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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

Plug Power Inc. (NASDAQ: PLUG): Piper Sandler resumed coverage with a Neutral rating, and it has an $18 price target. The consensus target is up at $36.50. The final trade on Tuesday was reported at $18.85. The shares traded up almost 3% in premarket action.

Q2 Holdings Inc. (NASDAQ: QTWO): Baird maintained an Outperform rating with a $77 target price objective. The consensus target is $73.75. The shares have been volatile since the company rejected takeover bids that came in below expectations. The stock closed Tuesday at $46.27, up 4% on the day, but it fell 5% in the aftermarket.

Rio Tinto Group (NYSE: RIO): Jefferies upgraded the stock to Buy from Hold and bumped the $92 price target up to $93. The consensus target is $78.39. The shares closed over 3% higher in Tuesday’s session at $78.40.

Target Corp. (NYSE: TGT): BofA Securities downgraded the shares after the guidance warning to Neutral from Buy and slashed the $235 price target to $165. The consensus target is higher for now at $197.52. The stock closed on Tuesday at $155.98, down almost 3% for the day, and it was lower in premarket trading.

Tractor Supply Co. (NASDAQ: TSCO): Baird reiterated an Outperform rating with a $250 target price after the company released positive guidance. The consensus target is $243.19. Tuesday’s close was at $201.11 a share.

United Parcel Service Inc. (NYSE: UPS): Goldman Sachs lowered its $239 price target to $215. The analyst reiterated a Buy rating. The consensus target is $222.14, and shares were last seen on Tuesday at $185.51.

Vale S.A. (NYSE: VALE): Jefferies upgraded the stock to Buy from Hold and lifted the price objective to $24 from $17. The consensus target is $20.88. The last trade on Tuesday was reported at $18.65. Note that Jefferies is very bullish on mining stocks now.

XP Inc. (NASDAQ: XP): Though UBS upgraded the shares to Buy from Neutral, it dropped the $37 price target to $31. The consensus target is $41.56. The shares closed almost 4% higher on Tuesday at $23.70.


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Tuesday’s early top analyst upgrades and downgrades included Best Buy, Cigna, Exxon Mobil, Futu, GoodRx, Lululemon Athletica, Merck, Monster Beverage, MP Materials, Nike, Visa and Walmart. Analyst calls seen later in the day were on BHP, Booz Allen Hamilton, Devon Energy, Mirati Therapeutics, Novo Nordisk, NRG Energy and more.

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