Investing
Monday Afternoon Analyst Upgrades and Downgrades: BP, Micron Technology, Regions Financial, Tesla and More
Published:
The broad markets edged higher on Monday afternoon, with a strong push from the tech sector. West Texas Intermediate crude prices briefly topped $85 a barrel in the session, the highest oil has been in the past seven years. The S&P 500 also hit a new record high on Monday, while the Dow Jones industrial average was holding just below record levels.
24/7 Wall St. is reviewing some big analyst calls seen on Monday. 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 Carnival, Las Vegas Sands, Norwegian Cruise Line, Paysafe, and Whirlpool.
BP PLC (NYSE: BP): TD Securities initiated coverage with a Hold rating and a $31 price target. The 52-week range is $14.74 to $30.29, and the share price is roughly $30.
Casper Sleep Inc. (NYSE: CSPR): Wedbush downgraded the stock to a Neutral rating from Outperform. Shares were trading near $4 on Monday, and the consensus price target is $8.50.
MercadoLibre Inc. (NASDAQ: MELI): Scotiabank upgraded it to an Outperform rating from Sector Perform and has a $2,100 price target. Shares were trading near $1,544 on Monday, and the consensus target price is $2,093.35.
Micron Technology Inc. (NASDAQ: MU): Bernstein started coverage with an Underperform rating and a $58 price target. The 52-week trading range is $49.30 to $96.96, and the share price is near $69.
Regions Financial Corp. (NYSE: RF): Wedbush’s upgrade was to Neutral from Outperform. Shares were trading around $24, above the consensus price target of $23.35.
Stratasys Ltd. (NASDAQ: SSYS): Craig Hallum’s upgrade to Buy from Hold included a price target hike to $42 from $27. Shares were trading around $31, in a 52-week range of $12.48 to $56.95.
Tesla Inc. (NASDAQ: TSLA): Morgan Stanley reiterated an Overweight rating and raised the price target to $1,200 from $900. Shares were trading near $972 on Monday, and the analysts’ consensus target price is $732.87.
Wix.com Ltd. (NASDAQ: WIX): Berenberg started coverage with a Buy rating and a $251 price target. The 52-week trading range is $171.37 to $362.07, and the share price is near $263.44.
24/7 Wall St.With crude oil at $85 a barrel, 24/7 Wall St. screened the best dividend-paying energy stocks rated Buy at major Wall Street firms and found four that look cheap and have some serious upside potential.
AbbVie, Visa and three other blue chips are expected to raise dividends this week.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
