Investing
Monday's Top Analyst Upgrades and Downgrades: Chewy, Coca-Cola, GlaxoSmithKline, Micron Technology, SoFi, Teladoc, Twitter, Walmart and More
Published:
Last Updated:
The futures were mixed Monday, after the big Super Bowl win by the Los Angeles Rams. The stock market continued its downward spiral on Friday after yet another aborted rally attempt fell apart. Comments last week by St. Louis Federal Reserve President Bullard continue to haunt traders, as he supports a 100 basis point, or 1%, increase in the federal funds rate by July 1, with a 50 basis point increase in March. While other Fed members walked that back, reports indicate that the CME FedWatch tool feels there is a 77.3% chance of that happening, versus the 93.8% last Thursday.
Once again sellers have returned to the Treasury markets, as both the five-year and 10-year note yields posted 52-week highs, with the 10-year at the highest yield since late 2019. Oil prices also shot almost 5% higher Friday, as Canadian oil exports to the United States hit record levels. This after the United States became a net exporter of oil just a few years ago.
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 Monday, February 14, 2022.
Bunge Ltd. (NYSE: BG): BofA Securities upgraded the shares to Buy from Neutral and lifted the target price to $120 from $105. The stock was last seen on Friday trading at $101.69 a share.
Carpenter Technology Corp. (NYSE: CRS): JPMorgan raised its Neutral rating to Overweight, and its target price ticked up to $53 from $52. The consensus target is $43.25. The stock closed on Friday at $38.73, up almost 17% after posting incredible fiscal second-quarter results.
Chesapeake Energy Corp. (NASDAQ: CHK): JPMorgan started coverage with an Overweight rating and an $85 price objective. That compares with a much higher $98.82 consensus and Friday’s closing print of $69.15, which was up over 5% for the day.
Chewy Inc. (NYSE: CHWY): Zacks selected this as its Bear of the Day, suggesting that the road may be bumpy a little while longer for this online pet retailer. The stock has traded as high as $120.00 in the past year but closed on Thursday at $52.10, which is more than 16% lower year to date.
Cloudflare Inc (NYSE: NET): Stifel reiterated a Hold rating on the shares but lifted the price target to $128 from $113. Credit Suisse kept an Outperform rating and boosted the $140 target price to $150. Piper Sandler and Baird both maintained a Neutral rating, but Piper Sandler hiked its price target to $125 from $115 while Baird slashed its $210 target price to $130. The consensus target is $743.12, and Friday’s final trade was almost 10% lower for the day to $104.92, despite results that were in line with expectations.
Doximity Inc. (NYSE: DOCS): Goldman Sachs started coverage with a Buy rating and a $74 target. The consensus price objective is $67.18. The stock closed on Friday over 6% lower to $56.36, despite blowing out earnings results last week.
Enova International Inc. (NASDAQ: ENVA): Janney downgraded the stock to Neutral from Buy but nudged up the target price to $48 from $46. The consensus target is $50.20. The stock closed Friday at $44.83, down close to 4% on the day.
Fresenius Medical Care AG & Co. (NYSE: FMS): Jefferies downgraded the stock to Underperform from Neutral and trimmed the price target to $30.30 from $32.40. The consensus target is up at $38, and the shares were last seen Friday at $32.35, down almost 4% for the day.
GlaxoSmithKline PLC (NYSE: GSK): DZ Bank’s downgrade was to Hold from Buy. Over the past 52 weeks, the stock has traded in a range of $33.53 to $46.86, and it has a $48.38 consensus price objective. The last trade on Friday was reported at $44.30.
Ideanomics Inc. (NASDAQ: IDEX): Cantor Fitzgerald started coverage with an Overweight rating and a $3 target price. The consensus target is $5. The stock closed on Friday at $1.02 per share.
Macrogenics Inc. (NASDAQ: MGNX): BMO Capital Markets started coverage with an Outperform rating and a $31 price objective. The consensus target is $37.89. The closing share price on Friday was $10.71, after retreating almost 7% for the day.
MongoDB Inc. (NASDAQ: MDB): Tigress Financial started coverage with a Buy rating and a $630 price target. The consensus target is just $558.57. The last trade on Friday was reported at $427.17, which was down over 5% for the day.
Monolithic Power Systems Inc. (NASDAQ: MPWR): Needham upgraded the stock from Hold to Buy with a $530 price target. The consensus target is higher at $570.39. The shares were ended Friday trading at $424.29, up 4% after crushing estimates.
Morphic Holding Inc. (NASDAQ: MORF): BTIG Research started coverage with a Buy rating and a $64 price target. The consensus target is up at $88.75. The last trade on Friday came in at $41.87, down almost 5% for the day.
O’Reilly Automotive Inc. (NASDAQ: ORLY): Jefferies reiterated a Buy rating and lifted the target price to $765 from $740. BofA Securities kept a Neutral rating and hiked its $680target price to $700, while Truist Securities maintained a Buy rating and boosted the target for the popular auto parts retailer to $837 from $796. The consensus target is $743.12, and the last trade on Friday was at $668.28 per share.
SoFi Technologies Inc. (NASDAQ: SOFI): BofA Securities started coverage with a Buy rating and a $17 price target. The consensus target is $18.95. The stock closed on Friday at $12.40.
Teladoc Health Inc. (NYSE: TDOC): Goldman Sachs started coverage with a Buy rating and a $121 price objective. That compares with a higher $132.65 consensus target and Friday’s last print of $72.83.
Twitter Inc. (NYSE: TWTR): Barclays reiterated an Underweight rating and cut the price target on the social media giant to $34 from $64. Wedbush kept a Neutral rating and moved the target price down to $42 from $46. BofA Securities bucked the trend, keeping a Buy rating but also slashing the price objective on the company to $54 from $79. Baird maintained a Neutral rating and lowered its price objective to $46 from $80. The consensus target is $54.27, and Friday’s closing share price was $35.84, down close to 4% for the day.
Viad Corp. (NYSE: VVI): Sidoti’s downgrade was from Buy to Neutral with a $42 target price. The consensus target is $59.33. The stock was last seen on Friday at $337.10, down almost 7% after the company posted a fourth-quarter loss despite beating revenue estimates.
Walmart Inc. (NYSE: WMT): Exane BNP Paribas upgraded the retail giant from Underperform to Neutral with a $136 price target. The consensus target is $167.56. The shares closed at $135.33 on Friday.
Zillow Inc. (NASDAQ: ZG): Stifel reiterated a Hold rating on the online real estate stock but lifted the target price to $65 from $60. D.A. Davidson kept a Buy rating but slashed the $125 target price to $78, while RBC Capital Markets maintained an Outperform rating and sliced its target price 30% to $70. The consensus target is $77.47, and the final Friday trade was reported at $53.92, which was up close to 13% on the day.
Friday’s top analyst upgrades and downgrades included Agnico-Eagle Mines, Datadog, Fox, MGM Resorts, Norwegian Cruise Line, Peloton Interactive, Ross Stores, Twilio and Yum China.
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.