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Analyst Upgrades and Downgrades For the Week of March 25th

Analyst upgrades, downgrades, and more

By Justin Nugent · March 25, 2024
Analyst Upgrades and Downgrades For the Week of March 25th

Thursday, March 28th:

Cuts:

  • ROAD: Sidoti Cuts ROAD to Neutral from Buy, price target: $59
  • PEB: Compass Point Research Cuts PEB to Neutral from Buy, price target: $17
  • GLPG: Tier1 firm Cuts GLPG to Underperform from Neutral, price target: $31 from $41
  • MOH: Tier1 firm Cuts MOH to Underperform from Neutral, price target: $439

Reiterates:

Raises:

  • MRAI: Maxim Raised MRAI to Buy from Hold, price target: $6
  • LE: Craig-Hallum Raised LE to Buy from Hold, price target: $15
  • KMB: Evercore ISI Institutional Equities Raised KMB to Outperform from In Line, price target: $150
  • EL: Tier1 firm Raised EL to Buy from Neutral, price target: $170 from $160
  • OMC: Exane BNP Paribas Raised OMC to Outperform from Neutral, price target: $115

Wednesday, March 27th:

Upgrades:

  • OTLK: BTIG Raised OTLK to Buy from Neutral, price target: $50
  • GXO: Exane BNP Paribas Raised GXO to Neutral from Underperform, price target: $50

Downgrades:

  • WB: Goldman Sachs Cuts WB to Neutral from Buy, price target: $10.60
  • CNXC: Tier1 firm Cuts CNXC to Underperform from Neutral, price target: $60
  • TVTX: Guggenheim Securities Cuts TVTX to Neutral from Buy
  • LOW: DA Davidson Cuts LOW to Neutral from Buy, price target: $270
  • BERY: Truist Cuts BERY to Hold from Buy, price target: $68
  • CCK: Truist Cuts CCK to Hold from Buy, price target: $88

Initiates:

  • ANF: Boutique Firm Initiates ANF with Sell
  • PRGS: DA Davidson Initiates PRGS with Buy, price target: $65
  • IMVT: Oppenheimer Initiates IMVT with Outperform, price target: $50
  • XERS: Oppenheimer Initiates XERS with Outperform, price target: $5
  • CTBI: Janney Initiates CTBI with Buy, price target: $49
  • SWAV: CL King Initiates SWAV with Buy, price target: $368
  • LENZ: Piper/Sandler Initiates LENZ with Overweight, price target: $28

Reiterates:

  • NFLX: Wedbush Removes NFLX from Best Ideas List; Reiterates Outperform, price target raised to $725 from $615
  • DIS: UBS Reiterates DIS with Buy, price target: $140 (raised from $120)
  • AER: Tier1 firm Reiterates AER with Buy, price target: $96 (raised from $80)
  • AL: Tier1 firm Reiterates AL with Buy, price target: $70 (raised from $60)
  • MRNA: Tier1 firm Reiterates MRNA with Neutral, price target: $120
  • CLSK: H.C. Wainright Reiterates CLSK with Buy, price target: $27
  • ETNB: H.C. Wainright Reiterates ETNB with Buy, price target: $31
  • ATAI: H.C. Wainright Reiterates ATAI with Buy, price target: $20

Tuesday, March 26th:

Reiterated Ratings:

  • VKTX: Oppenheimer Reiterates Outperform, price target: $138
  • ZTS: Tier1 firm Reiterates Buy, price target: $205
  • PRAX: Jefferies Reiterates Buy, price target: $128
  • BIIB: Jefferies Reiterates Buy, price target: $285
  • VKTX: H.C. Wainright Reiterates Buy, price target: $90
  • BA: UBS Reiterates Buy, price target: $250
  • DKNG: Susquehanna Reiterates Net Positive, price target: $54
  • DIS: Raymond James Reiterates Strong Buy, price target: $128

Upgraded Ratings:

  • MKC: Center for Financial Research & Analysis Raised to Buy from Hold, price target: $85
  • EW: OTR Global Raised to Positive from Mixed
  • STOK: TD Cowen Raised to Outperform from Market Perform
  • CLX: Jefferies Raised to Hold from Underperform, price target: $145
  • NUVB: BTIG Raised to Buy from Neutral, price target: $5

New Initiations:

  • EXR: Barclays Initiates with Overweight, price target: $157
  • EGP: Barclays Initiates with Equal Weight, price target: $181
  • CUBE: Barclays Initiates with Equal Weight, price target: $48
  • WPC: Barclays Initiates with Equal Weight
  • WDC: Evercore ISI Institutional Equities Initiates with Outperform, price target: $80
  • RDDT: New Street Research Initiates with Neutral, price target: $54
  • STRL: Boutique Firm Initiates with Buy

Downgraded Ratings:

  • HSY: Exane BNP Paribas Cuts to Neutral from Outperform, price target: $208
  • AEHR: Craig-Hallum Cuts to Hold from Buy, price target: $12
  • PJT: UBS Cuts to Sell from Neutral, price target: $75 from $100

Monday, March 25th:

Reiterated Ratings:

REGN: Tier1 firm Reiterates Underperform, price target: $710
MGNI: Benchmark Company Reiterates Buy, price target: $18
CTLP: Benchmark Company Reiterates Buy, price target: $10
WLDN: Wedbush, Inc. Reiterates Outperform, price target: $35
RDFN: DA Davidson Reiterates Neutral
PAYS: DA Davidson Reiterates Buy, price target: $4
TSLA: Oppenheimer Reiterates Perform

Downgraded Ratings:

MCD: Argus Cuts to Hold from Buy
PLAY: Raymond James Cuts to Market Perform from Outperform
CW: Truist Cuts to Hold from Buy, price target: $240
BWXT: Truist Cuts to Hold from Buy, price target: $95
SMG: Raymond James Cuts to Market Perform from Strong Buy
KMI: Truist Cuts to Hold from Buy, price target: $20
RIVN: Mizuho Securities Cuts to Neutral from Buy, price target: $12
NIO: Mizuho Securities Cuts to Neutral from Buy, price target: $5.50
TSLA: Mizuho Securities Cuts to Neutral from Buy, price target: $195

Upgraded Ratings:

LH: Argus Raised to Buy from Hold, price target: $250
BXSL: Tier1 firm Raised to Buy from Neutral, price target: $32 from $30
GBDC: Tier1 firm Raised to Buy from Neutral, price target: $17 from $15.50
CAR: Northcoast Research Raised to Buy from Neutral, price target: $155
FL: Evercore ISI Institutional Equities Raised to Outperform from In Line, price target: $32
TPX: Loop Capital Raised to Buy from Sell, price target: $75
MASI: Wells Fargo Raised to Overweight from Equal Weight, price target: $160

New Initiations:

SMCI: JPMorgan Chase and Co Initiates with Overweight, price target: $1,150
CCL: Mizuho Securities Initiates with Buy, price target: $21
MGM: Mizuho Securities Initiates with Buy, price target: $61
H: Mizuho Securities Initiates with Buy, price target: $197
HLT: Mizuho Securities Initiates with Buy, price target: $245
BYD: Mizuho Securities Initiates with Buy, price target: $80
DKNG: Mizuho Securities Initiates with Buy, price target: $58
CART: Macquarie Initiates with Outperform, price target: $42
DKS: Boutique Firm Initiates with Underperform, price target: $223