Biogen Inc. (NASDAQ: BIIB): Scotiabank started coverage with a Sector Outperform rating and a $327 target price. That compares with a $337.48 consensus target and Thursday’s closing trade of $262.79.
Boeing Corp. (NYSE: BA): BofA Securities lifted its Hold rating to Buy and its $225 target price to $300. The consensus target is $236.64, and Thursday’s close was at $233.71.
Carvana Co. (NYSE: CVNA): Morgan Stanley’s downgrade to Underweight from Equal Weight included a target price hike to $35 from $12. The consensus target is $40.24. The shares closed Thursday at $40.40, down almost 8% for the day, after a huge short-squeeze rally this summer.
Coty Inc. (NYSE: COTY): The Jefferies downgrade was to Hold Buy. The analyst also trimmed the $16 target price to $14, still above the consensus target of $13.75. Thursday’s closing share price was $11.61.
Cutera Inc. (NASDAQ: CUTR): Piper Sandler upgraded the stock to Neutral from Underweight and lifted the $14 target price to $18. The consensus target is $25.25 for now. The stock closed Thursday at $18.26, which was up 23% for the day after the announcement that a new CEO will come on board.
Estee Lauder Companies Inc. (NYSE: EL): The Jefferies downgrade to Hold from Buy included a target price cut to $190 from $270. That compares with the $231.86 consensus target and Tuesday’s closing print of $173.45.
Ingevity Corp. (NYSE: NGVT): Loop Capital upgraded the stock to Buy from Hold, and its $64 target price is now $75. The consensus target is $74.14. Thursday’s $64.31 close was up almost 2% for the day on the upgrade.
Iridium Communications Inc. (NASDAQ: IRDM): Though Barclays upgraded the shares to Overweight from Equal Weight, it also trimmed its $66 target price to $65. The consensus target is $67.00. The last trade for Thursday was recorded at $52.36, up close to 3% on the day.
MaxLinear Inc. (NASDAQ: MXL): Craig Hallum downgraded the shares to Hold from Buy and has a $25 price objective. The consensus target is $37.55 for now. The stock closed almost 24% lower on Thursday at $22.55, after reports said the company terminated the acquisition of Silicon Motion.
Meta Platforms Inc. (NASDAQ: META): The Reduce rating at HSBC Securities is now at Hold with a $285 target price. The consensus target is up at $310.54. Thursday’s $311.71 close was over 4% higher for the day in the wake of stellar results.
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