Investing
Wednesday Afternoon Analyst Upgrades and Downgrades: BioNTech, United Airlines, Workhorse and More
Published:
Last Updated:
With the trading day almost halfway over, the S&P 500 and Dow Jones industrial average hit even more record highs in Wednesday’s session. While these indexes were pushing higher, the Nasdaq was hurting yet again, despite a positive start to the day. Earlier in the morning, the July CPI reportedly rose in line with analysts’ expectations, ultimately helping ease concerns over inflation.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. 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 Wednesday that included Blackstone, Cleveland-Cliffs, Dick’s Sporting Goods, Nikola, Splunk and Virgin Galactic.
BioNTech S.E.: (NASDAQ: BNTX): Bryan Ganier upgraded the to a Buy rating from Neural and has a $451 price target. Shares traded near $367 on Wednesday, in a 52-week range of $54.10 to $464.00.
Dicerna Pharmaceuticals Inc. (NASDAQ: DRNA): Goldman Sachs downgraded it to Neutral from Buy and cut the price target to $25 from $36. Shares traded near $21 on Wednesday, in a 52-week range of $16.50 to $40.14. The consensus price target is $42.00.
Livent Corp. (NYSE: LTHM): BofA Securities reiterated an Underperform rating and raised the price target to $19 from $18. The stock was trading at around $24 a share on Wednesday, in a 52-week range of $7.22 to $25.60.
Southwest Airlines Co. (NYSE: LUV): Redburn initiated coverage with a Buy rating. The stock was changing hands near $51 a share on Wednesday, in a 52-week range of $33.48 to $64.75.
United Airlines Holdings Inc. (NASDAQ: UAL): Redburn initiated coverage with a Sell rating. The stock traded near $47 on Wednesday, in a 52-week range of $31.22 to $63.70. Its consensus price target is $62.33.
Unity Software Inc. (NYSE: U): Goldman Sachs started coverage with a Buy rating and a $135 price target. The stock traded near $115 on Wednesday, in a 52-week range of $65.11 to $174.94.
Workhorse Group Inc. (NASDAQ: WKHS): D.A. Davidson started coverage with a Neutral rating and a $10 price target. The stock was changing hands near $10 a share on Wednesday, in a 52-week range of $7.07 to $42.96.
WW International Inc. (NASDAQ: WW): The Jefferies downgrade to Hold from Buy included a price target cut to $30 from $41. The stock was trading near $23 a share on Wednesday, in a 52-week range of $17.75 to $41.13.
Tech stocks appear to be set to keep running higher, and Wedbush has three picks that are looking to outperform the market in the coming months.
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.