Investing

Tuesday's Top Analyst Upgrades and Downgrades: Alibaba, Ericsson, Mastercard, McDonald's, Micron Technology, Visa and More

Coca-Cola FEMSA SAB de C.V. (NYSE: KOF): Citigroup raised its Neutral rating to Buy with a $60 price target. That compares with a $60.95 consensus target and Monday’s final print of $53.07. The stock was down over 6% in Tuesday’s premarket trading.

Dover Corp. (NYSE: DOV): Wells Fargo raised the stock to Equal Weight from Underweight and raised the price target to $184 from $165 The consensus target for the stock is posted at $186.92. The shares were last seen Monday at $168.44.

Federal Realty Investment Trust (NYSE: FRT): JPMorgan upgraded the stock to Overweight from Neutral and also lifted the $135 target price to $142. The consensus target is $135.88. The stock closed on Monday at $127.62.

Genfit S.A. (NASDAQ: GNFT): H.C. Wainwright upgraded the shares to Buy from Neutral and has an $8 target price. The shares were last seen Monday at $5.65, which was up 11% for the day.

KLA Corp. (NASDAQ: KLAC): Wells Fargo raised the stock to Overweight from Equal Weight and boosted the price target to $500 from $360. The consensus is much lower at $431.90. The shares were last seen at $385.50. The stock is up almost 5% in premarket action.


Limelight Networks Inc (NASDAQ: LLNW): Raymond James raised its Market Perform rating to Strong Buy with a $5 price target. The consensus target is just $3.86, and shares ended trading Monday at $3.63, after rising over 12% on the day.

LM Ericsson (NASDAQ: ERIC): Morgan Stanley initiated coverage with an Equal Weight rating and a $13 price target. The consensus target is higher at $15.73. The final trade on Monday was reported at $10.47.

Mastercard Inc. (NYSE: MA): Wedbush reiterated its Buy rating on the credit card giant but lowered the price target on the stock to $380 from $400. The consensus price objective is $432.05. The last trade on Monday was reported at $337.02, which was down close to 4% for the day.

McDonald’s Corp. (NYSE: MCD): The Edwards Jones downgrade of the fast-food heavyweight was to Hold from Buy. Over the past year, the shares have traded between $202.73 and $266.89, and they have a $274.73 consensus price objective. Monday’s closing share price was $261.73.

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