Wednesday's Top Analyst Upgrades and Downgrades: Activision Blizzard, American Express, Chewy, eBay, Kohl's, Kroger, Monster Beverage, Occidental Petroleum, Tesla, Shopify and More

Occidental Petroleum Corp. (NYSE: OXY): Goldman Sachs lowered the $79 price target on the energy titan to $70. That compares with a $77.30 consensus target, and Tuesday’s closing print of $59.11.

PerkinElmer Inc. (NYSE: PKI): Evercore ISI’s downgrade was from Outperform to In line with a $150 target price. The consensus is $178.64. The shares were last seen Tuesday at $144.56.

Shopify Inc. (NYSE: SHOP): JMP Securities started coverage with a Market Perform rating. The shares have traded in a 52-week range of $29.72 to $176.29 and have an $85.09 consensus target. The stock closed over 8% higher on Tuesday at $34.

Signature Bank (NASDAQ: SBNY): Goldman Sachs lowered its $265 price target to $230 while keeping a Buy rating. The consensus target is a surprising $319.75. The last trade for Tuesday was recorded at $189.44.

Symbotic Inc. (NASDAQ: SYM): Needham initiated coverage with an Outperform rating and an $18 target price. The consensus target is $17.20. The last trade on Tuesday was reported at $14.26, up a stunning 21% on zero news.

Talaris Therapeutics Inc. (NASDAQ: TALS): Morgan Stanley downgraded the stock to Equal Weight from Overweight. It also slashed the $20 price target to $8, well below the consensus target of $15.25. The shares closed 26% higher on Tuesday at $2.90. The company recently posted a Phase 3 clinical data update.

Tesla Inc. (NASDAQ: TSLA): Oppenheimer reiterated an Outperform rating on the electric vehicle giant and has a $1,291 target price. The consensus target is just $893.72. The final trade Tuesday hit the tape at $699.20, up close to 3% on the day.

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Tuesday’s early top analyst upgrades and downgrades included Canopy Growth, Constellation Brands, Equifax, FedEx, Franklin Resources, Micron Technology, Paramount Global, RH and T-Mobile. Analyst calls seen later in the day were on Dollar General, HP, Texas Instruments and more.

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