Investing

Thursday's Top Analyst Upgrades and Downgrades: Corning, Dell, First Solar, FuboTV, Seagate, 3M, Western Digital, Xerox and More

3M Co. (NYSE: MMM): Bernstein resumed coverage on the venerable industrial heavyweight with a Market Perform rating and a $155 target price. The consensus target is $147.08. The stock closed at $147.43 on Wednesday.

Unity Software Inc. (NYSE: U): Wolfe Research started coverage with an Outperform rating and a $70 target. The consensus target is $52.37. The company, which is trying to Buy AppLovin, saw its stock close almost 3% lower on Wednesday at $52.10.

Unum Group (NYSE: UNM): Zacks has selected this insurer as its Bull of the Day stock, citing the shareholder value added by its dividend hikes and share buybacks. Shares hit a 52-week high of $39.70 on Wednesday and were higher than that in Thursday’s premarket. The year-to-date gain is about 60%.

Vale S.A. (NYSE: VALE): Itau BBA downgraded the mining shares to Market Perform from Outperform and has a $15 target price. The consensus target is $18.56. The stock was last seen on Wednesday trading at $13.21, which was down almost 3% for the day.

Western Digital Corp. (NASDAQ: WDC): Credit Suisse started coverage with a Neutral rating and a $52 target. The consensus target for the hard disk drive giant is higher at $68.88. The stock closed on Wednesday at $48.20.

Xerox Holdings Corp. (NYSE: XRX): Credit Suisse initiated coverage with an Underperform rating and a $14 target. The consensus target is $14.67. The $18.59 close on Wednesday was down almost 4% on the day.


The summer surge in stocks likely has been a bear market rally, and the smart move now may be to take profits and grab large-cap dividend stocks that are on sale. Seven S&P 500 stocks fit the bill, and they offer very solid total return potential and look like outstanding ideas for concerned investors.

Credit Suisse still likes Snowflake but expects more from another tech stock.


Wednesday’s early top analyst upgrades and downgrades included Apple, Carvana, Elanco Animal Health, Gilead Sciences, Home Depot, Park Hotels & Resorts, Shoals Technologies, SNDL, SITE Centers and UDR. Analyst calls seen later in the day were on DraftKings, Rockwell Automation, Sandstorm Gold, Stanley Black & Decker, Take-Two Interactive Software, Teladoc Health, Yum! Brands and more.

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