Investing

Tuesday's Top Analyst Upgrades Downgrades: Adobe, Amgen, Barrick Gold, Enphase Energy, JD.com, Kinder Morgan, Lucid, Newmont, Starbucks, Union Pacific and More

Lucid Group Inc. (NASDAQ: LCID): R.F. Lafferty initiated coverage with a Buy rating and a $19 target. The consensus target is $26.58. The electric vehicle maker’s stock closed Monday at $16.55, which was up almost 10% for the day, perhaps on the upgrade.

Monday.com Ltd. (NASDAQ: MNDY): Loop Capital initiated coverage with a Buy rating and a $175 price objective. That compares with the $188 consensus target and Monday’s closing print of $140.36, which was up almost 8% on the day, perhaps on the initiation.

Newmont Corp. (NYSE: NEM): Goldman Sachs initiated coverage with a Buy rating and a $53 target price. That compares with the curiously high $115.03 consensus target. The shares closed Monday at $43.95.

Okta Inc. (NASDAQ: OKTA): Oppenheimer maintained an Outperform rating with a $115 target. The consensus target is $112.67. The last trade for Monday hit the tape at just $64.80.

PTC Therapeutics Inc. (NASDAQ: PTCT): Jefferies started coverage with a Buy rating and a $62 target price. The consensus target is $54.64. The stock closed at $53.07 on Monday.

Starbucks Corp. (NASDAQ: SBUX): Baird maintained a Neutral rating with an $86 target on the ubiquitous coffee retailer in front of next week’s investors meeting. The consensus target is $93.40. The last trade on Monday was reported at $89.07.


Telos Corp. (NASDAQ: TLS): Wedbush raised its Neutral rating to Outperform with a $15 target price. The consensus target is $42.71 for now. The stock closed Monday at $11.55, which was a 6% gain on the day.

Union Pacific Corp. (NYSE: UNP): BofA Securities upgraded the railroad giant to Buy from Neutral and has a $260 price objective. The consensus target is $241.50. The shares were last seen on Monday trading at $234.19.

Vale S.A. (NYSE: VALE): The RBC Capital Markets upgraded was to Outperform from Sector Perform, and the firm bumped its target price to $16 from $15. The consensus target is $18.06. The stock closed on Monday at $13.78.


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Monday’s early top analyst upgrades and downgrades included Adobe, Carvana, Goldman Sachs, Hudson Pacific Properties, Moderna, Take-Two Interactive Software and T-Mobile. Analyst calls seen later in the day were on APA, Barrick Gold, Canadian National Railway, Canadian Pacific Railway, Livent, Newmont, Occidental Petroleum, Roblox and more.

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