Investing

Thursday's Top Analysts Upgrades and Downgrades: AMD, Airbnb, Block, Caesars, Lyft, Nike, Paramount, Starbucks and More

Block Inc. (NYSE: SQ): Oppenheimer resumed full coverage of the stock with an Outperform rating and a $150 target price. The consensus target is higher at $173.05. Wednesday’s close at $106.79 was up over 4% for the day.

Caesars Entertainment Inc. (NASDAQ: CZR): Stifel maintained a Buy rating on the gaming and casino giant but cut the $127 target price to $113. That is right in line with the $113.64 consensus target. The stock closed on Wednesday at $66.39.

CarMax Inc. (NYSE: KMX): Oppenheimer reiterated an Outperform rating on the car retailer and has a $125 target price. The lower $113.85 consensus target is closer to the closing share price of $100.18 on Wednesday, which was up over 5% for the day.

Fortinet Inc. (NASDAQ: FTNT): Mizuho upgraded the shares to Buy from Neutral and moved the price objective to $350 from $340. The consensus target is $362.45. The stock closed at $287.37 on Wednesday.

Gartner Inc. (NYSE: IT): Goldman Sachs maintained a Buy rating with a $340 target price after the company posted very strong first-quarter results. The consensus target is $349.86. The stock closed on Wednesday at $280.06.

Herbalife Nutrition Ltd. (NYSE: HLF): Jefferies lowered its Buy rating to Hold with a $26 target price. No consensus price objective was available. The shares closed over 6% lower on Wednesday at $25.85.


Hub Group Inc. (NASDAQ: HUBG): Stifel raised its $95 target price on the Buy-rated shares to $111 after the company posted outstanding first-quarter numbers. The consensus target is $96. The last trade on Wednesday was up over 6% on the day to $78.36.

Incyte Corp. (NASDAQ: INCY): Oppenheimer reiterated an Outperform rating with a $109 price objective. The consensus target is $92. The stock closed almost 5% higher on Wednesday at $80.72.

Lyft Inc. (NASDAQ: LYFT) Stifel maintained a Hold rating and slashed the $46 price target on the ride-sharing stock to $28 after the company reported dumpster fire results. The consensus target is $55.66 for now. The stock crashed Wednesday, down a stunning 30%, to close at $21.56.

Nike Inc. (NYSE: NKE): Baird maintained an Outperform rating on the athletic shoe and apparel giant and has a $165 target price. The consensus is $166.87. The stock closed on Wednesday at $126.06.

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