Investing

Wednesday's Top Analyst Upgrades and Downgrades: Apple, Carvana, Gilead Sciences, Home Depot, Park Hotels, SNDL and More

Gilead Sciences Inc. (NASDAQ: GILD): Oppenheimer reiterated an Outperform rating and has a $90 price target for the biotech leader. The consensus target is $69.79. Tuesday’s final trade was reported at $66.33 a share.

Home Depot Inc. (NYSE: HD): Jefferies reiterated a Buy rating and $400 target after the big-box retailer’s solid earnings report. The consensus target is lower at $351.19. The shares closed Tuesday at $327.38, up over 4% on the back of the solid earnings print.

Matson Inc. (NYSE: MATX): Wolfe Research started coverage with an Underperform rating and an $80 target price. The consensus target is higher at $99. The final trade on Tuesday came in at $84.82.

MSCI Inc. (NYSE: MSCI): Oppenheimer maintained an Outperform rating and a $535 target. The consensus target is $498.73. The stock closed on Tuesday at $503.62.

Navitas Semiconductor Corp. (NASDAQ: NVTS): Baird reiterated an Outperform rating with a $12 target price. The consensus target is $9.63. The final trade on Tuesday was for $7.76 a share, up a stunning 26% after revenues jumped for the quarter and the company made a very positive acquisition, buying GeneSic Semiconductor.

Park Hotels & Resorts Inc. (NYSE: PK): The BMO Capital Markets downgrade to Market Perform from Outperform included a target price cut to $18 from $21. The consensus target is $20.65. The stock closed on Tuesday at $15.96.

Rattler Midstream L.P. (NASDAQ: RTLR): Wells Fargo cut its Overweight rating to Equal Weight and trimmed the $17 target price to $14. The consensus target is $16. The stock closed on Tuesday at $14.19.

RPT Realty (NYSE: RPT): Mizuho downgraded the stock to Neutral from Buy and clipped the price target to $11 from $12. The consensus target is $12.55. The stock closed on Tuesday at $10.96.

Shoals Technologies Inc. (NASDAQ: SHLS): Oppenheimer reiterated an Outperform rating with a $40 target. The consensus target is $25.23. Tuesday’s $26.32 close was up over 5% after the company met earnings expectations.


Simply Good Foods Co. (NASDAQ: SMPL): Goldman Sachs lowered the $49 price target on the Buy-rated stock to $44. The consensus target is $45.23. The stock closed at $33.59 on Tuesday.

SITE Centers Corp. (NYSE: SITC): When Mizuho raised its Neutral rating to Buy, it also bumped its target price to $17 from $15. The consensus target is $16.17. Tuesday’s last trade was at $15.45 a share.

SNDL Inc. (NASDAQ: SNDL): Canaccord Genuity upgraded the stock to Speculative Buy from Hold and has a $5 target. The consensus target is $5.73. The stock closed on Tuesday at $3.06.

TriNet Group Inc. (NASDAQ: TNET): J.P. Morgan downgraded the stock to Underweight from Neutral and raised the $89 price target to $96. The consensus target is $97. The last trade on Tuesday was filled at $90.98.

UDR Inc. (NYSE: UDR): Goldman Sachs raised the price target on the Buy-rated stock to $57 from $51. The consensus target is $53.60. The closing share price on Tuesday was $50.39.


Declining prices are putting the top energy dividend stocks back on sale. Investors wanting to initiate or add positions have a chance to buy seven of the top names in the sector at prices that are the lowest this summer.

Tuesday’s top analyst upgrades and downgrades included Bed Bath & Beyond, Dick’s Sporting Goods, Etsy, Illinois Tool Works, Plains All-American Pipeline, Poshmark, PPL, Revolve and Truist Financial.

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