Investing

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

Plug Power Inc. (NASDAQ: PLUG): Northland Capital started coverage with a Market Perform rating and a $25 target. The consensus is up at $34.14. The stock closed on Tuesday at $23.23, up over 9% for the day on zero news we could source.

Revolve Group Inc. (NYSE: RVLV): Baird maintained an Outperform rating and $50 target price in front of Wednesday’s earnings print. The consensus target is $49.17. The last trade on Tuesday hit the tape at $29.05.

Ross Stores Inc. (NASDAQ: ROST): Goldman Sachs began covering the popular discount retailer with a Buy rating and a $102 price objective. That compares with the lower $96.35 consensus and Tuesday’s close of $79.83, which was down 3% on the day.

Teva Pharmaceuticals Industries Ltd. (NYSE: TEVA): Goldman Sachs stuck with a Neutral rating but bumped the $9 price target to $10. The consensus target for the generic drug giant is $10.07. The stock closed at $9.83 on Tuesday, up almost 4% for the day.

TJX Companies Inc. (NYSE: TJX): Goldman Sachs started coverage with a Neutral rating and a $70 target price. The consensus target is $75.30. The shares ended Tuesday’s session at $61.64.

Tricon Residential Inc. (NYSE: TCN): The Raymond James upgrade to Strong Buy from Outperform came with a target price trim to $16 from $17. The consensus target is $14.22. The shares closed on Tuesday at $10.96.


Uber Technologies Inc. (NYSE: UBER): Raymond James upgraded shares of the ride-sharing leader from Market Perform to Outperform with a $38 target price objective. That compares with a higher $47.71 consensus target and Tuesday’s close at $29.25, which was up a massive 19% after the company hit earnings targets and announced a $2 billion share buyback.

Woodward Inc. (NASDAQ: WWD): Truist Financial downgraded the stock to Hold from Buy and slashed the $121 price target to $88. The consensus target is $117.43. The stock was last seen on Tuesday trading at $93.29, down almost 11% after earnings and revenue dropped for the quarter


Tuesday’s early top analyst upgrades and downgrades included Amazon, Chevron, Comcast, Meta Platforms, Spirit Airlines and Starbucks. Analyst calls seen later in the day were on Intel, Pinterest, Snowflake and more.

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