Investing

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

Inovio Pharmaceuticals Inc. (NASDAQ: INO): This was named as the Zacks Bear of the Day stock. The analyst wonders whether it is too late to buy this coronavirus vaccine stock. Shares last closed at $8.33, and the consensus price target is $13.22.

Invesco Ltd. (NYSE: IVZ): Citigroup upgraded of the investment giant to Buy from Hold included a price target hike to $34 from $29. That compares with the $30.54 consensus target and Friday’s closing trade of $26.33, which was up almost 5% for the day.

LiveVox Holding Inc. (NASDAQ: LVOX): Piper Sandler started coverage with an Overweight rating and a $12 price target. The consensus target is up at $15.50, and Friday’s closing print was $8.55.

Philip Morris International Inc. (NYSE: PM): Goldman Sachs reiterated its Buy rating on the tobacco giant. The analysts noted the company recently entered into an agreement to acquire Vectura, a provider of innovative inhaled drug delivery solutions. The Goldman Sachs price target is $110, while the consensus target is $108.07. The stock closed Friday at $99.40.

Rocket Companies Inc. (NYSE: RKT): Jefferies not only downgraded the mortgage giant to Hold from Buy but lowered its price target to $18 from $26. The posted consensus target is $20.23. The shares ended trading on Friday at $19.03.

Sempra (NYSE: SRE): Goldman Sachs removed the stock from its Conviction Buy List but kept a Buy rating on the shares and has a $149 price target. The consensus target $150.78. The last trade for Friday hit the tape at $132.86.

Shockwave Medical Inc. (NASDAQ: SWAV): BofA Securities downgraded the shares to Neutral from Buy but raised the price target to $200 from $180. The consensus target is $184.60. The stock closed on Friday at $189.26. After a very impressive run, this could be another valuation call.


This year may offer one of the best opportunities for growth stock investors to buy some of the top financial stocks before they report second-quarter earnings. Four dividend-paying giants could very well offer the best total return potential for the rest of 2021.

Friday’s early top analyst upgrades and downgrades included American Express, Bumble, Cloudera, Diamondback Energy, Discover Financial, General Motors, Match, NOV and UnitedHealth. Analyst calls seen later in the day were on Anthem, Deutsche Bank, Nio, Synchrony and more.

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