocks still offer a reasonable upside to the Goldman Sachs 2021 price targets.
Monday’s top analyst upgrades and downgrades included Ally Financial, Callaway Golf, Infinera, Lithia Motors, Microsoft, Nike, SolarWinds, Tapestry and Walmart.
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