Investing

Wednesday's Top Analyst Upgrades and Downgrades: American Air, Blackstone, Delta, Dick's, KKR, Splunk, Virgin Galactic and More

Bath & Bodyworks Inc. (NASDAQ: BBWI): Baird raised its Market Perform rating to Outperform with an $85 price target. No consensus target was available. The shares closed on Tuesday at $62.51.

Blackstone Inc. (NYSE: BX): Deutsche Bank upgraded the money management giant to Buy from Hold and hiked the target price to $135 from $103. The consensus price objective is $98.54. The stock closed Tuesday at $113.82.

Centerra Gold Inc. (NASDAQ: CGAU): CIBC upgraded it to Neutral from Sector Underperform. The shares have traded in a 52-week range of $.6.75 to $13.72. No consensus price target was available. The last trade for Tuesday came in at $7.25.

Cleveland-Cliffs Inc. (NYSE: CLF): Morgan Stanley started coverage with an Equal Weight rating and a $26 price target. The consensus target is $26.42, and Tuesday’s final trade was reported at $26.02, up over 5% for the day.

Delta Air Lines Inc. (NYSE: DAL): Redburn started coverage with a Neutral rating. The shares have traded between $27.02 and $52.28 over the past year and have a $56.72 consensus price objective. The stock gained 3% on Tuesday to close at $40.46 per share.

DHT Inc. (NYSE: DHT): Stifel raised its Hold rating to Buy from and lifted the price target to $7 from $6. H.C. Wainwright also upgraded the stock, to Buy from Neutral, and bumped up the price target to $8.00 from $7.50. The consensus target is $7.57. The shares were last seen on Tuesday trading at $5.44.


Dick’s Sporting Goods Inc. (NYSE: DKS): Wells Fargo resumed coverage of the very popular sports and outdoor retailer with an Equal Weight rating and a $108 price target. The posted consensus target is $113.06. The shares closed on Tuesday at $108.23.

Joann Inc. (NASDAQ: JOAN): Loop Capital started coverage of the sewing and arts and crafts retailer with a Buy rating and a $20 price target. The consensus price objective is $19.57. The shares closed at $14.93 on Tuesday.

KKR & Co. Inc. (NYSE: KKR): Deutsche Bank raised the private equity giant to Buy from Hold and raised the target price to $75 from $69. That compares with the $67.36 consensus target and Tuesday’s final trade of $65.80.

L3Harris Technologies Inc. (NYSE: LHX): Morgan Stanley downgraded the aerospace and defense giant to Equal Weight from Overweight and has a $238 price target. The consensus target is $242.71, and the stock ended trading on Tuesday at $232.62. As that is near a 52 week high after a good run, this looks like a valuation call.