Investing

Thursday's Top Analyst Upgrades and Downgrades: Block, Caterpillar, Home Depot, Salesforce, Target, Toast, Under Armour and More

Doximity Inc. (NYSE: DOCS): Baird kept an Outperform rating on the shares but slashed the $68 target price to $45 after the company posted solid results but the forward guidance was far less than expected. The consensus target is $66.77 for now. The stock down over 10% on Wednesday to $30.31.

Flex Ltd. (NASDAQ: FLEX): Argus upgraded the shares from Hold to Buy with a $22 price target. The shares have traded as high as $19.50 in the past year but ended Wednesday at $16.23, down over 3% for the day.

Home Depot Inc. (NYSE: HD) Goldman Sachs reiterated a Buy rating on the retail giant and has a $356 price target. The consensus target is $368.04. The stock closed over 5% lower on Wednesday at $285.18.

IHS Holding Ltd. (NYSE: IHS): Goldman Sachs reiterated a Buy rating but trimmed the $20 target price to $18. The consensus target is $20.80. The stock was one of the few winners Wednesday, closing up nearly 2% at $11.21.

Lulu’s Fashion Lounge Holdings Inc. (NASDAQ: LVLU): Baird reiterated an Outperform rating with a $17 price target after the company bucked the retail trend and posted incredible results. The consensus target is $17.14. The stock closed Wednesday at $11.55, which was up 15% for the day.

Oxford Industries Inc. (NYSE: OXM): Zacks named this the Bull of the Day stock. The analyst points out that the apparel maker’s strong balance sheet helped it boost its dividend payout. The shares last closed at $83.67, and the consensus price target is $113.25.


Rockwell Automation Inc. (NYSE: ROK): Its Bear of the Day is caught up in the ongoing supply chain logjam that is making its way through every corner of the economy, says Zacks. Shares have traded as high as $354.99 in the past year but closed most recently at $195.40, after hitting a 52-week low on Wednesday.

Salesforce Inc. (NYSE: CRM): Roth Capital raised the shares to Buy from Neutral and has a $242 target price. The consensus target is up at $287.46. The shares closed almost 4% lower on Wednesday at $157.41.

Sea Ltd. (NYSE: SE): Stifel maintained a Buy rating but cut the $160 price target to $115. The consensus target is $200.99 for now. The shares were last seen Wednesday at $74.20, down over 7% after the company posted a first-quarter loss.

ServiceNow Inc. (NYSE: NOW): Wells Fargo started coverage with an Overweight rating and a $600 price target. The consensus target is up at $657.60. The stock closed almost 5% lower on Wednesday at $412.25.

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