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Top Analyst Upgrades and Downgrades: AMC, Bed Bath & Beyond, Halliburton, Moderna, Nikola, Stitch Fix, Virgin Galactic and More

Nikola Corp. (NASDAQ: NKLA) was upgraded to Neutral from Underperform at Wedbush, which raised the price target to $25. The consensus target for the electric vehicle company is $26.67. The stock was last seen on Friday trading at $23.09 a share.

Olin Corp. (NYSE: OLN) was raised at JPMorgan from Neutral to Overweight with a $30 price objective. The consensus objective is $25.73, and the shares ended Friday’s session at $23.91, down almost 5% on the day. The stock rebounding in the premarket by over 4%.

Phillips 66 (NYSE: PSX) saw its price target lowered at Cowen to $80 from $83. The firm kept its Outperform rating. The consensus price target is $79.35. Friday’s final trade came in at $67.80, down over 5% on the day.

Ralph Lauren Corp. (NYSE: RL) saw its target price raised to $112 from $82 at Needham, which maintained a Buy rating on the shares. The consensus price target is $113.47. The stock closed Friday at $101.05.

Rent-A-Center Inc. (NASDAQ: RCII) was raised from Sector Weight to Overweight with a $58 price target at KeyBanc Capital Markets. That compares with a $46.83 consensus target and Friday’s $43.30 closing print.

Stitch Fix Inc. (NASDAQ: SFIX) was downgraded at Stifel from Buy to Hold with an $83 price target. The much lower consensus target is $53.35. The shares were last seen on Friday at $95.44, down almost 5%.

Tapestry Inc. (NYSE: TPR) saw its price target raised to $37 from $26 at Needham, which kept a Buy rating on the stock. The consensus target is $33.90, and the final Friday trade was reported at $31.61. Shares were up almost 3% in the premarket.

Vericel Corp. (NASDAQ: VCEL) was named as the Bull of the Day at Zacks, which said that restoring cartilage in sports medicine and rebuilding skin after severe burns gave this stock big upside. Shares most recently closed at $41.27 and have a consensus price target of $43.76.

ViacomCBS Inc. (NASDAQ: VIAC) was downgraded to Neutral from Buy at Citigroup, though the analyst raised the price target on the broadcasting and programming giant to $49. That compares with the lower $34.99 consensus and Friday’s closing trade of $48.50, which was down almost 5% for the day.

Virgin Galactic Holdings Inc. (NASDAQ: SPCE) was downgraded at Morgan Stanley from Overweight to Equal Weight with a $30 price objective. The consensus objective is $30 as well. The shares closed Friday at $44.29 and were up over 8% in premarket action. This is yet another Reddit traders target stock, and it has been on fire.

Williams-Sonoma Inc. (NYSE: WSM) was downgraded from Neutral to Sell with a $110 price target at UBS. The consensus target for the retailer is $112.53. The stock ended Friday’s trading at $128.92, down almost 4%.


Four companies could be among the next stocks that the Reddit retail army goes after. Their stocks have solid Buy ratings at major Wall Street firms, and they could really take off with positive earnings news or any other catalyst that would spook the short sellers.

Friday’s early top analyst upgrades and downgrades included ADT, ADP, Baxter, Boeing, NRG Energy, Ralph Lauren, Skyworks Solutions, Stitch Fix and Western Digital. Analyst calls seen later in the day were on Biogen, Duke Energy, Ford, 3D Systems and more.

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