Investing

Thursday's Top Analyst Upgrades and Downgrades: Applied Materials, Bloom Energy, Corning, MetLife, PayPal, Plug Power, Shopify, Spotify, Texas Instruments and More

Corning Inc. (NYSE: GLW): Goldman Sachs upgraded the stock to Buy from Neutral and raised the price target to $50. The consensus target for the venerable fiber optics giant is $44.67. The stock closed Wednesday at $39.24, up over 11% after the company posted better than expected earnings and had solid forward guidance.

EVO Payments Inc. (NASDAQ: EVOP): Citigroup raised its Hold rating to Buy and boosted the target price to $28 from $26. The consensus target is $27.89. The shares were last seen at $23.21 on Wednesday.

F5 Inc. (NASDAQ: FFIV): Credit Suisse maintained an Outperform rating but trimmed the target price to $270 from $278, while BofA Securities reiterated a Buy rating and sliced the $285 price objective to $265. The consensus target is $249.43. The last trade on Wednesday was posted at $202.49, down close to 9% despite posting better than expected earnings.

Gatos Silver Inc. (NASDAQ: GATO): CIBC downgraded the miner to Neutral from Sector Outperform and slashed the $17 price target to $7. The consensus target is $15.20. The shares closed Wednesday at $3.17. That was down 68% after the company reported discrepancies in its reporting for mineral reserves in New Mexico, according to reports.

Heartland Express Inc. (NASDAQ: HTLD): Barclays cut the Equal Weight rating to Underweight and lowered the target price to $15 from $17. The consensus target is $18. The shares closed trading on Wednesday at $14.77, down almost 6% on the day.

International Flavors & Fragrances Inc. (NYSE: IFF): Stifel upgraded the shares to Buy from Hold and moved the price target to $160 from $155. The consensus price objective is $159.56. The last trade for Wednesday was reported at $133.23.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT): Barclays upgraded the trucking and shipping leader to Overweight from Equal Weight and lifted the target price to $235 from $220. The consensus target is $213.43. The final trade for Wednesday came in at $195.50.

Lam Research Corp. (NASDAQ: LRCX): KeyBanc Capital Markets began coverage of the chip equipment giant with a Sector Weight rating. Over the past year, the stock has traded in a wide range of $481.05 to $731.85, and it has a $744.63 consensus price objective. The stock closed Wednesday at $596.67.


Lumentum Holdings Inc. (NASDAQ: LITE): JPMorgan upgraded the stock from Neutral to Overweight with a $110 price target. That compares with a $112.79 consensus target and Wednesday’s close at $97.83.

MetLife Inc. (NYSE: MET): Jefferies started coverage with a Buy rating and a $74 price target. The consensus price objective is $74.58. The last trade on Wednesday was posted at $66.06.

Paychex Inc. (NASDAQ: PAYX): Zacks selected this as its Bull of the Day stock. The analyst suggests that growth, strong sales and record client retention make this HR/payroll provider a top candidate. Shares last closed at $113.57 and have a consensus price target of $132.09.

PayPal Holdings Inc. (NASDAQ: PYPL): BTIG Research maintained a Buy rating but slashed the target price to $270 from $345. The consensus price objective is $260.42, and Wednesday’s closing print was $156.98.

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