Investing
Monday's Top Analyst Upgrades and Downgrades: Agnico-Eagle Mines, Autozone, ChargePoint, Corning, QuantumScape, STMicroelectronics, Tapestry, Target and More
January 31, 2022 8:35 am
Last Updated: January 31, 2022 10:27 am
Cambium Networks Corp. (NASDAQ: CMBM): Raymond James upgraded the shares to Strong Buy from Market Perform and has a $35 price target. The consensus target is much higher at $52.86. The final trade on Friday hit the tape at $22.88, which was up a stunning 13% on basically no news.
ChargePoint Holdings Inc. (NASDAQ: CHPT): JPMorgan upgraded the stock from Neutral to Overweight with a $20 price target. The consensus target is up at $31.06. Friday’s final trade was for $12.65 a share, after they shot up 11% on the day.
Columbia Sportswear Co. (NASDAQ: COLM): Seaport Research Partners upgraded the stock to Buy from Neutral and has a $120 target price. The consensus target is $115. The stock closed over 3% higher on Friday to $89.94.
Corning Inc. (NYSE: GLW) Susquehanna upgraded the legacy fiber optics giant to Positive from Neutral and boosted the $38 target price to $50. The consensus target is $45.92. The final trade on Friday was posted at $42.12, up close to 4% on the day.
Crown Castle International Corp. (NYSE: CCI): Raymond James raised its Market Perform rating to Outperform with a $184 price objective. The consensus target is up at $200.53, and the closing print on Friday of $180.68 was up over 5% for the day.
General Dynamics Corp. (NYSE: GD): Wolfe Research raised the aerospace and defense heavyweight to Peer Perform from Underperform. Over the past year, the shares have traded in a range of $146.53 to $214.70, and they have a $235.50 consensus price objective. The closing share price on Friday was $212.82.
Hexcel Corp. (
NYSE: HXL): UBS upgraded the shares from Sell to Neutral with a $52 price target. The consensus target is $58.08. The stock closed trading on Friday at $50.25.
Laboratory Corp. of America Holdings (NYSE: LH): Deutsche Bank cut its rating on the stock to Hold from Buy and lowered the price target to $294 from $330. The consensus target is $342.47. The stock was last seen on Friday at $270.08.
QuantumScape Corp. (NYSE: QS): UBS started coverage on the electric vehicle battery maker with a Neutral rating and an $18 target price. The consensus target is $29.40. The stock closed on Friday at $14.42.
Quest Diagnostics Inc. (NYSE: DGX): Deutsche Bank downgraded the shares to Hold from Buy and slashed the price target to $129 from $190. The consensus target is $168.40. Friday’s last trade was reported at $134.85.
Reliance Steel & Aluminum Co. (NYSE: RS): Wolf Research raised the shares to Peer Perform from Underperform and bumped the $156 target price to $159. The consensus target is $179.13. The last trade on Friday was reported at $151.59.
Skillsoft Corp. (NYSE: SKIL): Colliers Securities started coverage with a Buy rating and a $13 target price. The consensus target is $13.50. Friday’s closing share price was $7.14.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Read more:
Investing, AAP, AEM, APP, AZO, BAH, CCI, CHPT, COLM, DGX, GD, GLW, HXL, LH, QS, RS, SKIL, STM, TER, TGT, TPR, VEEV, WSM, Active Trader, Analyst Downgrades, Analyst Upgrades