Top Analyst Upgrades and Downgrades: Abbott Labs, Anheuser-Busch, Coinbase, CrowdStrike, GM, Hershey, Medtronic, UPS and More

Investing

April 15, 2021 9:01 am

Last Updated: April 19, 2021 10:56 am

BrightView Holdings Inc. (NYSE: BV): Baird downgraded the shares to Neutral from Outperform while raising the price target to $19 from $16. The consensus target is $17.43, and the stock closed Wednesday at $18.39 per share.

Cimarex Energy Co. (NYSE: XEC): Scotiabank upgraded it to Sector Outperform from Sector Perform and raised the price target to $75 from $65. The consensus target is set right in line at $75.15, and the stock closed Wednesday at $64.90.

Coinbase Global Inc. (NASDAQ: COIN): BTIG Research started the crypto brokerage firm with a Buy rating and a massive $500 price target. Wednesday was the first trading day for the direct-listed stock, and there is no established consensus target. The stock closed Wednesday at $328.28, up 31% from the reference pricing of $250 a share.

CrowdStrike Holdings Inc. (NASDAQ: CRWD): Deutsche Bank started the cybersecurity leader with a Buy rating and a $265 price target. The lower consensus target is $254.32, and Wednesday’s close was at $208.20 a share.

DigitalOcean Holdings Inc. (NYSE: DOCN): Oppenheimer started coverage with an Outperform rating and a $55 price target. There is no consensus as the company had a recent initial public offering. The shares ended trading on Wednesday at $43.47.

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General Motors Co. (NYSE: GM): This U.S. automaking giant was named as the Zacks Bear of the Day stock. The firm ponders whether GM’s tank has run out of gas. Shares last closed at $58.48 and have a consensus price target of $65.14.

Hershey Co. (NYSE: HSY): Goldman Sachs raised the chocolate giant to Buy from Neutral and lifted the price target to $181 from $171. The consensus target is $163.53. Wednesday’s final print was posted at $158.19.

Medtronic PLC (NYSE: MDT): Atlantic Equities started coverage with an Overweight rating and a $153 price target. The posted consensus target is $133.36, and the shares closed Wednesday at $123.90.

Murphy Oil Corp. (NYSE: MUR): Scotiabank upgraded it to Sector Outperform from Sector Perform and increased the price target to $20 from $16. The consensus target is $19.41, and Wednesday’s close was at $17.35.

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