Investing
Wednesday's Top Analyst Upgrades and Downgrades: Alcoa, Caesars, Chevron, DraftKings, Lucid, SoFi, Wynn Resorts and More
September 15, 2021 8:53 am
Last Updated: September 15, 2021 9:02 am
SoFi Technologies Inc (NASDAQ: SOFI): Mizuho started coverage with a Buy rating and a $28 price target. The consensus target for shares of the new-age financial company is $23.17. The stock was last seen on Tuesday at $14.50, and it was up almost 3% in premarket action.
Sonos Inc. (NASDAQ: SONO): Zacks says that this is “the world’s leading sound experience brand,” with a propensity for innovation in a space that has seen little change over the past couple of decades, so it was named as its Bull of the Day stock. Its shares most recently closed at $36.20 and have a consensus price target of $46.29.
Southwestern Energy Co. (NYSE: SWN): JPMorgan downgraded it from Neutral to Underweight and lowered the $7 price target to $6. The posted consensus target is $6.40. The stock ended trading at $5.16 on Tuesday.
Surrozen Inc. (NASDAQ: SRZN): Guggenheim started coverage with a Buy rating and a $20 price target. The consensus was not yet available. The stock ended trading on Tuesday at $10.13.
Unisys Corp. (NYSE: UIS): Maxim started coverage with a Buy rating and a $35 price target. The consensus target is higher at $42. The stock closed Tuesday at $23.30.
Werner Enterprises Inc. (NASDAQ: WERN): Cowen raised the shares to Outperform from Market Perform and also lifted the target price to $56 from $52. That compares with the $53.20 consensus target and Tuesday’s final print of $45.96.
Wynn Resorts Ltd. (NASDAQ: WYNN): Wells Fargo started coverage on the luxury casino properties with an Equal Weight rating and a $112 price target. The consensus target is higher at $124.25. The stock closed trading on Tuesday at $92.25 down almost 11%, and the shares were down an additional 5% in Wednesday’s premarket. Worries about regulation of casinos in Macau appear to be the issue.
It looks increasingly likely that the Federal Reserve doesn’t start raising interest rates until 2023 or later. Income investors may want to look at utilities now, a somewhat contrarian play, but five utility stocks will hold up well when the long-awaited correction finally comes.
Tuesday’s early top analyst upgrades and downgrades included Applied Materials, CME, Dollar Tree, Dow, DXC Technology, Garmin, KLA, Lucid and Stryker. More analyst calls were seen later in the day, including on Amazon.com, Darden Restaurants, Deere, Oracle and Palo Alto Networks.
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