Investing

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

QuantumScape Corp. (NYSE: QS): Baird kept a Neutral rating on the electric vehicle battery company and lowered its $20 target price to $17. The consensus target is $22. The shares closed on Wednesday at $14.79, which was up close to 3% for the day.

Range Resources Corp. (NYSE: RRC): Stifel reiterated a Buy rating and lifted the $45 target price to $49. The consensus target is $37.64, and the stock closed almost 5% higher on Wednesday at $30.83.

Royalty Pharma PLC (NASDAQ: RPRX): Goldman Sachs began coverage with a Buy rating and a $56 target price. The consensus target is $51.14. The shares closed almost 3% higher on Wednesday at $42.99.

SeaWorld Entertainment Inc. (NYSE: SEAS): Zacks has named this as its Bull of the Day stock. The analyst makes a case that it proved its operational superiority in the amusement park space this past year, demonstrating an unparalleled return to profitability. Shares last closed at $69.64 apiece and have a consensus price target of $82.33, which would be a multiyear high.

Spotify Technology S.A. (NYSE: SPOT): Pivotal Research Group lowered its Buy rating to Hold and slashed the $235 price objective to $110. For now, the consensus target is up at $206.75, and Wednesday’s closing print was $96.67, after sliding over 12% on very weak paid subscriber growth, despite topping forecasts for overall monthly users.

Texas Instruments Inc. (NYSE: TXN): Oppenheimer reiterated an Outperform rating on the legacy technology giant and has a $220 target price objective. The consensus target is just $195.25. The last trade for Wednesday was reported at $169.39.

Visa Inc. (NYSE: V): Oppenheimer reiterated an Outperform rating with a $262 price target, after the credit card and payments heavyweight posted stellar results. The consensus target is up at $270.87. Wednesday close at $214.11 was up over 6% on the day.

Waste Management Inc. (NYSE: WM): Oppenheimer kept an Outperform rating on the garbage collection heavyweight and boosted the $174 target price to $177. The consensus target is $171.86. The last trade on Wednesday was at $167.45, a 2% gain on the day.


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Wednesday’s top analyst upgrades and downgrades included Activision Blizzard, Alcoa, Amgen, Bank of New York Mellon, Boston Beer, Charles Schwab, Freeport-McMoRan, Kroger, Live Nation Entertainment, Mattel, Southern Company and Valero Energy.

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