Investing
Top Analyst Upgrades and Downgrades: AMD, Adobe, Chevron, Chipotle, DuPont, Intel, Penn National Gaming and More
January 14, 2021 9:00 am
Last Updated: January 14, 2021 9:08 am
FuelCell Energy Inc. (NASDAQ: FCEL) was downgraded at JPMorgan from Neutral to Underweight with a $10 price target. That compares with a $9.20 consensus and the $19.14 closing print on Wednesday.
Golar LNG Partners L.P. (NASDAQ: GMLP) was downgraded to Hold from Buy at Stifel, which also dropped the price target to $3.55. The consensus target is $3.41. The stock actually closed up almost 23% on Wednesday to $3.42.
Hanesbrands Inc. (NYSE: HBI) was named as the Zacks Bear of the Day stock. The firm said that this essential apparel maker may not be able to pull itself out of a pandemic-induced slump. Shares last closed at $15.64 but have a consensus price target of $15.00.
Headhunter Group PLC (NASDAQ: HHR) was raised at BofA Securities from Underperform to Neutral with a $34.30 price objective. The consensus objective was last seen at $26.61. The final trade for Wednesday came in at $27.32.
Idex Corp. (NYSE: IEX) was downgraded to Market Perform from Outperform at Cowen, where the analysts actually raised the price target to $220. The posted consensus target is $203.54, and the stock was last seen on Wednesday at $202.92.
Intel Inc. (NASDAQ: INTC) was raised at Morgan Stanley from Equal Weight to Overweight with a $70 target. Atlantic Equities upgraded it to Neutral from Underweight with a $55 target, and BMO Capital Markets upgraded its Market Perform rating to Outperform and lifted the target to $70. Wall Street is applauding the fact that CEO Bob Swan, who many feel has done a very poor job, is stepping down next month and is being replaced with VMware’s Pat Gelsinger. The semiconductor giant has a $53.74 consensus target and closed Wednesday at $56.95 per share.
Old Dominion Freight Line Inc. (NASDAQ: ODFL) was upgraded at Stifel from Sell to Hold with a $194 target, and Goldman Sachs boosted it to Neutral from Sell and raised the firm’s target price to $214. The consensus target for the trucking and transport company is $206.31, and the last trade on Wednesday hit the tape at $200.96.
PPG Industries Inc. (NYSE: PPG) was raised from Hold to Buy with a $165 target at Berenberg. That compares with a $153.38 consensus target and Wednesday’s $152.01 close.
Penn National Gaming Inc. (NASDAQ: PENN) was downgraded to Sell from Hold at Loop Capital. The stock has been on fire, and over the past 52 weeks, it has traded between $3.75 and $106.80. The consensus price target is $80.87, but the stock closed way above that level Wednesday at $104.21.
Sempra Energy (NYSE: SRE) was raised at Wells Fargo from Equal Weight to Overweight with a $141 price target. The consensus target is up at $144.53, and shares were last seen on Wednesday at $121.15.
SITE Centers Corp. (NASDAQ: SITC) was upgraded to Overweight from Neutral at Piper Sandler, which raised the target price on the stock to $13. The consensus target is lower at $10.69, and the shares closed Wednesday at $10.69.
VMware Inc. (NYSE: VMW) was downgraded to Market Perform from Outperform at BMO Capital Markets, which also dropped its target price to $148. That compares with a $173.20 consensus target and a Wednesday closing print of $133.20.
Wednesday’s top analyst upgrades and downgrades included AbbVie, Albertsons, DuPont, Exxon Mobil, Home Depot, KB Home, Mastercard, Palantir and Twitter.
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