Investing

Top Analyst Upgrades and Downgrades: Aflac, Commercial Metals, ConocoPhillips, Nio, Occidental, Royal Dutch Shell, Target, Wells Fargo and more

908 Devices Inc. (NASDAQ: MASS) was started with an Outperform rating at Cowen. The company had a red-hot IPO back in December, and its shares have traded between $43.25 and $74 since then. The stock was last seen on Monday at $56.63, after a gain of over 7%.

Nio Ltd. (NYSE: NIO) was downgraded to Neutral from Buy at Citigroup, where the analysts actually raised the price target on the electric vehicle company to $68.30. It has just a $46.21 consensus price objective. The shares were last seen at $62.70, after rising over 6% on Monday.

Occidental Petroleum Corp. (NYSE: OXY) was raised to Buy from Neutral at Mizuho, which also moved the target price to $26. The consensus target is just $16.88. The last trade on Monday was reported at $20.08.

ODP Corp. (NYSE: ODP) was raised at JPMorgan from Underweight to Neutral with a $40 price target. The parent company of Office Depot has received a $2.1 billion buyout offer from Staples. The consensus target is $35. The stock closed Monday at $44.14, up almost 20% on the news.

Oshkosh Corp. (NYSE: OSK) was raised to Outperform from Neutral at Credit Suisse, which also boosted the target to $117. The lower $95.63 consensus target is above the $92.71 close on Monday.

Plug Power Inc. (NASDAQ: PLUG) was started with a Buy rating and a $60 price target at Truist Securities. The consensus target is much lower at $39.11. The last trade on Monday came in at $53.97. The shares were up over 13% in premarket action

Royal Dutch Shell PLC (NYSE: RDS-A) was started in coverage with a Buy rating and a $51 price target at Mizuho. The consensus target for the integrated energy leader is $45.77. The stock closed Monday at $40.26.

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) was raised from Market Perform to Outperform with a $149 price objective at Bernstein. The consensus target is $98.45. The shares were last seen on Monday at $122.60.

Target Corp. (NYSE: TGT) was named as the Bull of the Day at Zacks, which pointed out that the retail behemoth has surged to new records to start 2021. Shares most recently closed at $195.28 and have a consensus price target of $184.69.

Wells Fargo & Co. (NYSE: WFC) was raised to Buy from Neutral at UBS. The bank stock has traded in a 52-week range of $20.76 to $50.74, and it has a $35.15 consensus price target. The last trade on Monday hit the tape at $33.24.


BofA Securities has made some big changes to its US 1 list of top stock recommendations. Five new stocks on the list could be great additions to long-term growth portfolios.

Monday morning’s top analyst upgrades and downgrades included Airbnb, Archer Daniels Midland, ContextLogic, CrowdStrike, Datadog, Exxon Mobile, Kinder Morgan, Salesforce.com and Walgreens Boots Alliance. Analyst calls made later in the day included American Airlines, Bank of America, Nio, Palantir and more.