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Tuesday's Top Analyst Upgrades and Downgrades: Arista Networks, Block, Cheniere Energy, Datadog, Foot Locker, Intuit, Kroger, TechnipFMC, Workday and More
March 1, 2022 8:53 am
Last Updated: March 1, 2022 9:07 am
MasTec Inc. (NYSE: MTZ): Cowen reiterated an Outperform rating but dropped the target price to $110 from $125. The consensus target is $124. The last for Monday trade was at $78.76.
Paylocity Holding Corp. (NASDAQ: PCTY): Jefferies upgraded the stock to Buy from Neutral and set a $255 target price. The $255.64 consensus target is in the same ballpark, and Monday’s final trade was at $212.44.
Pilgrim’s Pride Corp. (NYSE: PPC): BofA Securities resumed coverage with a Neutral rating and a $28 target price. The consensus target is $29.90. The last trade for Monday came in at $23.58, down close to 4% on the day.
Prelude Therapeutics Inc. (NASDAQ: PRLD): Barclays downgraded the stock to Equal Weight from Overweight and slashed the $20 price target to $12. The consensus target is up at $38. The share price on Monday’s close was down 15% for the day to $8.83.
TechnipFMC PLC (NYSE: FTI): Kepler raised its Hold rating to Buy. Over the past 52 weeks, the shares have traded between $5.55 and $10.70, and they have an $8.17 consensus target. The stock closed on Monday at $6.85.
Wix.com Ltd. (NYSE: WIX): Atlantic Equities downgraded the shares to Neutral from Overweight and has a $100 target price. The consensus target is higher at $155.88. The shares ended Monday at $91.58, almost 4% higher. The stock gave it back in premarket action, dropping almost 5%.
Workday Inc. (NASDAQ: WDAY): Needham reiterated a Buy rating and lowered the target price to $300 from $360. The consensus target is $317.82. The close on Monday was at $229.05 a share.
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Monday’s early top analyst upgrades and downgrades included AbbVie, Alcoa, Alibaba, Best Buy, Beyond Meat, Block, Coinbase Global, Foot Locker, GoPro, Home Depot, Lithium Americas, Nvidia, TotalEnergies, Under Armour, Virgin Galactic, VMware and Zscaler. Analyst calls seen later in the day were on BP, Dollar Tree, Gilead Sciences, Lockheed Martin and more.
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