Investing

Top Analyst Upgrades and Downgrades: Beyond Meat, Broadcom, Dow, Morgan Stanley, Plug Power, TripAdvisor, Zoom Video and More

Bank of Nova Scotia (NYSE: BNS) was raised to Sector Outperform from Neutral at CIBC, which also raised the price target to $86. The consensus target is set lower at $71.51. The final Monday trade hit the tape at $59.74.

Beyond Meat Inc. (NYSE: BYND) was raised to Buy from Neutral at Citigroup. The stock has traded in a wide 52-week range of $48.18 to $221, and it has a consensus price target of $122.88. The shares closed above that level at $147.10 on Monday.

Broadcom Inc. (NASDAQ; AVGO) saw its price target raised to $470 from $415 at Cowen, where the analyst’s checks show continued iPhone unit upside despite industry speculation of potential cuts. The consensus target is higher at $481.03. The last trade on Monday came in at $489.58, up over 4% on the day.

Cryoport Inc. (NASDAQ: CYRX) was resumed in coverage at Needham with a Buy rating and a $73 price target. The lower consensus target is $65, and Monday’s close of $62.49 was up over 5% for the day.

Dow Inc. (NYSE: DOW) was raised to Overweight from Equal Weight at Wells Fargo, which has a $77 price target for the chemical giant. The consensus target is $57.59, and Monday’s closing print was $51.54, which was up almost 4% on the day.

Extra Space Storage Inc. (NYSE: EXR) was raised to Outperform from Market Perform at BMO Capital Markets, which raised the price target to $145. The consensus target is $128.77. The last trade for Monday was reported at $123.79 a share.


FibroGen Inc. (NASDAQ: FGEN) was downgraded to Hold from Buy at Jefferies, which also lowered the price target to $45. The consensus target is much higher at $62.33. The stock closed Monday at $50.53, but shares were down a stunning 24% in premarket trading after the company posted very disappointing results.

Golar LNG Ltd. (NASDAQ: GLNG) was resumed in coverage at Citigroup with a $13 price target. The consensus target is up at $18.81. The stock closed Monday at $11.60, up almost 3% on the day.

Inseego Corp. (NASDAQ: INSG) was downgraded at Stifel from Buy to Hold with a $12 price target. The consensus target is $14.45. The shares closed at $15.03 but were down a massive 15% in the premarket in the wake of lower than expected earnings results.

Morgan Stanley (NYSE: MS) was raised to Outperform from Neutral at Daiwa Securities with an $86 price target. The consensus target for the investment giant is $83.80. The last trade for Monday came in at $79.16, after a 3% gain for the day.