Investing

Wednesday's Top Analyst Upgrades and Downgrades: Amgen, Coinbase, Micron Technology, Nvidia, Roku, Take-Two Interactive and More

Coinbase Global Inc. (NASDAQ: COIN): Keefe Bruyette downgraded the stock to Underperform from Market Perform and has a $45 target price. The consensus target is $108.23. Tuesday’s close at $87.68 was down almost 11% on the day after posting a wider-than-expected loss.

Eaton Corp. PLC (NYSE: ETN): Oppenheimer maintained an Outperform rating with a $170 target price. The consensus target is $161.65. The shares ended Tuesday trading at $146.41.

Enovix Corp. (NASDAQ: ENVX): Loop Capital began coverage on the battery company with a Buy rating and a $50 target. The consensus target is $23.80. The last trade Tuesday was reported at $14.41, up over 5% for the day on the strong upgrade.

Federal Realty Investment Trust (NYSE: FRT): BofA Securities raised its Neutral rating to Buy and lifted hiked the $110 target price objective to $130. The consensus target is $118.59. The stock closed on Tuesday at $107.41.

Garmin Ltd. (NASDAQ: GRMN): This stock was selected as the Bear of the Day at Zacks, which cited “tough-to-compete against periods” and downbeat guidance. Shares have traded as high as $178.81 in the past year but closed most recently at $95.12, which is down around 30% year to date.

GoodRx Holdings Inc. (NASDAQ: GDRX): Goldman Sachs raised its price target on the Neutral-rated shares to $10 from $9. The consensus target is $9.29. The stock closed on Tuesday at $7.81.

Healthcare Realty Trust Inc. (NYSE: HR): Citigroup resumed coverage with a Neutral rating and a $27 target. This consensus target of $32.79. The shares closed on Tuesday at $25.86, up 2% for the day.

Myovant Sciences Ltd. (NYSE: MYOV): SVB Leerink upgraded the stock to Outperform from Market Perform and boosted the $12 price target to $23. The consensus target is $18.20. The stock was last seen Tuesday at $16.68, up over 6% on the day. Tuesday, the FDA approved Myfembree, the joint venture with Pfizer for endometriosis-associated pain.

Micron Technology Inc. (NASDAQ: MU): Raymond James downgraded the chip giant to Outperform from Strong Buy. It also cut its $72 price target to $65, well below the $77.35 consensus target. Tuesday’s last trade of $59.15 was down close to 4% for the day.

NRG Energy Inc. (NYSE: NRG): Goldman Sachs lowered its target price on the utility giant to $46 from $52 but kept a Buy rating. The consensus target is $44.27. Tuesday’s close was at $38.33.


Nutrien Ltd. (NYSE: NTR): Scotiabank upgraded the shares to Sector Outperform from Sector Perform, but it also trimmed the $118 target price to $110. The consensus target is $111.49. The stock closed over 3% higher on Tuesday at $88.34.

Nvidia Corp. (NASDAQ: NVDA): Baird stuck with a Neutral rating with a $150 price target on the chip giant. The consensus is target is up at $233.84 for now. The shares closed Tuesday at $170.86, down almost 4% on the day, as the semiconductor sector has been weak across the board.

PubMatic Inc. (NASDAQ: PUBM): Oppenheimer lowered its $30 price objective to $28 while maintaining an Outperform rating. The consensus target is $27.65. After posting outstanding results for the quarter, its $21.98 closing share price on Tuesday bounced up 24% on the day.

Restaurant Brands International Inc. (NYSE: QSR): Argus upgraded the stock to Buy from Hold and has a $67 target price. The consensus target is $84.17. The shares closed on Tuesday at $59.25.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.