Investing

Tuesday's Top Analyst Upgrades and Downgrades: Boeing, Dell, DraftKings, Newell Brands, Petrobras, Uber and More

DaVita Inc. (NYSE: DAV): UBS cut its Buy rating to Neutral and lowered its $117 price target to $74. The consensus target is $99.13. Monday’s $73.07 close was up 3.5% on the day.

Dell Technologies Inc. (NYSE: DELL): Jefferies initiated coverage with a Hold rating and a $39 target price. The consensus target is up at $54.65. Monday’s close was at $38.40.

Doximity Inc. (NYSE: DOCS): Wells Fargo started coverage with an Overweight rating and a $38 target price. The consensus target is $39.07. The shares closed on Monday at $26.47.

DraftKings Inc. (NASDAQ: DKNG): Oppenheimer maintained an Outperform rating and has a $25 price target. The consensus target is $25.33. Monday’s close at $15.80 was up close to 5% on the day, with earnings due later this week.

First Bancshares Inc. (NASDAQ: FBMS): Hovde upgraded the stock to Outperform from Neutral. Its $38 target price compares with a $36.20 consensus target and the most recent close at $32.74.

Heritage Commerce Corp. (NASDAQ: HTBK): The Raymond James downgrade to Outperform from Strong Buy came with a target price boost to $15 from $13. The consensus target is $15.17. The stock closed on Monday at $14.30.

Ladder Capital Corp. (NYSE: LADR): BofA Securities resumed coverage with a Neutral rating and an $11 target price. The consensus target is $13.10. The shares closed on Monday at $10.67.

LyondellBasell Industries N.V. (NYSE: LYB): Barclays downgraded the chemical heavyweight to Equal Weight from Overweight and dropped its $95 price objective to $82. The consensus target is $87.40. Shares closed on Monday at $76.45.

nCino Inc. (NASDAQ: NCNO): Scotiabank initiated coverage with a Sector Outperform rating and a $42 target price. The consensus target is $41. The stock closed on Monday at $31.48.


NetApp Inc. (NASDAQ: NTAP): Jefferies started coverage with a Buy rating and an $88 target price. The consensus target is $87.92. The stock closed on Monday at $69.27.

Newell Brands Inc. (NYSE: NWL): The Barclays downgrade to Underweight from Equal Weight included a target price cut to $11 from $16. The consensus target is $20.05 for now. Monday’s close at $13.81 was down over 8% on the day after the company posted solid numbers but warned of near-term “external disruptions.”

Petróleo Brasileiro S.A. (NYSE: PBR): J.P. Morgan downgraded the South American oil giant to Neutral from Overweight and cut its $20 target price to $14. The consensus target is $16.93. The shares ended Monday at $12.82, down close to 5%. Wall Street pointed to the recent elections in Brazil.

Principal Financial Group Inc. (NASDAQ: PFG): Keefe Bruyette cut its Market Perform rating to Underperform but lifted the $75 target price to $77. The consensus target for the insurance and investment giant is $76.38. Monday’s close was at $88.13.

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