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Monday's Top Analysts Upgrades and Downgrades: Altria, Amazon, Apple, Comcast, Etsy, Intel, McDonald's and More

Atlassian Corp. PLC (NASDAQ: TEAM): This software maker is the Zacks Bear of the Day stock, with the analyst citing enterprise IT spending and inflation concerns. Shares have traded as high as $461.45 in the past year but closed most recently at $200.82. That is down over 47% year to date, more than the Nasdaq and the S&P 500.

Axalta Coating Systems Ltd. (NASDAQ: AXTA): Exane BNP Paribas downgraded the stock to Neutral from Outperform and has a $27 target price. The consensus target is $27.83, and Friday’s close was at $23.82.

Carlisle Companies Inc. (NYSE: CSL): Oppenheimer reiterated an Outperform rating on the private equity giant and has a $360 target price. The consensus target is $342.83. The shares ended Friday at $239.41, down almost 16% despite earnings and sales that topped estimates and rose year over year.

Coastal Financial Corp. (NASDAQ: CCB): Raymond James resumed coverage with a Strong Buy rating and has a $57 target price. The consensus target is $58.33. Friday’s close at $45.48 was up close to 8% for the day after solid results for the quarter were posted.

Comcast Corp. (NASDAQ: CMCSA): Oppenheimer maintained an Outperform rating and has a $48 price objective. The consensus target is $43.88. The stock closed on Friday at $31.95.

Customers Bancorp Inc. (NYSE: CUBI): D.A. Davidson upgraded the stock to Buy from Neutral and nudged the $42 price target up to $44. The consensus target is $47.94. The stock closed on Friday at $33.81, up almost 7% for the day. The bank posted solid results last week.

Dana Inc. (NYSE: DAN): RBC Capital Markets cut its Outperform rating to Sector Perform but nudged the$15 target price to $16. The consensus is set at $15, and the stock ended Friday trading at $15.58.

Decker’s Outdoor Corp. (NYSE: DECK): Stifel raised its $367 target price to $390 while keeping a Buy rating. The consensus target is $394.79. The shares closed over 4% lower on Friday at $345.35.

Essex Property Trust Inc. (NYSE: ESS): Piper Sandler’s downgrade to Neutral from Overweight included a price target cut to $250 from $297. The consensus target is $291.23, and Friday’s closing print was $222.24.

Etsy Inc. (NASDAQ: ETSY): Oppenheimer reiterated an Outperform rating and has a $127 target price. That compares with a $118.04 consensus target and Friday’s close at $97.91.


Globe Life Inc. (NYSE: GL): Evercore ISI downgraded the stock to In Line from Outperform and sliced the price target to $114 from $115. The consensus target is $119.11. The stock closed on Friday at $113.71.

Intel Corp. (NASDAQ: INTC): Barclays raised its Underweight rating to Equal Weight and has a $30 target price. The consensus target is $34.27. The shares closed on Friday at $29.07, up close to 11% on the day after the company announced cost-cutting plans and layoffs.

McDonald’s Corp. (NYSE: MCD): Jefferies reiterated a Buy rating and lifted its $298 target price to $305. Credit Suisse kept an Outperform rating and boosted its $272 target price to $292, while Barclays maintained an Overweight rating and lifted the target price to $295 from $270. The consensus target is $283. Friday’s close at $274.52 was up almost 4% on the day. The company posted strong results last week.

Medical Properties Trust Inc. (NYSE: MPW): Stifel reiterated a Buy rating but lowered its $21 target price to $17. The consensus target is $16.69. The stock closed on Friday at $11.59.

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