Investing

Thursday's Top Upgrades and Downgrades: Carvana, Dick's Sporting Goods, Frontier, O’Reilly, SolarEdge, VICI Properties and More

Carvana Co. (NYSE: CVNA): Baird reiterated its Outperform rating with a $65 target price. The consensus target is $57.60. The stock closed over 4% higher on Wednesday at $36.09.

Centennial Resource Development Inc. (NASDAQ: CDEV): Truist Financial upgraded the stock to Buy from Hold and lifted the $7 target price to $13 ahead of the merger with Colgate Energy Partners. The consensus target is $9.60. Wednesday’s close at $8.10 was up almost 5% on the day.

Cyxtera Technologies Inc. (NASDAQ: CYXT): Citigroup raised its Neutral rating to Buy with a $13 target. The consensus target is $14.43. The stock closed on Wednesday at $7.66.

Dick’s Sporting Goods Inc. (NYSE: DKS): Goldman Sachs raised its $105 target price on the popular retailer to $125 while maintaining a Buy rating. The consensus target is $122.24 The stock closed almost 3% lower on Wednesday at $108.06.

Essential Properties Realty Trust (NYSE: EPRT): BofA Securities upgraded the shares to Buy from Neutral and has a $27 target price. The consensus target is $27.15. The last trade for Wednesday hit the tape at $23.25.

Establishment Labs Holdings Inc. (NASDAQ: ESTA): B. Riley Securities initiated coverage with a Buy rating and has a $107 target. The consensus target is just $94.33. The stock closed on Wednesday at $65.04, a 4% gain on the day.

Frontier Group Holdings Inc. (NASDAQ: ULCC): Morgan Stanley resumed coverage on the carrier with an Overweight rating after its failed bid to buy Spirit Airlines. The analyst has a $20 target price, which compares with the $17.14 consensus target. Wednesday’s close at $13.20 was a solid 3.6% gain for the day.


Globant S.A. (NYSE: GLOB): Goldman Sachs reiterated a Buy rating with a $290 price target. That compares with the $280.70 consensus target and Wednesday’s close at $227.28.

Hyatt Hotels Corp. (NYSE: H): Baird maintained a Neutral rating but raised the $94 target price to $105. The consensus target is $101.94. The stock closed at $93.54 on Wednesday.

Illinois Tool Works Inc. (NYSE: ITW): BofA Securities resumed coverage with a Neutral rating and a price target of $188. The consensus target is $200.44, and the stock closed on Wednesday at $205.62.

Intuit Inc. (NASDAQ: INTU): Goldman Sachs reiterated a Buy rating with a $615 target price, after the company posted very solid results and gave upbeat forward guidance. The consensus target is $530.28. Wednesday’s close at $465.77 was up almost 4% on the outstanding earnings print.

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