Investing

Tuesday's Top Analyst Upgrades and Downgrades: Adobe, AMD, Bank of New York, Carlyle, Chewy, CVS Health, Fifth Third Bancorp, Luminar, Nike, Pinterest, Walgreens and More

Pinterest Inc. (NYSE: PINS): Morgan Stanley lowered its Overweight rating to Equal Weight and slashed the $53 target price to $30. That compares with the $39.83 consensus target and Monday’s closing print of $26.45, which was up close to 4% on the day. The shares were down over 2% in the premarket action.

QuantumScape Corp. (NYSE: QS): SMBC Nikko started coverage on the electric vehicle battery maker with a Neutral rating and a $20 target price. The consensus target is $23.50. The shares were last seen Monday at $18.48, up close to 7% on reports the company is working on a deal with Porsche to supply the luxury carmaker batteries.

SL Green Realty Corp. (NYSE: SLG): The Truist Securities downgrade to Hold from Buy included a target price trim to $85 from $87. The consensus target is $83.80. The stock closed Monday at $81.10.

STAAR Surgical Co. (NASDAQ: STAA): Benchmark upgraded the shares from Hold to Buy with a $97 target. The consensus target is $103. The stock was last seen Monday at $80.71, up almost 11% after the company announced that the U.S. Food and Drug Administration (FDA) has approved the EVO/EVO+ Visian Implantable Collamer Lens for correcting myopia and myopia with astigmatism.

Unity Software Inc. (NYSE: U): Daiwa Securities started coverage with an Outperform rating and a $110 target price. That compares with the higher $153.73 consensus and Monday’s closing print of $98.11.

Walgreens Boots Alliance Inc. (NASDAQ: WBA): Baird reiterated an Outperform rating on the drugstore heavyweight and has a $70 target price. The consensus target is $53.43. The shares closed Monday at $47.19.

Wingstop Inc. (NASDAQ: WING): This stock is the Bear of the Day at Zacks. The analyst makes a case for avoiding this overvalued pick until the situation shows major signs of improvement. Shares have traded as high as $187.35 in the past year but closed most recently at $110.80. That is down almost 36% year to date.


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Monday’s early top analyst upgrades and downgrades included Alaska Air, Alcoa, Altria, Amcor, Commscope, Deere, Emerson Electric, Moderna, Philip Morris, Prudential Financial, Rio Tinto, Shopify and Toast. Analyst calls seen later in the day were on Bank of America, Campbell Soup, Citigroup and more.

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