Investing

Friday's Top Analyst Upgrades and Downgrades: Alcoa, Carvana, CSX, Dow, JetBlue, Lululemon, Netflix, Rio Tinto, Take-Two, Tesla, United Airlines and More

Rio Tinto Group (NYSE: RIO): Berenberg downgraded the mining giant to Hold from Buy. Over the past year, the stock has traded between $59.58 and $95.97. The consensus target is $84.33, and Thursday’s close at $74.81 was down almost 5% on the day.

Silvergate Capital Corp. (NYSE: SI): This digital currency focused bank is thriving in crypto bear market, says Zacks, which named it the Bull of the Day stock. Its shares last closed at $130.55 apiece, and the $205.00 consensus price target represents about a 57% gain in the next 12 months.

Steel Dynamics Inc. (NASDAQ: STLD): Goldman Sachs kept a Buy rating after the company posted strong results, and it has a $100 target price objective. The consensus target is $87.65. The shares closed on Thursday at $93.24.

Take-Two Interactive Software Inc. (NASDAQ: TTWO): Stifel reiterated a Buy rating but trimmed its price target to $231 from $232. The consensus target is $203.84. The last trade on Thursday was down over 4% for the day to $131.53.

Tenet Healthcare Corp. (NYSE: THC): Jefferies reiterated a Buy rating and has a $125 target price. The consensus target is $103.21. The last trade for Thursday was posted at $86.67.

Tesla Inc. (NASDAQ: TSLA): Goldman Sachs reiterated a Buy rating on the electric vehicle leader and has a $1,200 target price, after the company posted strong results for the quarter. The consensus target is $953.51. Shares closed on Thursday at $1008.78.

United Airlines Holdings Inc. (NYSE: UAL) J.P. Morgan gave the shares a rare double upgrade, from Underweight to Overweight, and raised the price target to $76 from $60. The consensus target is $55.71. Thursday’s final trade was reported at $50.85, up almost 10% on the day, and the shares tacked on another 3% in premarket action.


Investors can expect more inflation and rising interest rates, and it makes sense now to stay clear from the momentum and meme stocks. Five Dow Jones industrial average stocks are solid ideas in what could continue to be a very challenging year for stock investors.

Semiconductor stocks has fallen sharply since a December peak. Analysts at Jefferies believe the bottom is near and that AMD, Marvell Technology, Nvidia and these other semiconductor stocks will be big winners.


Thursday’s top analyst upgrades and downgrades included Bed Bath & Beyond, Block, Citizens Financial, DoorDash, Exelon, Exxon Mobil, Halliburton, Kinross Gold, Lockheed Martin, Matador Resources, Mosaic, PagSeguro Digital, Peloton Interactive, Pinterest, Southwestern Energy, Toast and Twitter. Analyst calls seen later in the day were on Alcoa, Carvana, Chevron, Comerica, M&T Bank, NRG Energy, State Street and more.

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