Investing

Tuesday's Top Analyst Upgrades and Downgrades: Alphabet, Chipotle, Exxon, Goodyear, Paramount, Teladoc, Tesla and More

Paramount Global Inc. (NASDAQ: PARA): When Morgan Stanley downgraded the stock to Underweight from Equal Weight, it cut the $32 price target to $22. The consensus target is $36.93. The stock closed almost 2% lower on Monday at $24.52.

Penumbra Inc. (NYSE: PEN): RBC Capital Markets started coverage with an Outperform rating and a $195 target price. The consensus target is up at $240.17. The last trade for Monday was at $121.05.

Sony Group Corp. (NYSE: SONY): Falling expectations over the past 60 days prompted Zacks to select this as its Bear of the Day stock. Shares have traded as high as $133.75 in the past year but closed most recently at $82.21. That is about 35% lower year to date.

Teladoc Health Inc. (NYSE: TDOC): Jefferies reiterated a Hold rating on the shares and has a $38 price target. The consensus target is $57.98. Monday’s close was at $39.50.

Tesla Inc. (NASDAQ: TSLA): Credit Suisse resumed coverage with an Outperform rating and a $1000 target price for the electric vehicle giant. The consensus target is set at $872.65. The stock closed Monday at $721.64.

WD-40 Co. (NASDAQ: WDFC): D.A. Davidson raised its Neutral rating to Buy with a $205 target price. The consensus target is just $189.50. The stock closed over 7% higher on Monday at $180.14.

Yelp Inc. (NASDAQ: YELP): Goldman Sachs assumed coverage with a Buy rating but dropped the target price objective to $33 from $49. The consensus target is $37.00. Monday’s close at $28.47 was up almost 3% on the day.

Yeti Holdings Inc. (NYSE: YETI): Jefferies maintained a Buy rating on the popular cooler company, and it has a $90 target price. The consensus target is $71.94. Monday’s last trade came in at $46.44, up close to 3% for the day.


A hefty pullback in crude oil prices has brought top energy stocks back to outstanding entry points while demand remains strong. Seven large-cap exploration and production companies pay big, dependable dividends and are buying back shares.

Also, Goldman Sachs spots another winner (and a loser) in the natural gas space.


Monday’s top analyst upgrades and downgrades included Block, Boeing, Chegg, Chesapeake Energy, DexCom, Duke Realty, JPMorgan Chase, Kraft Heinz, Merck, Netflix, Patterson-UTI Energy and TechnipFMC. Analyst calls seen later in the day were on Brinker, Fox, General Motors, Lemonade, Paramount Global, Yum! Brands and more.

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