Investing

Thursday's Top Analyst Upgrades and Downgrades: AMD, Alphabet, Amazon, DR Horton, Freeport-McMoRan, Intel, Nvidia, Rivian, Tesla, Twitter and More

Cardlytics Inc. (NASDAQ: CDLX): BofA Securities downgraded the stock from Neutral to Underperform with a $14 target. The consensus target is $59.50 for now. The stock closed almost 8% lower on Wednesday at $14.44.

Celanese Inc. (NYSE: CE): RBC Capital Markets lowered its Outperform rating to Sector Perform and chopped the $200 price target almost in half to $116. The consensus target is $164.67. The final trade Wednesday came in at $108.21, which was down 3% on the day.

Commvault Systems Inc. (NASDAQ: CVLT): Piper Sandler’s downgrade to Neutral from Overweight included a target price cut to $69 from $78. The consensus target is $75.67 for now. The shares closed Wednesday at $57.65, down almost 10% for the day on no news that we could source.

Dave & Busters Entertainment Inc. (NASDAQ: PLAY): Deutsche Bank downgraded the popular restaurant and video gaming stock to Hold from Buy and has a $37 target price. The consensus target is higher at $57.38. Wednesday’s close at $31.78 was almost 3% higher on the day.

Digital Ocean Inc. (NASDAQ: DOCN): The Goldman Sachs downgrade to Sell from Buy included a target price cut to $40 from $54. The consensus target is $57.60 for now. The shares closed almost 4% lower on Wednesday at $37.11.

D.R. Horton Inc. (NYSE: DHI): Zacks named this homebuilder as its Bear of the Day stock and has the equivalent of a Strong Sell rating on the shares. They have traded as high as $110.45 apiece in the past year but closed most recently at $73.76. That is down about 32% year to date.

Ecolabs Inc. (NYSE: ECL): BofA Securities downgraded the shares to Neutral from Buy and cut the $193 price target objective to $183. The consensus target is $190.50. Wednesday’s closing share price was $155.61.

F5 Inc. (NASDAQ: FFIV): Piper Sandler’s downgrade to Neutral from Overweight included a price target cut to $173 from $197. The consensus target is $214.47. Wednesday’s close was at $149.39.


Freeport-McMoRan Inc. (NYSE: FCX): When Citigroup downgraded the stock to Neutral from Buy, it also chopped the $48 price target to $28. The consensus target for the mining giant is $44.33, and shares closed at $26.44 on Wednesday.

Illumina Inc. (NASDAQ: ILMN): Barclays downgraded the stock to Underweight and slashed its $350 price target to $150. The consensus target is $328.31. The stock closed Wednesday at $181.18, down close to 4% for the day.

Intel Corp. (NASDAQ: INTC): Susquehanna maintained a Neutral rating on the legacy semiconductor company and reduced the $50 price target to $42. The consensus target is $50.27. Intel shares closed on Wednesday at $37.21.

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