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Top Analyst Upgrades and Downgrades: Airbnb, Chevron, Coupang, Freeport-McMoRan, Peloton, Snap, Wynn, Zillow and More

Allegion PLC (NYSE: ALLE) was upgraded to Overweight from Underweight at Barclays, which also raised the price target on the company to $150 from $107. That compares with a much lower Wall Street consensus target of $119.90 and Monday’s last trade of $130.03.

AllianceBernstein Holding L.P. (NYSE: AB) was downgraded to Market Perform from Outperform at Keefe Bruyette, which kept a $42 price target on the money manager. The consensus target is $39.71, and the stock closed Monday at $41.38.

Chesapeake Energy Corp. (NYSE: CHK) was started with an Outperform rating and a $58 price target at RBC Capital Markets. No consensus target was available, and the shares closed Monday at $44.66.

Chevron Inc. (NYSE: CVX) was downgraded to Neutral from Buy at Goldman Sachs, which lowered the price target on the integrated supermajor to $113 from $117. The posted consensus target is $118.82, and the shares ended Monday’s session at $104.51.

Coupang Inc. (NASDAQ: CPNG) was started at Credit Suisse with a Neutral rating and a $47 price target. JPMorgan also started it at Neutral but with a $48 price target. No consensus target was available as the company recently had an initial public offering. The last trade for Monday came in at $45.94, which was down almost 3% on the day.


Freeport-McMoRan Inc. (NYSE: FCX) was raised to Outperform from Market at Raymond James, which has a $41 price target for the mining giant. The consensus target is $36.98. The shares closed Monday at $35.36, up almost 5% for the day.

Kulicke & Soffa Industries Inc. (NASDAQ: KLIC) was named as the Bull of the Day at Zacks, which said that this small-arms dealer for chips breaks out to new highs as investors finally notice the value and growth. Shares most recently closed at $55.59 and have a consensus price target of $59.50.

Par Pacific Holdings Inc. (NYSE: PARR) was upgraded to Buy from Neutral at Goldman Sachs, which raised the price target slightly to $20 from $19. The consensus target is $18, and the stock closed trading on Monday at $14.80, after retreating almost 4% for the day.

Peloton Interactive Inc. (NASDAQ: PTON) was downgraded to In Line from Outperform at Evercore ISI, which drastically lowered the price target to $125 from $160. The consensus target is $161.35, and the last trade for Monday was reported at $109.09.