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Tuesday's Top Analyst Upgrades and Downgrades: Ally Financial, CarMax, Dynatrace, Exelon, Gilead Sciences, KKR, Lowe's, Morgan Stanley, Tesla and More
October 4, 2022 8:52 am
Last Updated: October 4, 2022 9:02 am
JFrog Ltd. (NASDAQ: FROG): J.P. Morgan resumed coverage with an Overweight rating and a $29 target price. The consensus target is $29.14. The stock closed on Monday at $22.11, up almost 4% for the day, likely on the resumption of coverage.
KKR & Co. (NYSE: KKR): Oppenheimer reiterated an Outperform rating with a $72 target. The consensus target is $67.92. The stock closed on Monday at $43.97.
Lowe’s Companies Inc. (NYSE: LOW): Jefferies reiterated a Buy rating with a $259 target price. The consensus target for the big-box retailer is $245.53. Monday’s final trade was reported at $193.92, up over 3% on the day.
Morgan Stanley (NYSE: MS): Jefferies maintained a Buy rating on the venerable white glove Wall Street firm and has a $97 target price. Shares have traded as high as $109.73 in the past year but closed on Monday at $80.38.
Qualtrics International Inc. (NASDAQ: XM): BNP Paribas raised its Neutral rating to Outperform with a $15 target price. The consensus target is $19.09. The stock closed more than 5% higher on Monday at $10.72, on the upgrade.
Regeneron Pharmaceuticals Inc. (NASDAQ: RGEN): Jefferies reiterated a Hold rating on the biotech giant with a $675 target price, citing new clinical data. The consensus target is up at $749.04. The stock closed almost 7% higher on Monday at $735.13.
Ryan Specialty Holdings Inc. (NYSE: RYAN): J.P. Morgan downgraded the company to Underweight from Neutral. Its $40 target price is below the $47.71 consensus and the most recent close at $41.15.
Tesla Inc. (NASDAQ: TSLA): Oppenheimer reiterated an Outperform rating and has a $432 target price. Truist Financial maintained its Buy rating and lifted its $333 target to $348. The consensus target is just $305.34. The stock closed Monday at $242.40, down almost 9% after posting lower deliveries for the quarter. The analysts said they would be buyers of the stock on any weakness.
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Monday’s early top analyst upgrades and downgrades included Amgen, CarMax, Centene, CrowdStrike, Intuit, Micron Technology, Microsoft, Nike, NOV, Roblox, Unity Software and Wells Fargo. Analyst calls seen later in the day were on Box, Citigroup, CF Industries, DocuSign, Livent, Mosaic, New Gold, Southwestern Energy and more.
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