Investing

Wednesday's Top Analyst Upgrades and Downgrades: AbbVie, Blackstone, Boston Scientific, CarMax, Chewy, Eli Lilly, Medtronic, Shopify, Veru and More

Boston Scientific Corp. (NYSE: BSX): Truist Securities resumed coverage with a Buy rating and a $52 price objective. The consensus target is $50.19. The shares closed at $43.76 on Tuesday.

Buckle Inc. (NYSE: BKE): A financially sound operation and a high dividend yield make this a solid candidate amid rising interest rates and economic uncertainty. So says Zacks, which selected the fashion retailer as its Bull of the Day stock. Shares last closed at $32.03 but have a consensus price target of $60.00, which would be a 52-week high.

Calix Inc. (NYSE: CALX): Rosenblatt initiated coverage with a Buy rating and a $60 price objective. That compares with a $62.57 consensus target and Tuesday’s final print of $39.02, which was up close to 4% for the day.

Carlisle Companies Inc. (NYSE: CSL): Baird analysts have an Outperform rating and kept the stock listed as one of their best ideas. The firm’s $300 target price compares with the consensus target of $291.57. The final trade Tuesday was reported at $244.31.

CarMax Inc. (NYSE: KMX): J.P. Morgan’s downgrade to Neutral from Overweight included a price target cut to $110 from $130. The stock closed Tuesday at $93.33, down almost 10% after missing fourth-quarter earnings expectations.

Chewy Inc. (NYSE: CHWY): Citing the impact of rising costs and supply chain setbacks, Zacks named this e-commerce stock as its Bear of the Day. Shares have traded as high as $97.74 in the past year but closed most recently at $43.30, which is down more than 26% year to date.

Eli Lilly & Co. (NYSE: LLY): Goldman Sachs kept a Neutral rating on the stock but boosted the $234 target price to $264. The consensus target is up at $304.28. The final trade Tuesday was reported at $308.08.

Envestnet Inc. (NYSE: ENV): Jefferies maintained an Underperform rating with a $71 price objective. The consensus target is $89.78. Shares closed most recently at $80.64.

Helmerich & Payne Inc. (NYSE: HP): Benchmark started coverage on the oil well drilling giant with a Buy rating and a $53 target price. The consensus price objective is $41.32. The stock closed Tuesday at $46.30, up almost 4% for the day.


Houlihan Lokey Inc. (NYSE: HLI): Goldman Sachs has a Buy rating but cut the price target to $111 from $127. The consensus target is $99.17. The last trade on Tuesday was posted at $81.68.

InMode Ltd. (NASDAQ: INMD): Baird reiterated an Outperform rating and has an $82 target price. The consensus target is $81.50. Both are a long way from the $31.79 closing print on Tuesday.

Medtronic PLC (NYSE: MDT): Truist Securities downgraded shares of the medical devices giant to Hold from Buy and dropped the $124 target price to $121. The consensus target is $124.61. The stock closed on Tuesday at $110.58.

NetApp Inc. (NASDAQ: NTAP): Morgan Stanley cut its Overweight rating to Equal Weight and lowered the $102 target price to $91. The consensus target is $98.53. Tuesday’s closing share price was $76.39.

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