Investing

Tuesday's Top Analyst Upgrades and Downgrades: Broadcom, Deere, FedEx, Lululemon, LyondellBasell, Nvidia, Starbucks and More

Deere & Co. (NYSE: DE): Baird maintained an Outperform rating with a $406 price target and noted that the company repurchased 3.8 million shares so far in the third quarter for $1.25 billion. The consensus target for the equipment giant is $399.00. The last trade on Friday was reported at $362.22.

Duluth Holdings Inc. (NASDAQ: DLTH): Baird reiterated a Neutral rating and trimmed the $11 target price to $9. The consensus target is $10.50. The stock closed Friday at $7.91, down over 8% on the day after the company missed earnings expectations and lowered its 2022 fiscal year outlook.

FedEx Corp. (NYSE: FDX): Citigroup downgraded the delivery giant to Neutral from Buy. It also cut the target price to $225 from $270, while the consensus target is $290.00. The stock closed on Friday at $208.72.

Greif Inc. (NYSE: GEF): Stifel initiated coverage with a Buy rating and a $90 price target. The consensus target is $65.80. The stock closed on Friday at $67.26.

GMS Inc. (NYSE: GMS): The analysts at Baird reiterated an Outperform rating with a $67 target price. The consensus target is $57.38. The stock closed on Friday at $46.05.

HashiCorp Inc. (NASDAQ: HCP): Stifel lowered its $51 price target on the Buy-rated shares to $45. The consensus target is $44.70, and Friday’s final trade was for $30.11 a share.

IMAX Corp. (NASDAQ: IMAX): Because movies “just don’t hit like they used to” in the post-pandemic world, Zacks selected this stock as its Bear of the Day. Shares have traded as high as $22.10 in the past year but closed most recently at $14.75. That is down more than 26% in the past six months.


Ironwood Pharmaceuticals Inc. (NASDAQ: IRWD): Capital One initiated coverage with an Overweight rating and a $15 target. The consensus target is $12.67. The stock closed on Friday at $10.88.

Lululemon Athletica Inc. (NASDAQ: LULU): Goldman Sachs reiterated a Buy rating on the stock, which resides on its Conviction List of top picks. Its $383 target price tops the consensus target of $378.85. The last trade on Friday at $314.72 was up close to 7% for the day after the company posted a huge second-quarter earnings beat.

LyondellBasell Industries N.V. (NYSE: LYB): J.P. Morgan downgraded shares of the chemical giant to Neutral from Overweight and lowered the $115 price objective to $80. The consensus target is $100.75. The last trade on Friday was reported at $80.78.

nCino Inc. (NASDAQ: NCNO): Truist Financial lowered its target price on the Buy-rated shares to $45 from $70. The posted consensus target is $44.80. The stock closed on Friday at $32.16, which was up almost 10% for the day after the company posted solid second-quarter results.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.