Investing
Monday's Top Analyst Upgrades and Downgrades: AMD, Alcoa, Chewy, CrowdStrike, DraftKings, Goldman Sachs, Lyft, Schlumberger, Zoom Video and More
October 10, 2022 8:56 am
Last Updated: October 10, 2022 9:06 am
Chewy Inc. (NYSE: CHWY): Oppenheimer initiated coverage with an Outperform rating and a $42 price target. The consensus target is $45.44. The stock closed over 4% lower on Friday at $36.34.
Core Laboratories N.V. (NYSE: CLB): Citigroup upgraded the stock to Neutral from Sell and cut its $24 price to $17. The consensus target is $20.39. The shares closed on Friday at $16.61.
Coupang Inc. (NYSE: CPNG): HSBC Securities started coverage with a Buy rating and a $27.80 price target. The consensus target is $23.74. Friday’s close at $19.56 was down 7% on the day.
CrowdStrike Holdings Inc. (NASDAQ: CRWD): SMBC Nikko started coverage with an Outperform rating and a $240 target price. The consensus target is lower at $239.63. The shares ended Friday’s session trading at $171.88.
DraftKings Inc. (NASDAQ: DKNG): Oppenheimer reiterated an Outperform rating with a $25 target price. The consensus target is $26.42. The shares closed on Friday at $16.57, up over 3% for the day on reports the company is in talks for an exclusive deal with ESPN.
Freeport-McMoRan Inc. (NYSE: FCX): Zacks selected this mining giant as its Bear of the Day stock, citing falling earnings estimates. Shares have traded as high as $51.99 apiece in the past year but closed most recently at $28.95. That is down nearly 41% in the past six months.
Goldman Sachs Group Inc. (NYSE: GS): Keefe Bruyette upgraded the Wall Street behemoth to Outperform from Market Perform. It also raised its $395 price target to $429, well above the $384.16 consensus target. Friday’s close was at $301.08.
Guidewire Software Inc. (NYSE: GWRE): Oppenheimer reiterated an Outperform rating with an $85 target price. The consensus target is $84.50. The stock closed on Friday at $63.26.
Halliburton Co. (NYSE: HAL): Piper Sandler resumed coverage with an Overweight rating and a $36 target. The consensus target is higher at $42.01. The shares closed over 2% higher on Friday at $30.41 on the energy sector strength.
Norfolk Southern Corp. (NYSE: NSC): Baird downgraded the railroad heavyweight to Neutral from Outperform while chopping the $280 target price to $240. The consensus target is $251.65. The shares closed on Friday at $214.57.
Okta Inc. (NASDAQ: OKTA): Zacks named this as its Bull of the Day stock, with the analyst suggesting that the company is dealing with a mixed quarter and management moves that took shares down. The stock last closed at $53.72, and hitting the $97.33 consensus target price would be a gain of about 81%.
Palo Alto Networks Inc. (NASDAQ: PANW): SMBC Nikko started coverage of the cybersecurity leader with an Outperform rating and a $230 target price. The consensus target is $217.91. Friday’s close was at $169.91.
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