Investing

Wednesday's Top Analyst Upgrades and Downgrades: AMD, Canopy Growth, Cimarex Energy, Credit Suisse, Fastly, Lemonade, Mattel, ViacomCBS and More

Helix Energy Solutions Group Inc. (NYSE: HLX): The BofA Securities downgrade to Neutral from Buy came with the price target lowered to $5. The consensus target is $5.91, and the stock closed most recently at $4.19.

Lemonade Inc. (NASDAQ: LMND): Credit Suisse resumed coverage with an Underperform rating and a $56 price target. The consensus price objective is much higher at $92.29, and the last Tuesday trade was reported at $97.17.

Marsh & McLennan Companies Inc. (NYSE: MMC): Piper Sandler upgrades it to Overweight from Neutral and raised the price target to $145. That is way above the $128.21 consensus target. Tuesday’s final trade of $132.21 was up close to 4% for the day. The insurance and consulting giant posted stellar first-quarter results Tuesday.

Mattel Inc. (NASDAQ: MAT): This was selected as Bull of the Day at Zacks. The analyst suggested that it is not too late for investors to join this turnaround story. Shares closed most recently at $21.80 and have a consensus price target of $24.24.

Ralph Lauren Corp. (NYSE: RL): Cowen raised its Neutral rating to Outperform and hiked the target price to $152. The consensus target is just $125.91, below Tuesday’s close at $128.85 a share.

ViacomCBS Inc. (NASDAQ: VIAC): Citigroup upgraded the broadcast and programming giant to Buy from Hold but lowered the price target to $56. The $53.81 consensus target also is well above Tuesday’s last trade of $42.81.


Long-term growth and income investors sensing an overbought and very rich market can still buy some great total return vehicles in five analyst stock picks, as almost all the positive metrics that have driven solid growth remain in place.

Note that, even with short interest at a multiyear low overall, short sellers are still piling on Tesla and other EV makers, as well as tech giants Alphabet, Amazon, Apple and Microsoft.

Find out which analyst sees Airbnb getting a huge boost in the reopening trade.

Tuesday’s early top analyst upgrades and downgrades included Airbnb, Charles Schwab, DraftKings, JPMorgan, Splunk, Synaptics, Uber Technologies and United Parcel Service. Analyst calls seen later in the day were on Coinbase, Caesars, DoorDash, Lyft, Tesla and more.