Investing
Monday's Top Analyst Upgrades and Downgrades: AbbVie, Alibaba, Best Buy, Block, Coinbase, Foot Locker, Home Depot, Nvidia, Under Armour, Virgin Galactic and More
February 28, 2022 8:52 am
Last Updated: February 28, 2022 9:02 am
SeaWorld Entertainment Inc. (NASDAQ: SEAS): J.P. Morgan resumed coverage of the popular theme parks operator with a Neutral rating and a $70 target price. The consensus target is $72.78. The shares ended trading on Friday at $71.91, up close to 3% for the day.
Tenneco Inc. (NYSE: TEN): Jefferies cut its Buy rating to Hold. The 52-week trading range is $9.51 to $22.75, and the stock has an $18.71 consensus target. The closing print on Friday was $19.31.
TotalEnergies S.E. (NYSE: TTE): While RBC Capital Markets downgraded the French energy giant to Sector Perform from Outperform, it also lifted the $52 target price to $55. The consensus target is up at $66.38. The final trade on Friday was for $54.70 a share, which was up close to 3% on the day.
Under Armour Inc. (NYSE: UAA): BTIG Research upgraded the athletic apparel giant to Neutral from Sell. Over the past 52 weeks, the stock has traded between $15.21 and $27.28, and Wall Street has a $26.44 consensus price objective. Friday’s last trade was recorded at $17.76, up close to 4% for the day.
Virgin Galactic Holdings Inc (NYSE: SPCE): Goldman Sachs trimmed its $18 price target to $16 and has a Neutral rating. The consensus target is $18.18. Friday’s closing trade was at $9.18 a share.
VMware Inc. (NYSE: VMW): Goldman Sachs cut its price target to $119 from $136 while keeping a Neutral rating. Stifel maintained a Buy rating and lowered its $160 target to $135. Oppenheimer reiterated an Outperform rating and trimmed the $148 price target to $135. The consensus target price is $148.98. The last trade on Friday was reported at $118.14.
Zscaler Inc. (NASDAQ: ZS): Wedbush maintained an Outperform rating and cut the $400 target price to $330. UBS kept a Buy rating and lowered its target to $325 from $350. Stifel reiterated a Buy rating and sliced the $335 price target to $310. The consensus target is $374.06, at least for now. The shares were last seen on Friday at $221.85, down almost 16% after the company offered up a disappointing earnings forecast despite revenue surging for the past quarter on a year-over-year basis.
Goldman Sachs continues to make the case for higher oil prices, and
five top stock picks make sense for growth and income investors as they pay big and dependable dividends and distributions and look like they can continue to ride the increase in oil pricing.
Friday’s early top analyst upgrades and downgrades included Dish Network, Dollar General, eBay, Gap, HollyFrontier, Mosaic, NetApp, Nextdoor, Skillz, Tesla, TJX, Toll Brothers and Vipshop. Analyst calls seen later in the day were on BP, Carvana, Iron Mountain, LivePerson and more.
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