Investing

Wednesday's Top Analyst Upgrades and Downgrades: Clorox, Conoco, Exxon, Kraft Heinz, Nvidia, Under Armour and More

ConocoPhillips (NYSE: COP): BofA Securities raised the integrated energy giant to Buy from Neutral and has a $67 price target. The consensus target is $65.07, and Tuesday’s final trade came in at $52.57. Shares were up over 2% in Wednesday’s premarket.

Esperion Therapeutics Inc. (NASDAQ: ESPR): Stifel downgraded the stock to Hold from Buy and lowered the price target to $20. The consensus target is $65.55. The stock closed Tuesday at $25.59, down 4% on the day. The shares were destroyed in the premarket, down an additional 30%, after the company reported a first-quarter loss and badly missed revenue estimates.

Exxon Mobil Corp. (NYSE: XOM): DZ Bank raised the energy behemoth from Hold to Buy with a $67 price target. The consensus price objective is $62.92, and the shares were last seen on Tuesday at $59.19.

Ferrari N.V. (NYSE: RACE): Societe Generale’s downgrade of the legendary luxury and racecar company to Hold from Buy included the price target lowered to $231. The consensus target is $238.72, and the stock closed Tuesday trading at $202.98.

Kraft Heinz Co. (NYSE: KHC): DZ Bank lowered its Buy rating on the condiment and food giant to Hold and has a $44 price target. The consensus target is $42.01, and Tuesday’s last trade was at $42.36. As it is trading at a 52-week high after a solid run, this is likely a valuation call.

Mercury Systems Inc. (NASDAQ: MRCY): Canaccord Genuity not only downgraded the shares to Hold from Buy but also lowered the price target to $74. The consensus target is much higher at $98, and the stock closed Tuesday at $79.21, which was down over 7% on the day. The stock was pummeled in premarket action, down an additional 18%, despite an earnings beat.

Meritor Inc. (NYSE: MTOR): RBC Capital Markets upgraded the stock to Outperform from Sector Perform and has a $31 price target. The consensus target is $33, and Tuesday’s last trade came in at $26.01.

Mid Penn Bancorp Inc. (NASDAQ: MPB): Piper Sandler raised its rating on the bank to Overweight from Neutral and also boosted the price target to $30. That compares with a lower $27.67 consensus pierce objective and Tuesday’s final print of $27.03.


Nova Measuring Instruments Ltd. (NASDAQ: NVMI): Stifel upgraded it to Buy from Hold and also lifted the price target to $103. The posted consensus price target is $99.17, and the stock closed trading on Tuesday at $89.62, which was down almost 4% for the day.

Nvidia Corp. (NASDAQ: NVDA): Baird started the semiconductor leader with an Outperform rating and a massive $800 price target. That compares with the much lower $666.10 consensus figure and Tuesday’s close of $574.00 per share.

Oceaneering International Inc. (NYSE: OII): BofA Securities upgraded it to Buy from Neutral and has a $15 price target. The consensus target is $13.77, and the shares closed Tuesday at $11.77.

Pool Corp. (NASDAQ: POOL): Zacks named this as the Bull of the Day. The firm said that the focus on the home isn’t going away in 2021, as this pool maker saw a record first quarter. Shares most recently closed at $431.15 and have a consensus price target of $441.71.