Investing

Tuesday's Top Analyst Upgrades and Downgrades: Canopy Growth, FedEx, Franklin Resources, Micron Technology, Paramount Global, T-Mobile and More

Codiak BioSciences Inc. (NASDAQ: CDAK): Goldman Sachs lowered its target price to $7 from $8 while maintaining a Buy rating. The consensus target is higher at $11.33, and the shares closed Friday at $2.58, which was down over 10% on the day despite reporting some positive clinical data last week.

Constellation Brands Inc. (NYSE: STZ): Goldman Sachs reiterated a Buy rating on the shares, which are on the firm’s Conviction List of top stock picks. The $275 target price compares with a consensus target of $271.14. The final trade last Friday was reported at $235.43.

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY): Stifel reiterated a Hold rating on the popular restaurant and entertainment stock and has a $36 target. The consensus target is up at $57. The close on Friday at $33.71 was up almost 3% for the day.

Duck Creek Technologies Inc. (NASDAQ: DCT): BofA Securities lowered its Buy rating to Neutral and cut the $39 price objective to $16. The consensus target is $20.75. The stock closed over 3% lower on Friday at $14.36.

Equifax Inc. (NYSE: EFX): Stifel cut its price target on the Buy-rated shares to $223 from $254. The $232.76 consensus target also compares with Friday’s closing share price of $186.55.

FedEx Corp. (NYSE: FDX): Berenberg downgraded the ground and air delivery giant to Hold from Buy and slashed the $333 price target to $285. The consensus target is $293.82. The last trade on Friday was reported at $223.61.

First Republic Bank (NYSE: FRC): Atlantic Equities raised its Neutral rating to Overweight but lowered the $210 price target to $188. The consensus target is $186.63, and the stock closed on Friday at $147.38.

Franklin Resources Inc. (NYSE: BEN): Goldman Sachs reinstated a Sell rating on the mutual fund giant and has a $23 target price. The consensus target is $24.67. The last trade on Friday came in at $23.58.


Global Payments Inc. (NYSE: GPN): Baird reiterated an Outperform rating but dropped its target price to $144 from $192. The consensus target is $175.22, and the last trade Friday was for $110.93 a share.

Haemonetics Corp. (NYSE: HAE): Raymond James raised its price target on the stock to $76 from $63 while keeping an Outperform rating. The consensus target is $73.50. The stock closed over 3% higher on Friday at $67.32.

Micron Technology Inc. (NASDAQ: MU): Goldman Sachs lowered its $86 price target on the memory chip giant to $75 while keeping a Buy rating on the shares. The consensus target is $94.70. The $53.65 close on Friday was down almost 3% on the day.

Myers Industries Inc. (NYSE: MYE): Buoyed by an undervalued and leading industry group, it is not difficult to see why this stock is a compelling investment, says Zacks, which selected it as the Bull of the Day. The shares last closed at $22.70. That is a gain of more than 13% year to date, while the S&P 500 has retreated almost 20% in that time.

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