Investing

Top Analyst Upgrades and Downgrades: Akamai, Avaya, Canopy Growth, Corsair Gaming, Playtika, Virgin Galactic and More

Hain Celestial Group Inc. (NASDAQ: HAIN) was raised from Neutral to Overweight with a $50 price target at Piper Sandler. The consensus target is $42.83, and Tuesday’s closing price was $42.34. The shares were up almost 3% in the premarket after a solid earnings report.

Leggett & Platt Inc. (NYSE: LEG) was downgraded from Strong Buy to Outperform with a $48 price target at Raymond James. The consensus target price is $46.75. The last trade on Tuesday was reported at $43.03.

Lithia Motors Inc. (NYSE: LAD) was downgraded at Morgan Stanley from Equal Weight to Underweight with a $310 price target. That compares with a much higher consensus target of $368.40 and Tuesday’s closing price of $390.85.

Masco Corp. (NYSE: MAS) was downgraded from Buy to Hold with a $61 price objective at Loop Capital. The consensus target is $65.87, and Tuesday’s closing price was $56.29 a share.

Mesa Air Group Inc. (NASDAQ: MESA) was raised at Deutsche Bank from Hold to Buy with a $10 price target. The consensus target for the regional carrier is $7.00, and the shares were last seen Tuesday at $7.44.

Model N Inc. (NASDAQ: MODL) was upgraded to Neutral from Underweight at JPMorgan, which raised the price target to $40. BTIG Research upgraded the stock to Buy from Neutral with a $60 price target. The consensus target is $41.63. The closed at $40.73 on Tuesday. The shares were up a whopping 15% in premarket action on the heels of a strong earnings report.

Open Lending Corp. (NASDAQ: LPRO) was started with a Buy rating and a $50 target at Needham. The consensus target is $41.60, and the last trade for Tuesday came in at $40.74.

Playtika Holding Corp. (NASDAQ: PLTK) was started at Wedbush with an Outperform rating and a $42 target. Cowen also initiated coverage with an Outperform rating and a $42 price target. No consensus target was available as this was a recent very hot initial public offering. The stock rose over 6% on Tuesday to close at $34.28.

Qualys Inc. (NASDAQ: QLYS) was downgraded at Morgan Stanley from Equal Weight to Underweight with a $110 price target. The consensus target is $113.50, and shares close most recently at $129.78.

Skyworks Solutions Inc. (NASDAQ: SWKS) was named as the Bull of the Day at Zacks, which said that this company’s cutting-edge chip technology is critical for the ushering out of 5G devices, and this past quarterly report really illustrated the vitality of this enterprise. Shares most recently closed at $182.91 and have a consensus price target of $198.96.

Virgin Galactic Holdings Inc. (NYSE: SPCE) was downgraded to Neutral from Buy at UBS, which raised the target price to $52. The consensus target is $30.67. The stock closed on Tuesday at $56.72.

Jefferies favors three stocks in what it calls the digital gaming matrix. They are Buy rated at the firm and all make sense for aggressive growth investors looking to invest in this massive and fast-growing digital gaming and fantasy sports arena.

Note that short sellers bought into FAANG stocks Facebook, Amazon and Alphabet in the most recent period.

Tuesday’s early top analyst upgrades and downgrades included Bilibili, Constellation Brands, FedEx, Harley-Davidson, Matador Resources, Twilio and Yandex. Analyst calls seen later in the day were on Baidu, Chipotle Mexican Grill, Dollar General, Ford 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.