Investing
Monday's Top Analyst Upgrades and Downgrades: Block, Dish Network, Foot Locker, Gap, Moderna, Penn National Gaming, Shopify and More
May 9, 2022 8:55 am
Last Updated: May 9, 2022 9:07 am
Moderna Inc. (NASDAQ: MRNA): Goldman Sachs slashed its $363 target price on the vaccine maker to $290 but kept its Buy rating. The consensus target is $227.63, and shares closed over 5% lower on Friday at $134.40.
Monolithic Power Systems Inc. (NASDAQ: MPWR): Oppenheimer reiterated an Outperform rating with a $500 price target. The consensus target is up at $567.56. The shares closed on Friday at $444.94.
Papa John’s International Inc. (NASDAQ: PZZA) Stifel reiterated a Buy rating on the wildly popular pizza giant but sliced the $145 target price to $130. The consensus target is $130.50. The stock closed down almost 3% on Friday to $87.36.
Penn National Gaming Inc. (NASDAQ: PENN): Stifel lowered its $61 price target on the gaming heavyweight to $50 while staying with a Buy rating. The consensus target is $62.24. The stock closed down over 6% to $34.33 on Friday.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Oppenheimer maintained an Outperform rating on the biotech leader, and it has a $775 target price. The consensus target is $701.67. The stock closed on Friday at $623.05.
Shake Shack Inc. (NASDAQ: SHAK): Baird reiterated a Neutral rating on the popular fast-food chain and lowered the $65 price target to $58. The consensus target is $76.06. The last trade on Friday was reported at $54.70.
Shopify Inc. (NYSE: SHOP): Though Stifel slashed its $800 price target to $650, it kept a Buy rating on the stock. The consensus target for now is $1,464.59. The stock closed almost 9% lower on Friday at $377.49.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX): Baird’s downgrade to Neutral from Outperform included a price target hike to $250 from $240. The consensus target is up at $289.38. The stock closed almost 5% lower on Friday at $253.93.
Zillow Group Inc. (NASDAQ: ZG): Goldman Sachs kept a Neutral rating and a $38 price target on the online real estate company. The consensus target is $66.58, and the final trade for Friday was down close to 4% for the day at $37.37.
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