Investing

Tuesday's Top Analyst Upgrades and Downgrades: Bank of America, Beyond Meat, Coinbase Global, ConocoPhillips, Dell, HollyFrontier, Next Era Energy, Okta and More

Bank of America Corp. (NYSE: BAC): Baird raised its Underperform rating on shares of the money center banking giant to Neutral with a $42 target. The consensus target is up at $51.57. The stock closed Monday at $38.34, down over 6% on the day.

Beyond Meat Inc. (NASDAQ: BYND) Goldman Sachs cut its price target on the plant-based food stock to $40 from $47 while keeping a Sell rating. The consensus target is $52.67. The last trade on Monday was reported at $42.31.

BigCommerce Holdings Inc. (NASDAQ: BIGC): While keeping a Buy rating on the company, Goldman Sachs cut the target price in half, to $29 from $60. That compares with a $36.83 consensus target and Monday’s closing print of $20.89.

Bluebird Bio Inc. (NASDAQ: BLUE): Barclays downgraded the shares from Equal Weight to Underweight with a $4 target. The consensus target is $12.55. The stock ended trading on Monday at $4.45, which was 11% lower on the day. Note that the shares traded at $150 four short years ago.

Callaway Golf Co. (NYSE: ELY): Goldman Sachs raised the target price for the golf clubs and accessories giant to $31 from $27 while keeping its Neutral rating in place. The consensus target is $40.17. The stock closed on Monday at $20.77, down over 9% on basically no news.

Carters Inc. (NYSE: CRI): Wedbush upgraded the stock to Outperform from Neutral and has a $108 target price. The consensus target is $119. The shares closed on Monday at $91.58.

Chinadata Group Holdings Ltd. (NASDAQ: CD): Credit Suisse raised its Neutral rating to Overweight with an $8.30 target price. The consensus target is higher at $12.62. Monday’s closing share price was over 7% lower at $5.82.

Coinbase Global Inc. (NASDAQ: COIN): Goldman Sachs dropped its price target on the cryptocurrency trading giant to $250 from $288 while keeping a Buy rating on the shares. The consensus price objective is a stunning $315.21. The last trade for Monday hit the tape at $161.14.


ConocoPhillips Corp. (NYSE: COP) Though BofA Securities downgraded the energy giant to Neutral from Buy, it also raised the $110 target price to $135. The consensus target is $105.35. The last trade on Monday was reported at $101.27.

Dell Technologies Inc. (NYSE: DELL): Evercore ISI upgraded the shares from In line to Outperform with a $60 target price. That compares with the $65.80 consensus target and Monday’s closing print of $49.33. That was down over 5% for the day.

Empire State Realty Trust Inc. (NASDAQ: ESRT): BMO Capital Markets downgraded the shares to Underperform from Market Perform and cut the $8 target price to $11. The consensus target is $10.42. The shares ended Monday at $9.06, down almost 4% for the day.

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