Investing

Friday's Top Analyst Upgrades and Downgrades: Apple, Carvana, Cisco, Costco, Lowe's, Schlumberger, Target, Under Armour and More

Carvana Co. (NYSE: CVNA): BofA Securities slashed the $225 price target to $80, though it did keep a Buy rating, citing the massive cost-cutting at the company. The consensus target is $101.80 for now. The stock closed at $32.88 on Thursday.

CinCor Pharma Inc. (NASDAQ: CINC): Jefferies reiterated a Buy rating with a $30 price target. The consensus target is $29.00. On Thursday, shares closed at $19.33.

Cisco Systems Inc. (NASDAQ: CSCO): Goldman Sachs reiterated a Neutral rating for the networking giant while lowering the $64 price objective to $46. The consensus target is $62.70 for now. The stock closed almost 15% lower on Thursday at $41.72.

Core Scientific Inc. (NASDAQ: CORZ): The Zacks Bull of the Day stock provides investors with a leveraged way to bet on Bitcoin’s inevitable mass adaptation as the next generation’s gold 2.0, says the analyst. Shares last closed at $3.88, and the $16.19 consensus price target would be a post-IPO high.

Costco Wholesale Corp. (NASDAQ: COST): Stifel reiterated a Buy rating but lowered the $565 price target to $515, citing increasing costs. For now, the consensus target is $590.16. The shares closed on Thursday at $422.93.

Doximity Inc. (NYSE: DOCS): Goldman Sachs kept a Buy rating on the shares but slashed its $72 target price to $56 after the company posted solid results but the forward guidance was disappointing. The consensus target is $66.77 for now. Thursday’s close was at $32.52.

Ensign Group Inc. (NASDAQ: ENSG): Stifel reiterated a Buy rating and a $100 target price. The consensus target is $97.40. The final trade on Thursday hit the tape at $78.93.


Healthpeak Properties Inc. (NYSE: PEAK): The BofA Securities downgrade to Neutral from Buy included a target price trim to $32 from $33. The consensus target is $36.84. The last trade on Thursday was recorded at $29.28.

Lowe’s Companies Inc. (NYSE: LOW): Baird remains positive on the big-box retailer and maintained an Outperform rating with a $260 target price. The consensus target is $251.92. Thursday’s final trade was reported at $187.86.

Physicians Realty Trust (NYSE: DOC): BofA Securities lowered its Neutral rating to Underperform but kept the price objective unchanged at $18. The consensus target is $19.43. The shares closed on Thursday at $17.46.

Ping Identity Holding Corp. (NYSE: PING): Stifel lowered its $30 price target to $25 but kept a Buy rating on the shares. The consensus target is $31.07. Thursday’s final trade was reported at $18.38.

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