Top Analyst Upgrades and Downgrades: AutoNation, Coinbase, First Solar, Ford, Okta, Pioneer Natural Resources, Planet Fitness and More

Pioneer Natural Resources Co. (NYSE: PXD): This independent oil and gas exploration and production company was selected as Bull of the Day at Zacks. The analyst makes the case that oil companies are still dirt cheap. Shares last closed at $147.10 and have a consensus price target of $192.63.

Planet Fitness Inc. (NASDAQ: PLNT): Piper Sandler downgraded it from Overweight to Neutral with an $87 price target. The consensus target is $84.77. Wednesday’s close was at $86.59 a share. As it is trading just below the 52-week high, this looks like a valuation call.

Qualtrics International Inc. (NYSE: XM): Piper Sandler raised the shares to Overweight from Neutral and has a $49 price target. The consensus price objective is $46.73. The last trade for Wednesday hit the tape at $33.82. Shares were up almost 16% in premarket action, after the company reported record revenue and an earnings beat.

Ready Capital Corp. (NYSE: RC): Keefe Bruyette raised the shares from Market Perform to Outperform with a $15.50 price target. The consensus price objective is $15.79, and the stock was last seen at $14.08 on Wednesday.

Shoals Technologies Group Inc. (NASDAQ: SHLS): The Barclays downgrade to Equal Weight from Overweight included the price target lowered to $35 from $49. The consensus target for the solar parts company is $42.30. The stock closed Wednesday at $33.91, after gaining almost 7% for the day.

Viatris Inc. (NASDAQ: VTRS): This was named as the Zacks Bear of the Day stock. The firm points out that this newly created health care leader disappointed on full-year guidance. Shares last closed at $13.30 and have a consensus price target of $20.07.

Goldman Sachs says that now is the time to buy shares of three top online gambling and sports betting stocks ahead of upcoming earnings reports, as they are great long-term ideas for growth stock investors with a higher risk tolerance.

Furthermore, see what Deutsche Bank found to love in BP and other European oil giants, and which analyst has a contrarian take on Netflix after earnings.

Wednesday’s early top analyst upgrades and downgrades included AutoZone, Coinbase, CSX, Freeport-McMoRan, Intuitive Surgical, Morgan Stanley, Netflix and Oracle. Analyst calls seen later in the day were on BP, Conagra Brands, Mattel, PepsiCo, UnitedHealth and more.