Investing

Friday's Top Analyst Upgrades and Downgrades: Conoco, Darden Restaurants, General Dynamics, Peloton, Roku, Tilray, Wayfair and More

Brinker International Inc. (NYSE: EAT): JPMorgan upgraded the parent of the popular Chili’s restaurant chain to Overweight from Neutral and has a $78 price target. The consensus target of $77.83 is in line, and Thursday’s close was at $63.46 a share.

ConocoPhillips (NYSE: COP): Raymond James raised the integrated energy giant to Strong Buy from Outperform, and it has an $85 price target. The consensus target is a much lower $65.96. Thursday’s final print came in at $55.70.

Darden Restaurants Inc. (NYSE: DRI): Zacks named this as its Bull of the Day. The analyst said that the shares hit new highs in late March and a return to top-line growth appears to be just around the corner, boosted by the economic reopening, the vaccine and pent-up demand. The stock most recently closed at $141.75 and has a consensus price target of $156.84.

Datadog Inc. (NASDAQ: DDOD): Monness Crespi & Hardt raised its price target to $103 from $100, while also raising revenue estimates, after the company posted strong results after the close. The consensus target is higher at $118.93. The stock closed Thursday at $71.38, down over 7% on the day. The stock was back up nearly 7% in Friday’s premarket.

Discovery Inc. (NASDAQ: DISCA): Barclays upgraded the stock to Equal Weight from Underweight and also raised the price target to $35. The consensus target is higher at $43.85, and the final trade on Thursday was at $36.25.

General Dynamics Corp. (NYSE: GD): Argus raised the aerospace and defense giant to Buy from Hold and has a $225 price target. The consensus target is just $193.41. The shares closed on Thursday at $192.68.


Grubhub Inc. (NYSE: GRUB): Zacks selected this as its Bear of the Day stock and said that, given the backdrop and the upcoming merger, investors might want to stay away from this one. Shares last closed at $64.25, and the consensus price target is $68.89.

Peloton Interactive Inc. (NASDAQ: PTON): Telsey Advisory lowered its price target to $120 from $150. The consensus target is $158.67. The shares were pummeled after the company made a full recall of the exercise machines after reports of a death and injuries. The stock closed Thursday at $83.78. Shares rebounded almost 5% in the premarket.

Roku Inc. (NASDAQ: ROKU): Pivotal Research Group lowered the price target on the shares to $350 from $400. The compares with the much higher $469.35 consensus. Thursday’s last trade was at $284.18, which was down almost 7% for the day. Shares were up almost 9% in the premarket.

Shift4 Payments Inc. (NYSE: FOUR): Wolfe Research raised its rating to Outperform from Peer Perform. The shares have traded in a wide 52-week range of $30 to $104.11 and have a $98.91 consensus price objective. The stock was hammered Thursday, closing down almost 12% to $84.15 after posting surprising disappointing earnings.