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Thursday's Top Analysts Upgrades and Downgrades: Apple, eBay, General Dynamics, Goldman Sachs, Roku, Shopify, Spotify and More

Cree Inc. (NASDAQ: CREE): JPMorgan lowered its Neutral rating to Underweight and has a $108 price target. The consensus target is $118.54, and the stock ended Wednesday’s trading session at $112.73.

Discovery Inc. (NASDAQ: DISCA): Wells Fargo raised the stock of the cable giant to Overweight from Equal Weight and has a $59 price target. The consensus target is $47.45, and the stock ended trading at $37.49 on Wednesday.

eBay Inc. (NASDAQ: EBAY): Susquehanna downgraded the stock to Neutral from Positive and lowered the price target to $66 from $75. The consensus target is $70.80, and the stock closed Wednesday at $62.32. The shares were down almost 8% in the premarket, after posting disappointing earnings.

Energy Transfer L.P. (NYSE: ET): Mizuho started the pipeline giant at Buy with a $12 price target. The posted consensus target is $11.33, and the stock was last seen trading at $8.60.

Equity Residential (NYSE: EQR): Piper Sandler upgraded the real estate leader to Neutral from Underweight and also lifted the price target to $76 from $54. The consensus target is $68.79, and the shares closed trading on Wednesday at $73.63.

General Dynamics Corp. (NYSE: GD): Baird’s Neutral rating was raised to Outperform and the price target went to $243 from $180. The consensus price target is much lower at $182.33. Shares of the defense and aerospace giant closed on Wednesday at $185.26.


Goldman Sachs Group Inc. (NYSE: GS): This was selected as Bull of the Day at Zacks. The analyst said that this is a captain of high finance and the banking sector’s knight in shining armor. Shares closed most recently at $348.11 and have a consensus price target of $386.61 a share.

Marsh & McLennon Companies Inc. (NYSE: MMC): Goldman Sachs raised both its rating (to Neutral from Sell) and its price target (to $136 from $111) on the insurance and consulting firm. The consensus price objective is $132.43. The stock closed Wednesday at $134.01.

Matson Inc. (NYSE: MATX): Stephens downgraded it to Neutral from Overweight and has a $70 price target. The consensus price objective is up at $83.33, and the shares closed on Wednesday at $66.57.

Nutanix Inc. (NASDAQ: NTNX): Piper Sandler’s upgrade to Overweight from Neutral comes with a $37 price target. The consensus price objective $38.54. The last trade on Wednesday hit the tape at $27.32.