Investing
Wednesday's Top Analyst Upgrades and Downgrades: American Express, Baker Hughes, BorgWarner, Coupang, CyrusOne, Duke Energy, Nike, Schlumberger and More
March 23, 2022 8:48 am
Last Updated: March 23, 2022 8:58 am
BorgWarner Inc. (NYSE: BWA): Goldman Sachs lowered the $47 price target on the Neutral-rated shares to $42. The consensus target is $52.06. The last trade Tuesday was reported at $38.45.
Coupang Inc. (NYSE: CPNG): Deutsche Bank upgraded the stock to Buy from Hold. The 52-week trading range is a wide $15.27 to $50.50, and the consensus price objective is $29.90. The last trade for Tuesday hit the tape at $19.70, which was up close to 5% for the day.
CyrusOne Inc. (NASDAQ: CONE): Citigroup resumed coverage with a Neutral rating and a $90.50 price objective, while the consensus target is $89.53. The stock closed on Tuesday at $90.28.
Darden Restaurants Inc. (NYSE: DRI): Baird reiterated an Outperform rating on the shares of the restaurant giant, and the firm has a $160 target price. The consensus target is $163.02. The final trade for Tuesday was reported at $132.
Duke Energy Corp. (NYSE: DUK): Citigroup started coverage on the utility giant with a Buy rating and a $120 price target. The consensus target is $108.62. The closing share price on Tuesday was $106.19.
FMC Corp. (NYSE: FMC): BofA Securities downgraded the stock to Underperform from Buy and has a $128 target. The consensus price objective is $131. The last trade on Tuesday was reported at $130.53. As shares are trading just below the 52-week high, this looks like a valuation call.
Nike Inc. (NYSE: NKE): Baird reiterated an Outperform rating on the athletic shoe and apparel giant, but the firm lowered the $192 target price to $165. Stifel kept a Buy rating and has a $160 target price. The consensus target is $168.24, and the stock closed on Tuesday at $133.09.
Okta Inc. (NASDAQ: OKTA): The Truist Securities downgrade was to Hold from Buy. The shares have traded in a 52-week range of $143.30 to $287.44, and they have a $243.11 consensus target. The stock closed down just under 2% on Tuesday after reporting a possible digital breach of its data.
Plains All-American Pipeline L.P. (NASDAQ: PAA): Goldman Sachs trimmed the price target to $15 from $17 while keeping a Buy rating. The consensus target is $13.64. The stock closed on Tuesday at $10.71.
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