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

Semtech Corp. (NASDAQ: SMTC): B. Riley Securities lowered its Buy rating to Neutral and cut the $87 target price to $65. The consensus price target is $85. The stock was last seen on Wednesday trading at $57.34.

Sonos Inc. (NASDAQ: SONO): Morgan Stanley’s downgrade to Equal Weight from Overweight included a target price cut to $28 from $38. The consensus target is $33.29. The stock closed on Wednesday at $19.42.

Southwestern Energy Co. (NYSE: SWN): Benchmark raised the natural gas player’s rating from Hold to Buy with a $14 target price. The consensus target is just $10.93. The close on Wednesday was at $7.76 a share.

Spotify Technology S.A. (NYSE: SPOT): Wells Fargo upgraded shares of the music streaming heavyweight to Equal Weight from Underweight. It also lifted its $101 price target to $124, but the consensus target is still higher at $146.88. The shares ended Wednesday almost 8% higher to $105.35.

Tapestry Inc. (NYSE: TPR): The Jefferies upgrade was to Buy from Hold, and the price target increased to $45 from $30. The consensus target is $45.72. The shares closed Wednesday at $32.70, which was up almost 4% after the upgrade.

Wheels Up Experience Inc. (NYSE: UP): Goldman Sachs started coverage with a Buy rating and a $5 target. The consensus target is $5.40. The stock closed Wednesday at $2.35, up a stunning 22% for the day, likely on the upgrade.

Elon Musk recently spoke about owning tangible items as investments, and real estate is the ultimate example of this. Apartment and self-storage focused real estate investment trusts face less impact from rising interest rates, and seven top REITs pay solid dividends and are Buy rated at major Wall Street firms.

See why five semiconductor equipment stocks now have huge upside potential.

Wednesday’s early top analyst upgrades and downgrades included Accenture, Bridgebio Pharma, Chesapeake Energy, eBay, Hewlett Packard Enterprise, Huntsman, New York Community Bancorp, Nucor, Oracle, PBF Energy, Phillips 66, United States Steel and Valero Energy. Analyst calls seen later in the day were on Airbnb, Coinbase Global, Marvel Technology, Nike, Robinhood Markets, Snowflake and more.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.