Investing

Wednesday's Top Analyst Upgrades and Downgrades: APA, ADM, Diamondback Energy, eBay, Micron Technology, Nvidia, Ross Stores, SoFi, Starbucks, Toast and More

SoFi Technologies Inc. (NASDAQ: SOFI): Morgan Stanley downgraded the stock to Equal Weight from Overweight and dropped the $18 target price to $10. The consensus target is $17.29. The stock closed at $8.20 on Tuesday.

Starbucks Corp. (NASDAQ: SBUX): J.P. Morgan upgraded shares of the ubiquitous coffee retailer to Overweight from Neutral and has a $101 price objective. The consensus target is $114.45. The last trade on Tuesday was reported at $83.12, which was up close to 5% on the day.

Stryker Corp. (NYSE: SYK): Evercore ISI resumed coverage of the medical devices heavyweight with an Outperform rating and a $284 target price. The consensus target is $283.96. Tuesday’s final trade was reported at $254.34, a gain of almost 4% for the day.

Toast Inc. (NASDAQ: TOST): Baird started coverage with an Outperform rating and a $25 price objective. The consensus target is $33.50. The last trade on Tuesday was reported at $17.38, up close to 7%.

Washington Federal Inc. (NASDAQ: WAFD): D.A. Davidson upgraded the stock to Buy from Neutral and has a $43 price target. The consensus target is $40.67. The stock closed on Tuesday at $34.67.

Wingstop Inc. (NASDAQ: WING): Northcoast’s upgrade of the popular restaurant chain was to Buy from Neutral. The shares have traded in a 52-week range of $110.54 to $187.35, and they have a $174.89 consensus price objective. The final trade Tuesday came in at $113.24.

W.W. Grainger Inc. (NYSE: GWW): Atlantic Equities upgraded the shares from Neutral to Overweight with a $580 target price. The consensus target is $533. The last trade on Tuesday was reported at $497.75.


Stocks have taken a beating this year, but the five highest-yielding Dividend Aristocrats are screaming buys now for patient and long-term growth and income investors, given their reasonable upside potential and very dependable dividends.

Tuesday’s early top analyst upgrades and downgrades included Accenture, Bumble, Chevron, Fortive, Hormel Foods, Interpublic Group, Lululemon Athletica, Natera, Nike, NOV, Target, Trip.com, Tyson Foods, Unilever and Zoom Video Communications. Analyst calls seen later in the day were on Coupa Software, GoodRx, Mosaic, Nektar Therapeutics and more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.