Wednesday's Top Analyst Upgrades and Downgrades: American Airlines, Freeport-McMoRan, Square, US Steel, Wendy's and More

Phillips 66 (NYSE: PSX): Piper Sandler upgraded the refining giant to Overweight from Neutral and raised the $85 price target to $87. The consensus target is $88.06. The stock closed on Tuesday at $77.35.

Square Inc. (NASDAQ: SQ): This was selected as Bull of the Day at Zacks. The analyst pointed out that the recent underperformance presents a relatively enticing buying opportunity, especially with a big acquisition set to close in early 2022. Shares closed most recently at $235.98, and the consensus price target was $300.93, which would be a 52-week high.

Trupanion Inc. (NASDAQ: TRUP): Piper Sandler started coverage with an Overweight rating and a $110 price target. The consensus target is $125.20. The stock closed at $78.77 on Tuesday.

U.S. Steel Corp. (NYSE: X): Goldman Sachs downgraded the venerable steel company to Sell from Neutral, and it also slashed the target price to $21 from $34. The consensus target is set at $34.43. Tuesday’s closing trade came in at $22.44.

VICI Properties Inc. (NASDAQ: VICI): KeyBanc Capital Markets raised its Sector Weight rating to Overweight with a $33 price target. The consensus target is $36.70. The final trade for Tuesday was reported at $28.86 a share.

Vonage Holdings Corp. (NASDAQ: VG): Oppenheimer downgraded the stock to Perform from Outperform. The shares have traded in a 52-week range of $10.12 to $16.65 and have a $17.36 consensus price target. Tuesday’s close was at $16.14.

Wendy’s Co. (NASDAQ: WEN): Loop Capital started the meme stock with a Buy rating and a $31 price target. The consensus target is $26.72, and the final trade for Tuesday was posted at $22.04 per share.

These four top U.S.-based dividend-paying energy stocks look cheap and have some serious upside potential. They make good sense for growth and income investors who want to be cautious in what has turned into a very volatile market.

Meme stock movers on Tuesday included Lordstown Motors and Tilray.

Tuesday’s early top analyst upgrades and downgrades included Albertsons, Colgate-Palmolive, CyberArk Software, Deckers Outdoor, Dow, Lordstown Motors, Nike, Procter & Gamble and Tesla. Analyst calls seen later in the day were on Este Lauder, Facebook, Honda Motor, Stitch Fix and more.

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