T. Rowe Price Group Inc. (NASDAQ: TROW) was downgraded to Neutral from Outperform at Credit Suisse, though the firm raised the price target on the investment giant to $181. The consensus target is $176.62, and the shares were last seen Monday at $176.97.
Texas Capital Bancshares Inc. (NASDAQ: TCBI) was raised from Market Perform to Outperform with an $86 price target at Keefe Bruyette. That compares with the lower $76.04 consensus target and Monday’s closing print of $69, which was down almost 11%. Some on Wall Street blamed the drop on a major shareholder lowering its position significantly.
Toyota Motor Corp. (NYSE: TM) was started with a Buy rating at Citigroup. The auto giant has traded in a 52-week range of $113.98 to $163.37 and has a consensus target of $182.67. The stock closed Monday’s trading session at $154.90.
ViacomCBS Inc. (NASDAQ: VIAC) was raised at Credit Suisse from Underperform to Neutral with a $46 price target. The consensus target is $56.75, and the stock closed Monday at $45.01.
Vital Farms Inc. (NASDAQ: VITL) was started with a Buy rating and a $28 price target at D.A. Davidson. The consensus target is $32.17, and shares retreated over 6% on Monday to close at $19.77.
Yelp Inc. (NASDAQ: YELP) was upgraded to Buy from Neutral at Citigroup, which also raised the price target to $46. The posted consensus target is $37.20, and the stock was last seen on Monday at $37.19, down almost 4% for the day.
When one of the biggest and most populated states decides it is time to legalize marijuana, it is also time for investors to look at the top stocks in the industry again. Many of them have backed up substantially and offer outstanding entry points.
Monday’s early top analyst upgrades and downgrades included Array Technologies, Baidu, Credit Suisse, Facebook, Franklin Resources, Twitter and ViacomCBS. Analyst calls seen later in the day were on Co-Diagnostics, DocuSign, Dow, Nomura, Sea and more.