Investing

Wednesday's Top Analyst Upgrades and Downgrades: Clorox, Exxon, Ford, Lyft, Shopify, Splunk, T-Mobile, Under Armour and More

Estee Lauder Companies Inc. (NYSE: EL): Goldman Sachs kept a Neutral rating despite solid earnings and the company raising its dividend 13%. The analyst has a $341 price target, which compares with the higher $364.88 consensus and Tuesday’s final print of $338.62, which was up over 4% for the day.

Exact Sciences Corp. (NASDAQ: EXAS): The Raymond James downgrade to Outperform from Strong Buy included a price target cut to $130 from $160. The posted consensus target is $147. The final trade for Tuesday came in at $95.63.

Exxon Mobil Corp. (NYSE: XOM): Zacks named this as its Bull of the Day stock. The analyst pointed out that this energy giant is benefiting from increased demand and higher oil prices. The stock most recently closed at $64.82 and has a consensus price target of $70.64, which would be a 52-week high.

Ford Motor Co. (NYSE: F): Jefferies raised the $17 price target on the venerable carmaker to $20 while reiterating a Buy rating on the shares. The consensus target is $16.96. Tuesday’s last trade was reported at $18.01.

Franklin Resources Inc. (NYSE: BEN): Citigroup upgraded the venerable mutual fund giant to Buy from Neutral and boosted the price target to $43 From $32.50. The consensus target is $32.39. The shares closed on Tuesday at $37.68, after an over 7% gain in the wake of stellar third-quarter results.

Gartner Inc. (NYSE: IT): Goldman Sachs raised its price target on the shares from $332 to $381 and reiterated a Buy rating. The consensus target is $317.86. The stock popped almost 4% on Tuesday to close at $339.69.


Generac Holdings Inc. (NYSE: GNRC): UBS downgraded the stock from Buy to Neutral with a $500 price target. The consensus target is higher at $511.65. The last trade for Tuesday was reported at $483.58.

Leidos Holdings Inc. (NYSE: LDOS): Goldman Sachs reiterated a Buy rating on the stock, which is on the firm’s Conviction List of top picks. The firm’s $124 price target is well above the $116.30 consensus figure. The final trade on Tuesday was reported at $98.17, which was down almost 3% on the day.

Lyft Holdings Inc. (NASDAQ: LYFT): Goldman Sachs maintained a Neutral rating on the ride-sharing stock, despite the company beating third-quarter estimates, with stronger revenue growth driven by the brick-and-mortar recovery across the Americas and EMEA. The analyst has a $64 price target, which is less than the $69.21 consensus target but above Tuesday’s closing share price of $45.32.

Shake Shack Inc. (NYSE: SHAK): MKM Partners kept a Neutral rating on the fast-food favorite while cutting the target price to $83 from $103. The consensus target is $94.73. The shares were last seen Tuesday at $70.99, down almost 5% for the day after a disappointing earnings report.

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