Investing

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

Texas Capital Bancshares Inc. (NASDAQ: TCBI): Truist Securities upgraded the stock to Buy from Hold and also raised the price target to $85 from $73. The consensus target is $73.88, and the stock ended Monday’s trading session at $69.14.

Tilray Inc. (NASDAQ: TLRY): Cowen resumed coverage of the cannabis company with an Outperform rating and a $20 price target. The posted consensus target is $19.89, and the shares closed Monday down over 7% to $15.04. The stock was down an additional 7% in premarket action.

Trade Desk Inc. (NASDAQ: TTD): Though Truist Securities upgraded it to Buy from Hold, the firm also lowered the price target on the digital media giant to $620 from $880. The consensus target it $792.89, and Monday’s close was at $489.60, after a stunning 26% drop for the day. The company posted solid results and declared a 10-for-1 stock split, but forward guidance disappointed.

Tyson Foods Inc. (NYSE: TSN): Piper Sandler both downgraded the shares to Neutral from Overweight and raised the price target to $79 from $77. The consensus target is $82.10, and the stock closed Monday at $78.82.

United States Steel Corp. (NYSE: X): Morgan Stanley raised the venerable steel giant to Overweight from Equal Weight, and it also boosted the price target to $32 from $24. The consensus target is $23.37, and the stock was last seen Monday at $27.45.

Wynn Resorts Ltd. (NASDAQ: WYNN): Citigroup raised its Sell rating on the high-end casino stock to Neutral, and it also hiked the price target to $126 from $112. That compares with the $122.31 consensus target and Monday’s last print of $125.73.


With dependable dividends and long histories of market dominance, four BofA Securities stock picks make good sense for growth and income investors looking to add energy, despite this week’s surprise hack of a vital oil pipeline.

In addition, have a closer look at expectations for entertainment company Live Nation and self-driving technology maker TuSimple.

Monday’s early top analyst upgrades and downgrades included Alphabet, AppLovin, Facebook, Intel, Live Nation, Oracle, Pinterest, Smith & Wesson and SolarEdge. Analyst calls seen later in the day were on At Home, Beyond Meat, Lyft, Raytheon and more.

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