Investing

Monday's Top Analyst Upgrades and Downgrades: Carvana, Cloudflare, Comcast, Conoco, Exxon, Eli Lilly, SoFi, Starbucks and More

Alpha and Omega Semiconductor Ltd. (NASDAQ: AOSL): This was named as the Bull of the Day stock at Zacks, which said that the well-documented chip shortage is leaving some companies with huge profits. Shares most recently closed at $31.53 and have a consensus price target of $44.67.

Carvana Co. (NYSE: CVNA): Wedbush upgraded the stock to Outperform from Neutral and lifted the price objective to $360 from $350. That compares with a $392.90 consensus target and Friday’s last trade at $282.43 per share.

ChemoCentryx Inc. (NASDAQ: CCXI): SVB Leerink raised its Market Perform rating to Outperform with a $64 price target. The consensus target is $62. The last trade on Friday was reported at $38.41, which was up a stunning 95% on the day after the company received FDA approval for Tavneos.

Cloudflare Inc (NYSE: NET): Though Piper Sandler downgraded the cybersecurity stock to Neutral from Overweight, it also raised the target price $141 from $121. The consensus price objective is $124.63.

Cogent Biosciences Inc. (NASDAQ: COGT): H.C. Wainwright started coverage with a Buy rating and a $25 price target. The posted consensus target is $19.83. The stock was last seen on Friday at $7.60, which was down over 5% for the day.

Comcast Corp. (NASDAQ: CMCSA): Raymond James downgraded the cable and broadcasting giant to Market Perform from Outperform. The stock has traded in a 52-week range of 440.97 to $61.80 and has a $66.96 consensus price objective.


ConocoPhillips (NYSE: COP): Goldman Sachs downgraded the energy giant to Neutral from Buy on a valuation basis, and it has a $76 price target. The consensus target is $78.49. The last trade on Friday was reported at $74.92.

Constellation Brands Inc. (NYSE: STZ): Goldman Sachs reiterated a Buy rating on the spirits leader and believes the current weakness in the stock presents a nice entry point for investors looking for a strong recovery play. The firm has a $275 price target, which compares with the lower $262.18 consensus and Friday’s closing print of $219.66.

Eli Lilly and Co. (NYSE: LLY): The Berenberg upgrade of the legacy pharmaceutical giant to Buy from Hold included a price target hike to $270 from $240. The stock has traded as high as $275.87 in the past 52 weeks but ended Friday’s trading at $233.94.

EMX Royalty Corp. (NYSE: EMX): H.C. Wainwright started coverage with a Buy rating and a $4.50 price target. That was well above Friday’s $2.53 per share closing price.