Investing

Tuesday's Top Analyst Upgrades and Downgrades: Adobe, Chewy, DoorDash, Exxon Mobil, Opendoor, Palantir, Phillips 66, Under Armour, Virgin Galactic and More

Maxar Technologies Inc. (NYSE: MAXR): Wells Fargo initiated coverage with an Overweight rating and a $39 price target. The consensus target is $44.14, and shares last closed at $25.18.

National Health Investors Inc. (NYSE: NHI): BMO Capital Markets downgraded the stock from Outperform to Market Perform with a $62 price target. The 52-week range is $50.22 to $69.23. Shares closed on Friday at $60.76.

Sunnova Energy International Inc. (NYSE: NOVA): Goldman Sachs downgraded the shares to Neutral from Buy and cut the price target to $24 from $31. The consensus target is $40.29. The stock closed most recently at $19.76.

Opendoor Technologies Inc. (NASDAQ: OPEN): Compass Point initiated coverage with a Neutral rating and a $6 price target. The consensus target is up at $13.95. The final trade Friday was reported at $4.83.

Palantir Technologies Inc. (NYSE: PLTR): BofA Securities started coverage with a Buy rating and a $13 price target. The consensus target is $10.81. The final trade on Friday was reported at $8.24.

Phillips 66 (NYSE: PSX): Money has been gushing for oil refiners, says Zacks, which named this one as the Bull of the Day stock. Shares last closed at $90.51, and the consensus price target of $115.93 would be a 52-week high.

Redfin Corp. (NASDAQ: RDFN): Compass Point resumed coverage with an $8.50 price target. The consensus target is $14.81. The final trade for Friday was reported at $7.79.

Six Flags Entertainment Corp. (NYSE: SIX): The B. Riley Securities downgrade to Buy from Neutral included a price target cut to $24 from $55. The consensus target is $51.08. Friday’s last trade was reported at $21.98.

SunPower Corp. (NASDAQ: SPWR): The Goldman Sachs downgrade was to Sell from Neutral. The shares last closed at $17.93, and the consensus price target is $20.36.

Suncor Energy Inc. (NYSE: SU): RBC Capital Markets upgraded it to Outperform from Sector Perform. The consensus target is $42.46. Friday’s last trade was reported at $34.32.

Under Armour Inc. (NYSE: UAA): Cowen lowered its Outperform rating to Market Perform and cut the $13 price target to $10. The consensus target is $16.27. The stock closed on Friday at $9.16.

Virgin Galactic Holdings Inc. (NYSE: SPCE): Wells Fargo started coverage with an Underweight rating and a $4 price target. The consensus target is $9.86. Friday’s close was at $6.25 a share.

In a market that is very volatile, and that could be headed much lower if we are already in a recession, seven safe-haven stocks make a ton of sense now. With even moderate appreciation in the share prices of the top companies, investors should be looking at double-digit total return potential.

Friday’s top analyst upgrades and downgrades included Acadia Pharmaceuticals, Accenture, Amgen, AutoZone, Azek, Boeing, Dollar General, Etsy, Fidelity National Information Services, FedEx, NexTier Oilfield Solutions, S&P Global, Unity Software and Warner Bros. Discovery. Analyst calls seen later in the day were on American Eagle Outfitters, American Express, Capital One Financial, CF Industries, Dow, Roblox, Urban Outfitters and more.

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