Investing

Wednesday's Top Analyst Upgrades and Downgrades: FedEx, Hertz, Palo Alto Networks, Twilio, UPS and More

Calix Inc. (NYSE: CALX): Jefferies reiterated a Buy rating with a $65 target price after the company posted solid third-quarter results. The consensus target is $69.89. Both are likely headed higher, as the stock closed Tuesday at $71.40, up over 18% on the day after the big earnings surprise.

C.H. Robinson Worldwide Inc. (NASDAQ: CHRW): Jefferies started coverage with a Hold rating and a $100 target price. The consensus target is $108.57. The shares closed on Tuesday at $94.80.

Coterra Energy Inc. (NYSE: CTRA): Stifel resumed coverage with a Buy rating and a $40 target price. The consensus target is $36.38. Tuesday’s close was at $30.15.

Deckers Outdoor Corp. (NYSE: DECK): Piper Sandler started coverage with an Overweight rating and a $440 target price. The consensus target is $391.31. Tuesday’s close was at $369.19.

EOG Resources Inc. (NYSE: EOG): Stifel resumed coverage of the energy giant with a Buy rating. Its $151 target price compares with the $148.98 consensus target and Tuesday’s closing print of $132.

FedEx Corp. (NYSE: FDX): Jefferies started coverage with a Hold rating and a $170 target price. That is less than the $192.26 consensus target, but Tuesday’s closing trade was for $155.80 a share.

First Advantage Corp. (NASDAQ: FA): The Jefferies downgrade to Hold from Buy included a target price trim to $13 from $19. The consensus target is $20.71. Tuesday’s final trade at $13.61 was down almost 7% for the day on the downgrade.

Fortinet Inc. (NASDAQ: FTNT): Jefferies maintained a Buy rating with a $65 target price in front of the company’s third-quarter earnings report. The consensus target is higher at $70.45. The stock closed on Tuesday at $55.92.

Hertz Global Inc. (NYSE: HTZ): Oppenheimer reiterated a Buy rating but lowered its $31 target price to $25. The consensus target is $27.60. Tuesday’s close at $19.03 was up almost 4% on the day.


Hibbett Inc. (NASDAQ: HIBB): BofA Securities raised its Neutral rating to Buy with a $75 target price. The consensus target is $74.43. Tuesday’s close at $62.59 was a gain of over 10% for the day on the upgrade.

Incyte Corp. (NASDAQ: INCY): Oppenheimer reiterated an Outperform rating and has a $95 price target in front of third-quarter results. The consensus target is lower at $86.75. The shares closed on Tuesday at $72.42.

International Seaways Inc. (NYSE: INSW): Even with shipping rates down from their peak, the Zacks Bull of the Day has continued to flourish, says the analyst. Shares hit an all-time high of $41.30 on Tuesday and are up more than 82% in the past 90 days.

Palo Alto Networks Inc. (NASDAQ: PANW): Jefferies reiterated a Buy rating on the cybersecurity heavyweight. Its $220 target price compares with the $218.61 consensus figure. The stock closed 3% higher on Tuesday at $166.19.

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