Wednesday's Top Analyst Upgrades and Downgrades: Chevron, GE, Intel, Livent, Match, Riot Blockchain, Sirius XM, Under Armour and More

Sirius XM Holdings Inc. (NASDAQ: SIRI): Wells Fargo cut its Overweight rating on the satellite radio giant to Neutral and trimmed the target price to $7 from $8. The consensus target is $7.48, and the last trade on Tuesday was reported at $6.17.

Skechers USA Inc. (NYSE: SKX): Wedbush upgraded shares of the popular shoe company to Outperform from Neutral and raised the $47 price target to $54. The consensus target is $61.42. The last trade Tuesday was reported at $46.44, almost a 5% gain for the day.

StoneCo Ltd. (NASDAQ: STNE): UBS downgraded the shares to Neutral from Buy and slashed the price target to $21 from $47. The consensus target is $38.79. The stock was last seen Tuesday at $17.07, which was down almost 12% for the day. Group Ltd. (NASDAQ: TCOM): New Street raised its Neutral rating to Buy with a $30 price target. The consensus target is higher at $38.33. The final trade for Tuesday was posted at $25.69.

Under Armour Inc. (NYSE: UAA): Baird upgraded the shares to Outperform from Neutral and has a $32 price target on the popular sports apparel stock. The consensus target is $29.50. The stock closed on Tuesday at $21.48.

Warner Music Group Corp. (NYSE: WMG): Jefferies lifted the shares to Buy from Hold and boosted the price objective to $50 from $41. The consensus target is $47.06. The most recent close was reported at $41.27, after pulling back almost 4% on the day.

Zimmer Biomet Holdings Inc. (NYSE: ZBH): Piper Sandler downgraded the medical devices company to Neutral from Overweight and lowered the target price to $135 from $185. The consensus target for the stock is $165.42. Tuesday’s closing trade came in at $130.44 per share.

The top 10 ideas for the first quarter of 2022 from BofA Securities look like outstanding stock picks for growth investors who are a little worried about the potential for volatility this year.

Tuesday’s early top analyst upgrades and downgrades included Broadcom, Carrier Global, Canadian Pacific Railway, Coca-Cola, Eli Lilly, Marvell Technology, Pfizer, Regions Financial, Stryker, Synchrony Financial, Tesla and Zillow. Analyst calls seen later in the day were on BP, JPMorgan, PepsiCo, Pinterest and more.

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