Investing

Monday's Top Analyst Upgrades and Downgrades: AT&T, Deere, Eli Lilly, 3M, Starbucks, Roblox, Tapestry, Tesla and More

Playtika Holding Corp. (NASDAQ: PLTK): D.A. Davidson started coverage with a Buy rating and a $25 price target. The consensus is higher at $32.70. The stock closed at $17.76 on Friday.

Roblox Corp. (NYSE: RBLX): Needham started coverage with a Buy rating and a $136 price target. The consensus price objective is $114.40. The stock popped almost 8% on Friday to close at $102.40.

Six Flags Entertainment Corp. (NYSE: SIX): Credit Suisse upgraded the theme park leader to Outperform from Neutral and nudged the $52 target price to $53. The consensus target is $53.44. The stock ended trading on Friday at $40.23.

Starbucks Corp. (NASDAQ: SBUX): Baird’s downgrade of the ubiquitous coffee retailer to Neutral from Outperform included a target price cut to $116 from $126. The consensus target is $123.39. The last trade on Friday was reported at $108.63, down over 4%.

Tapestry Inc. (NYSE: TPR): Zacks named this stock its Bull of the Day. The analyst says that this luxury retailer posted impressive growth last quarter and 2022 could be a record year. The shares most recently closed at $41.26 and have a consensus price target of $56.06, which would be a 52-week high.

Tesla Inc. (NASDAQ: TSLA): Guggenheim started coverage of the electric vehicle colossus with a Neutral rating and a $924 price target. This compares with an $849.64 consensus target and Friday’s final print of $932.57.

3M Co. (NYSE: MMM): Mizuho started coverage of the industrial heavyweight with a Neutral rating and a $180 price target. The consensus target is $187.22. The shares closed down 2% on Friday at $174.75.

Williams Companies Inc. (NYSE: WMB): Citigroup downgraded the stock to Neutral from Buy and trimmed the target price to $27 from $28. The consensus target is $31.26. The shares closed Friday at $25.79.


A new BofA Securities research report features 11 top stock picks for 2022, one for each recognized sector. For investors looking to add stocks for a diversified portfolio for the coming year, this is an outstanding list to work from.

Friday’s top analyst upgrades and downgrades included Bank of New York Mellon, Canoo, Cigna, Fiserv, Invesco, Merck, ONEOK, Progressive, Robinhood Markets, Ross Stores and Wayfair.

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