Investing

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

ServiceNow Inc. (NYSE: NOW): CapitalOne started coverage with an Overweight rating and a $516 target price. The consensus target is $536.63. The stock closed Monday’s session at $420.74.

Sleep Number Corp. (NASDAQ: SNBR): Estimates for the Zacks Bear of the Day have been slashed for both the current year and next year, points out the analyst. Shares have traded as high as $93.73 in the past year but closed most recently at $27.74. That is down about 18% in the past month.

Sonoco Products Co. (NYSE: SON): BMO Capital Markets downgraded the stock to Underperform from Market Perform and lowered its $65 target price to $58. The consensus target is $67.50. The stock closed over 4% lower on Monday at $62.08. Things changed in the aftermarket, when the company posted solid results for the quarter and shares gained over 5%.

Texas Roadhouse Inc. (NASDAQ: TXRH): Deutsche Bank’s downgrade was to Hold from Buy, but the firm did bump its $100 target price to $101. The consensus target is $103.32. Monday’s close at $98.95.

Textron Inc. (NYSE: TXT): Jefferies maintained a Buy rating with an $85 target price, which is higher than the consensus target. The shares ended Monday trading at $68.44.

Uber Technologies Inc. (NYSE: UBER): Oppenheimer reiterated an Outperform rating and has a $42 target price. The consensus target is up at $46.02. The stock closed on Monday at $26.57.


Veeva Systems Inc. (NYSE: VEEV): Wells Fargo started coverage with an Equal Weight rating and a $180 target price. The consensus target is $217.04. The shares closed on Monday at $167.94.

Vitru Ltd. (NASDAQ: VTRU): Morgan Stanley’s downgrade was from Overweight to Equal Weight with a $23.50 target price. The consensus target is $21.59. The stock closed on Monday at $22.87, up close to 3% on the day despite the downgrade.

Wingstop Inc. (NASDAQ: WING): Zacks selected this restaurant chain operator as its Bull of the Day stock. The analyst makes the case that wing prices down and sales way up is a recipe for profits. Shares last closed at $158.39, which is up more than 26% in the past month.


Five Dividend Kings beat third-quarter earnings expectations and look like solid picks for growth and income investors seeking a dependable stream of income as the market wobbles and seems poised to head much lower.

Monday’s early top analyst upgrades and downgrades included Altria, Amazon.com, Apple, Axalta Coating Systems, Comcast, Etsy, Intel, McDonald’s and Medical Properties Trust. Analyst calls seen later in the day were on Advanced Micro Devices, Amgen, BioMarin Pharmaceutical, Caterpillar, Gilead Sciences, Hanesbrands, Honeywell International, Keurig Dr Pepper, Newell Brands, Paramount Global, TuSimple and more.

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