Thursday's Top Analyst Upgrades and Downgrades: AbbVie, Boeing, Coupang, First Solar, Goldman Sachs, Johnson & Johnson, Monster Beverage, Rivian, Workday and More

Monster Beverage Corp. (NASDAQ: MNST): CFRA’s downgrade to Hold from Buy included a price target trim to $100 from $110. The consensus target is $109.06. The stock closed on Wednesday at $99.19.

NuVasive Inc. (NASDAQ: NUVA): Citing soft results and a questionable merger, Zacks selected this medical devices maker as its Bear of the Day stock. Shares have traded as high as $60.47 in the past year but closed most recently at $42.67. That is down more than 8% in the past month.

Rivian Automotive Inc. (NASDAQ: RIVN): Needham resumed coverage with a Buy rating and a $26 target price. The consensus target is up at $37.05. The shares closed almost 19% lower on Wednesday at $15.76 after the company posted mixed quarterly results.

Sarepta Therapeutics Inc. (NASDAQ: SRPT): Morgan Stanley upgraded the stock to Overweight from Equal Weight. It also lifted its $141 target price to $187, well above the $153.37 consensus target. Wednesday’s close at $145.63 was up almost 20% on the day, as the FDA is seen as paving a path for the company’s gene therapy.

Spirit AeroSystems Holdings Inc. (NYSE: SPR): When Bernstein downgraded the shares to Market Perform from Outperform, it also cut its $46 target price to $38, below the $40.15 consensus target. The stock was last seen on Wednesday trading at $33.58, which was down close to 3% for the day.

TransUnion (NYSE: TRU): Exane BNP Paribas raised its Neutral rating to Outperform with an $80 target price. The consensus target is $79.91. Wednesday’s close was at $65.09.

Workday Inc. (NASDAQ: WDAY): Societe Generale’s downgrade was to Hold from Buy, and its $212 target price dropped to $205. The consensus target is $210.40. The stock ended Wednesday trading at $184.12.

XP Inc. (NASDAQ: XP): Goldman Sachs lowered its $30 target price to $20 but kept a Buy rating. The consensus target is $20.82. The stock closed on Wednesday at $11.94.

Five top Warren Buffett holdings make sense now for growth and income investors worried about the potential for a steep market decline. They all pay reliable dividends and will hold up far better in a market correction than most other stocks.

Wednesday’s top analyst upgrades and downgrades included Broadcom, Clean Energy Fuels, Dish Network, First Republic Bank, Gaming and Leisure Properties, Occidental Petroleum, Revolution Medicines, Veeva Systems and Workday.

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