Investing

Top Analyst Upgrades and Downgrades: Airbnb, Charles Schwab, Energy Transfer, JetBlue, Snap, Southwest Air, SunPower and More

Charles Schwab Corp. (NYSE: SCHW) was raised to Peer Perform from Underperform at Wolfe Research, which has a $67 price target for the venerable discount broker. The consensus target is $64.96. The shares were last seen on Friday at $61.91.

Consolidated Edison Inc. (NYSE: ED) was downgraded to Underperform from Neutral at Credit Suisse, which also lowered the price target on the utility to $65. The consensus target of $72.21  and Friday’s last trade at $68.18 were both higher.

Cree Inc. (NASDAQ: CREE) was upgraded to Outperform from Market Perform at Cowen, which raised the price target to $150. The consensus target is just $105.79. The closing share price on Friday was $125.86, after almost an 8% gain for the day.

Cronos Group Inc. (NASDAQ: CRON) was downgraded to Neutral from Sector Outperform at CIBC, which raised the price target on the marijuana company to $12.50. No consensus target was available. The shares rose almost 5% on Friday to close at $12.30.

Energy Transfer L.P. (NYSE: ET) was raised from Neutral to Overweight with a $9 price objective at Piper Sandler. The consensus target is $10.47, and the stock closed Friday at $7.00 a share.


Lightspeed POS Inc. (NASDAQ: LSPD) was upgraded to Outperform from Sector Perform at RBC Capital Markets, which raised the price target to $120. No consensus target was available. The stock closed Friday’s trading at $77.50, up over 5% for the day.

JetBlue Airways Corp. (NASDAQ: JBLU) was raised from Hold to Buy with a $21 price target at Deutsche Bank. That compares with a consensus target of $15.70. Friday’s last trade came in at $17.39.

Marathon Petroleum Corp. (NYSE: MPC) was raised at Morgan Stanley from Neutral to Overweight with a $67 price target. The consensus target for the oil giant is a much lower $52.93. The most recent close was at $53.00 a share.

Phillips 66 (NYSE: PSX) was downgraded at JPMorgan from Overweight to Neutral with a $65 target. The consensus target is $80.94. The most recent close was at $82.31, up almost 4% on the day.

Snap Inc. (NYSE: SNAP) was raised at Morgan Stanley from Equal Weight to Overweight with an $80 price target. The consensus target for the social media company is $61.87. The close on Friday was at $65.52, up over 4% for the day.

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