Investing
Monday's Top Analyst Upgrades and Downgrades: Block, Boeing, Chesapeake Energy, JPMorgan, Kraft Heinz, Merck, Netflix and More
July 18, 2022 8:40 am
Last Updated: March 31, 2023 10:25 am
Chegg Inc. (NYSE: CHGG): Goldman Sachs initiated coverage with a Neutral rating and a $20 target price. The consensus target is $29.04. Friday’s closing print of $19.42 was up almost 6%.
Chesapeake Energy Corp. (NASDAQ: CHK): Goldman Sachs started coverage with a Buy rating and a $106 target price. That compares with the higher $127.30 consensus target and Friday’s close at $83.18, which was up over 5% for the day. The shares followed through Monday morning, up an additional 2% in the premarket.
DexCom Inc. (NASDAQ: DXCM): Bernstein started coverage with an Outperform rating and a $105 target price. The consensus target is $122.31. The stock ended Friday at $79.14, up over 3% on the day.
Double Verify Holdings Inc. (NYSE: DV): Goldman Sachs started coverage on the digital media company with a Buy rating and a $30 target price. The consensus target is $32.40. The final trade for Friday was filled at $24.23, up almost up 8% on the upgrade.
Duke Realty Corp. (NYSE: DRE): Baird downgraded the shares to Neutral from Outperform and lowered the $78 target price to $74. The final trade for Friday was reported at $57.03.
Groupon Inc. (NASDAQ: GRPN): Goldman Sachs resumed coverage with a Sell rating, and it trimmed the $12.10 target price to $11. The consensus target is $16.77. The stock ended trading on Friday at $9.64, up close to 9% on no reported news we could source.
IQVIA Holdings Inc. (NYSE: IQV): SVB Leerink started coverage with an Outperform rating and a $256 target price. The consensus target is $261.53. The stock closed up over 3% on Friday at $219.08.
JPMorgan Chase & Co. (NYSE: JPM): Berenberg upgraded the stock from Sell to Hold with a $120 target price. The consensus for the money center and investment giant is $142.67. The stock closed on Friday at $112.95, up almost 5% for the day.
Kraft Heinz Co. (NASDAQ: KHC): Mizuho initiated coverage with a Buy rating and a $48 target price. The consensus target is $42.97. The stock closed Friday at $38.01.
Merck & Co. Inc. (NYSE: MRK): The Zacks Bull of the Day stock continues to make acquisitions and its fundamentals make it an attractive play for the second half of 2022, says the analyst. Shares last closed at $94.96, and the $98.43 consensus price target would be a 52-week high.
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