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Friday's Top Analyst Upgrades and Downgrades: Coty, Etsy, FedEx, HPE, Shopify, Simon Property, Tesla, Warner Bros Discovery and More

RH (NYSE: RH): Though Telsey Advisory reiterated an Outperform rating, it slashed its $375 price target to $285. The consensus target is up at $379.27 for now. Thursday’s closing share price was $212.26, down almost 11% on the day after the company cut its full-year revenue outlook.

Shopify Inc. (NYSE: SHOP): Baird reiterated a Buy rating after a huge 10-for-1 split, and it has a $51 price target. The consensus is set higher at $85.06. The stock closed Thursday at $31.24, down almost 6% for the day.

Simon Property Group Inc. (NYSE: SPG): Jefferies downgraded the real estate giant to Hold from Buy and has a $100 target price. The consensus target is up at $147.47. Thursday’s last trade at $94.92 was down over 2% on the day.

Tesla Inc. (NASDAQ: TSLA): Goldman Sachs maintained a Buy rating on the electric vehicle pioneer, noting that “Tesla’s Supercharger network is the largest DC fast charging network in the US and one of the largest globally, with about 35K connectors globally and about 14K in the US (per the US Department of Energy).” The firm’s $1,000 price target which compares with the $894.47 consensus target and Thursday’s final print of $673.42.

Ventas Inc. (NYSE: VTR): Jefferies upgraded the shares to Buy from Hold and bumped up the price target by a dollar to $59. The consensus target is $63.05. The stock closed on Thursday at $51.43.

Warner Bros. Discovery Inc. (NASDAQ: WBD): Benchmark started coverage of the entertainment giant with a Buy rating and a $26 target price. The consensus target is higher at $33.29. Thursday’s final print hit the tape at $13.42, up close to 2% on the day.


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Thursday’s early top analyst upgrades and downgrades included Amazon.com, Azek, DraftKings, Goldman Sachs, Las Vegas Sands, Lyft, SunPower, Twitter, Unity Software, Weyerhaeuser and Wynn Resorts. Analyst calls seen later in the day were on Advanced Micro Devices, AppLovin, Carvana, Duke Energy, Plug Power and more.

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