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Tuesday's Top Analyst Upgrades and Downgrades: Deere, Grab, Nike, Palo Alto Networks, Plug Power, Schlumberger, UBS, VMware and More
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The futures were lower across the board Tuesday, after an incredibly wild and volatile Monday in which all the major indexes were hammered before rallying to close up in the last hour of trading. The threat of higher interest rates clearly was one of the leading instigating factors, with some Wall Street pundits now saying that the Federal Reserve may raise rates as many as six times this year instead of four.
In addition, 100,000 Russian troops massed near the border of Ukraine and President Biden threatening to send U.S. troops over to Eastern Europe really may have triggered the binge selling. Still, the markets closed higher after days of heavy selling.
24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding fresh 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, January 25, 2022.
Ballard Power Systems Inc. (NASDAQ: BLDP): Truist Securities kept a Hold rating on the shares while lowering the price target to $13 from $18. The consensus target is much higher at $22.71. The stock closed Monday at $9.80.
CACI International Inc. (NYSE: CACI): Barclays resumed coverage with an Overweight rating. The shares have traded in a 52-week range of $215.18 to $290.71 and have a $316.56 consensus price objective. The closing share price on Monday was $272.31.
CF Industries Holdings Inc. (NYSE: CF): RBC Capital Markets reiterated a Neutral rating but moved the $73 target price on the shares to $75. The consensus target is $72.58. The last trade on Monday was reported at $68.36.
Colliers International Group Inc. (NASDAQ: CIGI): Raymond James upgraded the stock to Strong Buy from Outperform and raised the price objective to $180 from $160. That compares with the $159.83 consensus target and Monday’s closing print of $139.21.
CyberArk Ltd. (NASDAQ: CYBR): Citigroup started coverage with a Buy rating and a $180 target price. The higher consensus target is $216.76, and Monday’s closing trade was at $140.29 a share.
Deere & Co. (NYSE: DE): Oppenheimer reiterated an Outperform rating on the industrial giant and boosted the $395 price target to $425. The consensus target is $409.62. The final trade on Monday came in at $364.03.
Dun & Bradstreet Holdings Inc. (NYSE: DNB): Barclays downgraded the shares to Equal Weight from Overweight and have a $22 target price. The consensus target is $26.18. Monday’s final trade was posted at $20.19.
First Hawaiian Inc. (NASDAQ: FHB): Compass Point downgraded the bank from Buy to Neutral with a $29 price target. The consensus target is $29.86. The shares closed trading on Monday at $28.68.
FirstService Corp. (NASDAQ: FSV): Raymond James upgraded the shares to Outperform from Market Perform and bumped the target price to $200 from $195. The consensus target is $191.50. The stock closed on Monday at $156.87.
Grab Holdings Ltd. (NASDAQ: GRAB): Morgan Stanley started coverage with an Overweight rating and an $8.40 target price. The consensus target is $8.82. The shares closed trading Monday at $5.56.
Infinera Corp. (NASDAQ: INFN): B. Riley Securities upgraded the stock to Buy from Neutral and lifted the $10 target price to $11.50. The consensus target is $10.35. The stock closed Monday at $8.58, which was up close to 8% for the day.
Nike Inc. (NYSE: NKE): Wells Fargo raised shares of the athletic apparel and shoe powerhouse to Overweight from Equal Weight and has a $175 target price. The consensus price objective is higher at $183.77. The stock was last seen on Monday at $146.00.
Palo Alto Networks Inc. (NASDAQ: PANW): Citigroup started coverage with a Buy rating and a $585 target price. The consensus target for the cybersecurity giant is up at $615.86. The stock closed Monday at $504.21.
PC Connection Inc. (NASDAQ: CNXN): Sidoti upgraded the shares from Neutral to Buy with a $55 price target. The consensus target is also $55. The stock closed at $43.74 on Monday, which was up 5% for the day.
Plug Power Inc. (NASDAQ: PLUG): Truist Securities reiterated a Hold rating and slashed the target price to $27 from $44. The consensus target is $47.51. The stock closed Monday at $20.70.
Saia Inc. (NASDAQ: SAIA): Deutsche Bank raised its Hold rating on trucking heavyweight to Buy with a $363 target price. The consensus target is $337.33. The final trade on Monday came in at $295.83, up close to 9% on the day.
Schlumberger Ltd. (NYSE: SLB): Morgan Stanley reiterated an Overweight rating on the global oilfield services giant and raised the price target to $43 from $40. BofA Securities kept its Buy rating and lifted the target price to $44 from $42. The company posted strong quarterly results last week, and shares closed at $36.60 on Monday.
Sunrun Inc. (NASDAQ: RUN): Truist Securities maintained a Buy rating on the stock but slashed the target price to $52 from $76. The consensus target is $66.18. The final trade on Monday was reported at $27.04, up over 4% on the day.
UBS AG (NYSE: UBS): Barclays upgraded the Swiss banking heavyweight to Equal Weight from Underweight. The shares have traded in a 52-week range of $14.32 to $19.78 and have an $18.56 consensus price objective. The stock closed trading on Monday at $18.47.
Victory Capital Holdings Inc. (NASDAQ: VCTR): BofA Securities resumed coverage on the stock with a Buy rating and a $44 target price. The consensus target is $46.50. The closing share price on Monday was $31.01.
VMware Inc. (NASDAQ: VMW): Citigroup downgraded the shares to Neutral from Buy and lowered the target price to $140. The consensus target is $150.56. The final trade for Monday was posted at $125.19.
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Monday’s early top analyst upgrades and downgrades included Aflac, Antero Resources, Arista Networks, Cloudflare, Cognizant Technology Solutions, Comcast, Devon Energy, Life Storage, Netflix, Oatly, Southwestern Energy, Snap, Twilio, VMware and Zscaler. Analyst calls seen later in the day were on Discover Financial, Fox, Newmont, Victoria’s Secret and more.
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