The futures started lower then headed higher, as we get ready to end the trading week after a dreadful risk-off day across Wall Street. The consumer price index (CPI) results for December and the trailing 12 months both came in hotter than expected. The buy-the-dip crowd tried to rally and counter the massive selling pressure early in the day, but to no avail, as all the major indexes closed deeply in the red. Technology took a massive hit, as interest rates across the board went higher. The 10-year Treasury hit its highest yield since 2019, pushing through the 2% level as there was intense selling across the curve.
The hotter CPI report is likely to reignite speculation that the Federal Reserve will make the first increase in the federal funds a 50 basis point, or one-half one percent, as opposed to the expected 25 basis point increase. It already has been announced the rate increases will begin in March.
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.
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These are the top analyst upgrades, downgrades and initiations seen on Friday, February 11, 2022.
Agnico-Eagle Mines Ltd. (NYSE: AEM | AEM Price Prediction): BMO Capital Markets resumed coverage of the gold and silver mining giant. The shares have traded in a 52-week range of $45.41 to $74.50 and have a huge $92.60 consensus price target. The stock closed trading on Thursday at $47.19, which was down almost 5% for the day.
Brunswick Corp. (NYSE: BC): Citigroup initiated coverage with a Buy rating and a $118 target price. The consensus target is $121. The stock closed trading at $94.63 on Thursday.
Cogent Communications Holdings Inc. (NASDAQ: CCOI): JPMorgan upgraded the shares to Overweight from Neutral and has an $82 price target. The consensus target is $76.36. The stock closed on Thursday at $66.31.
Compass Minerals International Inc. (NYSE: CMP): JPMorgan downgraded the stock to Underweight from Neutral and lowered the price target to $52 from $57. The consensus target is $65.14. Thursday’s closing share price of $51.13 was down close to 4% on the day.
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Crown Holdings Inc. (NYSE: CCK): BMO Capital Markets raised the stock to Outperform from Market Perform and moved the price target up to $140 from $110. The consensus target is set at $135.81. The last trade for Thursday was reported at $115.43.
Datadog Inc. (NASDAQ: DDOG): KeyBanc Capital Markets raised its Sector Weight rating to Overweight with a $210 price objective. The consensus target is $210.27. Thursday’s final trade hit the tape at $174.60.
Fox Corp. (NASDAQ: FOXA): Morgan Stanley reiterated an Overweight rating on the broadcasting and media giant and bumped the $49 target price up to $50. Credit Suisse kept an Outperform rating and increased its target price to $50 from $48, while Goldman Sachs kept a Sell rating but lifted its price objective from $33 to $36. The consensus target is $45.88, and closing price on Thursday was $44.00 a share.
HeadHunter Group PLC (NASDAQ: HHR): Morgan Stanley upgraded the stock from Equal Weight to Overweight and has a $60 price objective. The consensus target is $65.03. The shares closed trading on Thursday at $48.64.
HubSpot Inc. (NYSE: HUBS): Cowen’s upgrade to Outperform from Market Perform included a target price hike to $750 from $600. The consensus target is $758.04. The final trade for Thursday was reported at $534.46. Shares were up almost 10% in the premarket after the company posted strong fourth-quarter earnings and revenue.
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Knowles Corp. (NYSE: KN): Colliers Securities raised its Neutral rating to Buy with a $25.50 target price. The consensus target is $27. The shares closed Thursday at $22.21, up almost 4% for the day.
MGM Resorts International (NYSE: MGM): Morgan Stanley kept an Equal Weight rating on the casino and gambling heavyweight, and it raised the $52 price target to $56. Stifel reiterated a Hold rating and pushed its target price to $55 from $52, while Wells Fargo maintained an Overweight rating but sliced the $62 target to $60. The consensus target is $54.68, and the $47.07 closing share price on Thursday was down 3% for the day.
Nautilus Inc. (NYSE: NLS): While Craig Hallum upgraded the stock to Buy from Hold, it also trimmed the target price to $9 from $10. The consensus target is up at $12.50. The stock was last seen on Thursday trading at $5.24, down almost 8% after posting disappointing results.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH): Citigroup downgraded the stock from Buy to Neutral with a $25 target price. The consensus target is $30.77, and the stock ended trading on Thursday at $22.63, down almost 5% after the company announced a massive $2.1 billion sale of debt for refinancing.
Paratek Pharmaceutical Inc. (NASDAQ: PRTK): WBB Securities raised the stock to Strong Buy from Buy and has an $11 target price. The consensus target is up at $21.50. The final trade for Thursday was reported at $3.99.
Peloton Interactive Inc. (NASDAQ: PTON): MKM Partners reiterated a Neutral rating on the shares but lifted the $30 target price to $35. The consensus target is $43.38, and shares closed at $37.36 Thursday, which was down over 3% for the day.
Polaris Industries Inc. (NYSE: PII): Citigroup started coverage with a Buy rating and a $157 target price. That compares with a $136.75 consensus target and Thursday’s closing print of $119.43.
Ross Stores Inc. (NASDAQ: ROST): Gordon Haskett downgraded shares of the very popular discount retailer to Hold from Accumulate and chopped the target price to $106 from $130. The consensus target is $133.65. The final trade on Thursday was reported at $96.57.
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Scorpio Tankers Inc. (NYSE: STNG): BofA Securities upgraded the stock to Neutral from Underperform and lifted the $13 price target to $15.50. The consensus target is up at $21.58. The shares were last seen up close to 4% on Thursday to $15.14.
Six Flags Entertainment Corp. (NYSE: SIX): Citigroup started coverage on the theme park giant with a Buy rating and a $54 target price. The consensus target is $53.80. Thursday’s final trade hit the tape at $45.17.
Sonic Automotive Inc. (NYSE: SAH): Zacks named this retailer its Bull of the Day stock. The analyst pointed out that this stock has moved lower of late, giving investors an excellent opportunity to buy the dip. Shares most recently closed at $48.35 and have a consensus price target of $70.29, which would be an all-time high.
Thor Industries Inc. (NYSE: THO): Citigroup initiated coverage with a Neutral rating and a $100 price objective. The consensus target is higher at $137.43, and the stock ended trading on Thursday at $95.70 after retreating almost 4% for the day.
TTM Technologies Inc. (NASDAQ: TTMI): Truist Securities downgraded the stock to Buy from Hold and dropped the target price to $14 from $16. The consensus target is $17.79. The shares were last seen on Thursday at $11.75, down a stunning 18% despite posting earnings that surpassed estimates.
Twilio Inc. (NYSE: TWLO): BTIG Research reiterated a Buy rating and raised the price target to $270 from $260. Wolfe Research keeps an Outperform rating and lifted the price target to $300 from $290. BofA Securities maintained a Buy rating and pushed its target price to $290 from $250, while Mizuho reiterated a Buy rating and the $250 target price went to $290. The stock was a rare winner Thursday, closing at $205.91 up almost 2% after the company blew out fourth-quarter revenue way past analyst estimates.
Williams-Sonoma Inc. (NYSE: WSM): Gordon Haskett lifted its Hold rating to Accumulate but trimmed the target price on the upscale retailer to $200 from $205. The $188.50 consensus target is closer to Thursday’s final print of $158.01.
Yum China Holdings Inc. (NYSE: YUMC): Zacks selected this as its Bear of the Day, suggesting that American fast food in China not ringing the register. The stock has traded as high as $69.67 in the past year but closed on Thursday at $50.16, which is about 9% lower than 90 days ago.
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Thursday’s early top analyst upgrades and downgrades included Advanced Micro Devices, Amgen, Chipotle Mexican Grill, DuPont, Lyft, MGM Resorts, Newmont, Omnicom, Progressive, TPG and Winnebago. Analyst calls seen later in the day were on American Express, Lowe’s, Uber, Walt Disney and more.
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