Investing

Top Analyst Upgrades and Downgrades: Coca-Cola, Credit Suisse, JPMorgan, McDonald's, Tesla, 3M, Wells Fargo and More

Kratos Defense and Security Solutions Inc. (NASDAQ: KTOS) was downgraded at Jefferies from Buy to Hold with a $27 price target. That compares to a $25.80 consensus target. Wednesday’s closing price was $26.69.

McDonald’s Corp. (NYSE: MCD) was raised from Perform to Outperform with a $240 price objective at Oppenheimer. The slightly higher consensus target is $241.67, and Wednesday’s close was at $211 a share.

Mosaic Co. (NYSE: MOS) was raised at JPMorgan from Neutral to Overweight with a $32 price target. The consensus target is $24.62, and shares were last seen on Wednesday at $26.05, after a gain of over 6% on the day. They were following through nicely in the premarket, up an additional 4%.

Royal Caribbean Group Ltd. (NYSE: RCL) was named as the Zacks Bear of the Day stock. The firm said that some of 2020’s dogs have been lifted to inequitable levels, and who would want to be left holding the bag? Shares last closed at $72.20 but have a consensus price target of $68.33.

Teladoc Health Inc. (NYSE: TDOC) was started with a Buy rating and a $240 price objective at BTIG Research. The consensus price objective is $242.78. The shares were last seen on Wednesday at $204.15.

Tesla Inc. (NASDAQ: TSLA) was upgraded to Sector Perform from Underperform at RBC Capital Markets, which also lifted the price target on the electric vehicle giant to $700. Note that the consensus target price is only $438.83 and the most recent close was at $755.98 a share. The shares were up yet again, almost 3%, in the premarket.

3M Co. (NYSE: MMM) was downgraded at BofA Securities from Neutral to Underperform with a $170 price target. The posted consensus target is $179.44. The last trade for Wednesday came in at $174.19.

U.S. Bancorp Inc. (NYSE: USB) was raised to Buy from Hold at Jefferies, which also boosted the price target to $38. That compares with a $50.55 consensus target and Wednesday’s $49.01 close.

Wells Fargo & Co. (NYSE: WFC) was also raised to Buy from Hold at Jefferies, with a $38 price objective. The $34.10 consensus target compares with a Wednesday closing trade of $32.69.

Wendy’s Co. (NYSE: WEN) was downgraded to Perform from Outperform at Oppenheimer, even though the analyst remains upbeat toward a continuation of strong fundamentals the company has shown. The shares have traded between $6.82 and $24.91 over the past 52 weeks and closed Wednesday at $21.54.

Weyerhaeuser Corp. (NYSE: WY) was named as the Bull of the Day at Zacks, which said that this stock is positioned to continue surging with lumber prices and the recovery of the economy. Shares most recently closed at $33.29 and have a consensus price target of $34.33.

Raymond James analysts are very positive on three top cybersecurity stocks, as corporate spending is expected to increase in the space.

Note that mining and metals stocks have been hitting new 52-week highs.

Wednesday morning’s top analyst upgrades and downgrades included Accenture, Barrick Gold, Beyond Meat, Capital One, Coca-Cola, Hershey, Kellogg, Mastercard, Wingstop and Winnebago. Analyst calls made later in the day included Citigroup, Goldman Sachs, JPMorgan, Tesla and more.