Investing

Friday's Top Analyst Upgrades and Downgrades: Boeing, Freeport-McMoRan, Intel, Moderna, Nvidia, Southwest Air and More

Cinemark Holdings Inc. (NYSE: CNK): Wells Fargo started coverage on the movie theatre giant’s shares with an Equal Weight rating and a $22 price target. The consensus target is $23.46. The stock ended Thursday’s trading at $19.79.

Coterra Energy Inc. (NYSE: CTRA): The Goldman Sachs upgrade was from Hold to Buy with a $25 price target. The consensus target is just higher at $25.90. The stock pulled back almost 3% on Thursday to close at $20.78 a share.

Fastly Inc. (NYSE: FSLY): This cloud company was named as the Bull of the Day at Zacks. The analyst says that all eyes will be on the November 3 report as the growth hiccup appears over and big customers have stayed on board. Shares most recently closed at $49.58, though the consensus price target was last seen down at $37.43.

Fluor Corp. (NYSE: FLR): BofA Securities resumed coverage with an Underperform rating and a $17 price target. The consensus target is up at $20.57. The stock closed at $18.37 per share on Thursday.

Freeport McMoRan Inc. (NYSE: FCX): Deutsche Bank’s downgrade of the mining giant to Hold from Buy included a target price trim to $43 from $46. The consensus target is $42.52. The stock was last seen on Thursday trading at $38.42 a share.


GasLog Partners L.P. (NASDAQ: GLOP): Jefferies upgraded the shares to Buy from Hold and lifted the $5 target price to $6.50. The consensus target is $4.50, and shares closed on Thursday at $4.54.

Intel Corp. (NASDAQ: INTC): UBS downgraded the legacy chip giant to Neutral from Buy and cut the price target to $58 from $73. Morgan Stanley also lowered its Overweight rating to Neutral and slashed the price objective from $67 to $55. The consensus target is $61.87. The stock closed on Thursday at $56, but the shares were rocked in the premarket, down over 10%, after posting very disappointing third-quarter results.

Invesco Ltd. (NYSE: IVZ): Evercore ISI upgraded the shares of the money management giant to In Line from Underperform, and the firm has a $28 price target. The consensus target is $30. The stock closed at $25.00 on Thursday.

Marsh & McLennon Companies Inc. (NYSE: MMC): Raymond James upgraded it to Outperform from Underperform and has a $185 price target. The consensus target is $167.75, which is below Thursday’s close at $168.43.

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