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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
STMicroelectronics N.V. (NYSE: STM): Baird raised the stock to Outperform from Neutral and lifted the target price to $62 from $50. The consensus target is $58.22. The stock closed on Friday at $45.46 a share, which was up almost 4% on the day.
Tapestry Inc. (NYSE: TPR): Though Citigroup upgraded the stock to Buy from Neutral, it also sliced the target price to $48 from $50. That compares with the $55.62 consensus target and Friday’s $37.63 closing print.
Target Corp. (NYSE: TGT): RBC Capital Markets started coverage of the popular retail giant with an Outperform rating and a $278 target price. The consensus target is $280.40. The shares were last seen on Friday at $217.67.
Teradyne Inc. (NASDAQ: TER): Craig Hallum upgraded the shares to Buy from Hold and has a $138 price target. The consensus target is $154. Friday’s closing trade was reported at $112.12 per share.
Veeva Systems Inc. (NYSE: VEEV): Truist Security started coverage with a Buy rating and a $275 price target. The consensus target is higher at $317.57. The last trade on Friday was reported at $224.74, up almost 5% on the day.
Williams-Sonoma Inc. (NYSE: WSM): Though RBC Capital Markets upgraded the popular retailer to Outperform from Sector Perform, it also trimmed the $219 price target to $202. The consensus target is just $191.56. The stock was last seen Friday at $154.81, up close to 6% for the day.
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Friday’s top analyst upgrades and downgrades included Abbott Laboratories, ArcelorMittal, AT&T, Chewy, Clean Energy Fuels, Fisker, Freeport-McMoRan, Intel, Las Vegas Sands, Lennar, Marathon Digital, Seagate Technology, Twilio and Walmart.
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