Investing

Tuesday's Top Analyst Upgrades and Downgrades: Activision, Coinbase, Devon Energy, DuPont, Grubhub, Nike, Shopify, Tilray and More

Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer started the cryptocurrency trading exchange with an Outperform rating and a massive $434 price target. The consensus target is even higher at $452.38, and the stock ended Monday at $293.45, after a one-day gain of over 11%. The stock retreated almost 6% in Tuesday’s premarket.

Devon Energy Corp. (NYSE: DVN): This was selected as Bull of the Day at Zacks. The analyst suggested that bulls are fueling up on this energy play. Shares closed most recently at $26.03 and have a consensus price target of $31.50.

DuPont de Nemours Inc. (NYSE: DD): Goldman Sachs raised the venerable chemical leader to Buy from Neutral and has a $102 price target. The much lower consensus target is $87.58, and Monday’s closing print was $81.68.

Eastman Chemical Co. (NYSE: EMN): Goldman Sachs raised its Neutral rating to Buy with a $148 price target. The consensus target is $125.26. The final trade for Monday was reported at $124.88.

Elanco Animal Health Inc. (NASDAQ: ELAN): The Barclays upgrade to Equal Weight from Underweight included a price target hike to $29 from $25. The consensus target is up at $33.80. The stock was last seen on Monday at $32.24.

Grubhub Inc. (NYSE: GRUB): Exane BNP Paribas raised its Underperform rating to Neutral and has a $66 price target. The consensus target is $68.89, and Monday’s final trade was at $64.85.

Mesa Air Group Inc. (NASDAQ: MESA): Deutsche Bank raised the stock to Buy from Hold and has a $15 price target. The consensus target for the regional carrier is $13.80. The stock closed at $10.90 a share on Monday.


Nike Inc. (NYSE: NKE): Jefferies upgraded the athletic shoe and apparel giant to Buy from Hold and raised the price target to $192 from $140. The consensus target is $163.41. Monday’s final trade hit the tape at $136.40 per share.

Real Real Inc. (NASDAQ: REAL): BTIG Research downgraded it to Neutral from Buy. The shares of the second-hand online clothing and accessory retailer have traded in a 52-week range of $11.43 to $30.22 and have a consensus price objective of $30.46. They ended trading Monday down almost 11% to $20.31, after it posted a first-quarter loss. The stock was down another 15% in premarket trading.

ResMed Inc. (NYSE: RMD): Citigroup raised the shares to Buy from Neutral. The stock has traded in a 52-week range of $149.16 to $224.43 and has a $211.40 consensus price objective. The last trade for Monday was reported at $193.21.

Shopify Inc. (NYSE: SHOP): Loop Capital raised it from Hold to Buy with a $1,400 price target. The consensus target is $1484.74, and the shares closed on Monday at $1,080.24.