Investing

Top Analyst Upgrades and Downgrades: Allstate, Bed Bath & Beyond, Simon Property, Spirit Airlines, Twitter, Under Armour and More

Aon PLC (NYSE: AON) was raised from Neutral to Overweight with a $265 price target at Atlantic Equities. The consensus target is lower at $228.69. The last trade for Wednesday came in at $223.22, up over 7% on a solid earnings report.

AppHarvest Inc. (NASDAQ: APPH) was started with an Outperform rating and a $42 price objective at Cowen. The consensus target is $40. The stock closed Wednesday at $36, down almost 6% on the day, but shares rallied almost 5% in the premarket.

Avient Corp. (NASDAQ: AVNT) was raised to Buy from Hold at Stifel, which has a $54 price target. The consensus target is $50.64. The stock closed on Wednesday at $42.05.

Bed, Bath & Beyond Inc. (NASDAQ: BBBY) was raised at BofA Securities from Hold to Buy with a $38 price target. The consensus target for the retailer is $28.96. The stock rose 7% on Wednesday to close at $29.02. Shares were up an additional 4% in the premarket. This is another of the heavily shorted stocks that the Reddit crowd has targeted.

Cerner Corp. (NASDAQ: CERN) was downgraded to Neutral from Buy at UBS. The stock has traded in a 52-week range of $53.08 to $84.20 and has a consensus price target of $79.55. The shares were last seen on Wednesday trading at $79.00.

CRISPR Therapeutics A.G. (NASDAQ: CRSP) was named as the Zacks Bear of the Day stock. The firm said that gene editors got a big boost recently from sickle cell potential and Cathie Wood’s thematic investing. Shares last closed at $160.20 and have a consensus price target of just $152.87.

Dine Brands Global Inc. (NYSE: DIN) was downgraded at Deutsche Bank from Buy to Hold with an $80 price objective. The consensus target is $83.22. The final trade for Wednesday came in at $78.02, after a 2% gain for the day.

Equitrans Midstream Corp. (NASDAQ: ETRN) was downgraded to Underweight from Equal Weight at Barclays, which lowered the price target to $7. The consensus target is higher at $10.42, and the stock closed Wednesday at $7.39 a share.

Ferrari N.V. (NYSE: RACE) was downgraded to Hold from Buy at HSBC Securities. The luxury car leader has traded in a 52-week range of $127.73 to $233.66 and has a $248.46 consensus price target. The shares closed trading on Wednesday at $207.15.

Helmerich & Payne Inc. (NYSE: HP) was downgraded to Neutral from Overweight at Piper Sandler, which lowered the price target to $24. The consensus target for the oil drilling company is $21.67. The last trade for Wednesday hit the tape at $28.20, up almost 9% after operating revenue topped Wall Street estimates.

Simon Property Group Inc. (NYSE: SPG) was upgraded to Overweight from Equal Weight at Morgan Stanley, which also raised the price target on the real estate leader to $125. The $99.88 consensus target also compares with Wednesday’s close at $106.22, which was up almost 4% on the day.