Investing

Wednesday's Top Analyst Upgrades and Downgrades: Caterpillar, Ford, Mosaic, Phillips 66, Plug Power, Ross Stores, Uber and More

Choice Hotels International Inc. (NYSE: CHH): UBS downgraded the stock to Neutral from Buy and lowered its $167 target price to $124. The consensus target is $135.89. Tuesday’s close was at $117.72 a share.

Comstock Resources Inc. (NYSE: CRK): Piper Sandler upgraded the shares from Underweight to Neutral and set a $17 price target, in line with the $17.05 consensus target. Tuesday’s final trade came in at $15.98 per share.

Constellation Brands Inc. (NYSE: STZ): BMO Capital Markets initiated coverage with an Outperform rating and a $290 price target. The consensus target is $274.63. The close Tuesday was at $245.00.

Duckhorn Portfolio Inc. (NYSE: NAPA): Citigroup resumed coverage of shares of the very popular wine and vineyards company with a Buy rating, but it sliced the $24 target price to $22. The consensus target is $24.50. The shares closed on Tuesday at $18.43.

Ford Motor Co. (NYSE: F): Citigroup reiterated a Neutral rating on the legacy automaker and trimmed the price target to $15 from $16. The consensus target is $15.96. The last Ford trade for Tuesday was posted at $15.16 a share.

Four Corners Property Trust Inc. (NYSE: FCPT): Berenberg lowered its Buy rating to Hold and trimmed its $31 target price to $30. The consensus target is $30.17. The stock closed on Tuesday at $28.53.

Garmin Ltd. (NASDAQ: GRMN): BofA Securities downgraded the stock to Neutral from Buy and lowered the $137 price objective to $109. Tuesday’s close was at $96.48.

Mosaic Co. (NYSE: MOS): Citigroup upgraded the stock to Buy from Neutral and has a $61 target price. The consensus target is $69.55. The final trade on Tuesday was reported at $52.22.


Noodles & Co. (NASDAQ: NDLS): This restaurant operator was selected as the Bear of the Day stock at Zacks, which cited the ongoing impact of higher costs. Shares have traded as high as $13.44 in the past year but closed most recently at $5.15, which is down more than 38% year to date.

On Semiconductor Corp. (NASDAQ: ON): Goldman Sachs raised the $60 price target to $68 while keeping a Buy rating. The consensus target is $72. The stock closed over 3% higher on Tuesday at $65.50.

PerkinElmer Inc. (NYSE: PKI): BofA Securities cut its Buy rating to Neutral and has a $178 target price. The consensus target is $171.36. Tuesday’s last trade at $154.10 a share was down over 4% on the day.

Phillips 66 (NYSE: PSX): It pays to be a refiner in 2022, says Zacks, which named this one as its Bull of the Day. Shares last closed at $87.54, and the consensus price target of $114.99 would be a 52-week high.

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