Investing

Monday Afternoon Analyst Upgrades and Downgrades: Caesars, Coinbase, Editas, Wynn and More

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.


Three top energy companies are rewarding shareholders in a way that is long overdue, according to Goldman Sachs. With the potential for firm oil pricing into next year, their stocks make sense for investors looking for energy positions that are great long-term holds.

Five outstanding companies are expected to hike their dividends this week, and top Wall Street firms rate all their stocks at Buy.