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Monday, September 27, 2021 9:13:59 AM
Monday's Top Analyst Upgrades and Downgrades: Airbnb, Alcoa, Chewy, ConocoPhillips, Fortinet, Peloton, Salesforce and More
By: 24/7 Wall St. | September 27, 2021
These are the top analyst upgrades, downgrades and initiations seen on Monday, September 27, 2021.
Airbnb Inc. (NASDAQ: ABNB): JPMorgan started coverage with a Neutral rating and a $170 price target. The Wall Street consensus target is up at $175.30. The last trade on Friday came in at $175.88 a share.
Alcoa Corp. (NYSE: AA): Goldman Sachs raised its $51 price target on the aluminum giant to $63 while reiterating a Buy rating on the shares. The consensus target is $53.12. The stock closed on Friday at $48.49.
Altice USA Inc. (NASDAQ: ATUS): Credit Suisse downgraded the stock to Neutral from Outperform and slashed the target price to $24 from $46. The consensus target is $40.07. The stock closed Friday at $20.58, after falling almost 7% on the day after the CEO admitted that some broadband customers are heading for the exits.
Box Inc. (NYSE: BOX): JMP Securities raised its Market Perform rating to Market Outperform with a $32 price target. The consensus target is $28. The stock ended trading on Friday at $25.24.
Camden Property Trust (NYSE: CPT): BofA Securities upgraded the real estate giant to Buy from Neutral and lifted the target price to $178 from $160. The consensus price objective is $158.70. The stock closed on Friday at $149.75.
Chewy Inc. (NYSE: CHWY): Credit Suisse resumed coverage of the online pet food and accessories company with an Outperform rating and a $121 price objective. The consensus target is just $93.20. The stock retreated almost 5% on Friday to close at $69.83.
Cigna Corp. (NYSE: CI): SVB Leerink started coverage of the health care giant with a Market Perform rating and a $220 price target. The consensus target is $263.32. The final trade for Friday was reported at $203.89.
ConocoPhillips (NYSE: COP): Goldman Sachs lifted the price target on the Buy-rated integrated oil leader to $76 from $68. The posted consensus target is $75.68. The stock closed on Friday at $65.02.
DoubleDown Interactive Co. Ltd. (NYSE: DDI): B. Riley Securities began coverage with a Buy rating and a $30 price target. No consensus price objective was available. The shares closed at $17.53 on Friday.
ALSO READ: What’s Up With Apple: Production Slowdowns in China, TV+ Subscribers and More
Fortinet Inc. (NASDAQ: FTNT): Goldman Sachs raised its target price on the cybersecurity stock to $335 from $300 while reiterating a Buy rating. The consensus target is $300.12. The final trade for Friday was reported at $311.90.
Humana Inc. (NYSE: HUM): SVB Leerink initiated coverage with an Outperform rating and a $494 price target. The consensus target is $488.74, and Friday’s closing price was $398.91 per share.
Hyatt Hotels Corp. (NYSE: H): BofA Securities downgraded the shares to Underperform from Neutral and have an $85 price target. The consensus target is $81.80. The stock closed on Friday at $79.76, which was up almost 4% for the day.
Icon PLC (NASDAQ: ICLR): JPMorgan upgraded it to Overweight from Neutral and also raised the target price to $320 from $230. The consensus target is just $255.23, and the shares ended last week at $283.04.
IronNet Inc. (NASDAQ: IRNT): Needham started coverage with a Buy rating and a $29 price target. No consensus target was available. The stock popped over 8% on Friday and closed at $25.76. Shares were down close to 2% in Monday’s premarket.
Peloton Interactive Inc. (NASDAQ: PTON): This is the Zacks Bear of the Day stock. The analyst points out that it has lost 46% of its value in the past eight months and a half months. Shares closed most recently at $92.64 apiece and have a consensus price target of $129.67.
Qorvo Inc. (NASDAQ: QRVO): This chip powerhouse is striving to digitally connect the world, says Zacks, which selected it as the Bull of the Day stock. Shares last closed at $174.05 and have a consensus price target of $220.48, which would be an all-time high.
Salesforce.com Inc. (NYSE: CRM): Goldman Sachs reiterated its Buy rating on the software giant and raised the price target on the shares to $360 from $350. The consensus target is $302.11. The stock closed on Friday at $285.63.
ServiceNow Inc. (NYSE: NOW): Summit Insights resumed coverage with a Buy rating and a $750 target price. This compares with the much lower $664.59 consensus target and Friday’s closing price of $666.31 a share.
Western Union Co. (NYSE: WU): Citigroup raised its Neutral rating to Buy with a $27 price target. The consensus target is $26.40. The stock was last seen trading at $20.23 a share.
Yandex N.V. (NASDAQ: YNDX): UBS upgraded the stock to Buy from Neutral and raised the price target to $111 from $77.50. The stock has traded between $55.62 and $82.62 in the past year and closed Friday at $80.20. The shares were up over 2% in the premarket.
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By: 24/7 Wall St. | September 27, 2021
These are the top analyst upgrades, downgrades and initiations seen on Monday, September 27, 2021.
Airbnb Inc. (NASDAQ: ABNB): JPMorgan started coverage with a Neutral rating and a $170 price target. The Wall Street consensus target is up at $175.30. The last trade on Friday came in at $175.88 a share.
Alcoa Corp. (NYSE: AA): Goldman Sachs raised its $51 price target on the aluminum giant to $63 while reiterating a Buy rating on the shares. The consensus target is $53.12. The stock closed on Friday at $48.49.
Altice USA Inc. (NASDAQ: ATUS): Credit Suisse downgraded the stock to Neutral from Outperform and slashed the target price to $24 from $46. The consensus target is $40.07. The stock closed Friday at $20.58, after falling almost 7% on the day after the CEO admitted that some broadband customers are heading for the exits.
Box Inc. (NYSE: BOX): JMP Securities raised its Market Perform rating to Market Outperform with a $32 price target. The consensus target is $28. The stock ended trading on Friday at $25.24.
Camden Property Trust (NYSE: CPT): BofA Securities upgraded the real estate giant to Buy from Neutral and lifted the target price to $178 from $160. The consensus price objective is $158.70. The stock closed on Friday at $149.75.
Chewy Inc. (NYSE: CHWY): Credit Suisse resumed coverage of the online pet food and accessories company with an Outperform rating and a $121 price objective. The consensus target is just $93.20. The stock retreated almost 5% on Friday to close at $69.83.
Cigna Corp. (NYSE: CI): SVB Leerink started coverage of the health care giant with a Market Perform rating and a $220 price target. The consensus target is $263.32. The final trade for Friday was reported at $203.89.
ConocoPhillips (NYSE: COP): Goldman Sachs lifted the price target on the Buy-rated integrated oil leader to $76 from $68. The posted consensus target is $75.68. The stock closed on Friday at $65.02.
DoubleDown Interactive Co. Ltd. (NYSE: DDI): B. Riley Securities began coverage with a Buy rating and a $30 price target. No consensus price objective was available. The shares closed at $17.53 on Friday.
ALSO READ: What’s Up With Apple: Production Slowdowns in China, TV+ Subscribers and More
Fortinet Inc. (NASDAQ: FTNT): Goldman Sachs raised its target price on the cybersecurity stock to $335 from $300 while reiterating a Buy rating. The consensus target is $300.12. The final trade for Friday was reported at $311.90.
Humana Inc. (NYSE: HUM): SVB Leerink initiated coverage with an Outperform rating and a $494 price target. The consensus target is $488.74, and Friday’s closing price was $398.91 per share.
Hyatt Hotels Corp. (NYSE: H): BofA Securities downgraded the shares to Underperform from Neutral and have an $85 price target. The consensus target is $81.80. The stock closed on Friday at $79.76, which was up almost 4% for the day.
Icon PLC (NASDAQ: ICLR): JPMorgan upgraded it to Overweight from Neutral and also raised the target price to $320 from $230. The consensus target is just $255.23, and the shares ended last week at $283.04.
IronNet Inc. (NASDAQ: IRNT): Needham started coverage with a Buy rating and a $29 price target. No consensus target was available. The stock popped over 8% on Friday and closed at $25.76. Shares were down close to 2% in Monday’s premarket.
Peloton Interactive Inc. (NASDAQ: PTON): This is the Zacks Bear of the Day stock. The analyst points out that it has lost 46% of its value in the past eight months and a half months. Shares closed most recently at $92.64 apiece and have a consensus price target of $129.67.
Qorvo Inc. (NASDAQ: QRVO): This chip powerhouse is striving to digitally connect the world, says Zacks, which selected it as the Bull of the Day stock. Shares last closed at $174.05 and have a consensus price target of $220.48, which would be an all-time high.
Salesforce.com Inc. (NYSE: CRM): Goldman Sachs reiterated its Buy rating on the software giant and raised the price target on the shares to $360 from $350. The consensus target is $302.11. The stock closed on Friday at $285.63.
ServiceNow Inc. (NYSE: NOW): Summit Insights resumed coverage with a Buy rating and a $750 target price. This compares with the much lower $664.59 consensus target and Friday’s closing price of $666.31 a share.
Western Union Co. (NYSE: WU): Citigroup raised its Neutral rating to Buy with a $27 price target. The consensus target is $26.40. The stock was last seen trading at $20.23 a share.
Yandex N.V. (NASDAQ: YNDX): UBS upgraded the stock to Buy from Neutral and raised the price target to $111 from $77.50. The stock has traded between $55.62 and $82.62 in the past year and closed Friday at $80.20. The shares were up over 2% in the premarket.
Read Full Story »»»
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