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Monday's Top Analyst Upgrades and Downgrades: Apple, Coca-Cola, CommScope, Coupa Software, HubSpot, Merck, NetApp, Pfizer, Shopify and More
December 13, 2021 8:56 am
Last Updated: December 14, 2021 7:36 am
Merck & Co. Inc. (NYSE: MRK) UBS downgraded the drug giant to Neutral from Buy but slashed the target price to $76 from $98. The consensus target is $94.40. The stock ended trading on Friday at $72.62.
NetApp Inc. (NASDAQ: NTAP): JPMorgan upgraded it to Overweight from Neutral and nudged the price target to $110 from $108. That is versus the consensus target of $99.75 and Friday’s closing print of $89.32.
Northwestern Corp. (NYSE: NWE): Wells Fargo lowered the stock Equal Weight from Overweight but nudged the price target up to $59 from $58. The consensus target is $63.43. The shares closed Friday at $56.48.
Parker-Hannifin Corp. (NYSE: PH) Goldman Sachs resumed coverage with a Buy rating and a $375 target price. The consensus is set lower at $369.69. The stock was last seen Friday at $318.93.
Pfizer Inc. (NYSE: PFE): UBS raised the pharmaceutical giant to Buy from Hold and has a $60 price target. The consensus target is posted at $51.80. The shares closed Friday at $52.78.
PNM Resources Inc. (NYSE: PNM): Wells Fargo raised the stock from Equal Weight to Overweight with a $50 price target. The consensus target is $48.87. The shares ended trading Friday at $45.56.
Shopify Inc. (NASDAQ: SHOP): Goldman Sachs initiated coverage with a Neutral rating, to go along with a $1,570 target price. The consensus target is considerably higher at $1,675. The stock closed Friday at $1,461.58.
Spirit Airlines Inc. (NYSE: SAVE): Seaport Research Partners raised the no-frills airline to Buy from Neutral and has a $33 price target. The consensus price objective is $33 as well. The stock closed Friday at $22.99.
TaskUs Inc. (NASDAQ: TASK): Morgan Stanley raised the stock to Overweight from Equal Weight and boosted the price target to $55 from $37. The consensus target is $66.17. The stock closed Friday at $42.39.
Timken Co. (NYSE: TKR): Goldman Sachs downgraded the shares to Neutral from Buy and cut the target price to $73 from $85. The consensus target is $85.89. The shares were last seen Friday at $68.12.
Warner Music Group Corp. (NASDAQ: WMG): Redburn raised its Sell rating to Buy. Over the past 52 weeks, the shares have traded in a range of $31.50 to $50.23, and they have a $46.75 consensus price objective. The final trade on Friday was reported at $40.81.
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Friday’s top analyst upgrades and downgrades included Altice USA, AppLovin, Biogen, Bristol-Myers Squibb, Broadcom, Ciena, Cloudflare, Denison Mines, Diageo, Eli Lilly, Rio Tinto and Southwest Airlines.
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