Top Analyst Upgrades and Downgrades: Airbnb, Discovery, DoorDash, Hewlett Packard Enterprise, Intel, Snap, Spotify and More

Hewlett Packard Enterprise Co. (NYSE: HPE) was upgraded at JPMorgan to Overweight from Neutral, while the target price rose to $16. The consensus price target is $12.79, and Thursday’s closing trade came in at $12.48.

Intel Corp. (NASDAQ: INTC) was raised from Sell to Buy with a $62 price objective at DZ Bank. The consensus objective is $56.56. Thursday’s final trade for the chip giant came in at $59.25, up over 4% on the day.

Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) was downgraded to Underperform from Neutral at BofA Securities, which dropped the price target to $27. That is much lower than the $53.26 consensus target. Thursday’s closing share price was $29.24.

Ralph Lauren Corp. (NYSE: RL) was upgraded at RBC Capital Markets from Sector Perform to Outperform, and the price target was raised to $138. The $103.24 consensus target compares with a Thursday close of $111.47 per share.

Raymond James Financial Inc. (NYSE: RJF) was upgraded at Wells Fargo from Underweight to Overweight with a $120 price target. The consensus target is $106.17. The shares were last seen on Thursday at $102.70.

Snap Inc. (NYSE: SNAP) was raised to Buy from Neutral at MoffettNathanson, which also lifted the price target to $57. The consensus target is $46.00. The last trade on Thursday was reported at $49.03, after retreating 8% on the day.

Sonic Automotive Inc. (NYSE: SAH) was raised at JPMorgan from Neutral to Overweight with a $55 price target. The consensus target is set at $51.14. The stock closed Thursday at $46.41, up over 7% on the day.

Spotify Technology S.A. (NYSE: SPOT) was downgraded to Sell from Neutral at Citigroup. The shares have traded in a huge 52-week range of $109.18 to $370.95 and have a consensus price target of $283.94. The stock closed Thursday at $342.27 and was lower in premarket trading.

Stifel Financial Corp. (NYSE: SF) was raised to Equal Weight from Underweight at Wells Fargo, where the analysts have posted a $56 price target. The consensus target for the brokerage firm is $51.83. The final Thursday trade hit the tape at $51.68 a share.

Four fintech stocks

are not only recommended by the UBS team now for exposure to one of the fastest-growing industries globally, but they look like solid ideas for 2021 and for years to come.

Four engineering and construction companies could see a big boost from the incoming president’s huge infrastructure spending plan. Moreover, four suppliers look poised to benefit from huge capital spending at Taiwan Semiconductor Manufacturing Co. (NYSE: TSM).

Thursday morning’s top analyst upgrades and downgrades included Advanced Micro Devices, Adobe, Chevron, Chipotle Mexican Grill, DuPont, Intel and Penn National Gaming. Analyst calls seen later in the day were on General Motors, Nordstrom, Shopify and more.

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