Cortexyme Inc. (NASDAQ: CRTX) was downgraded to Hold from Buy at Jefferies, which lowered the price target to $34. The much higher consensus target is $66.63. Tuesday’s closing price of $30.72 was down almost 36% after the company said it halted trials for its Alzheimer’s drug candidate.
Covetrus Inc. (NASDAQ: CVET) was started at Barclays with an Overweight rating and a $48 price target. The consensus target is just $27, and Tuesday’s closing price of $37.58 came after almost a 5% pullback on the day.
Cree Inc. (NASDAQ: CREE) was upgraded to Buy from Neutral at Citigroup, which raised the price target to $160. The consensus target is $101.17, and Tuesday’s $118.43 close came after an almost 4% retreat for the day. Shares rebounded almost 3% in premarket trading.
Facebook Inc. (NASDAQ: FB) was named as the Bull of the Day at Zacks, which ponders whether, with the lowest price-to-earnings ratio of the FAANG stocks, this is a value. Shares most recently closed at $273.97 and have a consensus price target of $337.38.
Fortive Corp. (NYSE: FTV) was downgraded at Morgan Stanley from Overweight to Equal Weight with a $75 price target. The consensus target is $76.53. The stock was last seen on Tuesday at $69.80.
IDEXX Laboratories Inc. (NASDAQ: IDXX) was started with an Overweight rating at Barclays with a $600 price target. That is versus the consensus target of $539. The shares were last seen Tuesday at $538.16.
Intuitive Surgical Inc. (NASDAQ: ISRG) was named as the Zacks Bear of the Day stock. The firm said that the COVID-19 pandemic is still hitting this medical technology company’s business. Shares last closed at $791.95 but have a consensus price target of $780.93.
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KAR Auction Services Inc. (NYSE: KAR) was downgraded from Neutral to Sell with an $11 price target at Guggenheim. The consensus target is $22.44. The stock closed Tuesday at $18.46, down almost 4% for the day, and the shares were pummeled in the premarket, down over 20%, after it posted a stinging quarterly loss.
Kornit Digital Ltd. (NASDAQ: KRNT) was upgraded to Buy from Neutral at Goldman Sachs, which raised the price target to $135. The consensus target is just $81.29. Tuesday’s final trade hit the tape at $97.49. Shares were up almost 13% in premarket trading after the company posted stellar results late Tuesday.
Mesa Air Group Inc. (NASDAQ: MESA) was upgraded to Buy from Underperform at BofA Securities, which raised the price target on the regional carrier to $15. That compares with a much lower $7.70 consensus and Tuesday’s $10.60 close, after almost a 7% gain for the day. The stock was up an additional 5% in the premarket as well.