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Thursday's Top Analyst Upgrades and Downgrades: Abbott Labs, Hewlett Packard Enterprise, Johnson & Johnson, Rivian, Salesforce, SoFi, Target, Zoom Video and More
March 3, 2022 8:52 am
Last Updated: March 3, 2022 9:07 am
Teck Resources Ltd. (NYSE: TECK): Zacks named this coal and copper miner as the Bull of the Day stock. The analyst points out that very few companies complete the journey from penny stock to mid-double digits, and this bull is not slowing down. Shares last closed at $38.71, having overrun the consensus price target of $38.65.
Trade Desk Inc. (NASDAQ: TTD): Guggenheim started coverage with a Buy rating on the digital media giant, and it has a $108 target price. The consensus target is $95.67. The final trade on Wednesday hit the tape at $82.26.
Vroom Inc. (NASDAQ: VRM): Stifel downgraded the shares to Hold from Buy. Over the past year, the stock has traded in a stunning range of $5.10 to $49.03. The consensus target is $17.50. The shares closed Wednesday at $2.98, down another 9% after a massive 47% drop Tuesday in the wake of a dreadful quarterly report.
Workhorse Group Inc. (NASDAQ: WKHS): Roth Capital upgraded the stock from Neutral to Buy with a $7 price target. The consensus target is $6.86. The shares closed on Wednesday at $3.79.
Zimmer Biomet Holdings Inc. (NYSE: ZBH): Loop Capital downgraded the shares to Hold from Buy and has a $130 target price. The consensus target for the medical devices giant is $132.79. The final trade for Wednesday was at $122.69 a share.
Zscaler Inc. (NASDAQ: ZS): Daiwa Securities upgraded the stock to Buy from Underperform and lifted the price objective to $296 from $286. The higher consensus target is $329.85, and the final print on Wednesday was $254.41.
Zoom Video Communications Inc. (NASDAQ: ZM): Wolfe Research lowered the price target to $140 while downgrading the shares to Underperform from Peer Perform. The consensus price objective is up at $215.51. The final trade for Wednesday was reported at $121.61.
24/7 Wall St.Six dividend-paying energy stocks offer different angles for investors who are more conservative to generate income and participate in the biggest rally in the energy and oil space since 2011. Plus, they are all rated Buy at major Wall Street firms.
Wednesday’s early top analyst upgrades and downgrades included Allstate, Arista Networks, Comcast, DraftKings, GoodRx, Kroger, Live Nation Entertainment, Luminar Technologies, Snap, Twitter, Voya Financial, Vroom, Waste Management, Workday and Zoom Video Communications. Analyst calls seen later in the day were on Abbott Labs, Chevron, Marathon Oil, Meta Platforms and more.
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