Investing
Thursday Afternoon Analyst Upgrades and Downgrades: Deere, NetApp, Petrobras, TJX and More
Published:
Markets rallied on Thursday after a solid first round of bank earnings came in much stronger than expected. At the same time, weekly jobless claims hit a low since the pandemic began. Overall, positive signs like these fed optimism among investors and hopes that a strong economic recovery is underway.
24/7 Wall St. is reviewing some big analyst calls seen on Wednesday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day were on AT&T, Bed Bath & Beyond, Caterpillar, UPS, Walmart and more.
Acadia Pharmaceuticals Inc. (NASDAQ: ACAD): Morgan Stanley downgraded the stock to an Equal Weight rating from Overweight and has a $20 price target. Shares were trading near $17 on Thursday, and the analysts’ consensus target price is $25.53.
Deere & Co. (NYSE: DE): Evercore ISI’s downgrade was to In-Line from Outperform. The 52-week trading range is $221.73 to $400.34, and the share price is near $330.
NetApp Inc. (NASDAQ: NTAP): Citigroup upgraded it to Buy from Sell. Shares were last seen trading around $92, near the consensus price target of $92.76.
Petroleo Brasilero S.A. (NYSE: PBR): HSBC Securities lowered its Buy rating to Hold with a $12 price target. The 52-week range is $6.15 to $12.38, and the share price is roughly $13.33.
Ring Energy Inc. (NYSE: REI): Roth Capital upgraded the shares to Buy from Neutral and has a $4.75 price target. Shares were last seen near $4 apiece. The consensus price target is $4.30.
TJX Companies Inc. (NYSE: TJX): Loop Capital downgraded it from Buy to Hold and cut the $80 price target to $65. Shares were trading near $64 on Thursday, and the consensus price target is $84.
Goldman Sachs continues to favor three telecom infrastructure stocks ahead of their earnings reports. Though the stocks have had a powerful run over the past few years, they have backed up nicely, offering long-term investors much better entry points.
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
