Investing

Wednesday Afternoon Analyst Upgrades and Downgrades: Altria, BP, Peloton, Pfizer and More

LoanDepot Inc. (NYSE: LDI): Piper Sandler upgraded it to an Overweight rating from Neutral but trimmed the price target to $8 from $9. Shares were trading around $5 on Wednesday, and the consensus target price is $9.62.

Murphy Oil Corp. (NYSE: MUR): Wells Fargo’s upgrade was to Equal Weight from Underweight. Shares were trading around $31 on Wednesday, and the consensus target price is $32.56.

Northrop Grumman Corp. (NYSE: NOC): Jefferies downgraded it to Hold rating Buy and has a $410 price target. Shares were trading around $393 on Wednesday. The 52-week range is $282.88 to $408.03.

Occidental Petroleum Corp. (NYSE: OXY): Wells Fargo lowered its Equal Weight rating to Underweight and cut the $35 price target to $29. Shares were trading around $34 on Wednesday, and the consensus target price is $41.04.

Peloton Interactive Inc. (NASDAQ: PTON): JPMorgan reiterated an Overweight rating but cut the price target to $50 from $70. Shares were trading around $34 on Wednesday, and the 52-week trading range is $32.39 to $171.09.

Pfizer Inc. (NYSE: PFE): BofA Securities upgraded the stock to Buy from Neutral and raised the price target to $70 from $59. Shares were trading around $55 on Wednesday. The 52-week range is $33.36 to $61.71.

Pinterest Inc. (NYSE: PINS): Piper Sandler’s upgrade was to Overweight from Neutral, and the firm cut the $58 price target to $53. Shares were trading around $34 on Wednesday, and the 52-week trading range is $32.42 to $89.90.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): BofA Securities downgraded it to Underperform from Neutral and cut the price target to $575 from $675. The 52-week trading range is $441.00 to $686.62, and shares were last seen trading near $608.

Salesforce.com Inc. (NYSE: CRM): UBS downgraded it to a Neutral rating from Buy, and it cut the price target to $265 from $315. Shares were trading around $234 on Wednesday, and the 52-week trading range is $201.51 to $311.75.

3M Co. (NYSE: MMM): The RBC Capital Markets downgrade was to Underperform from Sector Perform. The 52-week trading range is $163.38 to $208.95, and shares were last seen trading near $179.


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