Investing

Thursday's Top Analyst Upgrades and Downgrades: Boeing, Capital One, Coinbase, Electronic Arts, Harley-Davidson, Peloton, Walmart, Wynn Resorts and More

Boeing Co. (NYSE: BA): Goldman Sachs reiterated a Buy rating on the aerospace and defense giant, which resides on the firm’s Conviction List of top stock picks. The analyst has a $288 price target, which would be a 52-week high. The stock closed almost 3% lower on Wednesday at $129.47.

Boyd Gaming Corp. (NYSE: BYD): Berenberg initiated coverage with a Buy rating and a $78 price target. The consensus target is $79.80. The last trade on Wednesday was reported at $53.33.

Capital One Financial Corp. (NYSE: COF): Wolfe Research downgraded the shares from Peer Perform to Underperform with an $86 target price. The consensus target is up at $169.47, and Wednesday’s closing print was $119.59.

Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer maintained an Outperform rating with a $197 target price. The consensus target is $263.82, for now. The shares ended Wednesday at $53.72, down almost 27% for the day after posting awful first-quarter results as trading volume plunged.

Corning Inc. (NYSE: GLW): Barclays downgraded it to Equal Weight from Overweight and slashed the $53 target price to $38. The consensus target is $46.09. The stock closed at $34.88 on Wednesday.

CRISPR Therapeutics AG (NASDAQ: CRSP): Goldman Sachs maintained a Neutral rating but slashed the $87 target price to $52. The consensus target is $132.18, for now. Wednesday’s $43.67 closing share price was down almost 8%, after first-quarter earnings and sales missed analysts’ estimates.

8×8 Inc. (NYSE: EGHT): Baird kept a Neutral rating on the shares while slicing the target price to $10 from $13. The consensus target is up at $21.46. The stock closed on Wednesday at $7.82.

Electronic Arts Inc. (NASDAQ: EA): Goldman Sachs maintained a Neutral rating on the video gaming giant and has a $125 target price. The consensus target is higher at $161.23. The shares closed Wednesday at $120.49, up close to 8% after beating first-quarter earnings expectations.


Fortinet Inc. (NASDAQ: FTNT): Daiwa Securities upgraded the stock from Outperform to Buy with a $307 target price. The consensus target for the cybersecurity leader is $365.93. The stock closed on Wednesday at $260.96.

Harley-Davidson Inc. (NYSE: HOG): Baird maintained an Outperform rating on the legacy old-school motorcycle giant after meeting with the company’s executives recently. The $55 price target compares with a slightly lower $51.13 consensus and Wednesday’s closing print of $35.81.

Hyatt Hotels Corp. (NYSE: H): Goldman Sachs reiterated a Buy rating after solid results, and the firm has a $122 target price. The consensus target is $101.24. The stock closed on Wednesday at $83.30.

Intra-Cellular Therapies Inc. (NASDAQ: ITCI): Jefferies reiterated a Buy rating with a $90 price objective after the company posted better than expected first-quarter results. The consensus target is just $70.90. The final trade for Wednesday was at $53.38 a share.

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