Monster Beverage Corp. (NASDAQ: MNST): Citigroup upgraded the stock to Buy from Neutral and also raised the price target to $110 from $97. The consensus price objective is $104.78. Thursday’s closing trade was reported at $93.37.
Open Lending Corp. (NASDAQ: LPRO): The Goldman Sachs downgrade to Neutral From Buy included a price target cut to $40 from $43. The consensus target is $47.64. The stock ended trading on Thursday at $39.94.
Piedmont Lithium Inc. (NYSE: PLL): D.A. Davidson started coverage with a Buy rating and an $85 price target. That compares with the $81.17 consensus target and Thursday’s closing print of $55.69, which was down almost 4% for the day.
Seres Therapeutics Inc. (NASDAQ: MCRB): Goldman Sachs downgraded the shares to Sell and slashed the price target to $7. The consensus target is much higher at $36.57. The shares closed Thursday at $7.95k down a stunning 61% after disappointing top-line results for its SER-287 Phase 2b ECO-RESET study. The shares were down another 5% in premarket trading.
Starbucks Corp. (NASDAQ: SBUX): Baird raised the retail coffee giant to Outperform from Neutral and also lifted the firm’s price target to $142 from $117. The posted consensus target is $124.99. The final trade for Thursday hit the tape at $122.63.
Trade Desk Inc. (NASDAQ: TTD): The Stephens upgrade to Overweight from Equal Weight comes with an $85 price target. The consensus price objective is just $69.71. The stock was last seen on Thursday at $74.11.
Watsco Inc. (NYSE: WSO): Stephens upgraded the stock to Overweight from Equal Weight and raised the firm’s price target to $350 from $300. The consensus target is a much lower $290. The shares closed at $287.93 on Thursday.
The analysts at Baird remain very positive on top restaurant stocks. Six of them are defensive in nature and may make sense for growth investors worried about the potential for a steep market sell-off in the late summer or early fall.
Thursday’s early top analyst upgrades and downgrades included Airbnb, AT&T, Chevron, Foot Locker, Royal Dutch Shell, T-Mobile and Williams-Sonoma. Analyst calls seen later in the day were on Apple, Coca-Cola, Microsoft, Verizon and more.