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Apple, Coca-Cola, Microsoft, Verizon and More Thursday Afternoon Analyst Upgrades and Downgrades

Chris Lange

Published: July 22, 2021 11:55 am

With the trading day roughly halfway over, the broad markets were mixed on Thursday, coming off a strong two-day rally. Jobless numbers released earlier in the morning scared investors, but it is yet to be seen if these will have any staying power. Despite this, large-cap tech stocks were performing fairly well on the day.

24/7 Wall St. is reviewing some big analyst calls seen on Thursday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Thursday that included Airbnb, AT&T, Chevron, Foot Locker, T-Mobile and more.

Academy Sports and Outdoors Inc. (NASDAQ: ASO): Goldman Sachs initiated coverage with a Neutral rating and a $40 price target. The stock traded near $37 on Thursday, in a 52-week range of $12.05 to $42.75. It has a consensus price target of $46.00.

Apple Inc. (NASDAQ: AAPL): Canaccord Genuity reiterated a Buy rating and raised the price target to $175 from $165. The shares were changing hands at around $147 apiece on Thursday, in a 52-week trading range of $89.14 to $150.00.

Coca-Cola Co. (NYSE: KO): Credit Suisse reiterated an Outperform rating and raised the price target to $63 from $62. Citigroup reiterated a Neutral rating and raised its target to $60 from $57. Wells Fargo reiterated an Overweight rating and raised its target from $62 to $64. JPMorgan reiterated a Neutral rating, and it raised the target to $59 from $56. The stock traded near $56 on Thursday, in a 52-week range of $46.22 to $57.56. It has a consensus price target of $59.80.

CSX Corp. (NASDAQ: CSX): TD Securities upgraded the stock to a Buy rating from Hold and raised the price target to $38 from $36. Credit Suisse reiterated an Outperform rating and raised its target to $39 from $38. RBC Capital Markets also reiterated an Outperform rating, and it raised the target from $36 to $37. The stock was trading at around $33 a share on Thursday, in a 52-week range of $22.69 to $34.96.

Microsoft Corp. (NASDAQ: MSFT): Citigroup reiterated a Buy rating and raised the price target to $378 from $310. The stock was changing hands near $286 a share on Thursday, in a 52-week range of $196.25 to $286.40.

Southwestern Energy (NYSE: SWN): Wolfe Research upgraded to an Outperform rating from Peer Perform and raised the price target to $7 from $5. The stock traded near $5 on Thursday, in a 52-week range of $2.18 to $5.85.

Texas Instruments Inc. (NASDAQ: TXN): BofA Securities reiterated a Buy rating and raised the price target to $225 from $210. Rosenblatt also reiterated a Buy rating, and it raised the target to $230 from $220. Raymond James reiterated an Outperform rating and raised the price target from $220 to $230. The stock traded near $185 on Thursday, in a 52-week range of $125.43 to $197.58. It has a consensus price target of $201.36.

Verizon Communications Inc. (NYSE: VZ): Credit Suisse reiterated an Overweight rating and raised the price target to $60 from $59. JPMorgan reiterated an Overweight rating as well, and it raised the target price to $65 from $64. Cowen reiterated an Outperform rating and raised its target to $68 from $66. The stock was trading at around $56 a share on Thursday, in a 52-week range of $53.83 to $61.95.

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