Investing

Top Analyst Upgrades and Downgrades: AT&T, Airbnb, Boeing, Chubb, C3.ai, DoorDash, Expedia, Goldman Sachs, McDonald's and More

DoorDash Inc. (NASDAQ: DASH) was the other sizzling IPO that joins the coverage party today:

  • BofA Securities with a Neutral rating and a $157 target
  • Goldman Sachs at Neutral with a $135 target price
  • William Blair with an Outperform rating
  • Needham with a Buy rating and another street-high target of $200
  • JPMorgan at Neutral with a $160 price target
  • JMP as a Market Outperform with a $185 price objective
  • Piper Sandler with a Neutral rating and a $150 target

The shares closed at $142.75 and were slightly lower in premarket action.

Expedia Group Inc. (NASDAQ: EXPE) was raised to Buy from Neutral at BofA Securities, which has a $153 price objective. That compares with the much lower $117.17 consensus target and last week’s final trade at $132.40.

Goldman Sachs Group Inc. (NYSE: GS) was raised to Overweight from Equal Weight at Barclays, which has a $362 price objective for the Wall Street powerhouse. The posted consensus target is $275.48. The shares closed at $263.71.

Humana Inc. (NYSE: HUM) was raised from Sector Perform to an Outperform rating with a $478 price target at RBC Capital Markets. The consensus target is $469.38. Shares closed at $410.27.

McDonald’s Corp. (NYSE: MCD) was started with a Neutral rating at Citigroup, which set a $230 price target for the fast-food giant. The consensus target is $241.92, and last week’s final print was $214.58.

Mimecast Ltd. (NASDAQ: MIME) was downgraded to Market Perform from Outperform at BMO Capital Markets, though the firm did raise the price target to $58. The consensus target is $54.56. The stock was last seen at $56.84.

Molson Coors Beverage Co. (NYSE: TAP) was raised from Hold to Buy a $57 price objective at Jefferies. The consensus target is $45.69. The shares were last seen at $45.19.

PubMatic Inc. (NASDAQ: PUBM) had the last of the four IPOs that blazed near the end of 2020 to receive coverage starting today:

  • Oppenheimer with an Outperform rating
  • RBC Capital Markets also with an Outperform rating, as well as a $34 price target
  • KeyBanc Capital Markets as Overweight with a $36 price objective
  • JMP Securities with an Outperform rating
  • Jefferies with a Buy rating and a street-high $38 target.

The stock closed last at $27.96, and shares were about 2% higher in the premarket.

Restaurant Brands International Inc. (NYSE: QSR) was started with a Buy rating and a $74 price objective at Citigroup. That compares with the $70.50 consensus target and the most recent close at $61.11.

Shopify Inc. (NYSE: SHOP) was named as the Bull of the Day at Zacks, which said that investors who missed out on the run last year shouldn’t be discouraged because the e-commerce age is just getting started. Shares most recently closed at $1,131.95 and have a consensus price target of $1,127.91.

Under Armour Inc. (NYSE: UAA) was raised to Buy from Hold at Pivotal Research Group, which also lifted the price target to $20. That compares with a consensus target of $14.37. The stock ended the week at $17.17.

Five top stocks from the Goldman Sachs Americas Conviction List for 2021 offer investors a degree of safety and total return potential, so they sense for long-term growth investors.

Gold and silver prices both rose sharply last year, but which of the two precious metals looks like a better investment going into 2021?

The top analyst upgrades and downgrades on New Year’s Eve included Activision Blizzard, Alphabet, ConocoPhillips, Dick’s Sporting Goods, Northern Oil and Gas, Shopify, Tesla and Weibo.