Investing

Thursday's Top Analyst Upgrades and Downgrades: Coinbase, FedEx, Planet Labs, Southwestern Energy, Spotify, Tapestry and More

Comtech Telecommunications Inc. (NASDAQ: CMTL): Jefferies downgraded the shares to Hold from Buy and slashed the $32 price target to $10. The consensus target is up at $20.88. The last trade for Wednesday was reported at $9.49.

Continental Resources Inc. (NYSE: CLR): Stifel downgraded the shares to Hold from Buy and lowered the $107 target price to $70. The consensus target is $76.08. Thursday’s close was at $71.61.

Core & Main Inc. (NYSE: CNM): Goldman Sachs lowered the price target to $27 from $31 while maintaining a Neutral rating. The consensus target is $30.73. The closing share price on Wednesday was $22.44.

Digital Realty Trust Inc. (NYSE: DLR): Deutsche Bank lowered its Buy rating to Hold and sliced the $150 price target to $144. That compares with a $161.05 consensus target and Wednesday’s close at $128.93.

FedEx Corp. (NYSE: FDX): Baird reiterated an Outperform rating on the legacy delivery giant and has a $300 target price. The consensus target is $285.89. The last trade on Wednesday was reported at $232.78. Shares were down almost 7% in the premarket.

Globe Life Inc. (NYSE: GL): Evercore ISI’s upgrade to Outperform from Inline included a target price hike to $112 from $105. The consensus target is $106.44. The stock closed over 4% higher on Wednesday at $93.26.

Jack Henry & Associates Inc. (NASDAQ: JKHY): Morgan Stanley started coverage with an Equal Weight rating and a $190 price target. The consensus target is $191.67. Wednesday’s close was at $179.27.


Lam Research Corp. (NASDAQ: LRCX): B. Riley Securities downgraded the semiconductor capital equipment giant to Neutral from Buy and slashed the $625 price target to $525. The consensus target is $640.97. The shares closed at $453.64.

Olin Corp. (NYSE: OLN): RBC Capital Markets reiterated an Outperform rating but lowered the $83 price target to $76. The consensus target is $76.06, and Wednesday’s $51.46 closing share price was down just over 10% on the day.

Planet Labs PBC (NYSE: PL): Needham reiterated a Buy rating but lowered the target price to $8 from $10. The consensus target is $ 12.31. The stock closed Wednesday at $4.56, which was down almost 12% for the day.

PubMatic Inc. (NASDAQ: PUBM): Lake Street started coverage with a Buy rating and a $26 price objective. The consensus target is $29.39. Wednesday’s close at $18.92 was up over 7% for the day, likely on the strength of the upgrade.

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