Investing

Wednesday's Top Analyst Upgrades and Downgrades: Affirm, Electronic Arts, EOG, Foot Locker, Ford, GoodRx, Goodyear, Simon Property, Tesla and More

Boise Cascade Co. (NYSE: BCC): Benchmark downgraded the shares to Hold from Buy. Over the past 52 weeks, the stock has traded between $46.51 and $85.17, and it has an $85 consensus price objective. The closed over 4% lower on Tuesday at $78.36.

Cadence Design Systems Inc. (NASDAQ: CDNS): This key software player in semiconductors has seen price targets move above $200, says Zacks, which named it the Bull of the Day. Shares last closed at $141.17, and the consensus price target is $192.14.

Chipotle Mexican Grill Inc. (NYSE: CMG): BofA Securities resumed coverage of the popular Mexican food restaurant chain with a Buy rating and a $1,590 price objective. The consensus target is up at $1,900.07. The stock closed on Tuesday at $1321.08.

Denbury Inc. (NYSE: DEN): Citigroup initiated coverage with a Buy rating and an $83 target price. The consensus target is up at $106.17. The $67.91 close on Tuesday was up over 4% on the day.

Electronic Arts Inc. (NASDAQ: EA): MoffettNathanson upgraded the legacy video game giant to Buy from Neutral but sliced the $151 target price to $141. The consensus target is $161.23. The stock closed on Tuesday at $111.60.

EOG Resources Inc. (NYSE: EOG): Raymond James raised its Outperform rating on the energy giant to Strong Buy with a $170 target price. The consensus target is $148.93. The shares ended trading on Tuesday at $119.56.

Essex Property Trust Inc. (NYSE: ESS): Barclays cut its Equal Weight rating to Underweight and dropped the $367 price target to $310. The consensus target is $366.27, and the closing share price was $286.48 on Tuesday.

Foot Locker Inc. (NYSE: FL): Goldman Sachs cut its price target on the popular athletic shoe retailer to $31 from $35 while keeping a Neutral rating. The consensus target is $32.45. The shares closed on Tuesday at $27.63.

Ford Motor Co. (NYSE: F): Berenberg started coverage of the legacy automaker with a Neutral rating and a $17 price target. The consensus target is $19.04. Tuesday’s close was at $13.35.

GoodRx Holdings Inc. (NASDAQ: GDRX): Goldman Sachs slashed its $30 price objective to $12 but stuck with a Buy rating. The consensus target is $24.80, for now. The shares were hammered Tuesday, closing down 25% at $7.97. The company posted solid results but said that it had lost a major grocer.

Goodyear Tire & Rubber Co. (NYSE: GT): Nomura upgraded the stock to Buy from Neutral and nudged the $15 price target up to $15.50. The consensus target is higher at $18.75. The shares closed over 3% higher on Tuesday at $11.74.

Healthcare Trust of America Inc. (NYSE: HTA): Though Berenberg upgraded it to Buy from Hold, the firm sliced the $37 target price to $34. The consensus target is $34.56. The stock closed on Tuesday at $28.26.


Krystal Biotech Inc. (NASDAQ: KRYS): Goldman Sachs reiterated a Buy rating but trimmed the $91 price target to $90. The consensus target is higher at $110.50. The shares closed up 8.6% on Tuesday at $53.52.

Maxar Technologies Inc. (NASDAQ: MAXR): Canaccord Genuity raised its Neutral rating to Buy but cut the price objective to $38 from $42. The consensus target is $44.71. The last trade on Tuesday was reported at $28.92.

Rackspace Technology Inc. (NYSE: RXT): The Raymond James upgrade was from Market Perform to Outperform with a $12 target. The consensus target is $15.28. The stock closed almost 6% lower on Tuesday at $8.63. The shares rallied in the premarket, up over 3%.

Ring Central Inc. (NYSE: RNG): Oppenheimer upgraded the shares to Outperform from Perform and has a $100 price target, while Goldman Sachs reiterated a Buy rating with a much higher $175 target. The consensus target is higher still at $201.88. The close on Tuesday was at $68.49.

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