Investing

Wednesday's Top Analyst Upgrades and Downgrades: Intel, Kohl's, New Gold, Paramount, Vodafone, Wix.com and More

Lightspeed Commerce Inc. (NYSE: LSPD): Piper Sandler initiated coverage with an Overweight rating and a $145 price target. The shares have a 52-week range of $28.29 to $120.68, which compares to Tuesday’s close at $118.95.

New Gold Inc. (NYSE: NGD): RBC Capital Markets upgraded the stock to a Sector Perform rating from Underperform but lowered the price target to $1.50 from $1.75. That compares with a $3.81 consensus target and Tuesday’s close at $1.23.

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI): Berenberg upgraded it from Hold to Buy with a $98 price target. Shares last closed at $72.72, and the consensus price target is $84.93.

Paramount Group Inc. (NYSE: PGRE): Evercore ISI upgraded it to In-Line from Underperform and has an $11 price target. Shares last closed at $9.17, but they have traded as high as $11.65 in the past year.

Spire Global Inc. (NYSE: SPIR): Robert Baird initiated coverage with a $12 price target. Shares closed most recently at $10.65 apiece and have a consensus price target of $20.00.

Universal Health Services Inc. (NYSE: UHS): The Goldman Sachs downgrade to Sell from Neutral included a price target cut to $150 from $155. The $169.79 consensus target is above Tuesday’s close at $155.38.

Vodafone Group PLC (NASDAQ: VOD): Bernstein started coverage with an Outperform rating. Shares most recently closed at $16.95 and have a consensus price target of $25.49.

Wix.com Ltd. (NASDAQ: WIX): Piper Sandler started coverage with a Neutral rating and a $252 price target. Shares last closed at $230.33, and the consensus target price is $267.65.

WM Technology Inc. (NASDAQ: MAPS): Canaccord Genuity started it with a Buy rating and a $21 price target. The shares last closed at $14.30, and the consensus price target is $18.50.

XPO Logistics Inc. (NYSE: XPO): This is the Zacks Bear of the Day. The analyst points out that shares of the trucking giant plunged last month after a corporate shake-up. Shares closed most recently at $86.65 apiece and have a consensus price target all the way up at $132.75.


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Tuesday’s meme stock movers included AMC Entertainment and Naked Brand.

Tuesday’s early top analyst upgrades and downgrades included Amgen, Cirrus Logic, Hain Celestial, Johnson & Johnson, Lam Research, Merck, Spotify Technology and Vertex Pharmaceuticals. More analyst calls were seen later in the day, including on Kroger, Lululemon Athletica, Netflix and Nike.

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