Investing

Wednesday's Top Analyst Upgrades and Downgrades: Alphabet, Canopy Growth, Cinemark, Facebook, IMAX, Microsoft, Salesforce and More

Canopy Growth Corp. (NYSE: CGC): Canaccord Genuity raised the marijuana stock to Neutral from Sell. The shares have traded in a wide 52-week range of $13.83 to $56.50. No consensus price target was available. The stock ended trading on Tuesday at $24.28, after pulling back almost 7% for the day.

Cinemark Holdings Inc. (NYSE: CNK): Goldman Sachs downgraded it to Sell from Neutral and lowered the price target to $19 from $21. The consensus target is $24.82. The stock closed Tuesday at $24.41, which was up almost 8% on the day.

Coca-Cola Europacific Partners PLC (NYSE: CCEP): JPMorgan upgraded the stock to Overweight from Neutral and raised the price target to $70. A consensus price objective was unavailable. The shares closed Tuesday at $60.66.

Cutera Inc. (NASDAQ: CUTR): Cantor Fitzgerald started coverage with an Overweight rating and a $55 price target. That compares with the $39 consensus target and Tuesday’s closing trade of $40.86, which was up almost 7% for the day.

Dick’s Sporting Goods Inc. (NYSE: DKS): Zacks named this retailer as its Bull of the Day stock. The analyst said that it is going from a “stay at home” trade to a “reopening” trade and gaining momentum along the way. The stock most recently closed at $97.40 and has a consensus price target of $109.83.

DXC Technology Co. (NYSE: DXC): Wells Fargo’s upgrade to Overweight from Equal Weight included a price target hike to $48. The consensus price objective is $38.23. The stock ended Tuesday’s trading at $38.11.

Facebook Inc. (NASDAQ: FB): KGI Securities started the social media giant with an Outperform rating and a $420 price target. The lower $386.36 consensus is still well above Tuesday’s final trade at $329.13 per share.


Genius Sports Ltd. (NYSE: GENI): Goldman Sachs started coverage with a Buy rating and a $31 price target. No consensus target was available as the company had a recent initial public offering. The shares closed Tuesday at $23.08, which was down almost 5% for the day.

GSX Techedu Inc. (NYSE: GOTU): The Goldman Sachs downgrade to Neutral from Buy included the price target lowered to $20. That compares with a huge $61.09 consensus target and a closing print on Tuesday of $18.08 per share.

Honest Co. Inc. (NASDAQ: HNST): BofA Securities started the Jessica Alba-backed, recently public company with a Buy rating and a $17 price target. There is no consensus target due to the recent IPO, and the shares rose almost 7% on Tuesday to close at $16.88 a share.

IMAX Corp. (NASDAQ: IMAX): Goldman Sachs downgraded the stock to Sell from Neutral and lowered the price target to $18.60. The consensus target is up at $25.70. The final trade for Tuesday was reported at $22.27.