Lumentum Holdings Inc. (NASDAQ: LITE): Rosenblatt upgraded the shares to Buy from Neutral but trimmed its target price to $62 from $67. The consensus target is $54.15. The stock closed on Friday at $46.20
Marvell Technology Inc. (NASDAQ: MRVL): As B. Riley Securities upgraded the chip giant to Buy from Neutral, its target price increased to $75 from $60. The consensus target is $69.80. The shares closed on Friday at $57.69.
MercadoLibre Inc. (NASDAQ: MELI): Citing its rapidly expanding top and bottom lines, Zacks selected this e-commerce firm as its Bull of the Day stock. Shares last closed at $1,199.59, and the $1,632.21 consensus price target would be a 52-week high.
Sea Ltd. (NYSE: SE): J.P. Morgan downgraded the shares to Neutral from Overweight with a $45 target price. The consensus target is $79.08 for now. Friday’s final trade was for $37.87 a share.
Trade Desk Inc. (NASDAQ: TTD): Baird started coverage with an Outperform rating and has a $88 target price. The consensus target is lower at $85.69. The last trade on Friday was for $71.74 a share.
Wayfair Inc. (NYSE: W): Oppenheimer reiterated an Outperform rating and lifted its $70 price target to $100. The consensus target is just $90.11. The stock ended Friday trading at $69.24.
XPO Inc. (NYSE: XPO): Although Loop Capital downgraded the stock to Hold from Buy, it also boosted its $55 target price to $74. The consensus target is $76.30. The stock closed on Friday at $68.64.
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Friday’s top analyst upgrades and downgrades included Adobe, American Airlines, BorgWarner, Coherent, Freeport-McMoRan, SL Green Realty, Snowflake, Southwest Airlines, Wendy’s and Wolfspeed.
Originally published at 24/7 Wall St.
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