Lordstown Motors Corp. (NASDAQ: RIDE): Morgan Stanley downgraded the electric vehicle stock to Underweight from Equal Weight and slashed the price target from $8 to $2. The consensus target is $4.75. The stock was last seen Monday at $5.85, which was over 10% lower for the day, and the stock was pummeled in premarket action, down another 9%.
Nike Inc. (NYSE: NKE): Wedbush started coverage of the popular athletic apparel and shoe company with an Outperform rating and a $170 price target. The consensus target is $181.13. The shares closed at $147.14 on Monday.
PNC Financial Services Group Inc. (NYSE: PNC): Goldman Sachs raised its price target on the bank to $214 from $193 while maintaining a Neutral rating. The consensus target is $204.43. The last trade for Monday came in at $198.09.
Procter & Gamble Co. (NYSE: PG): BofA Securities resumed coverage of the consumer staples leader with a Buy rating and a $160 target price. The consensus target is $153.14. Monday’s closing share price was $138.79.
RingCentral Inc. (NYSE: RNG): Summit Insights resumed coverage with a Buy rating and a $300 price target. The consensus target is much higher at $399.96. The stock pulled back almost 6% on Monday to close at $216.16.
Tesla Inc. (NASDAQ: TSLA): This was selected as Bull of the Day at Zacks. The analyst suggests that strong production and delivery numbers are only part of the bigger story with this EV stock. Shares closed most recently at $781.53, but the consensus price target was only $687.84 on last look.
Under Armour Inc. (NYSE: UAA): Wedbush started coverage with an Outperform rating and a $26 price target. The consensus target is set at $27.78. The last trade for Monday was reported at $20.74.
BofA Securities has revealed its top ideas for the fourth quarter of 2021. They include great picks, such as General Electric and Uber, along with a couple of potential short sale ideas.
Meme stocks on the move Monday included Camber Energy and ContextLogic.
Monday’s top analyst upgrades and downgrades included Akamai Technology, ContextLogic, DuPont de Nemours, First Solar, Peabody Energy, Southwest Airlines, 3M and Union Pacific.
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