Investing

Friday's Top Analysts Upgrades and Downgrades: AMD, Bilibili, Cognizant, Dynatrace, Equinix, Match, Nutrien, Robinhood, Roku and More

Cognizant Technologies Corp. (NASDAQ: CTSH): The Outperform rating at BMO Capital Markets is now Market Perform, and the firm lowered its $73 target price to $65. The consensus target is $71.60. The shares ended Thursday at $51.96, which was down almost 14% on the day despite matching earnings estimates.

Covenant Logistics Group Inc. (NASDAQ: CVLG): Citing rising estimates and a low valuation, Zacks has selected this trucking stock as its Bull of the Day. Shares last closed at $36.32, which is up almost 67% from six months ago.

Dynatrace Inc. (NYSE: DT): Goldman Sachs lowered its $61 price target to $54 while reiterating a Buy rating. That is still above the $44.92 consensus target. The stock close almost 4% higher on Thursday at $33.23.

Equinix Inc. (NASDAQ: EQIX): Oppenheimer reiterated an Outperform rating with a $750 target price. The consensus target is $731.14. Thursday’s $585.35 close was up almost 7% on the day after solid earnings for the quarter.

Etsy Inc. (NASDAQ: ETSY): Oppenheimer reiterated an Outperform rating but trimmed its $127 target price to $125. The consensus target is $117.61. The stock closed on Thursday at $100.03, which was up almost 15% after posting very solid results for the quarter.

Herbalife Nutrition Ltd. (NYSE: HLF): This was named the Bear of the Day at Zacks, which pondered whether Bill Ackman had the last laugh on this infamous battleground stock. Shares have traded as high as $45.80 in the past year but hit a multiyear low of $15.79 on Thursday.

Humana Inc. (NYSE: HUM): Goldman Sachs raised its $522 target price to $575 and kept a Neutral rating. The consensus target is $567.86. The stock ended trading on Thursday at $563.26.

Identiv Inc. (NASDAQ: INVE): The B. Riley Securities downgrade to Neutral from Buy came with a target price cut to $12 from $19. The shares closed on Thursday at $8.83, down a stunning 25% after disappointing earnings.

Littlefuse Inc. (NASDAQ: LFUS): Cowen’s downgrade to Market Perform from Outperform included a target price cut to $225 from $295. The consensus target is $261.20. The stock closed on Thursday at $203.84.


Match Group Inc. (NASDAQ: MTCH): Oppenheimer reiterated an Outperform rating with a $65 target price. The consensus target is $71.61. Thursday’s close at $42.79 was down almost 7% for the day, despite very solid earnings for the quarter.

Moelis & Co. (NYSE: MC): Keefe Bruyette downgraded the shares to Underperform from Market Perform. It also trimmed its target price from $40 (close to the consensus target of $40.14) to $37. The stock closed 7% lower on Thursday at $39.99 despite good earnings for the quarter.

Nutrien Ltd. (NYSE: NTR): Scotiabank’s downgrade was from Sector Outperform to Sector Perform with a $110 target price. The consensus target is $110.47. The stock closed on Thursday at $71.25, down over 14% for the day after posting lousy third-quarter results.

Qorvo Inc. (NASDAQ: QRVO): The Overweight rating at J.P. Morgan is now Underweight, and the firm lowered its $125 target price to $90. The consensus target is $109. The shares closed on Thursday at $82.67.

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