Investing
Thursday's Top Analysts Upgrades and Downgrades: Alaska Air, Clover Health, CME, Fastly, Marathon Oil, ServiceNow, UPS and More
June 10, 2021 8:45 am
Last Updated: June 17, 2021 12:39 pm
Marathon Oil Corp. (NYSE: MRO): RBC Capital Markets upgraded shares of the energy giant to Outperform from Sector Perform. The firm also raised the target price to $18. The consensus target is lower at $14.17, and the last trade for Wednesday came in at $13.36.
Matador Resources Co. (NYSE: MTDR): The MKM Partners downgrade to Neutral from Buy comes with a $33 price target. The consensus target is $34. The shares closed at $33.47 on Wednesday.
Pennant Group Inc. (NASDAQ: PNTG): RBC Capital Markets upgraded the stock to Outperform from Sector Perform and has a $50 price target. The consensus price target is $48.00. The final trade Wednesday came in at $36.17, which was up over 4% for the day.
PubMatic Inc. (NASDAQ: PUBM): Evercore ISI raised the stock to Outperform from In Line, and the analysts set a $40 price target for the digital advertising company. The consensus target is higher at $48.86. The stock closed Wednesday at $32.13, up almost 6% on the day.
Shift Technologies Inc. (NASDAQ: SFT): Cantor Fitzgerald started coverage with an Overweight rating and a $15 price target. The consensus target is $12.57, and the shares closed on Wednesday at $8.42 per share.
ServiceNow Inc. (NYSE: NOW): Goldman Sachs upgraded the stock to Conviction Buy from Buy and has a massive $695 price target. The $606.66 consensus target is also well above Wednesday’s final print of $464.71.
United Parcel Service Inc. (NYSE: UPS): JPMorgan upgraded the delivery giant to Overweight from Neutral and has a $243 price target. The consensus price objective is just $217.13. The stock closed Wednesday at $201.06, after retreating almost 5% on the day.
Three outstanding stocks have joined the Jefferies Franchise Picks in a sizable portfolio change, as the analysts see a profound shift as the pandemic continues to abate and the reopening prospects remain positive.
Also, check out Warren Buffett’s favorite stocks and see why he has invested in a Brazilian bank.
Wednesday’s early top analyst upgrades and downgrades included Abercrombie & Fitch, Coinbase, Colgate-Palmolive, Fisker, Fox, Goldman Sachs, Urban Outfitters and Wendy’s. Analyst calls seen later in the day were on Lordstown, Morgan Stanley, ResMed and more.
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.
Editors' Picks
