Investing

Monday's Top Analyst Upgrades and Downgrades: Alcoa, Altria, Deere, Emerson Electric, Moderna, Philip Morris, Shopify and More

Moderna Inc. (NASDAQ: MRNA): Goldman Sachs kept a Buy rating on the shares after the firm’s Vaccine Day highlights, and it has a $363 target price. The consensus target is a much lower $239.25. The shares were last seen on Friday at $165.92, down almost 8% on the day.

NU Holdings Ltd. (NYSE: NU): Goldman Sachs maintained a Buy rating while trimming the price objective to $14 from $15. The consensus target is just $10.80. The stock closed on Friday at $7.95, which was down close to 3% for the day.

Philip Morris International Inc. (NYSE: PM): Stifel lowered the price target on the tobacco giant to $105 from $115. The consensus target is $110.38. Friday close was at $93.45.

Prudential Financial Inc. (NYSE: PRU): Credit Suisse downgraded the insurance and financial services heavyweight to Neutral from Outperform and cut the $131 target price to $121. The consensus target is $115.77. The last trade for Friday was posted at $120.86.

Rio Tinto Group (NYSE: RIO): UBS raised the mining giant to Neutral from Sell. Over the past 52 weeks, the shares have traded between $59.58 and $95.67, and they have an $84.33 consensus price objective. The closing trade on Friday was posted at $79.52.

Shopify Inc. (NYSE: SHOP): Baird maintained an Outperform rating with a $1,000 target price. The consensus for the stock is higher at $1,527.19. The shares closed at $679.53, down close to 4% on the day.

Toast Inc. (NYSE: TOST): Baird continues to like the stock and has an Outperform rating and a $25 price objective. The consensus target is higher at $31.20. Friday’s final trade was reported at $19.44, down close to 3% for the day.


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Friday’s early top analyst upgrades and downgrades included Biogen, Devon Energy, Freeport-McMoRan, HIVE Blockchain, Hyatt Hotels, Infinera, Intuitive Surgical, KB Home, Li Auto, S&P Global and Vertex Pharmaceuticals. Analyst calls seen later in the day were on Carnival, Teva Pharmaceutical and more.

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