Investing

Top Analyst Upgrades and Downgrades: Adobe, Fastly, Fisker, Rocket Companies, Roku, Shopify, Target and More

Eaton Corp. PLC (NYSE: ETN) was raised at Morgan Stanley from Equal Weight to Overweight with a $155 price target. That compares with the lower $137.89 consensus and Tuesday’s $133.97 closing price.

Fastly Inc. (NYSE: FSLY) was resumed in coverage at Citigroup with a Sell rating and a $49 target. The consensus target is $85.40, and Tuesday’s $70.90 close followed a more than 8% retreat after the company announced a big convertible note offering.

Fisker Inc. (NYSE: FSR) was raised to Peer Perform from Underperform at Wolfe Research. Shares of the electric vehicle company have traded in a 52-week range of $8.70 to $31.96 and have a $25.33 consensus price objective. The final trade Tuesday hit the tape at $28.25, up over 3% on the day.

HubSpot Inc. (NASDAQ: HUBS) was resumed in coverage at Citigroup with a Buy rating and a $545 target. The consensus target is $559.63, and the stock closed Tuesday at $517.39.

Iridium Communications Inc. (NASDAQ: IRDM) was raised to Outperform from Market Perform at Raymond James, which has a $44 price target. The consensus target is $36.00. The last trade on Tuesday was recorded at $39.47, which was down almost 6% for the day. The shares rallied almost 3% in Wednesday’s premarket.

KeyCorp (NYSE: KEY) was downgraded from Overweight to Neutral with a $20.50 price target at Piper Sandler. The consensus target for the regional banking company is $19.76, and the stock closed on Tuesday at $20.65.

Oceaneering International Inc. (NYSE: OII) saw its price target raised to $14 from $11 at Cowen. The consensus target for the deepwater drilling engineering firm is $12.41. Tuesday’s last trade came in at $12.34.

Owens Corning (NYSE: OC) was downgraded to Sell from Buy at Goldman Sachs, which also lowered the price target to $76. The consensus target is up at $92, and Tuesday’s close was at $83.02 a share.

Prudential Inc. (NYSE: PRU) was downgraded to Neutral from Overweight at JPMorgan, which kept a $91 price target on the insurance and financial services giant. The lower consensus target is $85.27, and Tuesday’s last trade was at $89.02. With shares trading near the 52-week high, this could be a valuation call.

Rapid7 Inc. (NASDAQ: RPD) was raised to Overweight from Neutral at Piper Sandler, which also raised the price target to $100. The consensus target is just higher at $102.46. Shares close at $78.99 on Tuesday.