Investing

Monday Afternoon Analyst Upgrades and Downgrades: Marathon Oil, Micron Technology, Nike and More

Bet_Noire / Getty Images

Markets tumbled again to start out the week, with each of the major averages down 1% or more. The Nasdaq was getting the worst of it, posting a loss of more than 2% on the day. After last week’s loss, this is perhaps the worst start to the fiscal year in the past decade.

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 Airbnb, AT&T, Duke Energy, Etsy, IBM, Kohl’s, Nvidia, Starbucks and more.

Accenture PLC (NYSE: ACN): Goldman Sachs initiated coverage with a Neutral rating and a $446 price target. Shares were trading around $362 on Monday, and the 52-week range is $241.73 to $417.37.

Apria Inc. (NASDAQ: APR): Citigroup resumed coverage with a Buy rating and a $39 price target. The 52-week trading range is $20.07 to $40.00, and shares were last seen trading near $37.

Dell Technologies Inc. (NYSE: DELL): Bernstein upgraded the stock to Outperform from Market Perform and has a $72 price target. The 52-week range is $35.57 to $59.75, and shares were trading near $59 apiece.

Expedia Group Inc. (NASDAQ: EXPE): Piper Sandler upgraded the shares to Overweight from Neutral and raised the price target to $216 from $197. Shares were trading around $176 on Monday, and the consensus target price is $190.77.

F5 Inc. (NASDAQ: FFIV): Evercore ISI raised its In Line rating to Outperform rating and hiked its $240 price target to $275. Shares were trading around $235 on Thursday. The 52-week range is $174.34 to $249.00.

Hyatt Hotels Corp. (NYSE: H): BofA Securities upgraded it to Buy from Underperform and raised the price target to $110 from $85. The 52-week range is $65.44 to $99.00, and shares were trading near $94 apiece.

Hilton Worldwide Holdings Inc. (NYSE: HLT): Bernstein’s downgrade was from Outperform to Market Perform with a $161 price target. Shares were trading around $147 on Monday. The 52-week range is $98.57 to $159.21.

Marathon Oil Corp. (NYSE: MRO): BofA Securities downgraded it to Underperform from Neutral but raised the price target to $19 from $18. Shares were trading around $17 on Monday, and the consensus target price is $20.53.

Medtronic PLC (NYSE: MDT): BTIG Research’s downgrade was to Neutral from Buy. Shares were trading around $104 on Monday, and the consensus target price is $130.24.

Micron Technology Inc. (NASDAQ: MU): New Street initiated coverage with a Buy rating and a $135 price target. BofA Securities reiterated a Buy rating and raised its $100 price target to $118. The 52-week trading range is $65.67 to $98.45, and shares were last seen trading near $92.

Mohawk Industries Inc. (NYSE: MHK): Evercore ISI downgraded shares to In Line from Outperform, and the firm has a $195 price target. Shares were trading around $172 on Monday, and the consensus target price is $213.29.

Nike Inc. (NYSE: NKE): The HSBC Securities downgrade was to Hold from Buy, and the firm trimmed the $184 price target to $182. The 52-week range is $125.44 to $179.10, and shares were trading near $150 apiece.

Northrop Grumman Corp. (NYSE: NOC): Wells Fargo upgraded it to Equal Weight from Underweight. Shares were trading around $402 on Monday, and the consensus target price is $401.12.

Public Storage (NYSE: PSA): Jefferies upgraded the stock from Hold to Buy with a $433 price target. Shares were trading around $358 on Thursday. The 52-week range is $217.87 to $377.36.

Raymond James Financial Inc. (NYSE: RJF): JMP Securities reduced its Outperform rating to Market Perform. The 52-week range is $62.94 to $109.19, and shares were trading near $107 apiece.

SolarEdge Technologies Inc. (NASDAQ: SEDG): UBS upgraded it to Neutral from Sell and raised the price target to $280 from $250. Goldman Sachs reiterated a Buy rating and raised its price target to $448 from $420. Shares were trading around $243 on Monday. The 52-week range is $199.33 to $389.71.

Unity Software Inc. (NYSE: U): BTIG Research upgraded the shares to Buy from Neutral and has a $171 price target. Shares were trading around $116 on Monday, and the consensus target price is $173.76.

Zscaler Inc. (NASDAQ: ZS): The UBS upgrade was to Buy from Neutral, and the firm lowered the price target to $350 from $380. Shares were trading around $251 on Monday, and the consensus target price is $388.72.


It makes sense for investors now to rotate to value, especially mid-cap and large-cap plays that pay dependable dividends. Five top stocks are trading at very reasonable levels and are solid value plays in a market that looks poised to take a big hit.

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.