Investing
Monday Afternoon Analyst Upgrades and Downgrades: Caesars, Coinbase, Editas, Wynn and More
August 9, 2021 12:54 pm
With the trading day more than halfway over, the broad markets were fairly mixed. While the Dow Jones industrial average and S&P 500 had pulled back slightly from their all-time highs, they still seem primed for more earnings later this week.
24/7 Wall St. is reviewing some big analyst calls seen on Monday. 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 Friday that included Activision Blizzard, Beyond Meat, Darden Restaurants, Dollar Tree, Tesla and more.
Caesars Entertainment Inc. (NASDAQ: CZR): Bofa Securities upgraded the stock to a Buy rating from Neutral. Shares traded near $90 on Monday, in a 52-week range of $36.78 to $113.46.
Coinbase Global Inc. (NASDAQ: COIN): D.A. Davidson resumed coverage with a Buy rating and a $400 price target. Shares traded near $277 on Monday, in a 52-week range of $208.00 to $429.54. The consensus price target is $381.73.
Editas Medicine Inc. (NASDAQ: EDIT): Truist Securities upgraded it to Buy from Hold and raised the price target to $80 from $45. The stock was trading at around $58 a share on Monday, in a 52-week range of $27.01 to $99.95.
Livent Corp. (NYSE: LTHM): Vertical Research upgraded it from Sell to Hold with a $22 price target. The stock was changing hands near $22 a share on Monday, in a 52-week range of $6.98 to $23.99.
Medallia Inc. (NYSE: MDLA): The Truist downgrade was to Hold from Buy. The stock traded near $34 on Monday, in a 52-week range of $23.58 to $48.28.
Wynn Resorts Ltd. (NASDAQ: WYNN): BofA Securities lowered its Buy rating to Neutral. The stock traded near $96 on Monday, in a 52-week range of $67.70 to $143.88. Its consensus price target is $131.55.
Vimeo Inc. (NASDAQ: VMEO): Truist reiterated a Buy rating but cut its price target to $50 from $54. Piper Sandler reiterated an Overweight rating and cut the target to $51 from $52. Jefferies reiterated a Buy rating and cut the target from $60 to $54. And Cowen reiterated an Outperform rating and cut its price target to $50 from $56. The stock was trading near $36 a share on Monday, in a 52-week range of $35.90 to $57.00.
Five outstanding companies are expected to hike their dividends this week, and top Wall Street firms rate all their stocks at Buy.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.