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Friday's Top Analyst Upgrades and Downgrades: Biogen, Devon Energy, Freeport-McMoRan, Hyatt Hotels, Intuitive Surgical, KB Home, Li Auto, Vertex Pharmaceuticals and More
March 25, 2022 8:52 am
Last Updated: March 25, 2022 9:08 am
Lumentum Holdings Inc. (NASDAQ: LITE): Rosenblatt resumed coverage with a Buy rating but lowered the target price to $115 from $125. That is almost in line with the $115.92 consensus target. Thursday’s closing trade of $97.85 was up almost 5% on the day.
Maxar Technologies Inc. (NYSE: MAXR): Baird reiterated that the stock is one of its top picks, with an Outperform rating, and it raised the price target to $52. The consensus target is $42.14. The final trade on Thursday was up over 4% on the day to $38.62.
Petco Health and Witness Co. Inc. (NASDAQ: WOOF): Goldman Sachs reiterated a Buy rating, and the firm has a $26 price target. Baird has an Outperform rating with a $25 target price. The consensus target is $24.91. The last trade on Thursday was reported at $19.81.
Post Holdings Inc. (NYSE: POST): When Truist Securities downgraded the shares to Hold from Buy, it slashed the $120 target to $70. The consensus target is $113.56 for now. Thursday’s close was at $64.78 a share.
Sonendo Inc. (NASDAQ: SONX): Goldman Sachs cut the $30 price target to $10 but kept a Buy rating. For now, the consensus target is $16.98. The shares closed Thursday at $4.61, down almost 16% after disappointing results.
S&P Global Inc. (NYSE: SPGI): Credit Suisse resumed coverage with an Outperform rating and a $495 target price. The consensus target is $481.27. The last trade on Thursday came in at $407.67.
Terex Corp. (NYSE: TEX): Jefferies reiterated a Buy rating with a $60 target price. The consensus target is $56.71. The stock closed at $37.77 on Thursday.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX): Oppenheimer maintained an Outperform rating. Its $305 target price is well above the $273.14 consensus target. Thursday’s close was at $251.70.
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Thursday’s early top analyst upgrades and downgrades included Adobe, Carnival, Hyatt Hotels, Nio, Nvidia, RealReal, Starbucks, Tyson Foods and Vertex Pharmaceuticals. Analyst calls seen later in the day were on Alcoa, British American Tobacco, Capital One Financial, EOG Resources, Johnson Controls, Traeger, Transocean, Vale and more.
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