Investing
Wednesday's Top Analyst Upgrades and Downgrades: Ford, Netflix, Nordstrom, Salesforce, UBS, Walmart, Wells Fargo and More
May 19, 2021 8:47 am
Last Updated: May 19, 2021 8:50 am
Ferrari N.V. (NYSE: RACE): Redburn downgraded the venerable luxury car and racing giant to Neutral from Buy. The shares have traded in a 52-week range of $157.82 to $233.66 and have a $231.99 consensus price target. The stock closed trading on Tuesday at $203.58.
Ford Motor Co. (NYSE: F): Tudor Pickering started the legacy automaker with a Buy rating and a $17 price target. The consensus target is lower at $13.19, and the shares closed Tuesday at $12.14.
IQIYI Inc. (NYSE: IQ): Though CLSA raised its Underperform rating to Outperform, it also lowered the price target to $16. The consensus price objective is up at $24.17, and the shares ended Tuesday’s trading session at $13.95.
Genesco Inc. (NYSE: GCO): Pivotal Research Group raised the $57 price target to $65. The lower consensus target is $54.75, and Tuesday’s closing price of $54.72 followed a retreat of over 5% for the day.
Netflix Inc. (NASDAQ: NFLX): Jefferies resumed coverage of the streaming entertainment giant with a Buy rating and a $620 price target. The consensus is $614.67, and the stock closed Tuesday at $486.28.
Nordstrom Inc. (NYSE: JWN): Telsey Advisory raised its $38 price target on the luxury retailer to $44 but kept a Market Perform rating on the shares. The consensus target is $35.35, and the stock closed Tuesday at $41.98 per share.
Overstock.com Inc. (NASDAQ: OSTK): Credit Suisse resumed coverage with an Outperform rating and a $105 price target. The consensus target is higher at $120. The stock was last seen trading on Tuesday at $76.97, after a gain of almost 5% on the day. Shares retreated close to 4% in the premarket.
Qualtrics International Inc. (NASDAQ: XM): The BofA Securities upgraded to Buy from Neutral included a price target hike to $45. The consensus target is $47.38, and Tuesday’s final print was at $32.28.
QuickLogic Corp. (NASDAQ: QUIK): Roth Capital not only upgraded it to Buy from Neutral but also raised the target price to $8. The posted consensus target is $7, and the shares closed Tuesday at $6.14.
Ross Stores Inc. (NASDAQ: ROST): Northcoast raised its Neutral rating on the popular discount retailer to Buy and has a $147 price target. The consensus target is just $133.89, and Tuesday’s last trade was at $124.81.
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