Investing

Thursday's Top Analyst Upgrades and Downgrades: Arista Networks, Bumble, Cisco, ConocoPhillips, CrowdStrike, Eli Lilly, Emerson Electric, Freeport-McMoRan, Halliburton, Rio Tinto and More

ConocoPhillips (NYSE: COP): Goldman Sachs raised the price target on the energy giant to $176 from $154 while maintaining a Buy rating. The consensus target is $106.42. The last trade on Wednesday was at $96.21.

CrowdStrike Holdings Inc. (NASDAQ: CRWD): BTIG Research upgraded the cybersecurity stock to Buy from Neutral and has a $257 target price. The posted consensus target is $266.10. The stock was last seen on Wednesday at $169.79, up over 8% after posted results beat expectations. The shares were up an additional 12% in the premarket.

Dada Nexus Ltd. (NASDAQ: DADA): Though Credit Suisse upgraded the shares to Outperform from Neutral, it also cut the $25 target price to $17.50. The consensus target is up at $29.85. The stock closed Wednesday at $8.10, up 25% after posting solid results.

DXC Technology Co. (NYSE: DXC): BofA Securities downgraded the shares to Underperform from Buy and slashed the $45 target price to $30. The consensus target is $41.85. The final trade on Wednesday was posted at $29.98.

Eli Lilly and Co. (NYSE: LLY) Daiwa Securities started coverage on the pharmaceutical heavyweight with an Outperform rating and a $286 price objective. The consensus target is up at $307.39. The stock ended trading on Wednesday at $262.79.

Emerson Electric Co. (NYSE: EMR): Oppenheimer upgraded the stock from Perform to Outperform with a $110 target price. The consensus target is $110.65, and the shares closed at $94.39 on Wednesday.


Freeport-McMoRan Inc. (NYSE: FCX): Goldman Sachs raised the price target on the Buy-rated mining giant to $56 from $48. The consensus target is lower at $45.35. The last trade on Wednesday was reported at $47.

Halliburton Inc. (NYSE: HAL): Goldman Sachs lifted the target price on the oilfield services leader to $43 from $37. That compares with the $32.96 consensus target and Wednesday closing print of $34.84, which was down over 5% on the day.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT): Goldman Sachs upgraded the shares of the trucking giant to Buy from Neutral and boosted the $209 target price to $231. The consensus target is $215.10. The shares closed at $199.37 on Wednesday.

Olaplex Holdings Inc. (NASDAQ: OLPX): Barclays upgraded the hair care products stock to Overweight from Equal Weight but also lowered the $29 price target to $17. The consensus target is up at $33.83. The stock ended Wednesday’s session at $15.36, up almost 15% for the day, after posting solid results earlier this week.

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