Investing

Thursday's Top Analyst Upgrades and Downgrades: Allstate, EOG Resources, Occidental Petroleum, Sunrun, Take-Two, Tilray and More

SolarEdge Technologies Inc. (NASDAQ: SEDG): Guggenheim started the stock with a Buy rating and a $314 price target. The posted consensus target is just $290.82. The stock closed Wednesday at $247.48.

Sunnova Energy International Inc. (NASDAQ: NOVA): Guggenheim started coverage with a Buy rating with a $51 price target. The consensus price objective is $51.73. Wednesday’s final trade hit the tape at $28.27.

Sunrun Inc. (NYSE: RUN): Guggenheim started the shares with a Buy rating and a $56 price target. That compares with the much higher $77.27 consensus target and Wednesday’s closing print of $42.98.

Take-Two Interactive Software Inc. (NASDAQ: TTWO): Jefferies upgraded the stock to Buy from Hold and also raised the target price target to $231. The consensus target for the videogame software giant is $219.74. The stock pulled back more than 3% on Wednesday to close at $176.91.

Tilray Inc. (NASDAQ: TLRY): Cantor Fitzgerald raised the leading marijuana stock to Overweight from Neutral. However, it lowered the price target to $22. The consensus target is lower still at $18.98. The shares closed Wednesday at $19, which was up almost 12%. The stock went even higher in the premarket, up almost 5%.

Vertex Inc. (NASDAQ: VERX): The Goldman Sachs downgrade to Sell from Neutral included the price target lowered to $18 The consensus price objective is up at $24.75. The stock closed Wednesday at $19.68 and was trading almost 6% lower in the premarket.

Vimeo Inc. (NASDAQ: VMEO): Piper Sandler initiated coverage with an Overweight rating and a $52 price target. No consensus target was available as the company had a recent initial public offering. The shares were last seen trading on Wednesday at $40.81, after retreating almost 5% for the day.


Given the volatile situations around the globe and the big foreign purchasing, the aerospace and defense sector remains a good place to keep capital in growth portfolios. Four industry leaders look like solid picks for long-term investors.

Wednesday’s early top analyst upgrades and downgrades included Alphabet, Canopy Growth, Cinemark, Dick’s Sporting Goods, Facebook, IMAX, Microsoft, Salesforce.com and SBA Communications. Analyst calls seen later in the day were on Baidu, DraftKings, Petco, Zoom Video and more.