Friday Afternoon Analyst Upgrades and Downgrades: Carnival, Duke Energy, Petco Health and More

Investing

Published: August 6, 2021 12:44 pm

With the trading day more than halfway over, the broad markets were somewhat mixed. Although the Nasdaq was lower on the day, both the Dow Jones industrial average and S&P 500 each set new all-time highs in the session. This came after a resoundingly positive July employment report in which payrolls grew more than expected, easing many investor concerns.

24/7 Wall St. is reviewing some big analyst calls seen on Friday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Friday that included BP, Expedia, FireEye, Moderna, Viacom and more.

American Water Works Co. Inc. (NYSE: AWK): Argus upgraded the stock to a Buy rating from Hold and has a $205 price target. Shares traded near $179 on Friday, in a 52-week range of $131.01 to $180.42. The consensus price target is $165.71.

Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR): Chardan Capital Markets reiterated a Buy rating but lowered the price target to $94 from $97. Shares traded near $67 on Friday, in a 52-week range of $32.86 to $93.66.

Carnival Corp. (NYSE: CCL): Citigroup reiterated a Buy rating and raised the price target to $34 from $30. The stock was trading at around $23 a share on Friday, in a 52-week range of $12.11 to $31.52.

Duke Energy Corp. (NYSE: DUK): Vertical Research’s downgrade was to Hold from Buy. The stock was changing hands near $108 a share on Friday, in a 52-week range of $78.95 to $108.06.

Okta Inc. (NASDAQ: OKTA): Wolfe Research initiated coverage with an Outperform rating and a $295 price target. The stock traded near $241 on Friday, in a 52-week range of $185.05 to $294.00.

Petco Health and Wellness Co. Inc. (NASDAQ: WOOF): Jefferies initiated coverage with a Buy rating and a $24 price target. The stock traded near $198 on Friday, in a 52-week range of $112.03 to $201.68. Its consensus price target is $208.26.

Zscaler Inc. (NASDAQ: ZS): Wolfe Research initiated coverage with an Outperform rating and a $285 price target. The stock was trading at around $241 a share on Friday, in a 52-week range of $116.88 to $249.71.

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