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Monday's Top Analyst Upgrades and Downgrades: American Express, BlackBerry, FedEx, MGM Resorts, Nike, Warby Parker and More
March 21, 2022 8:55 am
Last Updated: March 21, 2022 9:44 am
Poshmark Inc. (NASDAQ: POSH): Jefferies started coverage with a Hold rating and a $14 target price. The consensus target is higher at $23.91. The last trade on Friday was reported at $12.83.
STAAR Surgical Co. (NASDAQ: STAA): BTIG Research upgraded it from Neutral to Buy with a $98 target. The consensus target is $104.25. The stock was last seen Friday at $75.25, up almost 8% on the day.
Targa Resources Corp. (NYSE: TRGP): Mizuho upgraded the energy transportation giant to Buy from Neutral and lifted the $58 target price to $85. That compares with the lower $74.30 consensus and Friday’s closing trade of $69.27.
Tractor Supply Co. (NASDAQ: TSCO): Oppenheimer upgraded the popular retailer to Outperform from Perform and has a $270 target price. The consensus target is $241.31. The final trade last for Friday was reported at $233.53.
TransUnion (NYSE: TRU): Goldman Sachs downgraded the stock to Neutral from Buy and lowered the target price to $109 from $125. The consensus target is $119.25. The stock closed on Friday at $103.10.
Warby Parker Inc. (NYSE: WRBY): Goldman Sachs dropped the price target on the Buy-rated shares to $36 from $42. The $44.74 consensus is also higher than Friday’s closing print of $31.05, even after a 12% gain for the day. Friday’s big move may have been because the company was smoked earlier in the week after posting disappointing earnings.
Wingstop Inc. (NASDAQ: WING): Piper Sandler downgraded the popular restaurant chain to Neutral from Buy and dropped the $125 target price to $109. The consensus target is much higher at $172.42. The closing share price on Friday was $121.05.
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Friday’s top analyst upgrades and downgrades included Allstate, Cisco Systems, CSX, FIGS, Meta Platforms, Nike, ON Semiconductor, Pinterest, SentinelOne and Zscaler. Analyst calls seen later in the day were on Cummins, Datadog, Lennar, RealReal, Stitch Fix, StoneCo and United Airlines. and more.
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