Top Analyst Upgrades and Downgrades: American Eagle, BigCommerce, Canopy Growth, Energizer, Foot Locker, McAfee, Snap, Square and More

Investing

February 24, 2021 8:46 am

Last Updated: February 25, 2021 7:59 am

Snap Inc. (NYSE: SNAP) saw its target price raised to $95 from $81.50 at Pivotal Research Group. The analysts felt that the company’s recent first analyst day as a public company was a resounding success. The consensus price target for the social media company is down at $63.24. The stock closed Tuesday’s trading at $70.45, after rising more than 11% on the day.

Square Inc. (NYSE: SQ) was downgraded at Wells Fargo from Overweight to Equal Weight with a $255 price target. The consensus target is $237.37, and the Tuesday close at $256.59 came after almost a 5% retreat for the day.

Trip.com Group Ltd. (NASDAQ: TCOM) was started with an Outperform rating and a $51 price target at Bernstein. The posted consensus target is $37.80. The last Tuesday trade was seen at $40.91, up almost 3% on the day.

Virtu Financial Inc. (NASDAQ: VIRT) was named as the Bull of the Day at Zacks, which said that this is a highly esteemed high-frequency market maker, which handles roughly 25% of the swelling retail investing market’s volume. Shares most recently closed at $27.11 and have a consensus price target of $29.70.

W.R. Berkley Corp. (NYSE: WRB) was raised at UBS from Neutral to Buy with an $80 price target. That compares with a lower $68.11 consensus target and Tuesday’s $69.13 per share close.

Webster Financial Corp. (NYSE: WBS) was downgraded from Overweight to Neutral with a $54 price target at Piper Sandler. The consensus target is $55.45. The last trade Tuesday was reported at $55.20. This looks like a valuation call, as the stock is right at a 52-week high.

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Tuesday’s early top analyst upgrades and downgrades included Advance Auto Parts, Dish Network, Intuit, Kroger, Palo Alto Networks, Qorvo, Starbucks and Texas Instruments. Analyst calls seen later in the day were on Exxon, Kohl’s, MGM, Spotify and more.

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