Investing

Monday's Top Analyst Upgrades and Downgrades: Applied Materials, Corning, HP, Matador Resources, Palo Alto Networks, Ross Stores, Walmart and More 

Corning Inc. (NYSE: GLW): Citigroup downgraded the fiber optics giant to Neutral from Buy and lowered the $46 price objective to $37. The consensus target is $44.73. The final trade on Friday was reported at $33.13.

CubeSmart (NASDAQ: CUBE): Raymond James raised its Outperform rating to Strong Buy but cut the $60 target price to $52. The consensus target is $57.56. The stock closed on Friday at $40.84.

Deckers Outdoor Corp. (NYSE: DECK): Though Baird maintained an Outperform rating, it slashed the $525 price target to $375. The consensus target for now is $434.23. Friday’s closing trade at $255.28 was up close to 13% after the company posted strong results and offered solid forward guidance.

Doximity Inc. (NYSE: DOCS): Jefferies kept a Buy rating and has a $46 target price after the company posted solid results, though the forward guidance was far less than expected. The consensus target is $50.15. The closed almost 3% lower on Friday at $31.56.

ESAB Corp. (NYSE: ESAB): Stifel initiated coverage with a Buy rating with a $56 price objective. The post-IPO high was $58.08 but the close on Friday was at $47.50.

HP Inc. (NYSE: HPQ): Citigroup downgraded the legacy technology giant to Neutral from Buy and trimmed the $40 price target to $38. The consensus target is $37.27. The shares closed 3% lower on Friday at $34.65.

Intercontinental Exchange Inc. (NYSE: ICE): Jefferies maintained a Buy rating with a $134 target price after this month’s announcement of the deal to acquire Black Knight for $13 billion. The consensus target is $140.33. The stock closed at $97.62 on Friday.

Iron Mountain Inc. (NYSE: IRM): Stifel reiterated a Buy rating, citing the company’s defensive posture. The $62 target price is higher than the $55 consensus figure, and Friday’s closing trade was at $49.49.


Macerich Co. (NYSE: MAC): Goldman Sachs trimmed its $13.50 target price to $12 while maintaining a Sell rating. The consensus target is up at $16.67. The shares closed just over 3% lower on Friday at $11.47.

Matador Resources Co. (NYSE: MTDR): Stifel reiterated a Buy rating with an $89 price target following a positive meeting with company management. The consensus target is just $72.75. The close on Friday was at $50.39.

Motorola Solutions Inc. (NYSE: MSI): Morgan Stanley raised its Equal Weight rating to Overweight and has a $240 price objective. The consensus target is $269.90. The last trade on Friday was reported at $210.28

Palo Alto Networks Inc. (NASDAQ: PANW): Baird maintained its Outperform rating on the bellwether cybersecurity leader and has a $625 target price. The consensus target is $638.00. The shares closed Friday at $478.68, up close to 10% after reporting very impressive results for the quarter.

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