Investing

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

Nvidia Inc. (NASDAQ: NVDA): When Daiwa Securities downgraded the chip giant to Neutral from Outperform, it also slashed the $215 target price to $133. The consensus target is $214.03 for now. The stock closed on Friday at $136.47.

PagerDuty Inc. (NYSE: PD): Baird lowered its price target on the Outperform-rated shares to $35 from $40. That compares with a $36.71 consensus target and Friday’s closing trade of $23.51.

Patterson Companies Inc. (NASDAQ: PDCO): Baird reiterated a Neutral rating and trimmed its $35 target price to $33. The consensus target was last seen at $34.36. The stock ended Friday’s session at $25.35, down close to 3% for the day.


PROCEPT BioRobotics Corp. (NASDAQ: PRCT): Wells Fargo initiated coverage with an Overweight rating and a $49 price target. That compares with the $47.50 consensus target and Friday’s close at $40.37 a share.

Relay Therapeutics Inc. (NASDAQ: RLAY): Stifel began covering the stock with a Buy rating and a $40 target. The consensus target is $38.88. The stock closed trading most recently at $25.03.

Starbucks Corp. (NASDAQ: SBUX): Goldman Sachs maintained a Neutral rating on the ubiquitous coffee retailer and has a $90 target, in front of the company’s upcoming investor day with the new chief executive. The consensus target is $94.17. The stock closed trading Friday at $82.94, down almost 3% for the day.

Ternium S.A. (NYSE: TX): Goldman Sachs lowered its $60 price target on the Buy-rated shares to $52. The consensus target is $50.54. Friday’s last trade was reported at $29.67.


Seven stocks look like outstanding ideas for passive-income-oriented investors seeking some upside appreciation as well, as they have paid dependable monthly dividends for years, are way off the highs printed earlier this year and are rated Buy at major Wall Street firms.

Friday’s early top analyst upgrades and downgrades included Bed Bath & Beyond, Caterpillar, Costco Wholesale, CTI Biopharma, Futu, iQIYI, Nvidia, Nutanix, Pure Storage, Seagate Technology and Taiwan Semiconductor Manufacturing. Analyst calls seen later in the day were on CrowdStrike, Dow, Fortinet, Okta, Palo Alto Networks, Salesforce and more.

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