Thursday's Top Analyst Upgrades and Downgrades: AMD, Amazon, EA, Foot Locker, General Mills, Mattel, Shopify, Snap and More

NXP Semiconductors N.V. (NASDAQ: NXPI): Oppenheimer reiterated an Outperform rating with a $205 target price. The consensus target is $188.70. Solid fourth-quarter results boosted shares over 5% on Wednesday to close at $193.94.

Shopify Inc. (NYSE: SHOP): Scotiabank initiated coverage with a Sector Perform rating and a $43 target price. The consensus target is $42.59. The last trade on Wednesday was for $50.26 a share.

Snap Inc. (NYSE: SNAP): UBS downgraded the stock to Neutral from Buy and has a $10 target price. The consensus target is at $11.65 for now. The stock closed on Wednesday at $10.37, down over 10% on the day despite a fourth-quarter earnings beat.

Ternium S.A. (NYSE: TX): Citigroup resumed coverage with a Buy rating. Its $50 target price compares with a $45.64 consensus target and the most recent close at $40.78.

TransUnion Corp. (NYSE: TRU): As BofA Securities upgraded the stock to Buy from Neutral, its $72 target price rose to $91. The consensus target is $76.38. The shares closed on Wednesday at $74.21, which was up close to 4% for the day.

Waste Management Inc. (NYSE: WM): Stifel reiterated a Hold rating with a $171 price target. The consensus target is $171.35. Wednesday’s close was at $154.41.

WinTrust Financial Corp. (NASDAQ: WTFC): Hovde’s upgrade was from Market Perform to Outperform with a $108 target. The consensus target is $108.09, and shares closed at $92.94 on Wednesday.

Woodward Inc. (NASDAQ: WWD): Alembic Global Advisors upgraded the stock to Overweight from Neutral. Its $111 target price rose to $127, even further from the $99.14 consensus target. Wednesday’s final trade was for $105.04 a share.

February typically is a so-so month for the stock market, and after a very solid January, it may make sense for growth and income investors to take some profits and move to big-dividend energy stocks.

Wednesday’s top analyst upgrades and downgrades included Alphabet, Bank of America, Dollar General, Edwards Lifesciences, Fortinet, Fox, Halliburton, LyondellBasell Industries, Paramount Global, SoFi Technologies and Truist Financial.

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