Investing

Monday's Top Analyst Upgrades and Downgrades: ADT, Alcoa, GoDaddy, KB Home, Morgan Stanley, Qualcomm, Range Resources and More

Morgan Stanley (NYSE: MS): Goldman Sachs reiterated its Buy rating on its Wall Street competitor, citing its top market share position in equities and gained share in advisory. The firm also sees further strength in investment banking going forward, even as the analysts expect continued normalization in trading revenue. The Goldman Sachs price target is at $100, which is just higher than the $98.53 consensus target. The stock ended last week trading at $91.25 a share.

NOV Inc. (NYSE: NOV): The BMO Capital Markets upgrade to Market Perform from Underperform included a price target hike to $15 from $14. The consensus target is $17.47. The shares closed on Friday at $13.62.

Qualcomm Inc. (NASDAQ: QCOM): Goldman Sachs upgraded the chip giant to Neutral from Sell and also raised the price target to $148 from $136. The consensus price objective is higher at $171.44. Friday’s final trade was reported at $139.71.

Range Resources Corp. (NYSE: RRC): When Credit Suisse upgraded it to Neutral from Underperform, the firm also doubled the price target to $16 from $8. The consensus target is $15.35. The stock closed Friday at $14.87, which was down 4% on the day.

Squarespace Inc. (NASDAQ: SQSP): BofA Securities initiated coverage with a Buy rating and a $73 price target. The consensus price objective is $72. The stock closed Friday at $52.27. That was down almost 4% for the day.

Teleflex In. (NYSE: TFX): SVB Leerink downgraded the stock to Market Perform from Outperform, and it has a $410 price target. The consensus target is much higher at $472.70. The shares were last seen on Friday at $390.32.

Vericel Corp. (NASDAQ: VCEL): Zacks selected this as its Bear of the Day stock even though restoring cartilage in sports medicine and rebuilding skin after severe burns gave this small-cap big upside. Shares last closed at $50.69, and the consensus price target is $65.71.


Four of the semiconductor industry’s best companies are top stock picks at Jefferies, and aggressive growth investors looking for an alpha upside boost for the rest of the summer may want to consider positions.

Friday’s early top analyst upgrades and downgrades included Alibaba, Chewy, Danaher, Energy Transfer, LyondellBasell, LiveNation, Salesforce, Seagate, Splunk and Textron. Analyst calls seen later in the day were on Alcoa, Comerica, Shell Midstream, Thermo Fisher and more.

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