Noodles & Co. (NASDAQ: NDLS) was named as the Zacks Bear of the Day stock. The firm asks whether the restaurant recovery already is priced into the stocks. Shares last closed at $10.25 and have a consensus price target of just $11.40.
Plug Power Inc. (NASDAQ; PLUG) was downgraded to Underweight from Equal Weight at Barclays, which raised the price target to $29. The much higher $64.03 consensus still tops Monday’s closing print of $52.46, even after a more than 8% for the day.
Royal Bank of Canada (NYSE: RY) was downgraded at BofA Securities from Buy to Neutral with a $125 price target. The posted consensus target is $88.38. The stock ended Monday’s trading at $86.79.
TripAdvisor Inc. (NASDAQ: TRIP) was upgraded to Buy from Neutral at Citigroup, which raised the price target to $62. The consensus target is much lower at $35.06, The stock closed Monday at $49.35. The shares were up almost 6% in premarket trading
Viatris Inc. (NASDAQ: VTRS) was downgraded to Neutral from Overweight at JPMorgan, which lowered the price target to $18. The consensus target is $20.73, and Monday’s last trade came in at $14.72.
Zoom Video Communications Inc. (NYSE: ZM) was raised to Overweight from Neutral at Piper Sandler. The firm also raised the price target to $541. The consensus target is a much lower $466.10. The stock was last seen at $409.66 on Monday. The shares were up almost 8% in the premarket following stellar earnings.
Four BofA Securities value stock picks have solid upside potential, pay solid and dependable dividends, and had the lowest 12-month P/E ratios. They look like outstanding ideas now, in a very pricey market that could be ripe for a correction.
See why Cathie Wood’s fintech ETF has a profitable past and a bright future.
Monday’s early top analyst upgrades and downgrades included Apache, CME, Cree, On Semiconductor, Pioneer Natural Resources, Plug Power, Sony and Wayfair. Analyst calls seen later in the day were on Groupon, Sunrun, Twitter and more.
Sponsored: Find a Qualified Financial Advisor:
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.