Investing
Tuesday's Top Analyst Upgrades and Downgrades: Apple, Citigroup, JPMorgan, Kroger, Livent, Salesforce, SunPower and More
October 18, 2022 8:53 am
Last Updated: October 18, 2022 9:08 am
Citigroup Inc. (NYSE: C): Oppenheimer maintained an Outperform rating with a $79 price target after the bank beat expectations. The consensus target is $57.43. The stock closed on Monday at $43.59.
Citi Trends Inc. (NASDAQ: CTRN): Gordon Haskett raised its Reduce rating to Hold with an $18 target price. The consensus target is $32.25, and Monday’s close at $20.12 was up 3.5% on the day.
Constellation Energy Corp. (NYSE: CEG): BofA Securities reiterated a Buy rating and raised its $105 target price to $109. The consensus target is $91.86. The shares ended Monday at $85.19, which was close to a 5% gain on the day.
Crocs Inc. (NASDAQ: CROX): This footwear maker was selected as the Bull of the Day stock at Zacks, with the analyst suggesting that the popularity of the foam clogs is rising again. The stock last closed at $78.03 a share, which is a gain of about 44% in the past 90 days.
CubeSmart (NASDAQ: CUBE): UBS started coverage with a Buy rating and a $45 target price. The consensus target is $55.11. The shares closed almost 6% higher on Monday at $39.35.
Fastenal Co. (NASDAQ: FAST): Jefferies resumed coverage with a Hold rating and a $50 price target. The consensus target is $47.86. Monday’s $46.10 close was a 5% gain on the day.
FirstCash Holdings Inc. (NASDAQ: FCFS): When Credit Suisse upgraded the stock to Neutral from Underperform, it lifted its $83 price target to $88. The consensus target is up at $90.17. Shares were last seen Monday trading over 4% higher at $81.52.
First Republic Bank (NYSE: FRC): The Raymond James upgrade was from Market Perform to Strong Buy with a $143 target price. The consensus target is $159.43. Monday’s close at $119.31 was a 6% gain on the day.
Five9 Inc. (NASDAQ: FIVN): While Truist Financial reiterated a Buy rating, it reduced its $150 target price to $90. The consensus target is $114.89. The stock closed on Monday at $58.70, up just shy of 7% for the day.
FormFactor Inc. (NASDAQ: FORM): Needham reiterated a Buy rating but lowered its $45 price objective to $35. The consensus target is $43.38. Monday’s close was at $25.29.
JPMorgan Chase & Co (NYSE: JPM): Oppenheimer reiterated an Outperform rating and a $154 target after the bank crushed earnings expectations. The consensus target is $135.04. The stock closed over 4% higher on Monday at $115.86.
Kroger Co. (NYSE: KR): Jefferies reiterated a Hold rating with a $45 price target after the grocery giant announced a purchase of rival Albertsons last week. The consensus target is up at $54.46. The stock ended trading on Monday at $42.11.
Life Storage Inc. (NYSE: LSI): UBS started coverage with a Neutral rating and a $106 target price. The consensus target is higher at $150.18. Monday’s $104.61 was up 4% on the day.
Livent Corp. (NYSE: LTHM): J.P. Morgan started coverage with a Neutral rating. Its $28 target price is less than the $33.49 consensus target. The stock closed up 4% on Monday at $27.96.
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