Tuesday's Top Analyst Upgrades and Downgrades: Boston Scientific, Costco, CVS, Dell, Dish Network, Macy's, Medtronic, Occidental Petroleum, UnitedHealth and More

Medtronic PLC (NYSE: MDT): Needham’s downgrade was to Hold from Buy. Over the past 52 weeks, the shares have traded between $96.86 and $135.89, and they have a $121.05 consensus target. The close on Friday was at $99.23.

Occidental Petroleum Corp. (NYSE: OXY): The Zacks Bull of the Day stock has been a substantial beneficiary from the energy surge over the past year, says the analyst. Shares last closed at $70.86, and the consensus target price of $73.04 would be a multiyear high.

O-I Glass Inc. (NYSE: OI): BofA Securities upgraded the stock to Buy from Neutral and raised the $15 price objective to $19. The consensus target is $15.58. The stock closed almost 9% higher on Friday at $16.98.

PubMatic Inc. (NASDAQ: PUBM): Jefferies downgraded the shares to Hold from Buy and lowered the $28 price target to $23. The consensus target is $29.94. The stock ended Friday trading at $20.88, up almost 4% for the day. The shares were lower in Tuesday’s premarket.

UnitedHealth Group Inc. (NYSE: UNH): Bernstein downgraded the health care giant to Market Perform from Outperform and has a $561 target. The consensus target is $566.95. The shares ended Friday at $507.02 apiece.

Urban Outfitters Inc. (NASDAQ: URBN): Morgan Stanley downgraded the popular retailer to Equal Weight from Overweight and lowered the $34 target price to $25. The consensus target is $27.69. The shares closed 4% higher on Friday at $21.68.

Workday Inc. (NASDAQ: WDAY): Goldman Sachs cut the price target on the Buy-rated company to $260 from $300. The $285.25 consensus target also compares with Friday’s close of $158.79, which was down almost 6% on the day.

Zscaler Inc. (NASDAQ: ZS): Goldman Sachs maintained a Neutral rating but slashed the $281 target price to $170. The consensus target is $290.08 The last trade for Friday came in at $160.00, up over 12% after posting earnings and revenue that beat Wall Street expectations.

Seven Goldman Sachs Conviction List dividend stock picks make sense now for worried investors because they provide solid total return and should be able to hold their own in a recession.

Friday’s top analyst upgrades and downgrades included Citigroup, Dick’s Sporting Goods, Dow, Huntington Bancshares, Kraft Heinz, Nutanix, Nvidia, Patterson-UTI Energy, Roku, Snowflake, Splunk, Sysco, Union Pacific and Zscaler.

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