Tuesday's Top Analyst Upgrades and Downgrades: ADM, Airbnb, Charter Communications, Citrix Systems, DraftKings, MGM Resorts, Nike, Square and More

Lumentum Holdings Inc. (NASDAQ: LITE): Raymond James downgraded the shares from Strong Buy to Outperform with a $96 price target. That compares with the $95.88 consensus target and Monday’s closing print of $85.54.

MGM Resorts International (NYSE: MGM): Credit Suisse raised its Neutral rating on the gambling giant’s stock to Outperform and lifted the $33 price target to $68. The consensus target is $47.49. The final trade Monday hit the tape at $44.42.

Nike Inc. (NYSE: NKE): Goldman Sachs started the sports shoe and apparel giant with a Buy rating and a $172 price target. The consensus target is up at $180.97. The last trade for Monday came in at $150.28.

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI): Zacks has selected this as its Bear of the Day stock. The analyst says that this discount retailer is feeling the pain of tough year-on-year comparisons and a disrupted supply chain. Shares closed most recently at $61.12 apiece and have a consensus price target of $84.57.

Revolve Group Inc. (NYSE: RVLV): Because a big celebrity hire coupled with strong earnings is pushing this fashion-forward retail stock higher, Zacks has named it the Bull of the Day. Shares last closed at $67.74, and the consensus price target is $71.88.

Square Inc. (NYSE: SQ): Atlantic Equities raised its Neutral rating to Overweight with a $300 price target. The consensus target is $301.32. The stock closed Monday at $232.33, down almost 3% for the day, but shares bounced back in the premarket, up just shy of 2%.

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Monday’s early top analyst upgrades and downgrades included Carvana, Cloudflare, Comcast, ConocoPhillips, Constellation Brands, Exxon Mobil, Eli Lilly, SoFi Technologies and Starbucks. Analyst calls seen later in the day were on Charter Communications, DraftKings, Taiwan Semiconductor and more.

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