Investing

Top Analyst Upgrades and Downgrades: DraftKings, Kohl's, Mastercard, Texas Instruments, 3M, Ulta, Under Armour and More

Kohl’s Corp. (NYSE: KSS) was upgraded to Buy from Neutral at Citigroup, which raised the price target on the retailer to $56. The consensus target is just $37.60. The stock closed on Thursday at $45.16 per share.

Mastercard Inc. (NYSE: MA) was downgraded from Overweight to Sector Weight with a $345 price target at KeyBanc Capital Markets. The consensus target for the credit card behemoth is up at $378.83. The stock was last seen on Tuesday at $327.70.

News Corp. (NASDAQ: NWSA) was raised to Overweight from Neutral at JPMorgan, which has a $23 price target. That compares with the $17.94 consensus target and Tuesday’s $19.14 close.

Prologis Inc. (NYSE: PLD) was raised from In-line to Outperform with a $121 price objective at Evercore ISI. The consensus target is lower at $115.94. The shares were last seen on Tuesday at $106.05, after a one-day gain of over 3%.

Rockwell Automation Inc. (NYSE: ROK) was upgraded to Outperform from Neutral at Baird, and the price target was raised to $275. The consensus target is $252.05. The stock retreated over 16% on Tuesday to close at $244.45, despite posting better than expected earnings.

Texas Instruments Inc. (NYSE: TXN) was raised to Buy from Hold at Summit Insights. The venerable chip maker has traded in a 52-week range of $93.09 to $175.47, and it has a consensus price target of $165.74. The closing price on Tuesday was $171.47. Shares were down almost 3% in premarket action.

3M Co. (NYSE: MMM) was raised at JPMorgan from Neutral to Buy with a $205 price target. That compares to the $179.13 consensus target. The stock rose more than 3% on Tuesday and closed at $175.95.

Ulta Beauty Inc. (NASDAQ: ULTA) was downgraded to Neutral from Buy at Citigroup, which raised the price target to $320. The consensus target is $302.42, and the shares closed at $295.72 on Tuesday.

Under Armour Inc. (NYSE: UAA) was downgraded to Neutral from Buy at Citigroup, though it lifted the price target to $19. That compares with a lower $15.64 consensus target and Tuesday’s $18.51 close.

Wendy’s Co. (NYSE: WEN) was upgraded to Buy from Hold at Deutsche Bank, which also raised the price target on the fast-food giant to $25. The consensus target is right in line at $25.06. The last trade for Tuesday was reported at $21.07 a share.

Xerox Holdings Corp. (NYSE: XRX) was downgraded to Neutral from Outperform at Credit Suisse, which lowered the target price to $20. The consensus target is $17.80. The shares were last seen Tuesday at $21.07.

A market sell-off is probably coming, perhaps a fast and furious 10% or even 20% drop. Typically, sin stocks are able to hold their own when that happens, and BofA Securities has four that could be just the ticket for worried investors.

Tuesday’s early top analyst upgrades and downgrades included Activision Blizzard, Bank of America, Dollar General, DraftKings, Electronic Arts, Micron Technology and Microsoft. Analyst calls made later in the day featured Applied Materials, Apache, Bed Bath & Beyond, Palo Alto Networks and more.

Sponsored: Find a Qualified Financial Advisor:

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.