Boston Beer Co. Inc. (NYSE: SAM): Bernstein’s downgrade to Underperform from Market Perform included a target price chop to $255 from $320. The consensus target is $328.11. Thursday’s $335.01 close was down almost 15% for the day on a bigger-than-expected fourth-quarter loss.
Check Point Software Technologies Ltd. (NASDAQ: CHKP): SMBC Nikko cut its Neutral rating on the cybersecurity company to Underperform, and it trimmed its $125 price target to $120, even further below the consensus target above $136. The shares closed 3% lower on Thursday at $123.98.
Coinbase Global Inc. (NASDAQ: COIN): D.A. Davidson downgraded the shares to Neutral from Buy, and its $60 target price is in the ballpark of the consensus target. Thursday’s $65.59 closing share price was down almost 6% for the day on the downgrade.
Devon Energy Corp. (NYSE: DVN): Truist Financial cut its $80 price target to $70 as it reiterated a Buy rating. The consensus target is $75.62. The final trade on Thursday was for $55.72 a share.
Dutch Bros Inc. (NASDAQ: BROS): Guggenheim initiated coverage with a Neutral rating and a $37 target price. The consensus target is $40.67. Thursday’s close was at $39.36.
Electronic Arts Inc. (NASDAQ: EA): The prior Buy rating at Deutsche Bank is now at Hold. Its $125 price target compares with a $133.16 consensus target and Thursday’s close at $111.72.
Expedia Group Inc. (NASDAQ: EXPE): Travel is still hot in 2023, says Zacks, which named this stock as the Bull of the Day. Shares closed most recently at $111.53, which is up more than 23% year to date. The $133.69 consensus target suggests there is still plenty of room to run.
Fastly Inc. (NYSE: FSLY): When Craig Hallum upgraded the shares to Buy from Hold, it boosted its $9 target price to $17. The consensus target is $11.00 for now. The stock closed on Thursday at $16.06, up 16% on the day after a strong quarterly report.
Generac Inc. (NASDAQ: GNRC): Canaccord Genuity’s upgrade to Buy from Hold included a price target hike to $175 from $104. The consensus target is $149.11. The shares ended Thursday trading at $129.91, which was down close to 4% on the weak tape.
Marathon Oil Corp. (NYSE: MRO): Benchmark raised its Hold rating to Buy with a $32 price objective. The consensus target is $34.51. The stock closed up 3% on Thursday at $26.78 on the positive upgrade.
Nvidia Inc. (NASDAQ: NVDA): DZ Bank dropped its Buy rating to Sell with a $195 target price. The consensus target is $202.03. The stock closed well above both levels Thursday at $220.02, despite slipping over 3% on the downgrade.
Restaurant Brands International Inc. (NYSE: QSR): KeyBanc Capital Markets upgraded the stock to Overweight from Sector Weight and has a $76 price target. The consensus target is $70.37. Thursday’s close was at $66.50.
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