Investing

Thursday's Top Analyst Upgrades and Downgrades: Alphabet, ADM, Capital One, Chipotle, Corning, Microsoft, PepsiCo, Spotify, Texas Instruments, Visa and More

Archer Daniels Midland Co. (NYSE: ADM): Baird maintained an Outperform rating and boosted the $73 price objective to $108. That compares with the $84.42 consensus and Wednesday’s close at $93.92.

Avery Dennison Corp. (NYSE: AVY): Baird reiterated an Outperform rating, and it remains a top pick at the firm. The $250 target price compares with the $220.92 consensus target and Wednesday’s final trade of $181.33. That was a 4% gain on the day.

Boyd Gaming Corp. (NYSE: BYD): Stifel maintained a Buy rating but lowered its $90 target price to $84. The consensus target is $80.40. The stock closed almost 4% lower on Wednesday to $60.16.

Capital One Financial Corp. (NYSE: COF): Baird maintained a Neutral rating after earnings and has a $145 price objective. The consensus target is higher at $174.04. The last trade on Wednesday at $124.35 a share was down close to 6% for the day.

Chipotle Mexican Grill Inc. (NYSE: CMG): Baird reiterated an Outperform rating on the popular restaurant chain and has a $1,900 price target. The consensus target is $1918.10. The final trade on Wednesday was at $1475.63 a share.

Corning Inc. (NYSE: GLW): Oppenheimer reiterated an Outperform rating on the legacy tech giant and has a $48 target price, after the company posted very solid earnings results. The consensus target is $46.18. Wednesday’s close was at $36.07.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL): The Zacks Bear of the Day is plagued by inflation and an aging customer base, says the analyst. Shares have traded as high as $171.80 in the past year but closed most recently at $116.15. That is down almost 10% year to date.

Exact Sciences Corp. (NASDAQ: EXAS): Baird reiterated an Outperform rating but trimmed the $100 target price to $90. The consensus target is $111.25. The stock was last seen on Wednesday at $62.52, up close to 7% after stellar results with excellent metrics.

Insmed Inc. (NASDAQ: INSM): Goldman Sachs started coverage with a Buy rating and a $56 price target. The consensus target is $51.11. The shares closed on Wednesday at $22.46.


MaxLinear Inc. (NYSE: MXL): Wells Fargo upgraded the shares from Equal Weight to Overweight with a $66 price objective. The consensus target is $74.10. The final trade on Wednesday was reported at $43.99. The stock was up almost 12% in premarket action, after handily beating expectations for earnings and revenue in the first quarter.

Microsoft Inc. (NASDAQ: MSFT): Goldman Sachs reiterated a Buy rating on the premier legacy tech giant and has a $365 target price. The consensus target is $366.45. The final trade on Wednesday came in at $283.22, up close to 5% for the day.

Monolithic Power Systems Inc. (NASDAQ: MPWR): Oppenheimer reiterated an Outperform rating in front of next week’s earnings report. Its $500 target price is lower than the $561.11 consensus figure. The shares closed on Wednesday at $392.28.

PepsiCo Inc. (NYSE: PEP): Goldman Sachs reiterated a Buy rating on the legacy food and beverage giant and has a $187 price target. The consensus target is $183.15. The stock closed on Wednesday at $174.85.

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