Friday’s Top Analyst Upgrades and Downgrades: Alcoa, Caterpillar, Dow, Kellogg, PagSeguro, Tesla, Tripadvisor, Walmart and More

Kellogg Co. (NYSE: K): Bernstein’s upgrade was from Underperform to Market Perform with a $62 target price. The consensus target is up at $71.94, and the shares closed at $65.55 on Thursday.

PagSeguro Digital Ltd. (NYSE: PAGS): New Street downgraded the stock to Neutral from Buy. The firm’s $14 target price compares with a consensus target of $12.95 and Thursday’s closing share price of $10.30.

Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Oppenheimer reiterated an Outperform rating. Its target price is $900, well above the consensus target of $887.91 and Thursday’s close at $779.81.

Sea Ltd. (NYSE: SE): DZ Bank started coverage with a Buy rating, and it has a $75 target price. The consensus target is higher at $95.44, but the shares closed on Thursday at $59.49.

Tesla Inc. (NASDAQ: TSLA): Though Morgan Stanley its rating to Equal Weight from Overweight, the analyst also lifted the $200 target price to $250. The consensus target is $195.98, but shares closed well above that on Thursday at $264.61.

Toro Co. (NYSE: TTC): D.A. Davidson initiated coverage with a Buy rating and a $117 target price. The consensus target is $119, and shares closed on Thursday at $99.46.

Tripadvisor Inc. (NASDAQ: TRIP): B. Riley Securities initiated coverage with a Buy rating and a $25 target price. The consensus target is $21.14. Thursday’s close at $16.86 was up over 4% for the day on the positive analyst comments and the initiation.

Walmart Inc. (NYSE: WMT): Jefferies reiterated a Buy rating. Its $175 target price is higher than the $168.34 consensus target and Thursday’s close at $155.75.

Goldman Sachs has launched a monthly “Directors’ Cut” list of top stock picks. Five outstanding technology, media and telecom stocks made the inaugural list, and they have double-digit upside potential and make good sense now for growth stock investors.

Thursday’s top analyst upgrades and downgrades included Adobe, Amazon.com, Avantor, Chipotle Mexican Grill, Coherent, FedEx, Infosys, Micron Technology, Peloton Interactive, Petrobras, Snowflake, Tesla and Victoria’s Secret.

Originally published at 24/7 Wall St.

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