Thursday's Top Analyst Upgrades and Downgrades: Airbnb, Antero Midstream, Exact Sciences, GitLab, Lumentum, Nektar Therapeutics, PayPal and More

Hess Midstream L.P. (NYSE: HESM): UBS initiated coverage with a Buy rating and a $37 target price. The consensus target is just $33.80. The stock closed on Wednesday at $28.50.

Lumentum Holdings Inc. (NASDAQ: LITE): Barclays downgraded the shares to Equal Weight from Overweight and cut the $55 price target to $40. The consensus target is $57.50. The stock was last seen on Wednesday trading at $44.56, down over 3% on the day.

Nektar Therapeutics (NASDAQ: NKTR): The Jefferies upgrade to Hold from Underperform came with a target price trim to $1 from $1.50. The consensus target is $2.46. The stock closed on Wednesday at $0.75.

PayPal Holdings Inc. (NASDAQ: PYPL): BofA Securities reiterated a Buy rating on the stock while lowering the $112 target price to $90. The consensus target is $98.00. The stock closed almost 4% lower on Wednesday at $63.38.

Sealed Air Corp. (NYSE: SEE): Morgan Stanley cut its Overweight rating to Equal Weight and its target price to $48 from $60. The consensus target is $54.67. The final trade on Wednesday for $42.21 a share.

Shake Shack Inc. (NYSE: SHAK): Zacks makes the case that its Bull of the Day stock has plenty more room to run. Shares of this restaurant operator hit a 52-week high of $67.50 on Wednesday and are up more than 17% in the past month.

Southern Copper Corp. (NYSE: SCCO): Though Goldman Sachs downgraded the shares to Sell from Neutral, the firm’s $65 target price ticked up to $66. The consensus target is $63.68. Despite earnings and revenues beating estimates, the stock closed almost 6% lower on Wednesday at $74.52.

Vitesse Energy Inc. (NYSE: VTS): Northland Capital lifted its Market Perform rating to Outperform with a $23 target price. The consensus target is $22.67. Wednesday’s $18.05 closed down almost 4% on the day.

Three outstanding stocks from the Goldman Sachs Conviction List of top picks have the largest upside potential and may be just the thing for growth investors not thrilled with their results so far this year.

Wednesday’s top analyst upgrades and downgrades included Albemarle, Boeing, Ingersoll-Rand, Novo Nordisk, Nutrien, Palantir Technologies, PayPal, Shoals Technologies, Shopify, Skyworks Solutions, Walmart and XPO.

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