Investing

Wednesday's Top Analyst Upgrades and Downgrades: AMD, Chewy, MGM Resorts, Microsoft, Salesforce, Sony, Virgin Galactic and More

Chewy Inc. (NYSE: CHWY): Baird initiated coverage on the stock with an Outperform rating and a $105 price target. The consensus target is $97.32. Tuesday’s closing trade came in at $85.35.

DT Midstream Inc. (NYSE: DTM): Wolfe Research upgraded the shares to Outperform from Peer Perform and has a $46 price target. The consensus price objective is $37.00, and Tuesday’s last trade came in at $41.95.

Globant S.A. (NYSE: GLOB): Piper Sandler upgraded the stock to Overweight from Neutral and raised the price target to $280 from $221. That compares with the $237.11 consensus target and Tuesday’s final print of $233.39.

Helix Energy Solutions Group Inc. (NYSE: HLX): The Piper Sandler downgrade to Neutral from Overweight included a target price cut to $4.50 from $5.30. The consensus price objective is $6.11. The shares closed Tuesday at $4.15.

Infinity Pharmaceuticals Inc. (NASDAQ: INFI): When Wells Fargo upgraded it to Overweight from Equal Weight, the analyst also boosted the price target from $4 all the way to $14. That compares with the much lower $8.50 consensus and Tuesday’s final trade of $1.52. The shares were up over 50% in premarket action.

Juniper Networks Inc. (NYSE: JNPR): MKM Partners raised its Neutral rating to Buy and also lifted the price target to $33 from $26. The posted consensus target is $26.06. The shares closed at $27.64 on Tuesday.

Marsh & McLennan Companies Inc. (NYSE: MMC): Raymond James downgraded it to Underperform from Market Perform. The 52-week trading range is $102.11 to $149.30, and the consensus price target is $140.92. The stock closed Tuesday at $146.71, just shy of the 52-week high, so this looks like a valuation call.


MGM Resorts International (NYSE: MGM): Goldman Sachs raised the shares to Neutral from Sell and lifted the price target to $43 from $38. The consensus target is $44.78, and the stock ended trading Tuesday at $38.04, which was down almost 3% on the day.

Microsoft Corp. (NASDAQ: MSFT): RBC Capital Markets resumed coverage of the bellwether technology giant with an Outperform rating. It also raised the price target to $360 from $290. The $298.92 consensus target is closer to Tuesday’s closing print of $286.54. The shares were up modestly in the premarket, after the company posted stellar second-quarter results.

Payoneer Global Inc. (NASDAQ: PAYO): Cantor Fitzgerald started coverage with an Overweight rating and a $13 price target. The consensus target is just higher at $14, and Tuesday’s closing share price was $9.58.

ResMed Inc. (NYSE: RMD): Jefferies upgraded it to Hold from Underperform and also raised the price target to $240 from $170. The consensus target is $228.33, and the stock closed on Tuesday at $264.24.

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