Investing
Monday's Top Analyst Upgrades and Downgrades: American Airlines, BP, Costco, Occidental Petroleum, PayPal, Six Flags, Toast and More
July 11, 2022 8:47 am
Last Updated: July 11, 2022 8:58 am
Occidental Petroleum Corp. (NYSE: OXY): Goldman Sachs downgraded the energy giant that Warren Buffett has been scooping up to Neutral from Buy and has a $70 target price. The consensus target is higher at $75.92. Friday’s last trade was reported at $60.67. The stock was down almost 3% in premarket action.
Omnicom Group Inc. (NYSE: OMC): Though Wells Fargo upgraded the advertising agency giant to Overweight from Equal Weight, the firm lowered the $96 price objective to $73. That compares with an $81.95 consensus target and Friday’s closing print of $64.46.
PayPal Inc. (NASDAQ: PYPL): Redburn downgraded the payment heavyweight to Neutral from Buy. Over the past year, the shares have traded in a stunning range of $67.58 to $310.16, and they now have a $117.36 consensus price target. The final trade Friday hit the tape at $73.43.
Range Resources Corp. (NYSE: RRC): Wells Fargo upgraded the stock to Overweight from Equal Weight and boosted the $44 price target to $49. The consensus target is $39.64. The stock closed on Friday at $25.62.
Six Flags Entertainment Corp. (NYSE: SIX): Citigroup downgraded the theme park giant to Neutral from Buy and slashed the $41 price target to $26. The consensus target is $46.27 for now. The shares closed Friday at $21.81, which was down over 7% on the downgrade.
Toast Inc. (NASDAQ: TOST): Baird reiterated an Outperform rating and $25 target price. The consensus target is $22.46. The shares ended the day Friday almost 3% lower to $14.57.
Vertex Energy Inc. (NASDAQ: VTNR): Oppenheimer started coverage with an Outperform rating and an $18 target price objective. The consensus target is $23.25. The stock closed on Friday at $11.41.
Virtu Financial Inc. (NASDAQ: VIRT): Goldman Sachs trimmed the $30 target price to $27 while keeping a Neutral rating. The consensus target is $38. Friday’s close was at $22.66.
Vita Coco Co. Inc. (NASDAQ: COCO) BofA Securities upgraded it to Buy from Neutral and lifted the target price to $12 from $10. The consensus target is $12.83. The $11.03 close on Friday was up close to 12% on the day.
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Friday’s top analyst upgrades and downgrades included Agilent Technologies, Bunge, Duolingo, Dynatrace, Emerson Electric, Kohl’s, Lamar Advertising, Oshkosh, Regions Financial, Splunk, Spotify, XPO Logistics and more.
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