Wednesday's Top Analyst Upgrades and Downgrades: Adobe, Alcoa, Apple, Boeing, Palantir, Urban Outfitters, Tyson Foods, Wendy's and More

Poshmark Inc. (NASDAQ: POSH): Cowen downgraded the shares to Market Perform from Outperform and slashed the $42 target price to $22. The consensus target is $28.70. The stock was last seen on Tuesday at $20.81.

Skechers USA Inc. (NYSE: SKX): Zacks selected this as its Bear of the Day stock, suggesting that supply-chain challenges have stopped this stock from running. The shares last closed at $48.01, and the consensus price target is $61.42.

Splunk Inc. (NASDAQ: SPLK): Credit Suisse initiated coverage with an Outperform rating and a $225 price target. The consensus target is just $179.29. Tuesday’s last trade was recorded at $141.39.

Tyson Foods Inc. (NYSE: TSN): BofA Securities kept a Neutral rating on the shares but lifted the target price to $90 from $85. Stephens reiterated its Overweight rating and boosted the $95 target price on the stock to $100. The consensus target is $88.17. The stock was last seen Tuesday at $83.58.

Urban Outfitters Inc. (NASDAQ: URBN): B. Riley Securities raised its Neutral rating on the popular clothing retailer to Buy, and the $36 price target increased to $45. The consensus target is $42.80. The final trade for Tuesday was filled at $37.65.

Warner Music Group Corp. (NASDAQ: WMG): BofA Securities downgraded the stock to Neutral from Buy and cut the target price to $42 from $53. The consensus target is $46.38, and the stock pulled back almost 4% on Tuesday to close at $43.64.

Wendy’s Co. (NYSE: WEN): Argus downgraded the popular fast-food stock to Hold from Buy. Over the past 52 weeks, shares have traded between $18.86 and $29.46, and they have a consensus price objective of $26.29. The final trade for Tuesday was at $21.76 a share.

Workday Inc. (NASDAQ: WDAY): The UBS upgrade to Buy from Neutral included a target price boost to $370 from $255. The consensus target is $315.23. Tuesday’s closing price was $299.84 per share.

24/7 Wall St. screened the BofA Securities research universe database looking for the mega-retailers that look poised to cash in this year. Five stocks are all rated Buy and look like excellent choices for investors looking to add retail exposure in front of the holiday season.

Tuesday’s top analyst upgrades and downgrades included Cisco Systems, FuboTV, PayPal, Petco Health and Wellness, Robinhood Markets, ServiceNow, Snowflake, Southwest Airlines, TotalEnergies and Wayfair.

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