Investing

Thursday's Top Analyst Upgrades and Downgrades: Analog Devices, Eli Lilly, Keurig Dr Pepper, Lululemon Athletica, Merck, Occidental Petroleum, Rivian and More

Fastenal Co. (NASDAQ: FAST): Baird reiterated an Outperform rating with a $66 target price. The consensus target is $59.63. The last trade on Wednesday was reported at $59.73.

Global Payments Inc. (NYSE: GPN): Stephens started coverage with an Overweight rating and a $170 target price. The consensus target is $187.41. The shares ended Wednesday’s session at $138.90.

Huntsman Corp. (NYSE: HUN): Jefferies kept a Buy rating on the chemical leader and has a $49 target price. The consensus target is $46.56. The stock retreated almost 4% on Wednesday to close at $34.70.

ITT Inc. (NYSE: ITT): Goldman Sachs lowered its price target to $110 but maintained a Buy rating on the shares. The consensus target is $108.00, and the stock closed on Wednesday at $72.43.

Kennametal Inc. (NYSE: KMT): Goldman Sachs lowered the $33 target price to $29 while maintaining a Sell rating. The consensus target is $37.38 and shares last closed at $26.25 apiece.

Keurig Dr Pepper Inc. (NASDAQ: KDP): Jefferies maintained a Buy rating on the beverage giant and has a $44 target price. The consensus target is $40.00. Wednesday’s close at $37.83 was up close to 3% for the day.

Lands’ End Inc. (NASDAQ: LE): Zacks has selected this stock as its Bear of the Day, citing the persisting supply chain challenges in retail. The stock has traded as high as $44.40 a share in the past year but closed most recently at $15.99, which is down more than 18% year to date.

Lear Corp. (NYSE: LEA): BofA Securities raised its Neutral rating to Buy, and the $150 price objective went to $195. The consensus target is $181.13. The stock closed at $130.85 on Wednesday.

Lululemon Athletica Inc. (NASDAQ: LULU): Baird reiterated an Outperform rating on the yoga and athletic apparel heavyweight, and the firm has a $450 target price. That compares with the lower $427.57 consensus target and Wednesday’s final print of $371.83.


Merck & Co. Inc. (NYSE: MRK): Morgan Stanley resumed coverage of the pharmaceutical leader with an Equal Weight rating and an $80 target price. The consensus target is $92.38, and shares were last seen trading at $84.97.

Occidental Petroleum Corp. (NYSE: OXY): Stifel started coverage with a Buy rating and an $84 price objective. The consensus target is $59.80. The closing share price on Wednesday was $56.10.

QualTek Services Inc. (NASDAQ: QTEK): Oppenheimer started coverage with an Outperform rating and a $7 target price. The consensus target is $8.00. The last trade Wednesday was for $2.80, after an almost 4% gain on the day.

Quanta Service Inc. (NYSE: PWR): Baird reiterated an Outperform rating with a $129 target price. The consensus target is up at $135.69. The stock closed on Wednesday at $129.41.

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