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

MYR Group Inc. (NASDAQ: MYRG): Baird upgraded the shares to Outperform from Neutral. It also boosted its $92 target price to $95. The consensus target is $107.67. Friday’s close at $86.97 was up over 8% for the day, despite third-quarter results that lagged analysts’ estimates.

O’Reilly Automotive Inc. (NASDAQ: ORLY): Goldman Sachs raised its $745 target price on the Buy-rated shares to $851. The consensus target is $819.26. The stock closed on Friday at $836.30.

Oshkosh Corp. (NYSE: OSK): Goldman Sachs reiterated a Buy rating and raised the price objective to $104 from $89. The consensus target is just $92.00. The stock closed on Friday at $88.27, which was up close to 4% for the day.

ResMed Inc. (NYSE: RMD): Oppenheimer reiterated an Outperform rating with a $275 target price. The consensus target is lower at $253.29. The stock closed almost 6% lower on Friday at $218.73 after the company poised inline earnings for the quarter.

Tractor Supply Co. (NASDAQ: TSCO): Oppenheimer maintained an Outperform rating with a $270 target price. The consensus target is just $229.00. Friday’s close was at $223.14.

United Fire Group Inc. (NASDAQ: UFCS): As Piper Sandler downgraded the stock to Neutral from Overweight, it lowered its $37 target price to $31. The consensus target is $31. The stock closed 18% lower on Friday at $26.12 after reporting disappointing third-quarter earnings.


Veeva Systems Inc. (NYSE: VEEV): Goldman Sachs lowered its $235 price target to $205 but kept a Buy rating. The consensus target is $218.35. The shares closed on Friday at $171.58.

Viking Therapeutics Inc. (NASDAQ: VKTX): Oppenheimer maintained an Outperform rating and a $10 price target. The consensus target is up at $17.67. The last trade on Friday was reported at $4.16.

West Pharmaceutical Services Inc. (NYSE: WST): BofA Securities downgraded the stock to Neutral from Buy and slashed the $385 price target to $250. The consensus target is $364.83. Friday’s close was at $225.41.


With the potential for big downside still looming, and interest rates definitely headed higher, stock investors may want to consider seven Dividend Aristocrats that posted better than expected third-quarter results and have solid upside potential.

Friday’s early top analyst upgrades and downgrades included AGNC Investment, Biogen, Cano Health, Carnival, Lithium Americas, Meta Platforms, Seagate Technology, Vertiv, VFC and Waste Management. Analyst calls seen later in the day were on Axalta Coating Systems, Caterpillar, DigitalOcean, Edwards Lifesciences, First Solar, Gilead Sciences, Intel, Stanley Black & Decker, Unity Software, Western Union and more.

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