Investing

Monday's Top Analyst Upgrades and Downgrades: Adobe, Analog Devices, Colgate, Novartis, Salesforce, Workday and More

Big Lots Inc. (NYSE: BIG): Zacks selected this as its Bear of the Day, suggesting that inflation and supply chain headwinds are weighing on this discount retailer. Shares last closed at $47.68, and the consensus price target is $55.44.

BorgWarner Inc. (NYSE: BWA): Jefferies downgraded the stock to Hold from Buy and also dropped the target price to $47 from $65. The consensus target is $54.06. The stock closed Friday at $42.92 and was down close to 4% in Monday’s premarket.

Colgate-Palmolive Co. (NYSE: CL): Deutsche Bank raised its Hold rating on the consumer staples giant to Buy, and it also lifted the target price to $86 from $84. The consensus target is $86.60. The stock closed trading on Friday at $76.23.

Crown Holdings Inc. (NYSE: CCK): Barclays resumed coverage with an Overweight rating and a $140 price target. The $131.46 consensus target is closer to Friday’s closing share price of $105.85, which was down 2% on the day.

Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI): Barclays resumed coverage with an Overweight rating and a $31 price target. The consensus target is up at $39.56. Friday’s final trade was reported at $25.14.

Lear Corp. (NYSE: LEA): The Jefferies downgrade to Hold from Buy included a target price cut to $171 from $200. The consensus price target is $195.20. The final trade on Friday was reported at $153.05.


Novartis AG (NYSE: NVS): Deutsche Bank downgraded the European pharmaceutical giant to Sell from Hold. Over the past 52 weeks, the stock has traded between $77.04 and $98.52, and it has a $103.33 consensus price target. The stock closed at $83.48 on Friday.

Oatly Group AB (NASDAQ: OTLY): Citigroup started coverage with a Buy rating and a $21 price target. The consensus target is much higher at $28. The last trade for Friday was reported at $16.27.

ONE Group Hospitality Inc. (NASDAQ: STKS): Piper Sandler raised its Neutral rating to Overweight and lifted the price target to $17 from $12. The consensus target is $14.50. The stock closed Friday at $10.37.

PAE Inc. (NYSE: PAE): BofA Securities started coverage with a Buy rating and an $8 price target. The consensus target is up at $12.10. Friday’s closing print was $5.90 a share.