Investing
Thursday's Top Analyst Upgrades and Downgrades: Block, Caterpillar, Home Depot, Salesforce, Target, Toast, Under Armour and More
May 19, 2022 8:41 am
Last Updated: May 20, 2022 7:35 am
Target Corp. (NYSE: TGT): Truist Financial jumped on the bandwagon and downgraded the retailer from Buy to Hold with a $261 target price. Stifel also downgraded the shares, to Hold from Buy, and cut its price target to $185 from $270. The consensus target is $273.93 for now. The shares closed a dumpster fire day at $161.71, down a remarkable 25%.
Toast Inc. (NYSE: TOST): Goldman Sachs lowered its target price on the Neutral-rated shares to $18 from $22. The consensus target is $24.31. Wednesday’s closing share price was $13.21.
Under Armour Inc. (NYSE: UAA): Morgan Stanley lowered its Overweight rating to Equal Weight and trimmed the $14 price target to $11. The consensus target is $18.18. The stock closed down almost 8% on Wednesday at $10.53.
Ventas Inc. (NYSE: VTR): Credit Suisse’s upgrade to Outperform from Neutral included a target price hike to $63 from $53. The consensus is in line at $63.39. The last trade for Wednesday was filled at $56.28.
VSE Corp. (NASDAQ: VSEC): When RBC Capital Markets downgraded the stock to Sector Perform from Outperform, it also slashed the $65 target price to $48. The consensus target is $64.83 for now. The stock closed down over 7% on Wednesday at $37.82.
Wingstop Inc. (NASDAQ: WING): Baird maintained an Outperform rating on the popular restaurant stock and has a $120 price target. The consensus target is $119.32. The $72.54 a share close on Wednesday was down over 8% on the day.
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Tuesday’s early top analyst upgrades and downgrades included Home Depot, Intuitive Surgical, Mastercard, McDonald’s, Monster Beverage, Penn National Gaming, Shoals Technologies, Starbucks, Take-Two Interactive Software, Teva Pharmaceutical Industries and Workday. Analyst calls seen later in the day were on Canadian National Railway, Carrier Global, Century Aluminum, Expedia, Ginkgo Bioworks, U.S. Foods, Visa, Welltower and more.
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