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Wednesday's Top Analyst Upgrades and Downgrades: Abercrombie, Coinbase, Colgate, Fisker, Goldman Sachs, Urban Outfitters, Wendy's and More

Goldman Sachs Group Inc. (NYSE: GS): Jefferies started the venerable Wall Street firm with a Buy rating and a $450 price target. The consensus price objective is just $394.06, and Tuesday’s last trade was seen at $384.70.

KLA Corp. (NASDAQ: KLAC): Deutsche Bank upgraded shares of the semiconductor capital equipment giant to Buy from Hold and has a $375 price target. The consensus target is $367.31, and the shares closed on Tuesday at $313.80 apiece.

Nexa Resources S.A. (NYSE: NEXA): Morgan Stanley downgraded the shares to Equal Weight from Overweight and has a $10.20 price target. The consensus price target is higher at $11.76, and the stock ended Tuesday trading at $11.32.

Regional Management Corp. (NYSE: RM): BMO Capital Markets downgraded it to Market Perform from Outperform. The firm’s $43 price target compares with the $43.83 consensus target. The final trade for Tuesday was recorded at $51.44. As it is trading just below a 52-week high after a solid run this year, this looks like a valuation call.

TotalEnergies S.E. (NYSE: TOT): MKM Partners started the French integrated energy giant with a Buy rating and a $70 price target. The lower $56.25 consensus is still above Tuesday’s close at $48.37 a share.

Travelzoo (NASDAQ: TZOO): Zacks selected this as its Bear of the Day stock, saying that the outlook for this online travel website is still dampened by the pandemic. Shares last closed at $15.65, and the consensus price target is $21.00.

Urban Outfitters Inc. (NASDAQ: URBN): Zacks named this as its Bull of the Day. The analyst said that renewed consumer demand is lifting this retailer, and shareholders could reap the rewards. The stock most recently closed at $38.80 and has a consensus price target of $41.60.

Wendy’s Co. (NASDAQ: WEN): Stifel downgraded one of the newest meme stocks from Buy to Hold with a $25 price target. The consensus target is $26.07, but the stock closed Tuesday at $28.87, after exploding by 26% on Tuesday. The shares were up an additional 3% in premarket action.


The good news for aggressive growth investors eyeing the semiconductor industry is the sideways trading since February could be ready to break out to the upside. Buying four solid Jefferies stock picks could very well be a great short-term and long-term strategy for those investors.

Check out Warren Buffett’s favorite stocks.

Tuesday’s early top analyst upgrades and downgrades included Autodesk, Biogen, Delta Air Lines, Facebook, Johnson Controls and Marvell Technology. Analyst calls seen later in the day were on Cabot Oil, Rocket Companies, Target and more.