Investing

Monday's Top Analyst Upgrades and Downgrades: AbbVie, Affirm, Lyft, Micron Technology, Tapestry, Walmart, Western Digital and More

Copa Holdings S.A. (NYSE: CPA): Zacks named this air transportation provider as its Bull of the Day stock. The analyst makes the case that the shares are destined to move higher. The stock last closed at $91.61 a share, and the $114.00 consensus price target would be a 52-week high.

Coursera Inc. (NYSE: COUR): Cantor Fitzgerald’s downgrade to Neutral from Overweight included a target price trim to $16 from $17. The consensus target is $18.54 for now. Friday’s final trade at $13.42 was down almost 10% for the day after it posted a fourth-quarter loss, despite revenue topping estimates.

Five Below Inc. (NASDAQ: FIVE): Gordon Haskett lifted its Accumulate rating to Buy and boosted its $190 target price to $240. The consensus target is $202.87. The stock closed on Friday at $201.64.

FREYR Battery Inc. (NASDAQ: FREY): BofA Securities initiated coverage with a Buy rating and a $13 target price. The consensus target is higher at $18, and Friday’s close was at $8.62.

Globus Medical Inc. (NYSE: GMED): When Loop Capital downgraded the stock to Hold from Buy, it also cut its $90 price target to $70. The consensus target is $78.29. The shares ended Friday’s session at $60.28, down over 4% for the day after offering to merge with NuVasive.

International Flavors & Fragrances Inc. (NYSE: IFF): Although BofA Securities upgraded the stock to Neutral from Underperform, it also cut its $121 target price to $106. The consensus target is $119.22. Friday’s $94.82 close was up almost 4% on the day after solid fourth-quarter results.

Interpublic Group of Companies Inc. (NYSE: IPG): MoffettNathanson’s downgrade was to Market Perform from Outperform, its $36 price target was nudged up to $37. The consensus target is $37.70, and shares closed on Friday at $37.13.


Lumentum Holdings Inc. (NASDAQ: LITE): As the Buy rating at B. Reilly Securities dropped to Neutral, the $90 target price tumbled to $66. The consensus target is $72.37. Friday’s close was at $59.40.

Lyft Inc. (NASDAQ: LYFT): As Wells Fargo downgraded the stock to Equal Weight from Overweight, it cut its $21.25 target price to $13. Citigroup cut its Buy rating to Neutral, and its $45 target price is now $17. The consensus target was last seen at $22.07. The stock was massacred Friday, closing down 36% at $10.31 after dreadful earnings and guidance.

Micron Technology Inc. (NASDAQ: MU): Mizuho upgraded the chip giant to Buy from Neutral. The firm also raised its $48 target price to $72, well above the $64.26 consensus target. The shares closed on Friday at $59.82.

Nutrien Ltd. (NYSE: NTR): Citing slower growth, poor price action and potentially higher input costs, Zacks selected this stock as its Bear of the Day. Shares have traded as high as $117.25 in the past year but closed most recently at $80.06. That is down more than 13% from six months ago.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.