Investing

Friday's Top Analyst Upgrades and Downgrades: Caesars, Charter, Corning, GE, Home Depot, Plug Power, 3M and More

Caesars Entertainment Inc. (NYSE: CZR): Stifel raised the price target on the gaming giant to $138 from $130 while keeping a Buy rating on the stock. The consensus target is $128.33. The stock closed on Thursday at $116.15.

Carrier Global Corp. (NYSE: CARR): Wells Fargo started coverage with an Equal Weight rating and a $51 price target. The consensus target is $59.58. Thursday’s final trade was reported at $53.35.

Charter Communications Inc. (NASDAQ: CHTR): Wells Fargo downgraded shares of the communications and cable giant to Underweight from Overweight and reduced the target price to $665 from $848. The consensus target is up at $826.72. The stock was last seen on Thursday trading at $741.95.

Conagra Brands Inc. (NYSE: CAG): JPMorgan downgraded the shares to Neutral from Overweight and has a $38 price target. The consensus target is $36.50. The stock closed on Thursday at $34.22.

Corning Inc. (NYSE: GLW): Deutsche Bank started coverage of the optical giant with a Buy rating and a $45 price target. The consensus target is $48.45. The shares closed at $36.94 on Thursday.

Denny’s Corp. (NASDAQ: DENN): Oppenheimer started coverage of the ubiquitous restaurant chain with a Hold rating and a $17 price target. The consensus price objective is higher at $19.13. The stock closed on Thursday at $16.40.

Equinox Gold Corp. (NYSEAMERICAN: EQX): Zacks selected this Canadian gold miner as its Bear of the Day stock. The analyst pointed out that gold found support at its March double-bottom lows near $1,675, but the miners have stayed underwater. Shares last closed at $7.33, and the consensus price target is $10.00.

Fastenal Co. (NASDAQ: FAST): Wells Fargo’s downgrade to Underweight from Equal Weight included a price target cut from $50 to $45. The consensus target is up at $52.78. The stock closed trading on Thursday at $52.72.


General Electric Co. (NYSE: GE): Wells Fargo started coverage of the legacy industrial leader with an Equal Weight rating and a $107 target price. The consensus is $119.48. The shares closed Thursday at $105.51.

Home Depot Inc. (NYSE: HD): Loop Capital lowered its Buy rating on the do-it-yourself retail leader to Hold, and it cut the $370 target price to $325. The consensus target is $346, and Thursday’s closing print was $337.48.

Hormel Foods Corp. (NYSE: HRL): JPMorgan raised the consumer staples giant’s stock to Neutral from Underweight and has a $42 price target. The consensus target $45.56. The final trade for Thursday was reported at $41.34.

Lowe’s Companies Inc. (NYSE: LOW): Loop Capital downgraded the retail giant from Buy to Hold with a $220 price target. The consensus target for is $232.10. The stock closed Thursday at $207.90 a share.

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