Thursday Afternoon Analyst Upgrades and Downgrades: Deere, NetApp, Petrobras, TJX and More
Thursday afternoon's analyst upgrades and downgrades included Deere, NetApp, Petrobras and TJX Companies.
Markets rallied on Thursday after a solid first round of bank earnings came in much stronger than expected. At the same time, weekly jobless claims hit a low since the pandemic began. Overall, positive signs like these fed optimism among investors and hopes that a strong economic recovery is underway.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day were on AT&T, Bed Bath & Beyond, Caterpillar, UPS, Walmart and more.
Acadia Pharmaceuticals Inc. (NASDAQ: ACAD | ACAD Price Prediction): Morgan Stanley downgraded the stock to an Equal Weight rating from Overweight and has a $20 price target. Shares were trading near $17 on Thursday, and the analysts’ consensus target price is $25.53.
Deere & Co. (NYSE: DE): Evercore ISI’s downgrade was to In-Line from Outperform. The 52-week trading range is $221.73 to $400.34, and the share price is near $330.
[nativounit]
NetApp Inc. (NASDAQ: NTAP): Citigroup upgraded it to Buy from Sell. Shares were last seen trading around $92, near the consensus price target of $92.76.
Petroleo Brasilero S.A. (NYSE: PBR): HSBC Securities lowered its Buy rating to Hold with a $12 price target. The 52-week range is $6.15 to $12.38, and the share price is roughly $13.33.
Ring Energy Inc. (NYSE: REI): Roth Capital upgraded the shares to Buy from Neutral and has a $4.75 price target. Shares were last seen near $4 apiece. The consensus price target is $4.30.
TJX Companies Inc. (NYSE: TJX): Loop Capital downgraded it from Buy to Hold and cut the $80 price target to $65. Shares were trading near $64 on Thursday, and the consensus price target is $84.
[recirclink id=971995]
Goldman Sachs continues to favor three telecom infrastructure stocks ahead of their earnings reports. Though the stocks have had a powerful run over the past few years, they have backed up nicely, offering long-term investors much better entry points.
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
