Friday’s Top Analyst Upgrades and Downgrades: Chevron, Chewy, CSX, C3.ai, Exxon, Macy’s, Micron Technology, Target and More

Bluebird Bio Inc. (NASDAQ: BLUE): Barclays upgraded the stock to Overweight from Equal Weight and raised its $7 target price to $8. The consensus target is $6.90. Thursday’s $3.54 close was up almost 6% for the day on the upgrade.

Chevron Corp. (NYSE: CVX): The Sector Perform rating at RBC Capital Markets is now at Outperform. The analyst also raised the $165 price target to $180, which is still below the $189.25 consensus target. Thursday’s closing trade was for $152.16 a share.

Chewy Inc. (NYSE: CHWY): Gordon Haskett’s upgrade was to Buy from Hold, but its $40 target price is less than the $44.95 consensus target. The stock closed on Thursday at $35.84, which was up over 21% for the day on the upgrade and a very positive earnings report for the quarter.

CSX Corp. (NASDAQ: CSX): UBS upgraded the shares to Buy from Neutral and its target price to $37 from $33. The consensus target is $35.10. The stock closed on Thursday at $31.38.

C3.ai Inc. (NYSE: AI): As Wedbush upgraded the shares to Outperform from Neutral, the price target doubled to $50 from $24. The consensus target is just $19.70. The stock closed 13% lower on Thursday at $34.72  after solid quarterly results were accompanied by a tepid outlook.

Domino’s Pizza Inc. (NYSE: DPZ): J.P. Morgan upgraded the stock to Overweight from Neutral. The firm also lifted its $340 target price to $360, above the $350.78 consensus target. The stock closed on Thursday at $296.67.

Dycom Industries Inc. (NYSE: DY): Raymond James started coverage with an Outperform rating and a $120 target price. The consensus target is $128.25. Thursday’s close was at $103.09.

Equitrans Midstream Corp. (NYSE: ETRN): Wolfe Research upgraded the shares from Peer Perform to Outperform with an $11 target price. The consensus target is $7.56. The shares closed on Thursday at $8.85. That was up almost 5% for the day on the upgrade and the possible positive ramifications from the debt ceiling bill.

Exxon Mobil Corp. (NYSE: XOM): RBC Capital Markets cut its Outperform rating to Sector Perform with a $125 target price. The consensus target is $127.79. Thursday’s final trade was for $103.36 a share.

Genuine Parts Co. (NYSE: GPC): When BofA Securities upgraded the shares to Buy from Neutral, its target price rose to $189 from $185. The consensus target is $175.89. The stock closed on Thursday at $149.21.

Macy’s Inc. (NYSE: M): Gordon Haskett raised its Hold rating to Buy and has an $18 target price. The consensus target is $23.21. The stock was last seen on Thursday trading at $13.75.

Madison Square Garden Entertainment Corp. (NYSE: MSGE): Macquarie initiated coverage with an Outperform rating and a $43 target price. The consensus target is $40.75. On Thursday, shares closed at $36.62, a one-day gain of over 4% on the initiation and the solid tape.

Micron Technology Inc. (NASDAQ: MU): Citing falling earnings estimates and pressures in China, Zacks selected this stock as its Bear of the Day. Shares have retreated more than 7% from a recent 52-week high of $74.77 to just below the consensus price target of $69.14.

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