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Wednesday's Top Analyst Upgrades and Downgrades: Airbnb, CSX, McDonald's, Merck, Microsoft, MGM Resorts, Nike, Oracle, Union Pacific and More
June 29, 2022 8:50 am
Last Updated: June 29, 2022 9:04 am
Penn National Gaming Inc. (NASDAQ: PENN): JMP Securities started coverage with a Market Outperform rating and a $52 target price. The consensus target is $57.00, and Tuesday’s closing print was $31.79.
Polaris Inc. (NYSE: PII): Jefferies started coverage with a Hold rating and a $105 target price. The consensus target is up at $122.15. The final trade for Tuesday was reported at $103.96.
Portland General Electric Co. (NYSE: POR): Mizuho’s downgrade to Neutral from Buy included a price target cut to $40 from $56. The consensus target is $53.80. The final trade for Tuesday was reported at $48.88.
Power Integrations Inc. (NASDAQ: POWI): Stifel reiterated a Buy rating with a $118 target price. The consensus target is $105.67, and the stock closed at $76.00 on Tuesday.
State Street Corp. (NYSE: STT): Deutsche Bank downgraded the money management giant from Buy to Hold with a $67 target price. The consensus target is higher at $92.14. The shares closed on Tuesday at $64.49.
Tenneco Inc. (NYSE: TEN): J.P. Morgan resumed coverage with an Overweight rating and a $20 target price, which is the same as the consensus target. Shares ended Tuesday trading at $17.65.
Union Pacific Corp. (NYSE: UNP): Credit Suisse started coverage of the legacy railroad giant with an Outperform rating and a $255 target price. The consensus target is $267. The stock closed at $213.36 on Tuesday.
XPO Logistics Inc. (NYSE: XPO): Credit Suisse started coverage with an Outperform rating and a $65 price objective. The consensus target is $82.86, and Tuesday’s final trade was for $48.43 a share.
W.P. Carey Inc. (NYSE: WPC): Wolfe Research initiated coverage with a Peer Perform rating and an $88 target price. The consensus is $88.70. The shares closed on Tuesday at $86.12.
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Goldman Sachs also has named tech stocks to avoid now.
24/7 Wall St.Tuesday’s early top analyst upgrades and downgrades included Atlassian, Autodesk, BioMarin Pharmaceutical, Darden Restaurants, DraftKings, eBay, Fortinet, LyondellBasell Industries, Riot Blockchain and WEC Energy. Analyst calls seen later in the day were on Apple, Farfetch, Microchip Technology, Molson Coors Beverage, Snowflake, United Parcel Service, Verizon Communications and more.
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