Investing

Monday's Top Analyst Upgrades and Downgrades: Best Buy, Chevron, Exxon, Ingersoll Rand, Invesco, Philip Morris, Rocket Companies and More

Best Buy Co. Inc. (NYSE: BBY): Zacks named this stock as its Bull of the Day. The firm said that the future looks bright for this popular consumer electronics retailer. Shares most recently closed at $110.86 and have a consensus price target of $125.02.

Brinker International Inc. (NYSE: EAT): Raymond James raised the Chili’s restaurant parent to Outperform from Market Perform and has a price target of $75. The consensus target is $77.76. The stock was last seen on Friday at $60.90.

Charter Communications Inc. (NASDAQ: CHTR): Bernstein downgraded the cable and communications giant to Market Perform from Outperform and has a $788 price target. The consensus target is $751.04. The shares closed Friday at $736.47. As it was trading just shy of a 52-week high after a monster run, this looks like a valuation call.

Cheesecake Factory Inc. (NASDAQ: CAKE): Raymond James raised its Market Perform rating to Outperform and has a $60 price target. The consensus target for the popular family restaurant is $61.46. The final Friday trade was reported at $51.66, which was up almost 5% on the day.

Chevron Corp. (NYSE: CVX): BMO Capital Markets started the energy behemoth with an Outperform rating and a $123 price target. The consensus target is $122.78, and the stock closed at $104.07 on Friday.

Convey Holding Parent Inc. (NYSE: CNVY): Goldman Sachs started coverage with a Buy rating and a large $21 price target. Barclays started the shares at Overweight with a $16 price target. The stock had a recent initial public offering, so no consensus price target has been set. The shares have traded between $9.11 and $14.29 since the deal was priced. Friday’s last trade was reported at $9.88.


Empire State Realty Trust Inc. (NYSE: ESRT): BMO Capital Markets downgraded the stock to Market Perform from Outperform and has a $13.50 price target. The consensus target is $13.21. The shares popped almost 4% on Friday to close at $12.25.

Exxon Mobil Corp. (NYSE: XOM): BMO Capital Markets started the energy giant with a Market Perform rating and a $69 price target. The consensus price objective is $66.23. The final Friday trade was reported at $61.23.

Greenbrier Companies Inc. (NYSE: GBX): BofA Securities upgraded the stock to Buy from Underperform and raised the price target to $52 from $45. The consensus target is $49.40. The stock closed Friday at $43.27, after rising over 8% on the day after posting solid earnings for the quarter.

Ingersoll Rand Inc. (NYSE: IR): Goldman Sachs raised the shares from Hold to Buy with a $59 price target for the industrial leader. The consensus price target is $55.71. The stock closed trading on Friday at $49.38, up almost 3% for the day.

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