Investing

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

Lazard Ltd. (NYSE: LAZ): Keefe Bruyette downgraded the stock to Underperform from Market Perform and cut the price target to $30 from $38. The consensus target is $39.88. The final trade on Wednesday was reported at $32.67, which down almost 3% on the day.

Nvidia Corp. (NASDAQ: NVDA): Though Susquehanna reiterated a Positive rating on the chip giant, it also lowered its $260 target price to $220. That compares with a $252.54 consensus target and Wednesday’s closing print of $151.64.

Rivian Automotive Inc. (NASDAQ: RIVN): Canaccord Genuity started coverage of the electric vehicle car maker with a Buy rating and a $61 target price. The consensus target is $58.50. The last trade on Wednesday was reported at $30.76 per share.

Southern Copper Corp. (NYSE: SCCO): Citigroup downgraded the stock to Sell from Neutral and slashed the $70 price target to $40. The consensus target is $63.47, and Wednesday’s closing price was $48.24 a share.

Tesla Inc. (NASDAQ: TSLA): Canaccord Genuity resumed coverage of the eclectic vehicle heavyweight with a Buy rating and an $801 target price. The consensus target is higher at $893.46, and the stock was last seen on Wednesday trading at $711.12.

Twitter Inc. (NYSE: TWTR): Rosenblatt upgraded the stock to Buy from Neutral, and it also raised its target price to $52 from $33. The consensus target was last seen at $46.42. The stock closed almost 8% higher on Wednesday at $36.90.

U.S. Silica Holdings Inc. (NYSE: SLCA): Morgan Stanley upgraded the shares to Equal Weight from Underweight and has a $15 target. The consensus target for the stock is $19.60, and the final trade on Wednesday was filled at $10.31 per share.

Verra Mobility Corp. (NASDAQ: VRRM): Baird downgraded the stock to Neutral from Outperform and has an $18 target. The consensus target is $19.57. Wednesday’s close at $15.35 a share was down more than 4% for the day.


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Wednesday’s top analyst upgrades and downgrades included Ally Financial, Cisco Systems, HCA Healthcare, JetBlue Airways, Juniper Networks, Snowflake, Southwest Airlines, STORE Capital, Take-Two Interactive Software and Zoetis. Analyst calls seen later in the day included Bath & Body Works, BioNTech, Caesars, Freeport McMoRan, Gap, Hasbro, Synchrony Financial and more.

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