Category Archives: Investments

Stock upgrades and downgrades December 2020 to June 2021

6-30-2021

Goldman Downgraded PulteGroup (PHM) from Buy to Neutral and cut the price target from $69 to $62.

Cowen Reiterated Dick’s Sporting Goods (DKS) at Outperform and raised the price target from $132 to $147.

BofA Securities Downgraded Virgin Galactic (SPCE) from Buy to Underperform and a price target at $41.

Barclays Upgraded Seagate Tech (STX) from Underweight to Equal Weight and a price target at $85.

BMO Capital Markets Upgraded Micron (MU) from Market Perform to Outperform and raised the price target from $90 to $110.

6-29-2021

UBS Reiterated Tesla (TSLA) at Neutral and cut the price target from $730 to $660.

BofA Securities Reiterated FedEx (FDX) at Buy and a price target at $372.

DA Davidson Resumed Coursera (COUR) at Buy and cut the price target from $55 to $52.

Morgan Stanley Upgraded Textron (TXT) from Equal-Weight to Overweight and raised the price target from $49 to $87.

6-28-2021

Barclays Resumed Yelp (YELP) at Underweight and a price target at $30.

Barclays Initiated Squarespace (SQSP) at Equal Weight and a price target at $70.

Cowen Initiated Paysafe (PSFE) at Outperform and a price target at $15.

Barclays Resumed Shopify (SHOP) at Equal Weight and a price target at $1700.

Alembic Global Advisors Downgraded Virgin Galactic (SPCE) from Overweight to Neutral.

6-25-2021

BofA Securities Reiterated NIKE (NKE) at Neutral and raised the price target from $150 to $168.

Raymond James Resumed VMware (VMW) at Outperform and a price target at $175

Canaccord Genuity Downgraded BlackBerry (BB) from Hold to Sell and a price target at $10.

Credit Suisse Upgraded Netflix (NFLX) from Neutral to Outperform and a price target $586.

Raymond James Upgraded NetApp (NTAP) from Market Perform to Outperform and a price target at $100.

6-24-2021

Morgan Stanley Reiterated Apple (AAPL) at Overweight and raised the price target from $161 to $162.

Northland Capital Upgraded Seagate Tech (STX) from Market Perform to Outperform and a price target at $98.

Goldman Upgraded Magna (MGA) from Neutral to Buy and raised the price target from $97 to $120.

BofA Securities Resumed Bed Bath & Beyond (BBBY) at Buy and a price target at $38.

DA Davidson Initiated PayPal (PYPL) at Buy and a price target at $325.

Piper Sandler Downgraded  Dollar Tree (DLTR) from Overweight to Neutral and cut the price target from $117 to $102.

6-23-2021

Evercore ISI Upgraded Helmerich & Payne (HP) from In-line to Outperform and raised the price target from $23 to $42.

Wedbush Reiterated Microsoft (MSFT) at Outperform and raised the price target from $310 to $325.

Canaccord Genuity Downgraded Plug Power (PLUG) from Buy to Hold and cut the price target from $69 to $31.

6-22-2021

Barclays Reiterated Ford Motor (F) at Overweight and raised the price target from $15 to $17.

Stifel Upgraded CrowdStrike (CRWD) from Hold to Buy and raised the price target from $240 to $300.

Raymond James Reiterated NVIDIA (NVDA) at Strong Buy and raised the price target from $750 to $900.

Needham Initiated Zoom Video (ZM) at Hold.

6-21-2021

JP Morgan Initiated Flywire (FLYW) at  Overweight and a price target at $45.

Morgan Stanley Initiated FIGS, Inc. (FIGS) at Equal-Weight and a price target at $34

Robert W. Baird Downgraded Sykes Enterprises (SYKE) from Outperform to Neutral and a price target at $54.

Barclays Downgraded Arcturus Therapeutics (ARCT) from Equal-Weight to Underweight and cut the price target from $33 to $25.

Citigroup Initiated Paymentus (PAY) at Buy and price target $35.

6-18-2021

Cleveland Research Downgraded Micron (MU) from Buy to Neutral.

Morgan Stanley Reiterated Adobe (ADBE) at Overweight and raised the price target from $575 to $610.

BMO Capital Markets Initiated Paysafe (PSFE) at Outperform and a price target at $15.

Piper Sandler Upgraded Biogen (BIIB) from Neutral to Overweight and raised the price target from $384 to $450.

6-17-2021

Gabelli & Co Upgraded Stanley Black & Decker (SWK)from Hold to Buy

BofA Securities Downgraded CureVac (CVAC) from Buy to Neutral and a price target at $50.

Argus Reiterated Coca-Cola (KO) at Buy and raised the price target from $60 to $63.

6-16-2021

Bernstein Reiterated Beyond Meat (BYND) at Outperform and raised the price target from $130 to $178.

Canaccord Genuity Initiated Coinbase Global (COIN) at Buy and a price target at $285.

Redburn Downgraded BioNTech (BNTX) from Neutral to Sell and a price target at $146.

6-15-2021

Raymond James Initiated Veracyte (VCYT) at Outperform and a price target at $45.

Cantor Fitzgerald Initiated ADC Therapeutics (ADCT) at Overweight and a price target at $13.

6-14-2021

Canaccord reduced Tesla (TSLA) stock price target from $974 to $812.

Raymond James Upgraded Chipotle Mexican Grill (CMG) from Outperform to Strong Buy and a price target at $1800.

6-11-2021

RBC Capital Mkts Resumed Twilio (TWLO) at Outperform and a price target at $415.

RBC Capital Mkts Resumed Zoom Video (ZM) at Outperform and cut the price target from $480 to $450

Bernstein Upgraded Biogen (BIIB) from Mkt Perform to Outperform and a price target at $500.

6-10-2021

Credit Suisse Upgraded F5 Networks (FFIV) from Neutral to Outperform and raised the price target from $203 to $235.

Goldman Reiterated ServiceNow (NOW) at Buy and a price target at $695

William Blair Upgraded NetApp (NTAP) from Market Perform to Outperform

Argus Upgraded Zoom Video (ZM) from Hold to Buy and a price target at $440.

6-9-2021

JP Morgan Initiated Dada (DADA) at Overweight and a price target at $40

Jefferies Initiated Morgan Stanley (MS) at Buy and a price target at $108.

Raymond James Initiated Coinbase Global (COIN) at Underperform.

JP Morgan Downgraded DISH Network (DISH) from Neutral to Underweight and a price target at $45.

Jefferies Upgraded Abercrombie & Fitch (ANF) from Hold to Buy and raised the price target from $46 to $57.

6-8-2021

Robert W. Baird Upgraded Biogen (BIIB) from Underperform to Neutral and raised the price target from $216 to $382.

Jefferies Upgraded Delta Air Lines (DAL) from Hold to Buy and raised the price target from $50 to $60.

Citigroup Upgraded Biogen (BIIB) from Sell to Neutral and raised the price target from $200 to $440.

Argus Upgraded Abercrombie & Fitch (ANF) from Hold to Buy and a price target at $47

6-7-2021

Atlantic Equities Initiated Etsy (ETSY) at Overweight and a price target at $200.

Piper Sandler Upgraded Visa (V) from Neutral to Overweight and raised the price target from $234 to $260.

6-4-2021

Stephens Upgraded Dick’s Sporting Goods (DKS) from Underweight to Equal-Weight and raised the price target from $74 to $95.

6-2-2021

Jefferies Initiated Vimeo (VMEO) at Buy and set the price target at $50.

Goldman Downgraded IMAX (IMAX) from Neutral to Sell and cut the price target from $19.60 to $18.60.

Morgan Stanley Initiated Waterdrop (WDH) at Overweight and a price target at $11.80.

Goldman Downgraded Cinemark (CNK) from Neutral to Sell and cut the price target from $21 to $19.

JP Morgan Upgraded Coca-Cola European Partners (CCEP) from Neutral to Overweight and raised the price target from $49 to $70.

6-1-2021

Susquehanna Initiated Paysafe (PSFE) at Positive and a price target at $17.

Cowen Upgraded Boeing (BA) from Market Perform to Outperform and raised the price target from $240 to $290.

Citigroup Upgraded NIO (NIO) from Neutral to Buy and raised the price target from $57.60 to $58.30.

5-28-221

New Research downgraded Apple AAPL from Neutral to Sell and a price target at $90. 

BTIG Research Initiated Plug Power (PLUG) at Buy and a price target at $40.

The Benchmark Company Resumed Advanced Micro (AMD) at Buy and a price target at $100.

Telsey Advisory Group Reiterated Best Buy (BBY) at Outperform and raised the price target from $130 to $140.

BTIG Research Initiated Nikola Corporation (NKLA) at Buy and a price target at $18.

The Benchmark Company Resumed Intel (INTC) at Hold and a price target at $55.

5-27-2021

UBS Initiated Twilio (TWLO) at Buy and a price target at $385

Telsey Advisory Group Reiterated Abercrombie & Fitch (ANF) at Outperform and raised the price target from $48 to $55.

BofA Securities Reiterated NVIDIA (NVDA) at Buy and raised the price target from $700 to $750.

RBC Capital Mkts Resumed Lyft (LYFT) at Outperform and a price target at $70.

UBS Initiated Zoom Video (ZM) at Neutral and a price target at $325.

RBC Capital Mkts Initiated Airbnb (ABNB) at Outperform and a price target at $170.

5-26-2021

JP Morgan Upgraded Urban Outfitters (URBN) from Underweight to Neutral and raised the price target from $30 to $38.

B. Riley Securities Downgraded AMC Entertainment (AMC) from Buy to Neutral and a price target at $16

Evercore ISI Initiated Paysafe (PSFE) at Outperform and a price target at $16

Canaccord Genuity Initiated Virgin Galactic (SPCE) at Buy and set the price target at $35

5-25-2021

Telsey Advisory Group Reiterated Dollar General (DG) at Outperform and set the price target from $215 to $225

JP Morgan Initiated Coinbase Global (COIN) at Overweight and set the price target at $371

Mizuho Securities reduced Coinbase price target from $315 to $225

5-24-2021

MoffettNathanson Downgraded Discovery (DISCA) from Buy to Neutral and cut the price target from $51 to $37.

Alembic Global Advisors Upgraded Virgin Galactic (SPCE) from Neutral to Overweight.

The Benchmark Company Reiterated IMAX (IMAX) at Buy and raised the price target from $24 to $25.

Wells Fargo Initiated Tesla (TSLA) at Equal Weight and a price target at $590.

Goldman Initiated Coinbase Global (COIN) at Buy and set the price target at $306.

Bernstein Upgraded Beyond Meat (BYND) from Underperform to Outperform and a price target at $130.

5-21-2021

The Benchmark Company Initiated DISH Network (DISH) at Buy and a price target at $62.

DZ Bank Downgraded Cisco (CSCO) from Buy to Hold and set the price target at $51.

UBS Upgraded Virgin Galactic (SPCE) from Neutral to Buy but cut the price target from $40 to $36.

Bank of America reduced Tesla price target from 900 to 700.

5-20-2021

UBS Upgraded Chipotle Mexican Grill (CMG) from Neutral to Buy and raised the price target from $1575 to $1700.

KeyBanc Capital Markets Resumed Intel (INTC) at Overweight but reduced the price target from $86 to $70

Wedbush Initiated Coinbase Global (COIN) at Outperform and a price target at $275

BofA Securities Upgraded ViacomCBS (VIAC) from Underperform to Buy and raised the price target from $38 to $53.

5-19-2021

Jefferies Resumed Netflix (NFLX) at Buy and a price target at $620.

Tudor Pickering Initiated Ford Motor (F) at Buy and a price target at $17

5-18-2021

Pivotal Research Group Reiterated Foot Locker (FL) at Buy and raised the Price target from $61 to $76

Goldman Initiated BioNTech (BNTX) at Neutral and set the price target at $173

Daiwa Securities Upgraded Visa (V) from Neutral to Outperform |and a price target at $259

5-17-2021

Telsey Advisory Group Reiterated Foot Locker (FL) at Market Perform and raised the price target from $56 to $60.

Citigroup Upgraded Discovery (DISCA) from Neutral to Buy and raised the price target from $40 to $44.

Morgan Stanley Upgraded Trip.com Group (TCOM) from Equal-Weight to Overweight and set the price target at $50.

5-14-2021

Wells Fargo Upgraded Airbnb (ABNB) to Overweight from Equal Weight, and set the price target at $200.

Goldman Upgraded Snowflake (SNOW) from Neutral to Buy and raised the Price target from $270 to $275.

Piper Sandler Initiated Coinbase Global (COIN) at Overweight and a price target at $335

5-13-2021

Compass Point Initiated Coinbase Global (COIN) at Neutral and a price target at $325.

Rosenblatt Initiated Microsoft (MSFT) at Buy and set the price target at  $301.

BofA Securities Resumed NIKE (NKE) at Neutral and a price target at $150

5-12-2021

Ladenburg Thalmann Upgraded PaySign (PAYS) from Sell to Neutral and a price target at $3.50

RBC Capital Mkts Downgraded Dollar General (DG) from Outperform to Sector Perform and raised the price target from $206 to $207.

Berenberg Upgraded DraftKings (DKNG) from Sell to Hold and raised the price target from $41 to $42.50

Citigroup raised Amazon (AMZN) price target from $3,750 to $4,175

5-11-2021

Jefferies Initiated Deliveroo plc (DROOF) at Buy.

Jefferies Upgraded NIKE (NKE) from Hold to Buy and raised the price target from $140 to $192

5-10-2021

Canaccord Genuity Reiterated Beyond Meat (BYND) at Hold and cut the price target from $155 to $125.

JP Morgan Upgraded MoneyGram (MGI) from Underweight to Neutral and raised the price target from $8 to $10.

Credit Suisse Initiated Paysafe (PSFE) at Outperform and a price target at $17.

Barrington Research Upgraded ViacomCBS (VIAC) from Mkt Perform to Outperform and set the Price target at $50.

JP Morgan Upgraded Cree (CREE) from Underweight to Neutral and set the price target at $108.

Daiwa Securities Upgraded Lyft (LYFT) from Neutral to Outperform and cut the Price target from $59 to $56.

Citigroup Downgraded Alphabet A (GOOGL) from Buy to Neutral and a Price target at $2415.

Citigroup Downgraded Facebook (FB) from Buy to Neutral and set the price target at $320.

Atlantic Equities Downgraded Intel (INTC) from Neutral to Underweight and cut the Price target from $63 to $45.

5-4-2021

Keefe Bruyette Initiated Coinbase Global (COIN) at Market Perform and set the price target at $325.

JP Morgan Initiated Roblox (RBLX) at Overweight and set the price target at $85.

William Blair Initiated MicroStrategy (MSTR) at Outperform

4-30-2021 JP Morgan increased Amazon (AMZN) price target from $4400 to $4600   Guggenheim Initiated DraftKings (DKNG) at Buy and set the price target at $75.   Susquehanna raised #Amazon $AMZN target price from $5200 to $5500   Telsey Advisory Group cut Peloton (PTON) price target from $180 to $150.   BMO Capital raised Amazon (AMZN) target price from $4200 to $4300

4-29-2021

ROTH Capital Upgraded Shopify (SHOP) from Neutral to Buy and raised the price target from $1325 to $1530.

JP Morgan Downgraded Cree (CREE) from Neutral to Underweight and a price target at $108

Goldman Upgraded Apple (AAPL) from Sell to Neutral and raised the price target from $83 to $130

4-28-2021

Wedbush Maintains the Outperform rating on Starbucks, and raised the price target from to $132

Morgan Stanley raised Visa (V) price target from $258 to $279

Barclays raised Microsoft (MSFT) price target from $269 to $288

Monness Crespi & Hardt Reiterated Alphabet A (GOOGL) at Buy and raised the price target from $2500 to $3000

Raymond James raised Microsoft (MSFT) price target from $275 to $290

Credit Suisse raised Google (GOOGL) price target from $2500 to $2755.

Wells Fargo Maintains the Overweight Rating on Alphabet (GOOGL) and Adjusts the price target from $2,650 to $2,850.

Summit Insights Downgraded Advanced Micro (AMD) from Buy to Hold

4-27-2021

Canaccord Genuity Reiterated Tesla (TSLA) at Buy but cut the price target from $1071 to $974

CFRA raised Tesla target price from $750 to $770

Needham Initiated DraftKings (DKNG) at Buy and set the price target at $81

4-26-2021

RBC Capital Mkts Initiated Paysafe (PSFE) at Outperform and set the price target at $19.

Citigroup Downgraded Boston Beer Co (SAM) from Buy to Neutral and increased the price target from $1325 to $1395.

Morgan Stanley Initiated Compass (COMP) at Overweight and a price target at $26

Citigroup Upgraded Brunswick (BC) from Neutral to Buy and raised the price target from $94 to $125.

4-23-2021

Wolfe Research Initiated Palantir Technologies (PLTR) at Peer Perform and a price target at $23

Wolfe Research Resumed Zoom Video (ZM) at Outperform and a price target at $390

Wolfe Research Initiated Paycom Software (PAYC) at Outperform and a price target at $450

Wolfe Research Initiated Microsoft (MSFT) at Outperform and set the price target at $290

4-22-2021

Jefferies raised Google (GOOGL) target price from $2400 to $2700

Jefferies raised Facebook (FB) price target from $350 to $360.

4-21-2021

UBS Upgraded PepsiCo (PEP) from Neutral to Buy and raised the price target from $145 to $165.

Rosenblatt Initiated Coinbase Global (COIN) at Buy and a price target at $450.

BMO Capital Markets Upgraded CSX (CSX) from Market Perform to Outperform and raised the price target from $95 to $110.

Evercore ISI cut Netflix stock price target from $665 to $655.

Stifel Upgraded Netflix (NFLX) from Hold to Buy and raised the price target from $550 to $560.

JP Morgan reduced Netflix (NFLX) stock price target from $685 to $600.

Piper Sandler reduced Netflix price target to $600 from $605.

Pivotal Research cut Netflix stock price target from $750 to $720.

4-20-2021

Citigroup Downgraded NIKE (NKE) from Buy to Neutral and cut the price target from $160 to $140.

Mizuho raised Tesla (TSLA) target price from $775 to $820.

Deutsche Bank Resumed Cisco (CSCO) at Hold and set the price target at $55.

4-19-2021

Citigroup Upgraded First Solar (FSLR) from Neutral to Buy and raised the price target from $88 to $100.

JP Morgan Initiated DigitalOcean (DOCN) at Overweight and a price target at $50.

Wells Fargo Initiated VIZIO (VZIO) at Overweight and a price target at $31.

4-16-2021 Credit Suisse Reiterated #Amazon $AMZN at Outperform and raised the price target from $3940 to $3950.   KeyBanc Capital Markets Reiterated Chipotle Mexican Grill (CMG) at Overweight and raised the price target from $1625 to $1725.

4-15-2021

Raymond James Downgraded Intel (INTC) from Market Perform to Underperform.

Raymond James Upgraded NVIDIA (NVDA) from Outperform to Strong Buy and raised the price target from $700 to $750.

Raymond James Initiated Advanced Micro (AMD) at Outperform and a price target at $100.

BTIG Research Initiated Coinbase Global (COIN) at Buy and set the price target at $500.

DA Davidson Reiterated Coinbase Global (COIN) at Buy and raised the price target from $440 to $650

4-14-2021

BofA Securities Initiated Harley-Davidson (HOG) at Buy and a price target at $55

Citigroup Downgraded T. Rowe Price (TROW) from Neutral to Sell and a price target at $157.

Argus Upgraded Yum! Brands (YUM) from Hold to Buy and a price target at $135

Wedbush Upgraded Snap (SNAP) from Neutral to Outperform and increased the price target from $52 to $75.

Morgan Stanley Upgraded Magna (MGA) from Underweight to Equal-Weight and raised the price target from $61 to $96.

Wedbush Downgraded Facebook (FB) from Outperform to Neutral and cut the price target from $375 to $340.

Wedbush Resumed Alphabet (GOOG) at Outperform and a price target at $2953.

4-13-2021

Bernstein Initiated Virgin Galactic (SPCE) at Market Perform and a price target at $27.

KeyBanc Capital Markets Upgraded FedEx (FDX) from Sector Weight to Overweight and a price target at $350.

Wolfe Research Initiated Caterpillar (CAT) at Outperform and a price target at $265.

4-12-2021

Evercore ISI Downgraded Qualcomm (QCOM) from Outperform to In-line and cut the price target from $195 to $150.

BMO Capital Markets Reiterated Microsoft (MSFT) at Outperform and raised the price target from $270 to $280.

Raymond James Upgraded Chipotle Mexican Grill (CMG) from Market Perform to Outperform and a price target at $1800.

Ascendiant Capital Markets reduced GME to sell from hold and set the price target at $10.

Canaccord Genuity raised Tesla (TSLA) stock price target at $1071

4-9-2021

Goldman Initiated Nucor (NUE) at Buy and a price target at $86.

JMP Securities Upgraded Charles Schwab (SCHW) from Market Perform to Market Outperform and a price target at $80.

Canaccord Genuity Initiated MicroStrategy (MSTR) at Buy and a price target at $920

4-8-2021

JP Morgan Upgraded U.S. Bancorp (USB) from Neutral to Overweight and a price target at $60

BofA Securities Resumed Adobe (ADBE) at Buy and set the price target at $570

BofA Securities Resumed VMware (VMW) at Neutral and a price target at $175.

Credit Suisse Downgraded F5 Networks (FFIV) from Outperform to Neutral and a price target at $207.

4-7-2021 Wolfe Research Downgraded Paychex (PAYX) from Peer Perform to Underperform and set the price target at $94.

RBC Capital Mkts Resumed Pfizer (PFE) at Sector Perform and a price target at $42.

Wolfe Research Initiated Paysafe (PSFE) at Outperform and a price target at $19.

DA Davidson Reiterated Coinbase Global (COIN) at Buy and raised the price target from $195 to $440.

Wolfe Research Upgraded ViacomCBS (VIAC) from Peer Perform to Outperform

4-6-2021

Evercore ISI Resumed Facebook (FB) at Outperform and a price target at $370

Evercore ISI Initiated Alphabet $GOOG at Outperform and a price target at $2525

Evercore ISI Resumed Amazon (AMZN) at Outperform and a price target at $4000.

Credit Suisse Initiated Peloton (PTON) at Outperform and a price target at $164

Evercore ISI Initiated Airbnb (ABNB) at Outperform and a price target at $245.

Morgan Stanley Upgraded United Airlines (UAL) from Underweight to Equal-Weight and raised the price target from $37 to $65.

Evercore ISI Downgraded Yelp (YELP) from Outperform to In-line and a price target at $41.

Evercore ISI Downgraded Peloton (PTON) from Outperform to In-line and cut the price target from $160 to$125.

4-5-2021

BofA Securities Initiated Roblox (RBLX) at Buy and a price target at $78.

Goldman Initiated Roblox (RBLX) at Buy with a price target at $81.

Credit Suisse Resumed Salesforce (CRM) at Outperform and a price target at $260.

Credit Suisse Resumed Microsoft (MSFT) at Outperform and set the price target at $265.

Morgan Stanley Initiated Roblox (RBLX) at Overweight and a price target at $80.

Wells Fargo Initiated Ford Motor (F) at Overweight and a price target at $15.

Wedbush upgraded Tesla (TSLA) from Neutral to Outperform and increased the price target from $950 to $1000.

JP Morgan keeps the Underweight rating on Tesla (TSLA) and raised the price target to $155.

B. Riley Securities Upgraded AMC Entertainment (AMC) from Neutral to Buy and raised the price target from $7 to $13.

4-1-2021

Cowen reiterated Micron (MU) at Outperform and raised the price target from $100 to $105.

Jefferies Initiated Uber (UBER) at Buy and set the price target at $75

Wolfe Research Initiated Amazon (AMZN) at Outperform and a price target at $3720.

Wolfe Research Initiated Facebook (FB) at Outperform.

Wolfe Research Initiated Lyft (LYFT) at Peer Perform and set the price target at $54.

Piper Sandler Initiated Netflix (NFLX) at Overweight and a price target at $605.

Wolfe Research Initiated Airbnb (ABNB) at Peer Perform and set the price target at $180.

Wolfe Research Initiated Alphabet (GOOG) at Outperform and a price target at $2450.

3-31-2021

Compass Point Initiated Paysafe (PSFE) at Buy.

Canaccord Genuity Upgraded BlackBerry (BB) from Sell to Hold but cut the price target from $10 to $9.

Robert W. Baird Upgraded Harley-Davidson (HOG) from Neutral to Outperform and raised the price target from $38 to $45. 

Daiwa Securities Initiated Zoom Video (ZM) at Sell and set the price target at $250.

UBS Upgraded Apple (AAPL) from Neutral to Buy and raised the price target from $115 to $142

3-30-2021

Citigroup Initiated Domino’s Pizza (DPZ) at Buy and set the price target at $435.

Stifel Upgraded Alphabet A (GOOGL) from Hold to Buy and raised the price target from $2025 to $2350.

Citigroup Upgraded Yelp (YELP) from Neutral to Buy and increased the price target from $33 to $48.

3-29-2021

Deutsche Bank Reiterated Facebook (FB) at Buy and raised the price target from $355 to $385.

Loop Capital Upgraded Baidu (BIDU) from Hold to Buy.

Jefferies raised Ford (F) target price from $14 to $16

Jefferies raised GM price target from $50 to $62

Jefferies cut Tesla (TSLA) price target from $775 to $700

3-26-2021

Vertical Research Initiated Nikola Corporation (NKLA) at Buy and set the price target at $24.

Robert W. Baird Upgraded NIKE (NKE) from Neutral to Outperform and a price target at $150.

Vertical Research Initiated Lyft (LYFT) at Buy with a price target at $85.

3-25-2021

The Benchmark Company Reiterated Netflix (NFLX) at Sell and cut the price target from $485 to $472.

Northland Capital Upgraded Advanced Micro (AMD) from Market Perform to Outperform and raised the price target from $84 to $96.

DZ Bank Upgraded Intel  (INTC) from Hold to Buy and a price target at $76.

Goldman Upgraded Cisco (CSCO) from Neutral to Buy and raised the price target from $50 to $59.

Morgan Stanley Maintains the Overweight rating on Alphabet and raised the price target to $2350

3-24-2021

Morgan Stanley Upgraded Alcoa (AA) from Equal-Weight to Overweight and a price target at $43

Analyst Michael Pachter at Wedbush downgraded GameStop (GME) from Neutral to Underperform but raised the price target from $16 to $29.

Telsey Advisory Group Reiterated GameStop (GME) at Underperform and cut the price target from $33 to $30.

Needham Reiterated Intel (INTC) at Buy and raised the Price target from $70 to $74.

3-23-2021

Goldman Reiterated DraftKings (DKNG) at Buy and raised the price target from $79 to $87.

Argus Upgraded Netflix (NFLX) from Hold to Buy and set the price target at $650.

3-22-2021

BofA Securities Downgraded Snap (SNAP) from Buy to Neutral and reduced the price target from $78 to $67.

Goldman Initiated ZoomInfo (ZI) at Buy with a price target at $65.

BofA Securities Downgraded Pinterest (PINS) from Buy to Neutral and cut the price target from $94 to $78.

3-19-2021

Barclays Upgrade Ford Motor (F) from Equal-Weight to Overweight and raised the price target from $9 to $16.

Wedbush Upgraded Starbucks (SBUX) from Neutral to Outperform and increased the Price target from $108 to $124.

JP Morgan Downgraded Kimberly-Clark (KMB) from Neutral to Underweight and cut the price target from $144 to $123. 

3-18-2021

DA Davidson Downgraded Clorox (CLX) from Buy to Neutral and cut the price target from $234 to $189.

UBS Upgraded Carnival (CCL) from Neutral to Buy and increased the price target from $20 to $42.

Analyst Martin Leitgeb of Goldman Sachs upgraded NatWest Group to Conviction Buy from Buy and raised the price target to 300 GBp, up from 285 GBp.

3-17-2021

Cowen Upgraded Seagate Tech (STX) from Market Perform to Outperform and raised the Price Target from $66 to $95.

Wedbush Reiterated Lyft (LYFT) at Outperform and raised the price target from $72 to $85.

Telsey Advisory Group Reiterated Starbucks (SBUX) at Market Perform and raised the price target from $108 to $120.

3-16-2021

Credit Suisse Resumed Zoom Video $ZM at Underperform and a price target at $375.

BTIG Research Upgraded Starbucks (SBUX) from Neutral to Buy and a Price target at $130.

JP Morgan Upgraded iHeartMedia (IHRT) from Underweight to Neutral and raised the price target from $13 to $17.

Credit Suisse Resumed Microsoft (MSFT) at Outperform and a Price target at $265.

Credit Suisse Resumed Palantir Technologies (PLTR) at Underperform and a price target at $20.

Stifel Initiated Roblox (RBLX) at Buy and a price target at $85.

3-12-2021

Stephens Upgraded Denny’s (DENN) from Equal-Weight to Overweight and raised the price target from $19 to $24.

Analyst Umer Raffat at Evercore ISI initiated coverage of Kodiak Sciences (KOD) with an Outperform rating.

BNP Paribas Downgraded Vale to Underperform, with a price target at $18.3.

3-11-2021

Mizuho Initiated Tesla (TSLA) at Buy and a price target at $775.

3-10-2021 Citigroup Resumed #Airbnb $ABNB at Neutral with a price target at $197   Barclays Upgraded Tenaris (TS) from Underweight to Equal Weight and raised the price target from $15 to $25.

Scotiabank Downgraded Chevron (CVX) from Sector Outperform to Sector Perform and a price target at $115.

JP Morgan Upgraded Stratasys (SSYS) to Neutral, and set the price target at $29.

3-9-2021

New Street Upgraded Tesla (TSLA) from Neutral to Buy and a price target at $900

Jefferies Initiated Twilio (TWLO) at Buy with a price target at $415.

JP Morgan Downgraded Apollo Global Management (APO) from Overweight to Neutral and raised the price target from $51 to $52.

Citigroup Initiated AutoZone (AZO) at Buy and a price target at $1424.

Citigroup Initiated Best Buy (BBY) at Sell with a price target at $86.

3-8-2021

Credit Suisse Upgraded First Solar (FSLR) from Underperform to Neutral and set the price target at $70.

RBC Capital Mkts Upgraded Coca-Cola (KO) from Sector Perform to Outperform and raised the price target from $55 to $60.

MKM Partners Upgraded Peloton Interactive (PTON) to Buy, with a price target at $130.

JP Morgan Upgraded Nikola Corporation (NKLA) from Neutral to Overweight and cut the Price target from $33 to $30.

Jefferies cut Nikola Corporation (NKLA) price target from $60 to $38.

Barclays Upgraded Oracle (ORCL) from Equal-Weight to Overweight and raised the price target from $66 to $80.

Goldman Upgraded Western Digital (WDC) from Neutral to Buy and increased the price target from $56 to $85.

3-5-2021

BofA Securities Upgraded Cardlytics (CDLX) from Underperform to Neutral and a price target at $128.

Telsey Advisory Group Reiterated Costco (COST) at Outperform and increased the price target from $430 to $375.

3-4-2021

Piper Sandler Upgraded Cboe Global Markets (CBOE) from Neutral to Overweight and raised the Price target from $93 to $108.

Oppenheimer Initiated Quantum (QMCO) at Outperform with a price target at $11.

JP Morgan Resumed Charles Schwab (SCHW) at Overweight and a Price target at $79.

Deutsche Bank Upgraded Snowflake (SNOW) from Hold to Buy and raised the Price target from $270 to $300.

Piper Sandler Upgraded Qualcomm (QCOM) from Neutral to Overweight and increased the Price target from $150 to $160.

3-3-2021

UBS Reiterated Tesla (TSLA) at Neutral but increased the price target from $325 to $730.

Goldman Upgraded Alcoa (AA) from Sell to Buy and increased the price target from $19 to $32.

Citigroup Resumed Microsoft (MSFT) at Buy with a price target at $292.

JP Morgan Upgraded Sensata Tech (ST) from Neutral to Overweight and increased the Price target from $61 to $72.

3-2-2021

Wells Fargo Upgraded Dow (DOW) from Equal Weight to Overweight with a Price target at $77.

Barclays Downgraded ADT (ADT) from Equal Weight to Underweight and cut the Price target from $13 to $8.

Citigroup Upgraded TripAdvisor (TRIP) from Neutral to Buy and increased the Price target from $29 to $62.

Piper Sandler Upgraded Zoom Video (ZM) from Neutral to Overweight and raised the Price target from $501 to $541.

Rosenblatt keeps the Neutral rating on Zoom Video Communications, (ZM) and Raised the Price Target to $400

3-1-2021

J.P. Morgan analyst Doug Anmuth upgrades Groupon (GRPN) from underweight to neutral and increased the price target from $23 to $48.

Keefe Bruyette Upgraded CME Group (CME) from Underperform to Market Perform and raised the price target from $181 to $197.

Barclays Downgraded Kodiak Sciences (KOD) from Equal Weight to Underweight but increased the Price target from $52 to $90.

Stock Upgrades and Downgrades for February 2021

1-29-2021

Stifel Upgraded Biogen (BIIB) from Hold to Buy | Price Tgt: $258 » $358

Daiwa Capital Markets raises target price for Tesla (TSLA) to $845 from $430.

Baird raises Tesla TSLA target price to $736 from $728.

JP Morgan Upgraded Spire (SR) from Neutral to Overweight with a price target at $67.

Evercore ISI Upgraded Western Digital (WDC) from In-line to Outperform and increased the Price Target from $52 to $80.

Cantor Fitzgerald initiated coverage of iCAD (ICAD) with an Overweight rating and a price target $19.

Morgan Stanley Upgraded Boeing (BA) from Underweight to Overweight with a price target at $230.

1-28-2021 DA Davidson Keeps the Buy Rating on Apple and raised the Price Target to $167   Wedbush Morgan Securities Inc. have an Outperform rating on Alphabet A (GOOGL) with a price target at $ 2,150.   Dan Levy of Credit Suisse reiterated Tesla (TSLA) a Neutral rating and set the price target at $800.     RBC Capital analyst Joseph Spak maintained a Hold rating on Tesla (TSLA), with a price target of $725.   JMP Securities analyst Joseph Osha downgraded Tesla (TSLA) to Market Perform from Outperform.

UBS Maintains Buy on Facebook (FB) and increased the Price Target to $350.

Morgan Stanley keeps the Overweight rating on Facebook and increased the FB Price Target to $345.

Deutsche Bank reiterates the Buy rating on Facebook and increased the Price Target to $355.

Raymond James reiterated Facebook with a buy rating and increased the Price Target to $360.

KeyBanc keeps the Overweight rating on Facebook (FB) and Raised the Price Target to $360.

Analyst Kevin Rippey of Evercore ISI keeps the Outperform rating on Facebook (FB) and increased the price target to $360 from $355.

Daniel Salmon analyst at BMO Capital increased FB price target to $335 from $325 with an Outperform rating.

MKM Partners Reiterates the Buy Rating on Facebook’s and raised the Price Target to $340 From $330.

Credit Suisse Adjusts Facebook’s (FB) Target From $325 to $330 and Keeps the Outperform Rating. Morgan Stanley Maintains the Overweight rating on Apple AAPL and increased the Price Target.   KeyBanc Capital Markets Upgraded Twitter (TWTR) from Sector Weight to Overweight and a Price Target at $65.   Joseph Feldman of Telsey Advisory downgraded Bed Bath & Beyond (BBBY) to Market Perform from Outperform and raised the price target to $40 from $27.  

1-27-2021

BofA Securities Reiterated GameStop (GME) at Underperform but raised the Price Target from $1.60 to $10.

Bernstein Initiated DraftKings (DKNG) at Outperform and a price target at $71.

Citigroup Downgraded Under Armour (UAA) from Buy to Neutral and cut the Price Target to $16 from $19.

Cowen Reiterated Advanced Micro (AMD) at Outperform and raised the price target from $110 to $120.

Citigroup Upgraded Dick’s Sporting Goods (DKS)  from Neutral to Buy and increased the price target from $66 to $90.

Robert W. Baird Downgraded Bed Bath & Beyond (BBBY) from Outperform to Neutral and raised the Price Target $30 to $37.

Bernstein Resumed PayPal (PYPL) at Outperform with a price target at $297.

1-26-2021

Cascend Securities Reiterated Apple (AAPL) at Buy rating and increased the price target from $125 to $140.

Raymond James Resumed Microsoft (MSFT) at Strong Buy with a Price Target at $235.

Analyst Stephen Grambling (Goldman Sachs) upgraded DraftKings (DKNG) to Buy from Neutral and raised the target to $65 from $45.

RBC Capital Mkts Downgraded BlackBerry (BB) from Sector Perform to Underperform with a Price Target at $7.50.

Raymond James Downgraded Bed Bath & Beyond (BBBY) from Strong Buy to Market Perform.

1-25-2020

Loop Capital Upgraded Salesforce (CRM) from Sell to Hold and a price target at $225.

Telsey advisory group raised GameStop (GME) price target from $33 to $22.

Canaccord Genuity Reiterated Alphabet A (GOOGL) at Buy and increased the Price Target from $2050 to $2250.

Wedbush increased Apple (AAPL) price target from $160 to $175.

Robert W. Baird Reiterated Tesla (TSLA) at Outperform but increased the Price Target from $488 to $728.

Credit Suisse Upgraded Wells Fargo (WFC) from Neutral to Outperform and raised the Price Target from $35 to $40.

Goldman Sachs analyst Michael Ng downgraded Imax (IMAX) to Neutral from Buy but raised the target to $17.90 from $15.60.

JPMorgan analyst Luke Nelson upgraded ArcelorMittal  (MT) to Overweight from Neutral and sets the price target at EUR 26.50.

Goldman Sachs analyst Michael Ng downgraded Glu Mobile (GLUU) to Neutral from Buy and cut the price target to $10.40 from $10.90.

1-22-2021

Cowen Reiterated Intel (INTC) at Outperform and raised the Price Target from $75 to $79.

Cowen Reiterated Apple (AAPL) at Outperform but raised the Price Target from $133 to $153.

Goldman Initiated Oracle (ORCL) with a Sell rating and price target at $60.

Goldman Initiated Microsoft (MSFT)  at Buy with a Price Target at $285.

JP Morgan Upgrade Ford Motor (F)  from Neutral to Overweight with a Price Target at $14.

Goldman Initiated VMware (VMW) at Neutral and a Price Target at $150.

UBS analyst J. Hodulik upgraded Disney DIS to Buy from Neutral and increased the price target to $200 from $155.

Credit Suisse Raised Alphabet GOOGL Price Target  To $2,000 From $1,950.

Amazon AMZN price target raised To $3,860 from $3,750 at Credit Suisse.

Credit Suisse cut Facebook FB Price Target To $325 from $330.

1-21-2021

Morgan Stanley Reiterated Apple (AAPL) at Overweight and increased the Price Target from $144 to $152.

Barrington Research Initiated fuboTV (FUBO) at Outperform with a Price Target at $40

Piper Sandler Initiated Twitter (TWTR)  at Neutral with a  Price Target at  $45.

KeyBanc Capital Markets Downgraded VMware (VMW)  from Overweight to Sector Weight.

DZ Bank analyst Manuel Muehl upgraded Netflix NFLX to Buy from Hold with a price target $650.

Piper Sandler Resumed Alphabet A (GOOGL) to Overweight rating and a price target at $2056.

BTIG Research UpgradeD PayPal (PYPL) from Neutral to Buy  and a price target at $300

Berenberg Downgraded Citigroup (C) from Buy to Hold but raised the price target from $55 to $70.

Piper Sandler Resumed Facebook (FB) at Neutral rating and price target at $275

1-20-2021

Morgan Stanley Maintains Underweight rating on Goldman Sachs Group (GS) but Raised the Price Target to $304

William Blair Initiated Palantir Technologies (PLTR) at Market Perform

Berenberg Upgraded Boeing (BA) from Sell to Hold and increased the Price Target from $150 to $215.

Oppenheimer analyst Colin Rusch raised Tesla TSLA price target to $1,036 from $486 and keeps the Outperform rating.

Credit Suisse Downgraded GlaxoSmithKline (GSK) from Neutral to Underperform.

Morgan Stanley Downgraded Kroger (KR)  from Equal-Weight to Underweight with a Price Target at $28.

JP Morgan Upgraded NuStar Energy (NS) from Underweight to Neutral and increased the Price Target from $14 to $17.

UBS analyst Eric Sheridan upgraded Netflix NFLX to Buy from Neutral and raised the target from $540 to $650.

Wells Fargo analyst Steven Cahall upgraded Netflix (NFLX) to Overweight from Equal Weight and increased the price target to $700, from $510.

Bernstein Initiated PepsiCo (PEP) at Underperform rating with a price target at $136.

1-19-2021

UBS Downgraded Peloton (PTON) from Neutral to Sell and raised the Price Target from $115 to $124.

JP Morgan Upgraded American Express (AXP) from Underweight to Overweight and a Price Target at $148.

BMO Capital analyst Daniel Salmon upgraded Facebook (FB) stock to Outperform from Market Perform and raised the price target to $325, up from $270.

Keefe Bruyette Upgraded Carlyle Group (CG) from Market Perform to Outperform with the price target at $40.

Mizuho Upgraded Eli Lilly (LLY) from Neutral to Buy and raised the Price Target from $164 to $222.

Goldman Upgraded XP (XP) from Neutral to Buy and a price target at $50.

Goldman Initiated Chipotle Mexican Grill $CMG with a Buy rating and the Price Target at $1650.

Goldman Initiated Yum! Brands (YUM) with a Sell rating and a Price Target  $103.

UBS Downgraded Fiverr (FVRR) from Neutral to Sell and increased the price target from $148 to $190.

Jefferies Reiterated Tesla (TSLA)  at Hold but raised the Price Target from $650 to $775.

1-18-2021

MoffettNathanson Upgraded Snap (SNAP) from Neutral to Buy and increased the Price Target from $39 to $57.

Wedbush Reiterated Tesla (TSLA) at Neutral but raised the Price Target from $715 to $950.

Vertical Research Upgraded Delta Air Lines (DAL) from Hold to Buy.

B. Riley Securities Upgraded Foot Locker (FL) from Neutral to Buy and a Price Target at $58.

DZ Bank Upgraded Intel (INTC)  from Sell to Hold with a Price Target at $62.

1-15-2021

Morgan Stanley Upgraded Axon (AAXN) from Equal-Weight to Overweight and a Price Target at $185.

DZ Bank Upgraded Intel (INTC)  from Sell to Hold with a Price Target at $62

RBC Capital Mkts Upgraded Ralph Lauren (RL) from Sector Perform to Outperform and raised the Price Target from $77 to $138.

MoffettNathanson Upgraded Snap (SNAP) from Neutral to Buy and increased the Price Target from $39 to $57.

JP Morgan Downgraded Stratasys (SSYS) from Neutral to Underweight and a Price Target at $23.

Truist initiated coverage of Airbnb (ABNB) with a Hold rating and set the price target at $154.

1-14-2021

BMO Capital Markets Downgraded Advanced Micro (AMD) from Market Perform to Underperform and cut the Price Target to $75 from $80.

Morgan Stanley Upgraded Intel (INTC)  from Equal-Weight to Overweight and a Price Target at $70.

Needham Upgraded Intel (INTC)  from Hold to Buy with a Price Target at $70.

Atlantic Equities Upgraded Intel (INTC)  from Underweight to Neutral and increased the Price Target from $36 to $55.

BMO Capital Markets Upgraded Intel (INTC) from Market Perform to Outperform and raised the Price Target from $50 to $70.

JP Morgan Downgraded DuPont (DD) to Neutral from Overweight with a Price target at $70.

HSBC Securities Upgraded Chevron (CVX) from Hold to Buy and a Price Target at $103 to $105.

Stifel Resumed Adobe (ADBE) with a Buy rating and a Price Target at $550.

RBC Capital Mkts Upgraded Chipotle Mexican Grill (CMG) from Sector Perform to Outperform and raised the Price Target from $1320 to $1650.

Citigroup Raises Netflix (NFLX) Price Target To $580 From $450.

1-13-2021

Edward Jones Initiated Tesla (TSLA) with a Hold rating.

JP Morgan Upgraded Exxon Mobil (XOM) from Neutral to Overweight and raised the Price Target from $50 to $56.

Nomura Upgraded General Motors (GM) from Neutral to Buy and increased the Price Target from $27 to $60.

Guggenheim Upgraded Home Depot (HD ) from Neutral to Buy and a Price Target at $310.

Jefferies Raises Mastercard (MA) To Buy From Hold and Raises the Price Target To $415 From $315.

UBS Initiated Int’l Paper (IP) with a Sell and a Price Target at $40.

Citigroup Raises Price Target On Whitbread to 3500P From 3400P.

Deutsche Bank Cuts Rio Tinto To Hold From Buy but Raised the Price Target To 6000P From 5100P.

1-12-2021

JP Morgan Upgraded Office Depot (ODP) from Underweight to Neutral and a Price Target at $40.

Citigroup Upgraded Upwork (UPWK) to Buy from Neutral and raised the Price Target from $32 to $48.

Citigroup Downgraded NIO (NIO) from Buy to Neutral but raised the price target from|$46.40 to $68.30.

Mizuho Initiated BP (BP) with a Neutral rating and a Price Target at $27.

Citigroup Reiterated Fiverr (FVRR)  at Buy and raised Price Target from $185 to $270.

1-11-2021

Morgan Stanley Upgraded Exxon Mobil (XOM) to Overweight from Equal weight and raised the Price Target to $57 from $49.

Citigroup Upgraded Bank of America (BAC) from Neutral to Buy and increased the Price Target from $31 to $37.

Baird analyst Eric Coldwell upgraded the Walgreens Boots Alliance (WBA) to Outperform from Neutral and $55 price target.

Jefferies analyst Brent Thill upgraded Zillow Group (Z) to Buy from Hold and raised the price target to $175, from $120.

Credit Suisse analyst Levy raised the target price for Tesla to $800 from $400.

Boot Barn Holdings Upgraded at JP Morgan to overweight and a price target at $60.

Piper Sandler analyst Brent Bracelin downgraded salesforce.com (CRM) to Neutral and a price target at $242.

Airbnb (ABNB) Initiated at Tigress Financial with a Buy rating.

1-8-2021

Citi analyst Lowe initiated coverage of First Solar FSLR with a Neutral rating and $106 price target.

Evercore Upgraded Tesla (TSLA) to In-line from Underperform and a Price Target at $650.

Piper Sandler Upgraded Chevron (CVX) from Neutral to Overweight and raised the Price Target from $108 to $113.

MKM Partners Upgraded Constellation Brands (STZ) from Sell to Neutral and increased the price target from $154 to $210.

Summit Insights Upgraded Micron (MU) from Hold to Buy.

Deutsche Bank Upgraded U.S. Steel (X) to Sell from Buy and a price target at $28.

Deutsche Bank Downgraded CME Group (CME) from Buy to Hold and a price target at $196.

BofA Securities Downgraded United Airlines (UAL) from Neutral to Underperform.

SVB Leerink Downgraded Myovant Sciences (MYOV)  from Outperform to  Market Perform and a Price Target at $28.

1-7-2021

RBC Capital Upgraded Tesla (TSLA) from Underperform to Sector Perform and raised the Price Target from $339 to $700.

JP Morgan Downgraded Coca-Cola (KO) to Neutral from Overweight and a price target at $55.

Cowen Upgraded Foot Locker (FL) from Market Perform to Outperform and raised the Price Target from $38 to $55.

Jefferies Upgraded Wells Fargo (WFC) to Buy from Hold and increased the Price Target to $38 from $26.

1-6-2021

Morgan Stanley raised the Tesla Stock Price Target from $540 to $810.

BofA Securities Upgraded Accenture (ACN) to Neutral from Underperform and a Price Target at $261.

BofA Securities Upgraded MasterCard (MA) from Neutral to Buy and a Price Target at $400.

Cowen Upgraded NanoString Technologies (NSTG) to Outperform from Market Perform and a Price Target at $75.

Piper Sandler Downgraded Beyond Meat (BYND) to Neutral from Overweight and reduced the Price Tgt from $144 to $125.

Evercore ISI Downgraded PepsiCo (PEP) to In-line from Outperform.

1-5-2021

Wolfe Research Downgraded Charles Schwab (SCHW) to Underperform from Peer Perform but increased the price target from $39 to $56.

Citigroup Upgraded Micron (MU) from Sell to Buy and raised the Price Target from $35 to $100.

Goldman Downgraded First Solar (FSLR) from Buy to Sell and cut the Price Target from $101 to $81.

Exane BNP Paribas analyst Stuart Pearson downgraded Tesla $TSLA to Underperform from Neutral with a price target at $340.

Wells Fargo Upgraded HubSpot (HUBS) to Overweight from Equal Weight and increased the Price Target from $345 to $450.

JP Morgan Downgraded Cree (CREE) to Neutral from Overweight and a Price Target at $108.

Stifel Upgraded  JD.com (JD) from Hold to Buy and has a Price Target at $105

Atlantic Equities Downgraded Airbnb (ABNB) to Neutral Rating from Overweight and a Price Target at $120

1-4-2021

Deutsche Bank raised Tesla price target to $705 from $500.

Pivotal Research Group Upgraded Under Armour (UAA) to Buy from Hold and raised the Price Target from $15 to $20.

JPMorgan Raised Tesla Target Price To $105 From $90

BofA Securities Initiated Airbnb (ABNB) with Neutral rating at a Price Target at $158.

Goldman Sachs analyst Heath Terry initiated coverage of Airbnb (ABNB) with a Neutral rating and price target at $143.

JMP Securities analyst Ronald Josey initiated Airbnb (ABNB) with an Outperform rating and Airbnb Stock Price Target at $180. Ronald Josey sees the company being in a strong position to take advantage of changing demand in the global travel landscape.

RBC Capital analyst Nik Modi downgraded Coca-Cola (KO) to Sector Perform from Outperform but kept the price target at $55.

Barclays Downgraded Citigroup (C) to Equal-Weight from Overweight.

RBC Capital Mkts Downgraded PepsiCo (PEP) to Sector Perform from Outperform with Price Target at $153.

12-30-2020

BTIG Research Initiated Dynatrace (DT) with a Buy Rating and a $56 Price Target.

Opendoor Technologies (OPEN) Initiated at BTIG Research with a Neutral Rating.

12-29-2020

Continental Resources (CLR) Upgraded to Overweight from Weight at KeyBanc Capital Markets with price target at $20.

Robert W. Baird Downgraded Arcturus Therapeutics (ARCT) to Neutral from and cut the price target to $69 from $79.

Daiwa Securities Initiated Amgen (AMGN)  with a Buy rating and $300 price target.

12-28-2020

Ocular Therapeutix (OCUL) Downgrade to Neutral from Buy at H.C. Wainwright.

Goldman Initiated Kinnate BioPharma (KNTE) with a Buy rating and price target at $48.

Morgan Stanley Initiated PAE (PAE) at Overweight and a Price Target of $11.

12-23-2020

fuboTV (FUBO) Downgraded at BMO Capital Markets to Market Perform from Outperform and new price target at $50 from $33.

Goldman Resumed Alphabet A (GOOGL) with a buy rating and new Price Target at $2250.

Goldman Resumed Facebook (FB) at Buy and the Price Target at $330.

Qualcomm (QCOM) Initiated at Robert W. Baird with an Outperform Rating and $200 Price Target.

12-22-2020

Oppenheimer analyst Timothy Horan upgrades T-Mobile (TMUS) from Perform to Outperform with a $160 price target.

Raymond James Maintains Outperform on Nike (NKE), and Raises Price Target to $155.

ChampionX (CHX)  Initiated at Goldman with a Buy Rating and a Price Target of $21

12-21-2020

B. Riley Securities Downgraded Infinera (INFN) to Neutral from with a price target at $11.50.

Citigroup Upgraded Infinera (INFN) to Neutral from Sell and raised the price target to $11.50 from $7.

Cowen Reiterated Virgin Galactic (SPCE) at Outperform and raised the price target to $30 from $22.

Wedbush increased the price target for Tesla to $715 from $560

Citigroup Upgraded Microsoft (MSFT) to Buy from Neutral and raised price target to $272 from $229.

Walmart (WMT) upgraded at RBC Capital Mkts to Outperform from Sector Perform and increased the Price Target to $170 from $153.

Robert W. Baird Downgraded SolarWinds (SWI) to Neutral from Outperform and cut the Price Target to $15 from $24.  

Fiverr (FVRR) initiated at Goldman with Buy rating and $253 price target.

NIKE  (NKE) Reiterated at Outperform with price target at $175 from $155 at Telsey Advisory Group.

12-18-2020

CFRA downgrades Tesla to Hold from “Strong Buy”

Credit Suisse Downgraded Palantir Technologies (PLTR)  to Neutral from Underperform and cut the Price Target to $13 from $17.

Wells Fargo resumed coverage on Paychex (PAYX)  with Overweight Rating and a Price Target of $105.

Susquehanna Initiated Airbnb (ABNB) with a Price Target at $180.

Check out the price target for Tesla

12-17-2020

Wells Fargo Upgraded Yum! Brands (YUM) to Overweight from Equal Weight and raised the price target at $125 from $109.

Morgan Stanley Downgraded AT&T (T) to Equal-Weight from Overweight and has a Price Target at $34

Morgan Stanley upgraded Five9 (FIVN) to Overweight from Equal-Weight and with a price target at $190

12-16-2020

Twitter (TWTR) Upgraded by JP Morgan to Overweight from Neutral with a price target at $65

Morgan Stanley Downgraded Moderna (MRNA) to Equal-Weight from Overweight with Price Target $150.

Etsy ETSY downgraded to Buy from Hold from Stifel with a Price Target at $170

Chipotle Mexican Grill CMG upgraded from Stifel from Hold to Buy with Price Target of $1500

Raymond James Financial stock price target raised to $106 from $92 at JMP Securities

Si-Bone stock price target raised to $35 from $28 at Needham

Aptiv downgraded to sector weight from overweight at KeyBanc Capital

PayPal stock price target raised to $235 from $215 at KeyBanc Capital

12-15-2020

Wells Fargo upgrades Exxon Mobil XOM from Equal Weight to Overweight and a price target of $53.

Hilton HLT upgraded to Buy from Neutral and raised the price target from $92 to $130

Fitch Upgrades Microsoft to ‘AAA’; Outlook Stable

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) for Microsoft Corporation to ‘AAA’ from ‘AA+’. The Rating Outlook is Stable. The Short-Term IDR has been affirmed at ‘F1+’. The ratings affect $64 billion of debt.

Microsoft is well-positioned for cloud computing services, leveraging its legacy strengths in software applications that benefit from strong network effects. Fitch expects Microsoft’s cloud-based products, including Office 365, Dynamics 365, Azure and server products, to continue to provide robust growth to mitigate the secularly weaker and cyclical PC-related products. In addition, the adaptation of the Office suite of products to the cloud delivery model effectively decouples Office products from personal computers (PCs), enabling continuing growth of Office products in spite of the secularly weaker PC industry. The coronavirus pandemic has boosted both software and hardware products for Microsoft, as remote work has increased demand for overall IT products.

Microsoft’s $64 billion of outstanding debt is manageable, supported by the company’s $132 billion of readily available cash and equivalents and normalized annual FCF of over $30 billion. Fitch expects Microsoft to have sufficient capacity to continue retiring bonds at maturity, maintaining dividend payments, repurchasing shares and making strategic acquisitions. As of December 2020, Microsoft’s gross leverage was 0.8x. The operating and financial profiles of the company are consistent for the ‘AAA’ rating category.

KEY RATING DRIVERS

Cloud Services Driving Growth: Fitch expects operating performance will remain solid, driven by robust cloud products growth; these include Microsoft’s Azure cloud services, cloud infrastructure software and productivity products that have been adapted for the cloud environment. Fitch expects Microsoft to remain a leading cloud services provider over the intermediate term, with an integrated offering across infrastructure and software services, benefitting from its established footprint in legacy Windows OS and Office productivity products. Fitch projects revenue growth in the low teens over the intermediate term.

Highly Diversified Revenue Streams: Fitch expects the more profitable cloud services growth to diversify Microsoft’s revenue base and increase profitability while reducing its dependency on PCs. While Microsoft’s More Personal Computing segment still represents approximately 35% of GAAP revenues, it constitutes less than 30% of operating profits. Fitch expects operating EBITDA margins to remain at approximately 50% over the intermediate term, supported by the favorable product mix shift. With the rising scale of Microsoft’s cloud-based products, revenues and profits from these products should increasingly eclipse personal computing products.

Resilient Demand Supported By Network Effect: Microsoft benefits from network effect due to its broad installed base of Windows OS and Office products that are de facto standards for computer software and productivity tools. The standard software enables users to efficiently share applications and information. The cloud adaptation of Office enables Microsoft to extend its strong position as customers increasingly migrate to cloud environment. Given the ubiquitous installed base of these products and the benefits of network effect, Fitch expects Microsoft to maintain its dominance in these areas. Cloud-based delivery of software applications also decouples these products from specific hardware platforms, further cementing the adoption of the products.

Significant Cash Position and Strong FCF: Fitch expects revenue growth and strong profitability will result in over $30 billion of annual Fitch-calculated post-dividend FCF through the intermediate term. In conjunction with the $132 billion of readily available cash and equivalents on the balance sheet as of Dec. 31, 2020, Fitch expects Microsoft to have ample capacity to repay maturing debt, continue dividend payments, make acquisitions and repurchase shares.

Competitive Enterprise Cloud Market: Enterprise cloud services are dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. While Microsoft has established a solid position as the number-two provider in the current environment dominated by Infrastructure-as-a-Service (IaaS), competition from AWS and Google Cloud is fierce. In addition, smaller cloud-service providers, including IBM and Oracle Cloud, remain relevant in the growing market. Given the overall industry trend toward cloud services, Fitch expects IaaS competition to remain fierce. Fitch believes Microsoft holds a strong defensible position in the Software-as-a-Service (SaaS) segment relative to peers, anchored by its legacy strength in enterprise and productivity applications.

DERIVATION SUMMARY

Fitch’s ratings are supported by its view that Microsoft’s cloud-based products will remain a key growth driver as adoption of cloud services continues to grow. Microsoft’s Intelligent Cloud segment, including server products and Azure, should continue to experience robust growth. In addition, Microsoft’s adaptation of its legacy perpetual-license-based productivity products to cloud-based SaaS products increases the lifetime value of customers over the long term. In conjunction with Microsoft’s strong relationships with enterprises and consumers, Fitch believes the company’s cloud-based product offerings are balanced across IaaS and SaaS, and competitive in the evolving IT industry.

Declining PC industry trends should continue to limit growth for Microsoft’s More Personal Computing segment as demand for Windows OS weakens despite the recent strength from pandemic-driven demand. As more workloads migrate to the cloud, complex applications can be run without powerful edge devices such as PCs; PC utilization has been gradually displaced by mobile devices powered by alternative OS, such as Android and iOS. Fitch expects this trend to continue as cloud adoption continues to grow.

Microsoft has been retiring its bonds as they matured since the Tax Cuts and Jobs Act of 2017 was enacted, while maintaining its dividend payments and share repurchases. Given the strong financial position of the company, Fitch expects Microsoft to continue to reduce debt at maturity through the forecast. In conjunction with EBITDA growth, Fitch estimates Microsoft’s gross leverage to trend toward 0.5x and remain below 1.0x through the forecast.

Microsoft’s scale, customer diversification, profit profile and leverage compare well against peers in the ‘A’, ‘AA’ and ‘AAA’ rating categories, including Intel Corporation (A+/Stable), Amazon.com, Inc. (A+/Positive), and Walmart, Inc. (AA/Stable).

KEY ASSUMPTIONS

Fitch’s Key Assumptions Within Our Rating Case for the Issuer Include

–Revenue growth in the low teens;

–EBITDA margins remain approximately 50% through fiscal 2024;

–Dividend payments growing in line with profits;

–Average of $5 billion of acquisitions per year;

–Debt repaid at maturity through fiscal 2024;

–Share repurchases of $25 billion annually through fiscal 2022, rising to $30 billion through fiscal 2024.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade

–Fitch does not expect positive rating action in the long term.

Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade

–More aggressive financial policies, reflected by absence of debt repayment resulting in Fitch’s expectation of gross leverage sustaining above 1.0x;

–Cash flow from operations minus capex/total debt with equity credit sustaining below 50%;

–Eroding competitive positions within core operating segments, reflected by zero or negative revenue growths and sustained operating margin compression.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from ‘AAA’ to ‘D’. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit https://www.fitchratings.com/site/re/10111579.

LIQUIDITY AND DEBT STRUCTURE

Robust Liquidity: As of Dec. 31, 2020, the company had $132 billion of cash, cash equivalents and short-term investments. Fitch’s expectation of over $30 billion of annual post-dividend FCF through fiscal 2022 and rising to over $35 billion thereafter also supports liquidity.

Total debt at Dec. 31, 2020 was $64.6 billion and consists of senior notes with maturities from fiscals 2021-2057. The recent debt exchange has extended maturities to 2062.

Debt Structure:

–$500 million senior unsecured notes due fiscal 2021 (repaid during fiscal 3Q21);

–$8.0 billion senior unsecured notes due fiscal 2022;

–$2.75 billion senior unsecured notes due fiscal 2023;

–$5.25 billion senior unsecured notes due fiscal 2024;

–$47.7 billion senior unsecured notes due after fiscal 2024.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of ‘3’. This means ESG issues are credit neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch’s ESG Relevance Scores, visit www.fitchratings.com/esg.

FCA warns that younger investors are taking on big financial risks

The Financial Conduct Authority (FCA) has published research findings into better understanding investors who engage in high-risk investments like cryptocurrencies and foreign exchange.

The findings reveal there is a new, younger, more diverse group of consumers getting involved in higher risk investments, potentially prompted in part by the accessibility offered by new investment apps. However, there is evidence that these higher risk products may not always be suitable for these consumers’ needs as nearly two thirds (59%) claim that a significant investment loss would have a fundamental impact on their current or future lifestyle.

The research found that for many investors, emotions and feelings such as enjoying the thrill of investing, and social factors like the status that comes from a sense of ownership in the companies they invest in, were key reasons behind their decisions to invest. This is particularly true for those investing in high-risk products for whom the challenge, competition and novelty are more important than conventional, more functional reasons for investing like wanting to make their money work harder or save for their retirement. 38% of those surveyed did not list a single functional reason for investing in their top 3.

Sheldon Mills, Executive Director, Consumer and Competition at the FCA said: ‘Much of the consumer investments market meets consumers’ needs. But we are worried that some investors are being tempted – often through online adverts or high-pressure sales tactics – into buying higher-risk products that are very unlikely to be suitable for them.

‘This research has helped us better understand what drives and motivates consumers so we can tell them about the risks involved in these investments through our investment harm campaign.

‘We want to make sure that we encourage the ability to save and invest for lifetime events, particularly for younger generations, but it is imperative that consumers do so with savings and investment products that have a suitable level of risk for their needs. Investors need to be mindful of their overall risk appetite, diversifying their investments and only investing money they can afford to lose in high risk products.

‘We also hope our research will provide valuable insights for other organisations that are involved in tackling harm in this market.’

The research shows that investors often have high confidence and claimed knowledge. However, it also shows a lack of awareness and/or belief in the risks of investing, with over 4 in 10 not viewing ‘losing some money’ as one of the risks of investing, even though as with most investments their whole capital is at risk. In some cases, investors can lose more than they initially invested for example with contract for difference investments. These investors also have a strong reliance on gut instinct and rules of thumb, with almost four in five (78%) agreeing “I trust my instincts to tell me when it’s time to buy and to sell” and 78% also agreeing “There are certain investment types, sectors or companies I consider a ‘safe bet’”.

Research findings indicate that this newer audience has a more diverse set of characteristics than traditional investors. They tend to skew more towards being female, under 40 and from a BAME background. This newer group of self-investors are more reliant on contemporary media (e.g. YouTube, social media) for tips and news. This trend appears to be prompted by the accessibility offered by new investment apps.

These younger investors may have the lowest levels of financial resilience making them more vulnerable to investment loss. Research showed that a significant loss could have a fundamental lifestyle impact on 59% of self-directed investors with less than 3 years’ experience, who are more likely to own high risk investment products, compared with 38% of investors with greater than 3 years’ experience.

Tackling harm in the consumer investment market is a priority for the FCA. The FCA commissioned BritainThinks to conduct in-depth research into self-directed investors’ behaviours, attitudes and financial resilience. Together with feedback from its Call for Input on the consumer investment market, this research will underpin the FCA’s work in the consumer investment market. In particular, the research will help design a new campaign to address the harm caused from consumers investing in high risk, high return, illiquid investments that may not be suitable for their needs.

Alongside the publication of this research, the FCA has today launched its digital disruption campaign to prevent investment harm. The campaign uses online advertising to disrupt investors’ journeys and drive them to the high return investments webpage – which covers key questions consumers should ask before investing.

The FCA advises consumers to consider five important questions before they invest: 

  1. Am I comfortable with the level of risk?
  2. Do I fully understand the investment being offered to me?
  3. Am I protected if things go wrong?
  4. Are my investments regulated?
  5. Should I get financial advice?

The FCA has recently published work to tackle consumer harm in the investment market including banning the mass-marketing of speculative mini-bonds and will set out its further plans later this year. The regulator also published a warning to consumers on the dangers of investments advertising high returns based on cryptoassets.

Stock Upgrades and Downgrades for February 2021

You can find here the stock upgrades and downgrades from the top analysts in Wall Street for February 2021

2-26-2021

JP Morgan Upgraded HP (HPQ) from Neutral to Overweight and raised the Price target from $28 to $38.

Morgan Stanley Upgraded Carvana (CVNA) from Equal-Weight to Overweight with price target at $420.

Oppenheimer Initiated iCAD (ICAD) at Outperform and a Price target at $27.

Goldman Upgraded PetroChina (PTR) from Neutral to Buy and increased the Price target from $37 to $61.

2-25-2021

Wells Fargo Upgraded CME Group (CME) from Equal Weight to Overweight with a price target at $230.

Analyst David Lebowitz of Morgan Stanley (EPZM) downgraded Epizyme to Equal Weight from Overweight with a $14 price target

HSBC Securities Upgraded NIKE (NKE) from Hold to Buy and raised the Price target from $125 to $158.

UBS Initiated Skillz (SKLZ) at Neutral with a Price target at $34.

Cowen Reiterated NetApp (NTAP) at Market Perform but increased the Price target from $60 to $68.

2-24-2021

Rosenblatt Maintains Neutral rating on Zoom Video Communications and Lowers the Price Target to $350.

Telsey Advisory Group Reiterated Abercrombie & Fitch (ANF) at Outperform and raised the Price target from $28 to $32.

Citigroup Upgraded Mattel (MAT) from Neutral to Buy with a Price target at $22.50.

Analyst Patrick Colville OF Deutsche Bank upgraded McAfee Corp. (MCFE) to buy.

2-23-2021

BMO Capital Markets Upgraded Starbucks (SBUX) from Market Perform to Outperform and raised the price target from $102 to $120

BMO Capital Markets Upgraded Palo Alto Networks (PANW) from Market Perform to Outperform and a price target at $455.

Goldman Initiated Qualtrics (XM) Brokerage at Neutral and a Price Target at $45.

BofA Securities Downgraded Kroger (KR) from Neutral to Underperform and cut the Price target from $40 to $28.

Pivotal Research Group Downgraded DISH Network (DISH) from Buy to Hold and cut the Price target from $42 to $34.

2-22-2021

Cowen Upgraded Cree (CREE) from Market Perform to Outperform and increased the Price target from $90 to $150.

Morgan Stanley keeps the Equal-Weight on DISH Network, and raised the Price Target to $32.

Susquehanna Reiterated NVIDIA (NVDA) at Positive and raised the Price Target from $625 to $700.

Credit Suisse Upgraded Carlyle Group (CG) from Neutral to Outperform and raised the Price target from $40 to $42.

Goldman Upgraded KB Home (KBH) from Sell to Buy and increased the Price target from $32 to $51.

JP Morgan Downgraded Kraft Heinz (KHC) from Overweight to Neutral with a Price target at $41.

JP Morgan analyst Sterling Auty Upgraded Everbridge (EVBG) from Neutral to Overweight with a price target at $200.

JP Morgan Downgraded MRC Global (MRC) from Overweight to Neutral and Price Target at $7.

2-18-2021

Daiwa Securities Initiated Micron (MU) at Buy with a price target at $140.

JP Morgan Upgraded  Wells Fargo (WFC) from Underweight to Neutral and increased the Price Target from $31.50 to $37.

UBS Upgraded Sleep Number (SNBR) from Sell to Neutral and raised the Price Target from $65 to $135.

Credit Suisse Upgraded Mohawk (MHK) from Underperform to Neutral and raised the Price Target from $114 to $180.

2-17-2021

Citigroup Upgraded Cree (CREE) from Neutral to Buy and increased the Price Target $105 to $160.

Goldman Upgraded Palantir Technologies (PLTR) from Neutral to Buy and raised the Price Target from $13 to $34.

Citigroup raised Amazon (AMZN) price target from $3,600 to $3,750.

BTIG Research Initiated Vuzix (VUZI) at Buy and a Price Target at $30.

JP Morgan Upgraded Anterix (ATEX) from Neutral to Overweight and increased the Price Target from $40 to $50.

Morgan Stanley Downgraded  Fortive (FTV) from Overweight to Equal-Weight with a Price Target at $75.

Deutsche Bank Reiterated Square (SQ) at Buy but raised the Price Target from $255 to $330.

BofA Securities Upgraded Mesa Air (MESA) from Underperform to Buy and increased the Price Target from $2 to $15.

2-16-2021

BofA Securities Upgraded MakeMyTrip (MMYT) from Underperform to Neutral and raised the Price Target from $14 to $32.

Loop Capital Upgraded Alphabet A (GOOGL) from Hold to Buy with a Price Target at $2525.

Goldman Upgraded BlackLine (BL) from Sell to Neutral and raised the Price Target from $80 to $137.

Canaccord Genuity Downgraded BlackBerry (BB) from Hold to Sell.

Robert W. Baird Downgraded American Express (AXP) from Outperform to Neutral and a Price Target at $126.

2-12-2021

JP Morgan Downgraded Axon (AXON) from Overweight to Neutral and raised the Price target from $129 to $179.

Needham Resumed Shutterstock (SSTK) at Buy and a price target at $95.

Wolfe Research Downgraded Airbnb (ABNB) from Outperform to Peer Perform.

Morgan Stanley Initiated Fisker (FSR) at Overweight and a Price Target at  $27.

Morgan Stanley Upgraded News Corp. (NWSA) from Underweight to Overweight and raised the price target from $15 to $30.

Berenberg Downgraded Royal Caribbean Group (RCL) to Sell, and set the price target at $55.

2-11-2021

Citigroup upgraded Zillow (ZG) from Neutral to Buy and raised the Price Target from $130 to $250.

Needham Resumed Uber (UBER) at Buy and a Price Target at $75.

DZ Bank Upgraded Cisco (CSCO) from Hold to Buy and a price target at $52.

BofA Securities Upgraded Bed Bath & Beyond (BBBY) from Neutral to Buy with a price target at $38.

Morgan Stanley Upgraded Advanced Drainage Systems (WMS) from Underweight to Equal-Weight and a price target at $102.

Wells Fargo Upgraded Western Union (WU) from Underweight to Equal Weight and a price target at $25.

2-10-2021

Analyst Doug Anmuth of JPMorgan raised the price target for Twitter (TWTR) to $77 from $65  keeping the Overweight rating after the company’s Q4 earnings report.

JP Morgan Downgraded Akamai Tech (AKAM) from Overweight to Neutral and cut the Price Target from $125 to $117.

Goldman Downgraded Corsair Gaming (CRSR) from Buy to Neutral but raised the Price Target from $35 to $44.

UBS Downgraded Virgin Galactic (SPCE) from Buy to Neutral and raised the Price Target from $35 to $52.

Analyst Adam Jonas of Morgan Stanley downgraded Lithia Motors (LAD) to Underweight from Equal Weight and set the price target at $310.

JP Morgan Upgraded Model N (MODN) from Underweight to Neutral and raised the Price Target from $33 to $40.

KeyBanc keeps the Overweight rating on Mattel (MAT) and raised the Price Target to $22.

Goldman Reiterated Lyft (LYFT) at Buy and raised the Price Target from $44 to $74.

JP Morgan Reiterated Lyft (LYFT) at Overweight and raised the price tragte from $63 to $68.

JMP Securities Reiterated Lyft (LYFT) at Market Outperform and increased the Price Target from $50 to $73.

UBS Reiterated Lyft (LYFT) at Buy and raised the Price Target from $60 to $65.

Credit Suisse Reiterated Lyft (LYFT) at Outperform and increased the Price Target from $66 to $74.

Barclays Reiterated Lyft (LYFT) at Equal Weight and increased the Price Target from $49 to $55.

Susquehanna Reiterated Lyft (LYFT) at Positive and raised the Price Target from $45 to $80.

Wedbush Reiterated Lyft (LYFT) at Outperform and raised the Price Target from $53 to $72.

Truist Reiterated Lyft (LYFT) at Buy and increased the Price Target from $44 to $66. 

BTIG Research Reiterated Lyft (LYFT) at Buy and raised the Price Target from $60 to $70.

2-9-2021

Northcoast Upgraded Chipotle Mexican Grill (CMG) from Neutral to Buy with a Price Target at $1827.

Argus Upgraded Ford Motor (F) from Hold to Buy with a price target at $14.

Piper Sandler Upgraded Community Financial (TCFC) from Neutral to Overweight and raised the price target from $30 to $34.

Jefferies Reiterated Hasbro (HAS) at Buy but cut the Price Target from  $115 to $110.

2-8-2021

Stifel  Upgraded Target (TGT) from Hold to Buy and raised the Price Target from $200 to $225.

Mizuho Reiterated Baidu (BIDU) at Buy and increased the Price Target from $250 to $325.

RBC Capital Mkts Upgraded Hershey Foods (HSY)  from Sector Perform to Outperform and increased the Price Target from $157 to $170.

JP Morgan Upgraded Estee Lauder (EL) from Underweight to Overweight and increased the Price Target from $208 to $299.

Analyst Lucas Herrmann of Exane BNP Paribas, upgraded Exxon Mobil (XOM) to Neutral from Underperform with a price target at $45.50.

Analyst James Faucette of Morgan Stanley initiated coverage on Affirm Holdings (AFRM) at overweight.

2-5-2021

Goldman Upgraded Zillow (ZG) from Neutral to Buy and Price Target from $119 to $200.

Analyst Aaron Kessler of Raymond James downgraded Peloton Interactive to Market Perform from Outperform.

JP Morgan Downgraded Twist Bioscience (TWST) from Neutral to Underweight and a price target at $100.

Cowen Reiterated Old Dominion (ODFL)  at Market Perform and raised the Price Target from $191 to $216.

Analyst Bobby Griffin of Raymond James initiated coverage of Arko Corp. (ARKO) with a Strong Buy rating and a price target at $13.

2-4-2021

Citigroup Downgraded Qualcomm (QCOM) to Neutral and set the Price Target at $165.

BofA Securities Downgraded Sleep Number (SNBR) from Neutral to Underperform but raised the Price Target from $73 to $88.

Citigroup Resumed NRG Energy (NRG) at Buy with a Price Target at $52.

Atlantic Equities Upgraded PayPal (PYPL) from Neutral to Overweight with a Price Target at $315.

Wedbush Raised Paypal Target Price to $300 from $275.

Mizuho Raised Paypal (PYPL) Target Price to $375 from $350.

BofA Securities Upgraded FireEye (FEYE) from Neutral to Buy and set the Price Target at $27.

DZ Bank Upgraded Pfizer (PFE) from Hold to Buy with Price Target at $41.

Cory Carpenter analyst of JPMorgan upgraded Match Group (MTCH) to Overweight from Neutral with a price target at $175.

KeyBanc upgraded Steris (STE) to Overweight from Sector Weight.

2-3-2021

DA Davidson Downgraded  Beyond Meat (BYND) from Neutral to Underperform with a Price Target at $135.

Wedbush Downgraded Voyager Therapeutics (VYGR) from Outperform to Neutral with a Price Target at $6.

Stifel Raises Price Target On Amazon (AMZN) To $4000 From $3600.

Susquehanna increased Amazon (AMZN) price target to $5200 from $4000.

JP Morgan raised the price target for Amazon to $4,400 from $4,155.

Keybank increased the price target from $3,500 to $3,700.

Canaccord Genuity increased the price target for AMZN from 3,800 to 4,100.

D.A. Davidson raised the price target for Amazon to $3,950 from $3,800.

Pivotal Research Group Reiterated Amazon (AMZN) at Buy rating but raised the Price Target from $4500 to $4650.

Robert W. Baird Upgraded Aspen Tech (AZPN) from Neutral to Outperform and raised the Price Target from $135 to $165.

Credit Suisse cut the price target for Amgen (AMGN) to $265 from $280.

Guggenheim raised Alphabet Price Target To $2400 From $2000.

Wedbush increased Alphabet (GOOGL) Price Target To $2470 From $2150.

Bernstein Raises Alphabet (GOOGL) Price Target To $2500 From $2200.

Mizuho Raises the Target Price for Google to $2,350 From $2,100.

2-2-2021

Cascend keeps the Buy rating on Qualcomm, and raised the Price Target to $185

Piper Sandler analyst Brent Bracelin reiterated the Overweight rating on Microsoft (MSFT) shares with a $300 price target.

Credit Suisse Upgraded Palo Alto Networks (PANW) from Neutral to Outperform and raised the Price Target from $385 to $425.

Citigroup Initiated Clover Health (CLOV) at Buy with a Price Target at $19.

Analyst Stephen Ju of Credit Suisse increased Pinterest price target to $74 from $66 keeping the Neutral rating.

Analyst James West of Evercore ISI upgraded Tetra Technologies (TTI) to Outperform from Underperform with a target at $3.

2-1-2021

Northland Capital Downgraded Intel (INTC) from Market Perform to Under Perform and cut the Price target from $57 to $46.

Citigroup increased the price target for Facebook FB to $320 from $315

Cowen and Company increased the price target for UBER from $58 to $64

Geoff Meacham analyst at BofA downgraded Moderna (MRNA) to Underperform from Neutral keeping the price target at $150.

SVB Leerink Keeps the Underperform rating on Moderna, but Raised the Price Target to $80.

Baird raised the price target for Airbnb (ABNB) from $175 to $195.

Cowen increased Peloton (PTON) price target to $175 from $130.

Wedbush raised the price target for Fubo Tv (FUBO) from $40 to $50.

Piper Sandler increased the target price for Tesla from $515 to $1200

Bradley Thomas of KeyBanc downgraded Bed Bath & Beyond (BBBY) to Underweight from Sector Weight with a price target at $24.

Analyst Todd Fowler of KeyBanc upgraded Schneider National (SNDR) to Overweight from Sector Weight with a $25 target.

MKM Partners Downgraded AMC Entertainment (AMC) from Neutral to Sell and a Price Target at $1.

FINRA: Following the Crowd Investing and Social Media

With zero commissions on trades and online trading platforms at our fingertips wherever we go, many investors are making investing and saving part of their routine. Investors have access to a variety of online sources to gather information to make investment decisions, from the news media to independent social media platforms to platforms associated with investment firms, among many others. No matter where you get your trading insights, and whether you are following a recommendation to buy stocks, bonds, options or something else, know this: where there is an opportunity, there is also risk.

Crowd Investing – Here are some tips and resources to consider.

  1. Consider your source. Independent social media platforms and some brokerage firms offer tools that analyze or aggregate information from social media sources to help investors make investment decisions. Depending on how it is presented, social sentiment information—particularly real-time discussion platforms and buy/sell indicators driven by social sentiment—can lead to emotionally-driven or impulsive investment decisions, which can be a risky way to approach investing. Learn more about Social Sentiment Investing Tools.
  2. Know the rules if you are day trading. Are you actively trading stocks? If so, it’s important to know what it means to be a “pattern day trader” because there are requirements associated with this kind of trading. And as the SEC’s Office of Investor Education and Advocacy noted in a recent Investor Bulletin, “[d]ay trading is serious business and not something you just dabble in for fun, particularly if you are using leveraged investment strategies or trading leveraged products.”
  3. Understand the costs and risks of margin investing. If you are trading in a margin account, your firm can force the sale of securities in your accounts to meet a margin call, sell your securities without contacting you, and increase its margin requirements at any time without providing you with advance notice. It’s also important to know you can lose more money than you deposit in a margin account. Learn more about Investing with Borrowed Funds.
  4. Know what to expect when trading is halted. Thousands of stocks are quoted and traded every day in U.S. securities markets, and most of this trading takes place without interruption throughout the day. But sometimes a stock may be subject to a short-term trading halt or longer-term trading suspension. To find out why and how trading halts occur, read When the Trading Stops.
  5. Get the basics on options trading. Options trading can be risky, and the options market has its own vocabulary and unique processes. Options A to Z: The Basics to the Greeks will help you become conversant in the language of options, and Trading Options: Understanding Assignment lays out how assignment—the fulfilling of the requirements of an options contract—works.
  6. Check your emotions at the door. In volatile markets it can be tempting to make rash decisions. One enduring truth about stock markets is that they go up, and they go down—and the steeper the rise or the fall, the more tempting it can be to derail a long-term strategy with a snap decision. Read more about Market Volatility.
  7. Stop and take three. Mindfulness is all the rage these days. Before you make an investment decision, be mindful of three things. First, ask yourself whether an investment aligns with your financial goals. Small dollar investments based on hype around a security might turn into big gains, but they can just as easily turn into big losses. Second, make sure your investment decision involves a level of risk you are comfortable with, and not the level of risk other people might be comfortable with. The problem with herd investing is that investing is personal: some people have the means to take risky bets, but many of us do not. Third, if you seek short-term returns, don’t sacrifice money you cannot afford to lose.
  8. Watch your wallet. Social media recommendations to buy the securities of a particular company may urge going all in through taking early withdrawals from retirement accounts or borrowing against one’s home. Be aware that leveraging long-term assets for short-term gains can have significant consequences—from fees and taxes to risk of loss and more.
  9. Focus on diversification. Speaking of going all in, remember that diversification—spreading out your investments both across and within different asset classes—can help you manage your risk.
  10. Contact FINRA to report misconduct. If you are aware of unfair practices or specific instances of abusive or prohibited conduct, FINRA wants to know about it immediately. File an investor complaint through the FINRA Investor Complaint Center or file a tip using our online regulatory tip form.

When significant market events occur, it can be challenging to sort out what is actually happening, especially with a 24-hour news cycle and constant chatter from social media channels. To protect investors and ensure the market’s integrity, FINRA works every day to ensure that everyone can participate in the market with confidence. If there is market manipulation or other misconduct by market participants, FINRA will investigate and hold wrongdoers accountable. Where we lack jurisdiction over those who engaged in misconduct, we coordinate and share any information we uncover with law enforcement and other regulatory agencies to help them do their jobs.

SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity

As part of its continuing effort to respond to potential attempts to exploit investors during the recent market volatility, the Securities and Exchange Commission today suspended trading in the securities of 15 companies because of questionable trading and social media activity.

Today’s action follows the recent suspensions of the securities of numerous other issuers, many of which may also have been targets of apparent social media attempts to artificially inflate their stock price. The SEC continues to review market and trading data to identify other securities where the public interest and the protection of investors require trading suspensions.

“The SEC’s recent suspensions of trading in nearly two dozen securities – including 15 today – are one facet of our ongoing efforts to police the market and protect investors,” said Melissa Hodgman, Acting Director of the SEC’s Division of Enforcement. “We proactively monitor for suspicious trading activity tied to stock promotions on social media, and act quickly to stop that trading when appropriate to safeguard the public interest. We also remind investors to exercise caution and do their diligence before investing generally, including in companies promoted on social media.”

Today’s order states that trading is being suspended because of questions about recent increased activity and volatility in the trading of these issuers, as well as the influence of certain social media accounts on that trading activity. The order also states that none of the issuers has filed any information with the SEC or OTC Markets, where the companies’ securities are quoted, for over a year. As a result, the SEC suspended trading in the securities of: Bebida Beverage Co. (BBDA); Blue Sphere Corporation (BLSP); Ehouse Global Inc. (EHOS); Eventure Interactive Inc. (EVTI); Eyes on the Go Inc. (AXCG); Green Energy Enterprises Inc. (GYOG); Helix Wind Corp. (HLXW); International Power Group Ltd. (IPWG); Marani Brands Inc. (MRIB); MediaTechnics Corp. (MEDT); Net Talk.com Inc. (NTLK); Patten Energy Solutions Group Inc. (PTTN); PTA Holdings Inc. (PTAH); Universal Apparel & Textile Company (DKGR); and Wisdom Homes of America Inc. (WOFA).

The SEC also recently issued orders temporarily suspending trading in: Bangi Inc. (BNGI)Sylios Corp. (UNGS)Marathon Group Corp. (PDPR)Affinity Beverage Group Inc. (ABVG)All Grade Mining Inc. (HYII); and SpectraScience Inc. (SCIE). Each of these orders stated that the suspensions were due at least in part to questions about whether social media accounts have been attempting to artificially increase the companies’ share price.

Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met.

The SEC’s Office of Investor Education and Advocacy recently alerted investors to the significant risks of making investment decisions based on social media.

BlackSky is going public through a merger with Osprey Technology

Satellite imagery specialist BlackSky and Osprey Technology Acquisition Corp., a special purpose acquisition company (SPAC), announced they have entered into an agreement for a business combination that would result in BlackSky becoming a publicly listed company on the NYSE with the ticker symbol ‘BKSY’.

BlackSky is a pioneer in real-time Earth observation leveraging the innovative performance and economics of small satellite constellations to deliver high revisit global monitoring solutions. BlackSky’s Artificial Intelligence/Machine Learning (AI) powered analytics platform derives unique insights from its constellation as well as a variety of space, and terrestrial-based sensors and data feed.

Osprey is led by investors Edward Cohen and Jonathan Cohen alongside JANA Partners’ David DiDomenico.

The merger’s value will reach $1.5 billion. The company’s plans to use the funds to enhance it’s network to 30 imaging satellites, and to capture imagery of anywhere on earth almost every 30 minutes. Now BlackSky has five satellites in operation and will add about nine more satellites in orbit around earth in 2021.

True Leaf Brands Unveils Plan to Become B.C. Craft Cannabis Hub

True Leaf Brands Inc. (CSE: MJ) (OTC Pink: TRLFD) (FSE: TLAA) (“True Leaf” or the “Company”) has announced a strategic plan to provide British Columbia’s burgeoning craft cannabis community with the services they need.

B.C.’s cannabis industry is currently a mix of growers grandfathered under the pre-legalization rules and licensed producers under the Cannabis Act with strict requirements for quality assurance, security, and sales. The Company’s True Leaf Campus facility will serve growers and micro-cultivators seeking a gateway to the legal market.

Micro-cultivators must meet strict zoning, security, quality, and production requirements to become licensed, and only then can sell their product at the wholesale level to licensed standard processors such as True Leaf. The facility at the True Leaf Campus in Lumby, B.C., will offer a full suite of services and seed-to-shelf solutions:

  • Assistance with the requirement to operate with standard operating procedures and producing product that can meet Health Canada’s quality standards
  • Genetic cleaning, propagation, and cloning
  • Small scale anti-microbial services
  • Processing and packaging
  • Potential royalties or sales through True Leaf’s sales channels

The Company is uniquely positioned to support B.C.’s craft cannabis community, with ready access to hundreds of legacy growers in the Okanagan Valley, Kootenays, Fraser Valley, and Vancouver Island.

“B.C. cannabis has a global reputation for quality that was built from the passion and hard work of the craft community. It’s time for them to shine and we’re here to help,” said True Leaf CEO Darcy Bomford. “Our mission is to be a champion to the craft cannabis community by providing the services they need and a legal route to market for their products.”

To support the strategic plan, the Company has added three new team members in key positions:

  • Tom Smale will serve as General Manager of True Leaf Campus. Mr. Smale has worked with several licensed operators and has a deep understanding of Health Canada’s regulatory and processing requirements.
  • Doug Robinson will serve as Master Grower. Mr. Robinson is an experienced local grower with years of consistent production utilizing a number of growing methods.
  • Nick Foufoulas will support business development. Mr. Foufoulas has deep connections in the industry along with a background in corporate finance and business development.

Legal cannabis sales have, for the first time, overtaken illegal black and grey market sales in Canada. According to Marijuana Business Daily, spending on non-medical cannabis products in the third quarter of last year reached $824 million (CAD) according to the updated figures. Unlicensed non-medical sales, by comparison, were estimated to be $754 million (CAD) in the same period.

True Leaf is currently reaching out to the B.C. craft cannabis community. Interested parties are encouraged to contact the Company at 1 (250) 275-6063.

About True Leaf

True Leaf Brands Inc. is a Licensed Producer based in Vernon, B.C. The Company owns and operates True Leaf Campus, a 19,500 square foot facility located on a 40-acre site zoned for the cultivation, processing, and sale of cannabis, as well as general industrial use.

News That Move the Markets Today

Get the latest top market news and financial headlines. Stay updated with the market moving news for stocks, commodities, forex and cryptocurrencies.

4-20-2021

Netflix (NFLX) trades 9% lower in after-market trading as investors disappointed by the new subscribers figures. NFLX added 3.98 million new subscribers well below the expectations of 6.2 million. Netflix reported $3.75 earnings/share below the expectations of $2.97. The revenue came up to $7.16 billion, beating the forecasts of $7.13 billion.

4-19-2021

Peloton (PTON) shares are under heavy selling pressure (-5.7%) in the premarket after federal safety regulators warned that the company’s treadmills are dangerous around small children and pets. The Consumer Product Safety Commission said that it discovered 39 incidents of injury from Peloton’s Tread+, as the federal safety agency investigates into a child’s death reported by Peloton in March. 

4-9-2021

Microsoft (MSFT) To Buy Nuance (NUAN) For $56/Share In All Cash Deal Valued At $19.7Bln

4-7-2021

Fitch Upgrades Microsoft to ‘AAA’; Outlook Stable

AMC shares give up 4% as CEO seeks approval for 500 million share offering

ISM manufacturing index jumped to 64.7% from 60.8% in the prior month.

United States EIA Natural Gas Storage Change came in at 14B below forecasts (21B) in March 26

3-31-2021

Biden: “Wall Street didn’t build this country. You, the great middle class, built this country!”

Micron (MU) trades higher after market after better-than-expected 2Q results. Micron reported earnings per share of 98 cents and revenue of $6.24 billion.

Microsoft (MSFT) has won a contract to build more than 120,000 custom HoloLens augmented-reality headsets for the U.S. Army. The contract could be worth up to $21.88 billion over 10 years.

Apple to build battery-based solar energy storage project in California.

Apple (AAPL) will add two new English language voices to its Siri voice assistant 

French President Macron: 4 Week Nationwide Lockdown To Begin On Saturday.

CME Group to Launch Micro Bitcoin Futures on May 3

3-15-2021

Bitcoin Depot Launches More Than 100 New Bitcoin ATM’s, Surpassing 2,000 Kiosks Worldwide.

US President Biden says he thinks Putin is a killer

3-12-2021

Apple Plans To Build European Silicon Design Centre In Munich the Facility will Focus On 5G, and Wireless Technologies

3-9-2021

US February 2021 small business optimism came in at 95.8 beating the expectations of 97, previous reading was at 95.

3-8-2021

NYSE will delist tomorrow CNOOC, one of China’s state-owned oil companies.

European Monetary Union Sentix Investor Confidence in March came in at 5 beating the expectations of 1.9.

3-5-2021

US Markit Services Final PMI came in at 59.8 beating the expectations of 58.9. January reading was at Jan 58.3.

Texas & Mississippi states reopen at full capacity and lift mask mandate.

3-1-2021

FDA panel unanimously recommends Johnson & Johnson Covid-19 vaccine.

SEC Suspends Trading in Multiple Issuers Based on Social Media and Trading Activity $BNGI $UNGS $PDPR $ABVG $HYII $SCIE

Airbnb (ABNB)

Airbnb (ABNB) reported $3.89 billion loss. Revenue came up to $859 million topping the expectations of $748 million. Check out the Airbnb stock price target from Wall Street analysts.

Beyond Meat (BYND) Results

Beyond Meat (BYND) Jumps 7.13% after-market as the company announced that it has struck deals with McDonald’s (MCD) and Yum Brands (YUM). The company reported a bigger-than-expected quarterly loss of $0.34 per share below the expectations of a loss of $0.13 Revenue reported at $101.9 million below the expectations of $103.2.

FAA fines Boeing (BA) $6.6 million for failing to comply with 2015 settlement, safety issues.

Tesla trades below the 50 day moving average for the first time since November 16.

Tesla Slumps 6.43% hitting the lowest level since January 5.

FT: Apple $AAPL Back On Top In Global Smartphone Sales

Germany IFO Business Climate came in at 92.4 toppings the forecasts of 90.5 in February.

Germany IFO Business Climate registered in at 92.4 above the expectations of 90.5 in February.

2-19-2021

Bitcoin Hits Fresh Record High at $53870! Market Value Tops $1Trillion

Canada Retail Sales (MoM) came in at -3.4% below the expectations (-2.5%) in December

Binance has temporarily suspended withdrawals of ETH and Ethereum-based tokens in order to address a congestion issue

BoE’s Vlieghe: Negative Interest Rates Could Be Needed Later This Year Or Into Next Year

British court rules Uber drivers are workers and not self-employed

Copper Price Hits 9-year Highs

Copper Price Hits 9-year Highs

Copper price hits 9-year highs amid strong demand for manufactured goods and China’s strong economic rebound after the coronavirus health crisis. The first-month futures contracts in COMEX is trading at $3.9635 having early today as high as $3.9750, a price that we haven’t seen since February 2012. Copper hit $4.65 per pound, the all-time high, back in February 2011.

In London Metal Exchange the three-month copper futures trading today at 8632 per tonne.

Copper price ended in 2020 with over 22% gains, while now Copper is on track for it’s 11th straight monthly gains, while is 8.8% higher since the start of the year. The gains since the March 2020 lows are now up to 98%. Many analysts believe that the rally is just the start of a super-cycle in metals as the demand for the base metals from renewable energy projects is growing.

The main factors that drive the recent rally are the weak U.S. dollar the rising inflation expectations in the USA and below-average stock levels. Excess demand from China and South Korea also boosts the copper price.

Goldman Raised the Copper Price Target

Goldman Sachs has raised the copper target price in the next 12-months to $10.500 per metric ton as the big deficit on copper scarcity expects to rise amid increased demand. Goldman also set the 3-month price target at $9.200 per metric ton and the 9-month target at $9.800.

Goldman expects that copper price will average at $8,625 in 2021, and an average of $9,175 in 2022.

Copper Technical Analysis

The Copper price is 1.60% higher at 3.9630 having hit the daily high which is also an all-time high at 3.9750. The trend is clearly bullish for the industrial metal and higher levels are on the cards. A warning signal for bulls is that the copper price has reached an overbought level as the RSI 14 hovers today above the 78 mark, while on the weekly chart the RSI is at 76.87 just below the all-time high that the RSI reached back in December 2020.

First miner resistance for the copper stands at 3.9895 the high from February 6, 2012. More selling pressure would emerge at 4.0245 the top from September 11, 2011. The most critical point is the top from August 29, 2011, at 4.2055 which if breached might push the price up to all-time highs.

On the other hand, support for copper price would be met at 3.8855 the daily low. A close below might test 3.7940 the low from yesterday trading session. A close below 3.7210 might cancel the recent rally and might push the price towards 3.6240 the 50-day moving average.