Simon Properties Group Inc. (NYSE: SPG) Evercore ISI downgraded the stock to In Line from Outperform and trimmed its $131 target price to $129. The consensus target is $131.57. The shares were last seen on Thursday trading at $118.37, down almost 5% for the day on mixed earnings and the downgrade.
Southwest Airlines Co. (NYSE: LUV): The Jefferies downgrade was from Hold to Underperform with a $25 target price. The consensus target is $38.61 for now. The shares closed over 3% lower on Thursday at $32.26 due to the downgrade.
Spirit AeroSystems Holdings Inc. (NYSE: SPR): Truist Financial’s downgrade to Hold from Buy came with a target price cut to $25 from $42. The consensus target is $34.64, and Thursday’s closing print of $22.35 was down over 2% on the day.
STAAR Surgical Co. (NASDAQ: STAA): Canaccord Genuity downgraded it to Hold from Buy and slashed the $77 target price to $48. The consensus target is $71.78 for now. Thursday’s $47.28 close was down almost 10% for the day despite an earnings beat.
StoneCo Ltd. (NASDAQ: STNE): UBS’s upgrade was to Buy from Neutral, and its $14 target price increased to $18. The consensus target is $14.33, and the stock closed on Thursday at $13.83.
Thomson Reuters Corp. (NYSE: TRI): The Underperform rating at Exane BNP Paribas changed to Neutral, and the $100 target price rose to $115. That compares with a $129.75 consensus target. Wednesday’s close at $131.08 was down almost 5% for the day.
Wayfair Inc. (NYSE: W): Though Wells Fargo upgraded the stock to Overweight from Underweight, it also reduced its $135 target price to $100. The consensus target is
just $60.07, but the stock ended Thursday trading at $84.61. That was up over 16% for the day due to the upgrade and outstanding quarterly results.
Wingstop Inc. (NASDAQ: WING): Benchmark’s upgrade was from Hold to Buy with a $200 target price. The consensus target is $204.82. Thursday’s close was at $165.53.
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Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices, Caesars Entertainment, Caterpillar, CrowdStrike, Crown Castle, Electronic Arts, Estee Lauder, KeyCorp, Match, Norwegian Cruise Line, Sirius XM, SoFi Technologies and TG Therapeutics.
Originally published at 24/7 Wall St.
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