Investing

Wednesday's Top Analyst Upgrades and Downgrades: AMD, Boston Scientific, Intel, Kinder Morgan, Riot Blockchain, Virgin Galactic and More

Ball Corp. (NYSE: BLL): BMO Capital Markets downgraded the shares to Market Perform from Outperform and lowered the price target to $87. The posted consensus target is much higher at $106.40. Tuesday’s closing trade was reported at $85.87.

Boston Scientific Corp. (NYSE: BSX): Needham downgraded the medical devices company to Hold from Buy. The shares have traded in a 52-week range of $32.99 to $44.63 and have a consensus price target of $49.15. Tuesday’s last trade came in at $43.03.

Crown Holdings Inc. (NYSE: CCK): BMO Capital Markets downgraded it to Market Perform from Outperform and also lowered the price target to $110. The consensus target is up at $130, and Tuesday’s closing trade was at $108.08 a share.

Illinois Tool Works Inc. (NYSE: ITW): Barclays downgraded the shares to Underweight from Equal Weight and lowered the price target to $220. The consensus target is $244.25, and the stock was last seen Tuesday at $232.57.

Intel Corp. (NASDAQ: INTC): WestPark Capital started the legacy semiconductor leader with a Hold rating. The shares have traded in a 52-week range of $43.61 to $68.49 and have a consensus price target of $65.13. The stock closed on Tuesday at $56.87.

John Bean Technologies Corp. (NYSE: JBT): Baird’s upgrade to Outperform from Neutral comes with a $151 price target. The consensus target is $143.25, and the stock closed Tuesday at $128.01.

Kinder Morgan Inc. (NYSE: KMI): Morgan Stanley downgraded the energy giant to Underweight from Equal Weight and has an $18 price target. The consensus target is $17.67. The shares closed Tuesday at $18.54.


Nordstrom Inc. (NYSE: JWN): Telsey Advisory lowered the price target on the luxury apparel retailer to $36 from $44. The stock has traded in a 52-week range of $11.72 to $46.45 and has a $35.88 consensus price objective. It closed on Tuesday at $36.48. The shares were down almost 7% in the premarket after the company reported disappointing earnings.

ONEOK Inc. (NYSE: OKE): Morgan Stanley raised the shares to Equal Weight from Underweight and has a $55 price target. The consensus target is $52.05. The final Tuesday trade came in at $52.66.

Ovintiv Inc. (NYSE: OVV): JPMorgan’s upgrade to Overweight from Neutral included a $32 price target. The posted consensus target is lower at $29.84. The stock ended trading on Tuesday at $25.17.

Riot Blockchain Inc. (NASDAQ: RIOT): B. Riley Securities started coverage with a Buy rating and a $43 price target. The posted consensus target is at $44.50, and the stock closed Tuesday at $25.14.

Teck Resources Ltd. (NASDAQ: TECK): Deutsche Bank raised its Hold rating to Buy and raised the price target to $30. That compares with a $32.12 consensus figure and Tuesday’s final print of $22.30, which was down over 3% on the day.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.