Investing
Tuesday's Top Analyst Upgrades and Downgrades: Allstate, ADP, Baker Hughes, Hyatt, Lemonade, Robinhood, Suncor Energy and More
August 17, 2021 8:40 am
Last Updated: August 20, 2021 10:48 am
Fiverr International Ltd. (NASDAQ: FVRR): Zacks named this online marketplace for freelancers as its Bear of the Day stock. The analyst wonders whether the reopen will slow the creator economy. Shares last closed at $166.73, and the consensus price target is $215.78.
Fortis Inc. (NYSE: FTS): Wells Fargo lowered the shares to Equal Weight from Overweight. Over the past year, the stock has traded between $38.49 and $47.02, and it has a $44.98 consensus target price. The shares closed on Monday at $46.76. As it is trading just shy of the 52-week high, this looks like a valuation call.
Hyatt Hotels Corp. (NYSE: H): Truist’s upgrade was to Hold from Sell. The shares have traded between $51.21 and $92.22 over the past 52 weeks and carry an $81.07 consensus price objective. The last trade for Monday came in at $72.25.
Lemonade Inc. (NYSE: LMND): Wolfe Research initiated coverage with an Underperform rating and a $53 price target. The higher $82.14 consensus target compares with Monday’s $71.87 closing print.
Marsh & McLennan Companies Inc. (NYSE: MMC): Wolfe Research began coverage with an Outperform rating and a $171 price target. The posted consensus target is $152.58. Monday’s closing share price was $153.53.
Robinhood Markets Inc. (NYSE: HOOD): Redburn started the new-age brokerage firm’s stock with a Buy rating and a $65.35 price target. The consensus target is much higher at $83.07. Monday’s final print came in at $47.19, after shares tumbled almost 7% on the day.
Suncor Energy Inc. (NYSE: SU): Goldman Sachs reiterated its Buy rating but lowered the price target to $25 from $29. The consensus target is up at $42.83. The last trade for Monday came in at $18.85.
23andMe Holding Co. (NYSE: ME): Credit Suisse started coverage with an Outperform rating and a $13 price target. No consensus target was available. The shares closed at $7.29 on Monday.
Monday’s early top analyst upgrades and downgrades included Automatic Data Processing, Angi, Chipotle Mexican Grill, Ecolab, Honest, PG&E, Seagate Technologies and Sonos. Analyst calls seen later in the day were on Arch Capital, Paycor, Planet Fitness and more.
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