Investing

Thursday's Top Analyst Upgrades and Downgrades: Chewy, Eli Lilly, Etsy, Halliburton, Robinhood, Roku, Walmart, Western Digital and More

Chewy Inc. (NYSE: CHWY): Credit Suisse resumed coverage with an Outperform rating and a $121 price target. The consensus target for the pet food delivery giant is $97.32. The last print on Wednesday was reported at $90.04, which up close to 4% for the day.

Danaher Corp. (NYSE: DHR): Credit Suisse resumed coverage with an Outperform rating and a $306 price target. The consensus price objective is $292.32. The final Wednesday trade came in at $305.62.

Eastman Chemical Co. (NYSE: EMN): BofA Securities raised its Neutral rating to Buy with a $140 price target. The consensus target is $135.65. Wednesday’s final trade was at $109.02 a share.

Eli Lilly and Co. (NYSE: LLY): DZ Bank raised the venerable pharmaceutical giant to Buy from Hold and has a $288 price target. The posted consensus target is $236.88. The shares closed on Wednesday at $262.47.

Etsy Inc. (NASDAQ: ETSY): Morgan Stanley upgraded the shares from Underweight to Equal Weight with a $163 price target. Roth Capital downgraded its Buy rating to Neutral and dropped the price target to $180 from $245. The consensus target is much higher at $226.83. The final trade for Wednesday was posted at $202.10, which is over a 6% gain for the day. The shares were hammered in premarket action, down almost 13%, despite an earnings beat.

Fastly Inc. (NYSE: FSLY): William Blair’s downgrade was to Market Perform from Outperform. Over the past year, the stock has traded in a wide range of $39.47 to $136.50, and it has a $56.22 consensus price target. The shares ended trading on Wednesday at $44.54 and were down a stunning 23% in premarket action after the company reported a second-quarter loss and missed revenue estimates.


Halliburton Co. (NYSE: HAL): HSBC Securities upgraded the oilfield services leader to Hold from Reduce and has an $18.20 price target. The consensus price objective is higher at $24.53. The last trade for Wednesday was reported at $19.20, which was down almost 6% on the day.

KKR & Co. Inc. (NYSE: KKR): JMP Securities raised its Market Perform rating to Market Outperform with an $82 price objective. The consensus target for the private equity and investment giant is lower at $67.36. Wednesday’s closing share price was $66.03.

Rayonier Advanced Material Inc. (NYSE: RYAM): The RBC Capital Markets upgrade to Outperform from Sector Perform included a target price boost to $10 from $9. The consensus price target is $8.83, and the shares tumbled almost 7% on Wednesday to close at $6.69.

Robinhood Markets Inc. (NYSE: HOOD): Zacks selected this as its Bear of the Day stock. The analyst suggested that there is a partial explanation for Wednesday’s surge that has nothing to do with the company itself. Shares last closed at $70.39, in a post-IPO range of $33.25 to $85.00.

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