Investing

Tuesday's Top Analyst Upgrades and Downgrades: Abbott Labs, Adobe, Coinbase, Dollar General, Medtronic, Palo Alto, Target and More

Canopy Growth Corp. (NASDAQ: CGC): MKM Partners upgraded the marijuana company’s stock to Buy from Neutral. The shares have traded in a 52-week range of $13.83 to $56.50. No consensus target was available. The stock ended trading on Monday at $22.68.

Coinbase Global Inc. (NASDAQ: COIN): JPMorgan started coverage of the cryptocurrency brokerage with an Overweight rating and a $371 price target. That compares with a higher $402.02 consensus target and Monday’s closing print of $225.30.

Constellation Brands Inc. (NYSE: STZ): Bernstein started the spirits leader with an Outperform rating and a $305 price target. The consensus target is just $258.25. The last Monday trade hit the tape at $236.48.

CyberArk Software Ltd. (NASDAQ: CYBR): Stifel stated coverage of the cybersecurity leader with a Buy rating and a $160 price target. The consensus price objective is up at $174.44, and the stock closed at $126.29 a share on Monday.

Delek US Holdings Inc. (NYSE: DK): Piper Sandler’s upgrade to Overweight from Neutral included a price target increase to $30. The consensus price objective is $25.86. The shares closed Monday at $20.94.

Dollar General Corp. (NYSE: DG): Telsey Advisory raised its price target on the discount retailer to $225 from $215 and kept an Outperform rating on the stock. The consensus target is $234.57, and the stock closed Monday at $197.15, which was down almost 4% on the day.


Domino’s Pizza Inc. (NYSE: DPZ): Goldman Sachs downgraded its Buy rating to Neutral and has a $450 price target. That compares with the lower $437.79 consensus and Monday’s closing print of $420.90.

OGE Energy Corp. (NYSE: OGE): Barclays upgraded the stock to Equal Weight from Underweight and raised the price target to $37. The consensus target is $36.11, and the final trade for Monday came in at $33.91 per share.

Medtronic PLC (NYSE: MDT): Barclays started coverage of the medical device company with an Equal Weight rating and a $145 price target. The consensus target is $135.11. The shares closed Monday at $128.10.

Palo Alto Networks Inc. (NASDAQ: PANW): Stifel resumed coverage of the cybersecurity giant with a Buy rating and a $455 price target. The consensus target is $444.87, and Monday’s closing trade was reported at $364.52.