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Tuesday's Top Analyst Upgrades and Downgrades: Dollar Tree, Plains All American, Simon Property, SoFi, Square, Synchrony, Tyson Foods, US Bancorp, Zoom Video and More
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The futures traded lower across the board on Tuesday, the final trading day for November, after the markets bounced back from the shellacking of last Friday. The Nasdaq saw the biggest gains on Monday, while both the Dow Jones industrials and the S&P 500 closed higher as well. The chatter across Wall Street and in the financial media is still focused on the Omicron variant and the potential for restrictions and lockdowns, even though some believe Omicron symptoms may be milder than other variants. In addition, existing vaccines are still expected to provide some protection, and it appears they can be tweaked to account for the new strain.
Top strategists across Wall Street remain focused on the potential for rising interest rates, quantitative easing tapering, big increases in energy costs and other inflation issues, and the ongoing supply chain issues and stagflation worries. Toss in the very pressing debt ceiling issue and the ongoing China concerns, and there is still plenty of potential for volatility into the end of the year.
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.
These are the top analyst upgrades, downgrades and initiations seen on Tuesday, November 30, 2021.
Blackstone Mortgage Trust Inc. (NYSE: BXMT): Keefe Bruyette upgraded the shares to Outperform from Market Perform and has a $34 price target. The Wall Street consensus target is $34.29. The final trade for Monday came in at $30.73 a share.
Burlington Stores Inc. (NYSE: BURL): Citigroup raised its Neutral rating on the popular retailer to Buy. The shares have traded between $217.38 and $357.34 over the past year and have a $350.58 consensus target. The stock was last seen at $293.37 on Monday.
Copa Holdings S.A. (NYSE: CPA): Raymond James upgraded the shares to Strong Buy from Outperform and has a $110 price objective. The consensus target for the company is $101.24. The last Monday trade was reported at $72.26.
Fluence Energy Inc. (NASDAQ: FLNC): Goldman Sachs began coverage with a Buy rating and has a $52 price target. The consensus target is $48.67. The stock closed on Monday at $34.08.
FMC Corp. (NYSE: FMC): BofA Securities upgraded the stock to Buy from Neutral and boosted the price objective to $125 from $112. The consensus price target is $121.61. The final trade Monday was reported at $103.54.
Full House Resorts Inc. (NASDAQ: FLL): Roth Capital resumed coverage with a Buy rating and a $16 price target. The consensus target is $14. The shares ended trading at $9.72 on Monday.
Krystal Biotech Inc. (NASDAQ: KRYS): Goldman Sachs maintained a Buy rating on the shares and lifted the price target to $125 from $85. The posted consensus target is $96.29. Monday’s final trade came in at $88.24. The stock was up a stunning 120% for the day after the company announced the first gene therapy that can be applied to the skin was able to heal the blistering wounds endured by children with a structural skin deficiency.
HeadHunter Group PLC (NASDAQ: HHR): UBS raised its Neutral rating to Buy with a $66 price target. The consensus target is $60.14, and the last Monday trade came in at $53.76, which was up almost 4% for the day.
Hudson Pacific Properties Inc. (NYSE: HPP): Piper Sandler downgraded the shares from Overweight to Neutral and slashed the $38 target price to $28. The consensus target is $30.71. The stock retreated almost 3% on Monday to close at $24.70 a share.
Saia Inc. (NASDAQ: SAIA): Deutsche Bank downgraded the trucking giant to Hold from Buy and trimmed the target price to $363 from $366. That compares with the lower $325.15 consensus and the final print on Monday of $335.09 a share.
Simon Property Group Inc. (NYSE: SPG): Stifel reiterated a Buy rating on the real estate giant and boosted the price target to $180 from $161.50. The $166.75 consensus target also compares to Monday’s closing share price of $159.94.
SoFi Technologies Inc. (NASDAQ: SOFI): Keefe Bruyette started coverage with a Market Perform rating and a $21 price target. The consensus target is up at $25.21, but the stock was last seen on Monday at $18.43.
Square Inc. (NYSE: SQ): BofA Securities raised its Underperform rating to Neutral and lifted the target price to $221 from $210. The much higher $294.81 consensus target is well above Monday’s closing price of $212.87 per share.
Surgery Partners Inc. (NASDAQ: SGRY): Stifel upgraded the stock from Hold to Buy with a $51 price target. The consensus target is up at $60.89. The stock popped 4% on Monday and closed at $45.48.
Synchrony Financial (NYSE: SYF): Piper Sandler started coverage with a Neutral rating and a $52 price target. The consensus target is $58.63. The stock closed on Monday at $47.12.
Tyson Foods Inc. (NYSE: TSN): Zacks named this as its Bull of the Day stock. The analyst recommended that investors not be chicken with this stock as we head into 2022. The shares most recently closed at $81.88 and have a consensus price target of $90.33, which would be a new 52-week high.
U.S. Bancorp (NYSE: USB): Stephens downgraded the bank to Equal Weight from Overweight and cut the price target to $63 from $68. The consensus target is $66.72. The last trade for Monday was reported at $57.40 a share.
Zoom Video Communications Inc. (NASDAQ: ZM): Daiwa Securities upgraded the shares to Underperform from Sell and has a $207 price target. The consensus target is much higher at $331.54. The stock closed Monday at $218.98.
Monday’s meme stock movers included Camber Energy and Progenity. Cathie Wood’s ARK Invest continues to buy into Robinhood Markets.
Monday’s early top analyst upgrades and downgrades included Affirm, BlackRock, Deere, Dick’s Sporting Goods, Dollar Tree, Intercontinental Exchange, Mastercard, Merck, Nordstrom, Petrobras and Pure Storage. Analyst calls seen later in the day were on Canadian Pacific, TJX, UPS, Wells Fargo and more.
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