Investing

Monday's Top Analyst Upgrades and Downgrades: Continental Resources, EOG, GXO, JD.com, Robinhood, Sealed Air, Seaworld and More

Continental Resources Inc. (NYSE: CLR): Wells Fargo raised the shares to Overweight from Equal Weight and has a $45 price target. The consensus price objective is lower at $39.26. The stock closed Friday at $33.82.

Duolingo Inc. (NASDAQ: DUOL): Goldman Sachs started coverage on the language learning app company with a Neutral rating and a $125 price target. Piper Sandler started coverage with an Overweight rating and a $156 price objective, while JMP Securities has a Market Outperform rating and a $160 price target. No consensus target has been set as the stock recently went public. So far, the shares have traded between $125.01 and $152.84. The last trade on Friday was reported at $126.03.

Dycom Industries Inc. (NYSE: DY): Wells Fargo raised the shares to Overweight from Equal Weight and has a $90 price target. The consensus target is $99.29. The last trade on Friday was reported at $69.50.

EOG Resources Inc. (NYSE: EOG): Wells Fargo raised the independent energy giant’s stock from Equal Weight to Overweight with an $88 price target. That compares with a $99.05 consensus target and Friday’s close at $64.47.

GXO Logistics Inc. (NYSE: GXO): Citigroup initiated coverage with a Buy rating and a $95 target price. That compares with the $78.67 consensus target and Friday’s close at $77.05.

In8bio Inc. (NASDAQ: INAB): B. Riley Securities began coverage with a Buy rating and a $19 price target. The consensus target was not available as the company had a recent initial public offering. The shares have traded between $6.60 and $10.32 since then and closed Friday at $7.71.

JD.com Inc. (NASDAQ: JD): Zacks has selected this stock as its Bear of the Day. The analyst says that while there is nothing systemic about this Chinese e-commerce company to dislike, the geopolitical risk in the region is just too high. Shares last closed at $63.62, but they have traded as high as $108.29 in the past year.


Oasis Petroleum Inc. (NYSE: OAS): Wells Fargo upgraded the stock to Equal Weight from Underweight and has a $94 target price. That is much less than the $124.71 consensus figure. Friday’s closing print was $80.51.

Pearson PLC (NYSE: PSO): JPMorgan’s upgrade was to Overweight from Neutral. Over the past year, the stock has traded between $6.13 and $12.29, and it has a $13.40 consensus target. The last trade for Friday was recorded at $10.41.

Rallybio Corp. (NASDAQ: RLYB): Jefferies started coverage with a Buy rating and a $20 price target. No consensus price objective was available. Since the IPO, the shares have traded between $11.86 and $25.78. The closing share price on Friday was $12.69. Shares were up almost 8% in Monday’s premarket.

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