Investing
Thursday’s Top Analyst Upgrades and Downgrades: AT&T, Alibaba, Ally Financial, BioMarin, Box, Citrix Systems, Five Below, Nio, TJX and More
October 7, 2021 8:52 am
Last Updated: October 8, 2021 7:56 am
ASE Technology Holding Co. Ltd. (NYSE: ASX): The Goldman Sachs downgrade to Neutral from Buy included a price target cut to $8.10 from $13.30. The consensus price target is $11.43. The stock closed trading on Wednesday at $7.23.
AT&T Inc. (NYSE: T): MoffettNathanson upgraded the legacy telecommunications giant to Neutral from Underperform and lifted the $23 price target to $28. The consensus target is up at $31.45. The stock closed at $27.31 on Wednesday.
Biomarin Pharmaceutical Inc. (NASDAQ: BMRN): Jefferies resumed coverage with a Buy rating and a $100 price target. The consensus target is higher at $110.17, and Wednesday’s closing trade was $77.87 per share.
Box Inc. (NYSE: BOX): Morgan Stanley lowered its Overweight rating to Equal Weight with a $29 price target. The consensus target is $28.57. The stock closed on Wednesday at $25.35.
Citrix Systems Inc. (NASDAQ: CTXS): Citigroup downgraded the shares to Neutral from Buy, and it cut the price target to $115 from $140. The consensus target is $116.43. The last trade for Wednesday hit the tape at $105.96.
CubeSmart (NASDAQ: CUBE): Berenberg started coverage with a Hold rating and a $52 price target. The consensus target is $53.56. The stock closed on Wednesday at $49.06.
DigitalBridge Group Inc. (NASDAQ: DBRG): The Outperform rating at Raymond James was raised to Strong Buy, and the firm lifted the price target to $9.00 from $8.50. The consensus price objective is $9.67. The stock added over 4% on Wednesday and closed at $6.10. the shares tacked on an additional 4% in Thursday’s premarket.
East West Bancorp Inc. (NASDAQ: EWBC): Wells Fargo upgraded the shares to Overweight from Equal Weight and raised the target price to $95 from $80. That compares with a $91.09 consensus target and Wednesday’s final print of $78.33 per share.
Exelixis Inc. (NASDAQ: EXEL): Jefferies started coverage with a Buy rating and a $28 price target. The consensus target is higher at $31.83. The stock closed at $20.90 on Wednesday.
Extra Space Storage Inc. (NYSE: EXR): Berenberg started coverage with a Buy rating and a $198 price target. The consensus target is $193.64. The shares closed on Wednesday at $170.53.
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