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

Rivian Automotive Inc. (NASDAQ: RIVN): Baird maintained an Outperform rating on the fast-growing electric vehicle maker’s shares and has an $84 price objective. The consensus target is higher at $87.69. Wednesday’s $40.10 close was down almost 5% for the day.

Sage Therapeutics Inc. (NASDAQ: SAGE): Oppenheimer maintained an Outperform rating on the stock and has a $74 target price. The consensus target is just $61.90. The last trade Wednesday was for $37.49 a share.

Stanley Black & Decker Inc. (NYSE: SWK): Goldman Sachs maintained a Neutral rating on the popular power tool company and lowered the $184 target price to $160. The consensus target is up at $206.92. The stock closed on Wednesday at $139.75.

Trane Technologies PLC (NYSE: TT): Goldman Sachs cut the price target to $157 from $180 and kept a Neutral rating. Shares close at $151.99 on Wednesday, in a 52-week range of $142.53 to $207.06.

Xenia Hotels & Resorts Inc. (NYSE: XHR): Luxury travel is red hot in 2022, says Zacks, which named this real estate investment trust as its Bull of the Day stock. Shares last closed at $18.40, and the consensus target price of $21.33 would be a 52-week high.

Yeti Holdings Inc. (NYSE: YETI): Though Berenberg upgraded the popular cooler giant to Buy from Hold, it lowered the $103 target price to $92. The consensus target is $91.82. The shares closed Wednesday at $54.96, which was down almost 8% on the day. They reclaimed over 4% in the premarket session.

Zeta Global Holding Corp. (NYSE: ZETA): Oppenheimer started coverage with a Perform rating and a $20 target price. The consensus target is just $13.50. The shares were last seen on Wednesday at $12.10, but the stock was up almost 4% in premarket action.

Seven Goldman Sachs Conviction List top stock ideas come with reliable dividends and offer a degree of safety in a volatile climate on Wall Street. These top companies can weather the potential storms better than most.

See what Bank of America analysts expect from automobile-related stocks.

Wednesday’s early top analyst upgrades and downgrades included Block, Boeing, Cemex, Constellation Brands, FirstEnergy, Freeport-McMoRan, GoodRx, Hasbro, Kosmos Energy, PayPal, Shopify, Starbucks, Toast and Williams-Sonoma. Analyst calls seen later in the day were on AbbVie, Bristol-Myers, JetBlue and more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.