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Tuesday's Top Analyst Upgrades and Downgrades: Cloudflare, Con Edison, Ford, IBM, Incyte, Simon Properties, Skechers and More

Rocket Companies Inc. (NYSE: RKT): Wedbush downgraded the mortgage giant to Underperform from Neutral and has a $12 price target. The consensus price objective is higher at $19.62. The stock closed at $17.33 on Monday.

Select Energy Services Inc. (NYSE: WTTR): This oilfield services firm was the Zacks Bear of the Day stock. The analyst stated that it feels like the move in energy is over and earnings could be confirming. Shares last closed at $5.38, and the consensus price target is $6.42.

Simon Properties Inc. (NYSE: SPG): Stifel upgraded the commercial real estate giant’s stock to Buy from Hold and also raised the price target to $132 from $125. That compares with the higher $138.71 consensus target and Monday’s closing print of $117.19.

Skechers USA Inc. (NYSE: SKX): Monness Crespi & Hardt raised the stock to Buy from Neutral and has a $55 price target. The consensus target is $56.63. The stock closed Monday at $46.07.

Sunnova Energy International Inc. (NASDAQ: NOVA): RBC Capital Markets started coverage with an Outperform rating and a $59 price target. The consensus target is $53.69. The stock closed Monday at $33.65. Shares were up over 3% in premarket action.

Western Midstream Partner L.P. (NYSE: WES): BofA Securities both raised the shares to Buy from Neutral and lifted the price target to $25 from $22. The consensus target is $24.07. The stock closed Monday at $18.45.

Zions Bancorp N.A. (NASDAQ: ZION): Baird raised the bank tock from Underperform to Neutral with a $49 price target. The higher consensus target is $59.88, and Monday’s closing print was $47.70, which was down almost 4% for the day.


Despite slipping crude prices, Stifel remains optimistic about the energy sector and favors upstream stocks. The firm has five outstanding ideas for investors with a degree of risk tolerance who are looking at energy stocks now.

Check out which meme stocks were on the move on Monday, and see what Jim Cramer believes it will take to stabilize the markets.

Monday’s early top analyst upgrades and downgrades included ADT, Alcoa, GoDaddy, KB Home, Morgan Stanley, NOV, Qualcomm and Range Resources. Analyst calls seen later in the day were on BioNTech, CyberArk Software, Vertex Pharmaceuticals and more.