Investing

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

Moderna Inc. (NASDAQ: MRNA): Deutsche Bank started coverage on the COVID-19 vaccine maker with a Sell rating and a $250 price target. The much higher consensus is $340.17, and Thursday’s final trade was reported at $339.57 per share.

Nvidia Corp. (NASDAQ: NVDA): Summit Insight’s upgrade was to Buy from Sell. The stock has traded in a 52-week range of $115.67 to $230.43, and it has a consensus price target of $230.45.

PagerDuty Inc. (NYSE: PD): Zacks selected this as its Bull of the Day stock. The analyst says that profits may have to wait while this first-responder for enterprise DevOps still grows sales. Shares last closed at $42.65 and have a consensus price target of $57.33.

Southwest Airlines Co. (NYSE: LUV): Evercore ISI downgraded the popular low-cost carrier to In Line from Outperform, and it dropped the $55 price target to $48. The much higher consensus target is $64.87. The last trade for Thursday was reported at $48.66 a share.

Southwestern Energy Co. (NYSE: SWN): Goldman Sachs resumed coverage with a Neutral rating and a $5.25 price target. The consensus target is $7.13. The stock was closed on Thursday at $4.94.

Urban Outfitters Inc. (NASDAQ: URBN): Though Citigroup upgraded the popular clothing chain to Buy from Neutral, it also trimmed the target price to $40 from $44. The $43.07 consensus target is well above Thursday’s closing print of $30.38.

Valens Semiconductor Ltd. (NYSE: VLN): Citigroup started coverage with a Buy rating and a $13 price target. The consensus target is up at $16.50. The stock closed on Thursday at $7.67.

Zoom Video Communications Inc. (NASDAQ: ZM): JPMorgan raised the shares to Overweight from Neutral and have a $385 price target. The consensus target is $369.43. The stock closed trading at $274.78 on Thursday.


While five analyst favorite stock picks may not be making any parabolic moves higher soon, they are safer ideas for nervous growth and income investors looking to reset portfolios for the rest of the year.

Thursday’s early top analyst upgrades and downgrades included Activision Blizzard, Biogen, Carnival, Krispy Kreme, Lam Research, Las Vegas Sands, Tesla and Zoom Video. Analyst calls seen later in the day were on Krispy Kreme, Live Nation, Twilio and more.