Investing
Monday’s Top Analyst Upgrades and Downgrades: Alibaba Group, Coinbase Global, General Motors, HP, Kohl’s, and More
November 21, 2022 8:42 am
Last Updated: November 21, 2022 8:59 am
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.
These are the top analyst upgrades, downgrades and initiations seen on Monday November 21, 2022.
Alibaba Group Holding Limited (NYSE: BABA) BofA Securities maintained a Buy rating on the stock but lowered the target price to $142 from $147. The consensus on Wall Street is $135.03. The shares closed Friday at $80.48 down almost 4%.
Amgen Inc. (NASDAQ: AMGN) Credit Suisse initiated coverage with an Underperform rating and a $240 target price. The consensus for the biotech giant is $265.19. The last trade on Friday was filled at $287.29.
Applied Materials, Inc. (NASDAQ: AMAT) BofA Securities raised their target price on the semiconductor capital equipment giant to $125 from $117 and reiterated a Buy rating on the company. Across Wall Street the consensus target is set at $107.75. The shares ended Friday at $104.70.
Brightview Holdings, Inc. (NYSE: BV) Goldman Sachs lowered the price target on the Neutral rated shares to $10.50 from $12. The consensus target on Wall Street for the company is $14.63. The stock closed Friday at $7.48, down almost 5%.
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