Investing

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

Pioneer Natural Resources Co. (NYSE: PXD) was downgraded to Neutral from Overweight at JPMorgan, which maintained a $177 price target on the Permian Basin energy leader. The consensus target is up at $190.47, and Monday’s closing price of $152.18 came after a pullback of almost 7% after the company announced yet another large shale deal.

Snap Inc. (NYSE: SNAP) was raised to Overweight from Neutral at Atlantic Equities, which has a $75 target for the popular social media stock. The consensus target is $74.03, but the stock closed Monday at $54.11.

Trade Desk Inc. (NYSE: TTD) was started with an Outperform rating and a $770 price target at Evercore ISI. The consensus target for the digital media leader is up at $848.06. The last trade on Monday came in at $653.18.

Vishay Intertechnology Inc. (NYSE: VSH) was raised to Buy from Hold at Loop Capital, which has a $30 price target. The consensus price objective is $23.40, and the stock closed Monday at $25.51.

Wynn Resorts Ltd. (NASDAQ: WYNN) was raised at Argus from Hold to Buy with a $160 price target. The consensus target is $119.92, and the final trade on Monday was at $131.07.

Yandex N.V. (NASDAQ: YNDX) was started with a Buy rating and an $81 price target at New Street. The consensus price objective is $75.26, and the shares closed Monday at $64.74.

Yelp Inc. (NYSE: YELP) was downgraded to In Line from Outperform at Evercore ISI, which has a $41 price target. The consensus target is $38.27. The last trade to hit the tape Monday was reported at $42.04. As it is trading near the 52-week high, this could be a valuation call.

Zillow Group Inc. (NASDAQ: ZG) was started with an Outperform rating and a $179 price target at Evercore ISI. The consensus target for the online digital real estate giant is higher at $205.36. The final trade for Monday was reported at $137.21.

The stock market is extremely pricey, and a BofA Securities strategist has made the case that conservative growth and income investors now need to focus on secure dividend stocks.

See which two new stocks Goldman Sachs suggests investors buy pronto.

Monday’s early top analyst upgrades and downgrades included AMC Entertainment, Caesars Entertainment, Ford, Harley-Davidson, JetBlue Airways, Microsoft, Palo Alto Networks, Spotify and Tesla. Analyst calls seen later in the day were on Charles Schwab, Chesapeake Energy, Citigroup and more.

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