Investing

Wednesday’s Top Analyst Upgrades and Downgrades: Analog Devices, Constellation Brands, Dow, LyondellBasell, On Semiconductor, Plug Power, Workday and More

International Paper Co. (NYSE: IP): Truist Securities started coverage with a Hold rating and a $50 price target. That compares with the $63.32 consensus and Tuesday’s closing print of $55.74.

LyondellBasell Industries N.V. (NYSE: LYB): Mizuho started coverage of the chemical leader’s stock with a Buy rating and a $125 price target. The consensus target is $117.13. The stock closed at $96.86 on Tuesday.

Microchip Technology Inc. (NASDAQ: MCHP): UBS started coverage with a Neutral rating and a $154 price objective. The higher $181.65 consensus target also compares with Tuesday’s closing trade of $140.99.

Nutrien Ltd. (NYSE: NTR): Zacks has selected this as its Bull of the Day stock. The analyst points out that fertilizer prices are soaring and so are this company’s earnings. Shares last closed at $70.62, and the consensus price target is $76.25.

ON Semiconductor Corp. (NYSE: ON): UBS started coverage with a Neutral rating and a $46 price target. The consensus target is up at $53.84. Tuesday’s last trade was reported at $42.35.

Plug Power Inc. (NASDAQ: PLUG): Morgan Stanley upgraded the stock to Overweight from Equal Weight and also raised the price target to $40 from $30. The consensus target is $42.51. The stock closed Tuesday at $29.78, which was up almost 8% for the day. It added an additional 7% in premarket action.

Sherwin-Williams Co. (NYSE: SHW): Mizuho started coverage of the paint giant with a Buy rating and a $352 price objective. The consensus target is $308.70. The stock closed on Tuesday at $291.86.

Workday Inc. (NASDAQ: WDAY): D.A. Davidson began coverage with a Buy rating and a $300 price target. The consensus target is $306.10. The stock was last seen on Tuesday at $257.19.


Five dividend-paying sin stocks look like outstanding values now and may be just the ticket for worried investors not bothered by these industries. The stocks are all rated Buy and should hold up well in a swift sell-off and in a protracted bear market.

Wednesday’s early meme stock movers included Camber Energy, ESS and Vinco Ventures.

Tuesday’s early top analyst upgrades and downgrades included Airbnb, Archer Daniels Midland, DraftKings, MGM Resorts International, Nike and Square. Analyst calls seen later in the day were on Livent, Penn National, Toyota and more.

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