Investing

Tuesday's Top Analyst Upgrades and Downgrades: Alphabet, Bank of America, Boeing, Coinbase, Dollar General, Kroger, McDonald's and More

Kroger Co. (NYSE: KR): Along with downgrading the stock to Sell from Neutral, Goldman Sachs also lowered the price target to $31. The consensus target for the supermarket giant is $35.96, and the stock closed above both levels Monday at $37.38.

McDonald’s Corp. (NYSE: MCD): Telsey Advisory raised the price target on the fast-food behemoth to $260 from $250 and also reiterated the firm’s Outperform rating. The consensus target is $255.82, and the stock closed on Monday at $235.56.

Nutanix Inc. (NASDAQ: NTNX): JPMorgan upgraded it to Overweight from Neutral and lifted the price target to $38. The consensus target is in line at $38.54, and the stock was last seen Monday at $26.54.

ON Semiconductor Corp. (NYSE: ON): Baird both upgraded it to Outperform from Neutral and also raised the price target to $48. The consensus target is $42.74, and the final Monday trade came in at $ 37.57, which was down almost 4% for the day.

Quest Diagnostics Inc. (NYSE: DGX): UBS raised the stock to Buy from Neutral and has a $158 price target. The consensus target is $142.07, and Monday’s last trade was at $132.71.

Shoals Technologies Group Inc. (NASDAQ: SHLS): Cowen lowered its $40 price target to $31. The consensus price target $40.90, but the shares were last seen on Monday at $31.17.

SolarEdge Technologies Inc. (NASDAQ: SEDG): Cowen reiterated its Outperform rating on the shares but lowered the price target to $333 from $347. The consensus target is $307.94, and Mondays’ closing print was $260.06.

Travelzoo (NASDAQ: TZOO): Zacks selected this as its Bear of the Day stock, saying that this travel stock is still feeling the pain of COVID-19. Shares last closed at $16.82, and the consensus price target is $21.00.


Walt Disney and two other outstanding stocks were added to the BofA Securities US 1 list of top recommendations, and with their shares backing up some recently, the current entry points are attractive now.

Check out the top holdings at ARK Invest and at the Bill and Melinda Gates Foundation.

Monday’s early top analyst upgrades and downgrades included Baker Hughes, Carvana, Chewy, DraftKings, Halliburton, Raytheon Technologies and Tenet Healthcare. Analyst calls seen later in the day were on Alphabet, Costco, FedEx, UPS and more.