Investing
Wednesday's Top Analyst Upgrades and Downgrades: Home Depot, Mastercard, McDonald's, Penn National Gaming, Starbucks, Take-Two Interactive and More
May 18, 2022 8:48 am
Last Updated: May 19, 2022 7:29 am
Starbucks Corp. (NASDAQ: SBUX): Citing future earnings estimates that have been on the decline, Zacks named this stock as its Bear of the Day. Shares have traded as high as $126.32 in the past year but closed most recently at $73.72. That is about 37% lower year to date.
Take-Two Interactive Software Inc. (NASDAQ: TTWO): Baird maintained an Outperform rating on the shares but slashed the $210 price target to $145. The consensus target is $200.81. The stock closed almost 12% higher to $123.08 on Tuesday, after the company posted outstanding quarterly results.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): BofA Securities upgraded the stock to Neutral from Underperform and has a $9 target price. The consensus target is $10.81, and the shares closed over 6% higher on Tuesday at $8.40.
Ulta Beauty Inc. (NASDAQ: ULTA): Oppenheimer reiterated an Outperform rating in front of the earnings report due on May 26. The analyst’s $470 target price compares with the $445.64 consensus target and Tuesday’s close at $393.01.
Upwork Inc. (NASDAQ: UPWK): Stifel downgraded the shares to Hold from Buy and cut the $30 target price to $20. The consensus target is $35. The stock closed on Tuesday at $16.94.
Weber Inc. (NYSE: WEBR): Goldman Sachs slashed its $11 price target on the Neutral-rated shares to $7. The consensus target is $11.67. The stock closed at $6.95 on Tuesday.
Warby Parker Inc. (NASDAQ: WRBY): Baird maintained an Outperform rating but lowered the $40 target price to $30. The consensus target is $37.67. The stock almost 6% higher on Tuesday at $17.47.
Workday Inc. (NASDAQ: WDAY): UBS’s downgrade was to Neutral from Buy. Over the past 52 weeks, shares have traded between $168.90 and $307.81 and have a $308.88 consensus target. The stock closed on Tuesday at $173.34.
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Tuesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Block, Bumble, DigitalOcean, Duke Realty, FirstEnergy, HF Sinclair, Nio, Petco Health and Wellness, Roblox, Rocket Companies, SoFi Technologies and Walt Disney.
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