Monday's Top Analyst Upgrades and Downgrades: AMD, Amazon, Apple, Bank of America, IBM, Lockheed Martin, Starbucks, Twitter and More

Pinterest Inc. (NASDAQ: PINS): BofA Securities resumed coverage with a Neutral rating and a $57 price target. The consensus target is up at $70.86. Friday’s last trade was posted at $44.64.

Piper Sandler Companies (NYSE: PIPR): Goldman Sachs reiterated a Buy rating on the broker-dealer and lifted the price target to $177 from $167. That compares with the lower $163.50 consensus target and Friday’s closing print of $164.69.

Shake Shack Inc. (NYSE: SHAK): Truist Securities raised the fast-food favorite to Buy from Hold but lowered the $101 target price to $90. The consensus target is $96.80. Friday’s closing trade came in at $69.17 a share.

Starbucks Corp. (NASDAQ: SBUX): Stephens raised its Equal Weight rating on the ubiquitous coffee retailer’s stock to Overweight and boosted the target price to $130 from $118. The consensus target is $123.19. The stock closed Friday at $106.07, down almost 7% on the day.

Twitter Inc. (NYSE: TWTR): Worse than the big earnings miss is rising doubt about user and revenue targets, says Zacks, which selected this as the Bear of the Day. Shares closed most recently at $53.54 and have a $68.74 consensus price target.

United States Steel Corp. (NYSE: X): Goldman Sachs maintained a Sell rating on the venerable industrial giant despite the company posting solid results that beat estimates. The analyst has a $24 price target, which compares with the higher $30.95 consensus. The closing print on Friday was $26.39, which was up almost 13% on the strong earnings results.

Western Digital Corp. (NASDAQ: WDC): Though Stifel reiterated a Buy rating on the hard disk drive leader, the firm slashed the price target to $97 from $115. Despite better than expected results, forward guidance was very disappointing. The stock has traded as high at $78.19 in the past year but ended last week at $52.29, down almost 9% after the report.

In this massively overbought market, health care stocks could benefit from a shift toward more defensive sectors. Five health care stocks offer strong balance sheets, attractive dividend yields and improved cost structures, and they are Buy rated by top analysts.

See what Cathie Wood’s ARK Invest has been buying and selling most recently and why Bakkt and Lucid were among the meme stock movers early Monday.

Friday’s early top analyst upgrades and downgrades included, Decker’s Outdoors, eBay, Hilton Worldwide, KLA, McDonald’s, ServiceNow, Starbucks, Teladoc and Yum Brands. Analyst calls seen later in the day were on Altria, Apple, Caterpillar, IBM and more.

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