Various

Analyst Upgrades and Downgrades For the Week of March 11th

Today, Nvidia posted its largest single-day loss since October of 2022. In the midst of the chaos, the Nvidia whale stepped in to buy the dip.

By Justin Nugent · March 11, 2024

Analyst Upgrades and Downgrades For the Week of March 11th

Friday, March 15th:

INITIATES:

VIPS Deutsche Bank Initiates VIPS with Buy, price target: $24
TKO Tier1 firm Initiates TKO with Buy, price target: $100
EXPD Tier1 firm Initiates EXPD with Neutral, price target: $126
AQMS Benchmark Company Initiates AQMS with Speculative Buy, price target: $2
ANIP Capital One Securities Initiates ANIP with Overweight, price target: $80
PWFL Craig-Hallum Initiates PWFL with Buy, price target: $9

RAISES:

PBF Tier1 firm Raised PBF to Buy from Neutral, price target: $74 from $52
VLO Tier1 firm Raised VLO to Buy from Neutral, price target: $210 from $156
DINO Tier1 firm Raised DINO to Buy from Neutral, price target: $78 from $62
DG Telsey Advisory Group Raised DG to Outperform from Market Perform, price target: $170
THO CitiGroup Raised THO to Buy from Neutral, price target: $122
DASH Piper Sandler Raised DASH to Neutral from Underweight, price target: $127

CUTS:

MKL Hearing Janney Cuts MKL to Neutral from Buy, price target: $1,600
IMRX Jefferies Cuts IMRX to Hold from Buy, price target: $3 from $16
DFS Seaport Global Securities Cuts DFS to Neutral from Buy

REITERATES:

DG Loop Capital Reiterates DG with Hold, price target: $150 from $135
PD Tier1 firm Reiterates PD with Buy, price target: $28
BBW DA Davidson Reiterates BBW with Buy, price target: $40
RUN RBC Reiterates RUN with Outperform, price target: $15 from $17

Thursday, March 14th:

INITIATES:

STLA Piper/Sandler Initiates STLA with Overweight, price target: $39
MBLY Piper/Sandler Initiates MBLY with Neutral, price target: $31
GM Piper/Sandler Initiates GM with Neutral, price target: $44
F Piper/Sandler Initiates F with Neutral, price target: $13
BWA Piper/Sandler Initiates BWA with Overweight, price target: $43
RNA Cantor Fitzgerald Initiates RNA with Overweight, price target: $60
HOOD Bernstein Initiates HOOD with Outperform, price target: $30
J Truist Initiates J with Hold, price target: $154

RAISES:

DKS Boutique Firm Raised DKS to Buy from Hold, price target: $235
MRO Argus Raised MRO to Buy from Hold, price target: $31
ORCL Hearing Argus Raised ORCL to Buy from Hold, price target: $145
JACK Wedbush, Inc. Raised JACK to Outperform from Neutral, price target: $88

CUTS:

IMRX TD Cowen Cuts IMRX to Market Perform from Outperform
SPRB Guggenheim Securities Cuts SPRB to Neutral from Buy
UA Evercore ISI Institutional Equities Cuts UA to Underperform from In Line, price target: $7
UGI Wells Fargo Cuts UGI to Equal Weight from Overweight, price target: $28

REITERATES:

IBM Tier1 firm Reiterates IBM with Buy, price target: $220
WSM Wells Fargo Reiterates WSM with Equal Weight, price target: $290
MIRM JMP Securities Reiterates MIRM with Market Outperform, price target: $72
AAPL Tier1 firm Reiterates AAPL with Buy, price target: $225
LULU CitiGroup Reiterates LULU with Buy, price target: $520
GOOG Barclays Reiterates GOOG with Overweight, price target: $173
BA Barclays Reiterates BA with Equal Weight, price target: $235

We’re moving this section to a website-hosted page to help make the daily Rebel Roundup email feel a little bit less like you’re looking at a transcript of an encyclopedia (dumb joke — I’m saying it’s a long email). I’ll be updating this post each day with the newest upgrades and downgrades sorted by day of the week, so be sure to check back each day!

Wednesday, March 13:

INITIATES:

HOOD Bernstein Initiates HOOD with Outperform, price target: $30
AMKR Boutique Firm Initiates AMKR with Equal Weight
ITW Truist Initiates ITW with Buy, price target: $303
ZBRA Truist Initiates ZBRA with Hold, price target: $300
CGNX Truist Initiates CGNX with Buy, price target: $47
AME Truist Initiates AME with Buy, price target: $210
MTZ Truist Initiates MTZ with Hold, price target: $96
LQDA Jefferies Initiates LQDA with Buy, price target: $25
PH Truist Initiates PH with Buy, price target: $602
TEX Truist Initiates TEX with Buy, price target: $73
PWR Truist Initiates PWR with Buy, price target: $301
J Truist Initiates J with Hold, price target: $154
OSK Truist Initiates OSK with Hold, price target: $121
URI Truist Initiates URI with Buy, price target: $793
AGCO Truist Initiates AGCO with Buy, price target: $142
CAT Truist Initiates CAT with Buy, price target: $390
DE Truist Initiates DE with Buy, price target: $494

RAISED:

SMCI BofA Securities raises target price to $1,280 from $1,040
LUV Jefferies Raised LUV to Hold from Underperform, price target: $28
OCUL H.C. Wainright Reiterates OCUL with Buy, price target: $15
EVRG Tier1 firm Raised EVRG to Buy from Neutral, price target: $57
COO JPMorgan Chase and Co Raised COO to Overweight from Neutral, price target: $120
LUV Janney Raised LUV to Neutral from Sell, price target: $28
TXRH Baird Raised TXRH to Outperform from Neutral, price target: $175
TPH RBC Raised TPH to Outperform from Sector Perform, price target: $38
NUE CitiGroup Raised NUE to Buy from Neutral, price target: $240
BZ New Street Research Raised BZ to Buy from Neutral, price target: $25

CUTS:

SURG Maxim Cuts SURG to Hold from Buy
HUM Argus Cuts HUM to Hold from Buy
IHG Jefferies Cuts IHG to Hold from Buy
SWIM Tier1 firm Cuts SWIM to Underperform from Buy, price target: $2.60
BRO Tier1 firm Cuts BRO to Underperform from Neutral, price target: $86
FIS Baird Cuts FIS to Neutral from Outperform, price target: $78
CLF CitiGroup Cuts CLF to Neutral from Buy, price target: $22
MP Morgan Stanley Cuts MP to Equal Weight from Overweight, price target: $15.50
EQT Mizuho Securities Cuts EQT to Neutral from Buy, price target: $39
TSLA Wells Fargo Cuts TSLA to Underweight from Equal Weight; price target: $125 from $200

REITERATES:

AZO Tier1 firm Reiterates AZO with Neutral, price target: $3,220
WMT Tier1 firm Reiterates WMT with Buy, price target: $67
BJ Tier1 firm Reiterates BJ with Buy, price target: $90
CRNX Jefferies Reiterates CRNX with Hold, price target: $40
EFX Tier1 firm Reiterates EFX with Buy, price target: $300
NVDA Tier1 firm Reiterates NVDA with Buy, price target: $1,100 from $925

Tuesday, March 12th:

RAISES:

MSTR Canaccord Genuity raises MSTR price target to $1,810 from $975
NICE DA Davidson raised NICE to Buy from Neutral, price target: $300
LUV Argus Raised LUV to Buy from Hold, price target: $40

INITIATES:

GES Boutique Firm Initiates GES with Hold, price target: $28
TBBB Scotia Howard Weil Initiates TBBB with Sector Outperform, price target: $33
DXCM RBC Initiates DXCM with Outperform, price target: $165
PNR Exane BNP Paribas Initiates PNR with Neutral, price target: $86
XYL Exane BNP Paribas Initiates XYL with Outperform, price target: $150
IR Exane BNP Paribas Initiates IR with Neutral, price target: $92
ZWS Exane BNP Paribas Initiates ZWS with Outperform, price target: $40
VLTO Exane BNP Paribas Initiates VLTO with Outperform, price target: $103
NYT CitiGroup Initiates NYT with Buy, price target: $52
ZVRA William Blair Initiates ZVRA with Outperform
CENT Canaccord Genuity Initiates CENT with Buy, price target: $52
INAB Boutique Firm Initiates INAB with Buy, price target: $5
LEGN Raymond James Initiates LEGN with Outperform, price target: $86
FDX Boutique Firm Initiates FDX with Buy

CUTS:

ACAD Mizuho Securities Cuts ACAD to Neutral from Buy, price target: $25
NGM Raymond James Cuts NGM to Market Perform from Outperform
BVN Morgan Stanley Cuts BVN to Equal Weight from Overweight, price target: $16.30
TKNO BTIG Cuts TKNO to Neutral from Buy
RACE Center for Financial Research & Analysis Cuts RACE to Hold from Buy, price target: $425
STT Center for Financial Research & Analysis Cuts STT to Sell from Hold, price target: $78

REITERATES:

MNSO Tier1 firm Reiterates MNSO with Buy, price target: $29
OLP Colliers Securities Reiterates OLP with Neutral, price target: $23
CMG Wolfe Research Reiterates CMG with Outperform, price target: $2,850
ARMK Tier1 firm Reiterates ARMK with Buy, price target: $34
COR Tier1 firm Reiterates COR with Buy, price target: $256
NX Benchmark Company Reiterates NX with Buy, price target: $38
LEG Piper Sandler Reiterates LEG with Underweight, price target: $16
NAMS Jefferies Reiterates NAMS with Buy, price target: $35
CVNA Jefferies Reiterates CVNA with Hold, price target: $85
TKO Jefferies Reiterates TKO with Buy, price target: $120
ORCL CitiGroup Reiterates ORCL with Neutral, price target: $120
ORCL Barclays Reiterates ORCL with Overweight, price target: $147
S Barclays Reiterates S with Equal Weight, price target: $27

Monday, March 11th:

REITERATES:

AAPL Tier1 firm Reiterates AAPL with Buy, price target: $225
AAPL Barclays Reiterates AAPL with Underweight, price target: $156
BA Barclays Reiterates BA with Equal Weight, price target: $235
BA Tier1 firm Reiterates BA with Neutral, price target: $225
MRNA Jefferies Reiterates MRNA with Buy, price target: $115
CHKP Tier1 firm Reiterates CHKP with Buy, price target: $185
XOMA H.C. Wainright Reiterates XOMA with Buy, price target: $74
ATNM H.C. Wainright Reiterates ATNM with Buy, price target: $50
VTYX Jefferies Reiterates VTYX with Buy, price target: $15
BOX JMP Securities Reiterates BOX with Market Outperform, price target: $32
AQN Scotia Howard Weil Reiterates AQN with Sector Outperform, price target: $7.50
S Wells Fargo Reiterates S with Equal Weight, price target: $28
DOCU CitiGroup Reiterates DOCU with Buy, price target: $93
AVGO CitiGroup Reiterates AVGO with Buy, price target: $1,560- price target raised to $1,560 from $1,100
METC Benchmark Company Reiterates METC with Buy, price target: $24
BBIO Cantor Fitzgerald Reiterates BBIO with Overweight, price target: $60
FNKO DA Davidson Reiterates FNKO with Buy, price target: $10.50
CYBR Oppenheimer Reiterates CYBR with Outperform, price target: $310
FTRE Tier1 firm Maintains FTRE with Underperform, price target: $29
MUR Keybanc/Pacific Crest Reiterates MUR with Overweight, price target: $50
SYF JMP Securities Reiterates SYF with Market Outperform, price target: $49- price target raised to $49 from $42
ATLC JMP Securities Reiterates ATLC with Market Outperform, price target: $39- price target raised to $39 from $37
KO Evercore ISI Institutional Equities Reiterates KO with Outperform, price target: $67
DUK BMO Capital Markets Reiterates DUK with Outperform, price target: $101
FTRE Tier1 firm Maintains FTRE with Underperform, price target: $29
COIN Barclays Maintains COIN with Underweight, price target: $146
CAT Tier1 firm Reiterates CAT with Buy, price target: $363
NFLX Oppenheimer Maintains NFLX with Outperform, price target: $725 from $615
GE Tier1 firm Reiterates GE with Buy, price target: $175
CRM CitiGroup Reiterates CRM with Neutral, price target: $339 from $325
Barclays Reiterates MDB with Overweight, price target: $458 from $478

INITIATES

RGNX H.C. Wainright Initiates RGNX with Buy, price target: $36
TJX President Capital Initiates TJX with Buy, price target: $110
SAIA JPMorgan Chase and Co Initiates SAIA with Overweight, price target: $676
DIS Boutique Firm Initiates DIS with Buy, price target: $142
RVMD Piper Sandler Initiates RVMD with Overweight, price target: $43
DUOL JPMorgan Chase and Co Initiates DUOL with Overweight, price target: $270
ARCB JPMorgan Chase and Co Initiates ARCB with Overweight, price target: $168
ODFL JPMorgan Chase and Co Initiates ODFL with Neutral, price target: $465
HUBB Deutsche Bank Initiates HUBB with Hold, price target: $427
NVT Deutsche Bank Initiates NVT with Buy, price target: $83

CUTS

PDD Goldman Sachs Cuts PDD to Neutral from Buy, price target: $136
MRK Societe Generale Cuts MRK to Sell from Hold, price target: $10
BMY Societe Generale Cuts BMY to Hold from Buy, price target: $51
AEP UBS Cuts AEP to Sell from Neutral, price target: $83
AMLX Baird Cuts AMLX to Neutral from Outperform, price target: $4
H Morgan Stanley Cuts H to Equal Weight from Overweight, price target: $156

RAISES

FL UBS Raised FL to Neutral from Sell, price target: $23
PDD Jefferies Raised PDD to Buy from Hold, price target: $157
XEL Barclays Raised XEL to Overweight from Equal Weight, price target: $54
Wolfe Research Raised XEL to Outperform from Peer Perform, price target: $58
PNW UBS Raised PNW to Neutral from Sell, price target: $71
FRPT Truist Raised FRPT to Buy from Hold, price target: $135
PG Truist Raised PG to Buy from Hold, price target: $175
STAA Stifel Nicolaus Raised STAA to Buy from Hold, price target: $50