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Wednesday's Top Analyst Upgrades and Downgrades: Altria, Apple, Chevron, Exxon, FedEx, Peabody Energy, Plug Power, Rio Tinto, Target, UPS and More

Bath & Body Works Inc. (NYSE: BBWI): Zacks selected this retailer as its Bear of the Day stock, with the analyst citing inflationary pressures weighing on future earnings. Shares have traded as high as $82.00 in the past year but closed most recently at $37.67. That is down about 46% year to date.

BorgWarner Inc. (NYSE: BWA): Oppenheimer reiterated an Outperform rating with a $51 target price after a positive meeting with company executives. The consensus price target is $46. The closing share price on Tuesday was $39.83.

CarParts.com Inc. (NASDAQ: PRTS): Bulls are driving this car parts stock higher, says Zacks, which named it the Bull of the Day. Shares last closed at $8.37 and have a $16.00 consensus target, which represents more than 90% upside potential.

Chevron Corp. (NYSE: CVX): Goldman Sachs raised its $160 target price on the integrated energy heavyweight to $181 while keeping a Neutral rating. The consensus target is $178.43. The stock closed 2% higher on Tuesday at $180.36.

Exxon Mobil Corp. (NYSE: XOM): Goldman Sachs maintained a Buy rating on the energy giant and hiked the price target to $117 from $104. The consensus target is $96.93, and Tuesday’s final print was $103.35.

FedEx Corp. (NYSE: FDX): Goldman Sachs slashed the price target on the ground and air delivery giant to $291 from $331 while maintaining a Buy rating. The consensus target is $288.54. The last trade on Tuesday was at $221.33.

GrafTech International Ltd. (NYSE: EAF): Citigroup cut its Buy rating to Neutral and lowered the $13 price target to $10. The consensus target is $10.79. The stock closed at $9.03 on Tuesday.

Liberty Global PLC (NASDAQ: LBTYA): Berenberg raised the shares from Hold to Buy with a $230 price target. The consensus target is $36.68. The stock closed on Tuesday at $24.25.


Lululemon Athletica Inc. (NASDAQ: LULU): Baird reiterated an Outperform rating after the company once again posted outstanding quarterly results. The firm’s $450 target price is well above the $410.41 consensus and Tuesday’s closing print of $306.19.

McKesson Corp. (NYSE: MCK): Deutsche Bank upgraded the stock to Buy and raised the $343 price objective to $378. The consensus target is $366.23. Tuesday’s close was at $321.65.

Occidental Petroleum Corp. (NYSE: OXY): Evercore ISI downgraded the stock to In Line from Outperform and has a $74 target price. The consensus target for the energy giant is $73.35. The shares closed Tuesday at $70.55. As it is trading not far below the 52-week high, this may be a valuation call, despite the surge in oil prices.

Peabody Energy Corp. (NYSE: BTU): Jefferies upgraded the shares to Buy from Hold and boosted the $25 target price to $36. The consensus price objective is $28. The stock closed Tuesday’s trading at $28.55, up 9% after this upgrade.

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