Thursday’s Top Analyst Upgrades and Downgrades: Abbott Labs, Carnival, Delta Air Lines, First Republic Bank, Lululemon, Macy’s, Marathon Petroleum, Micron Technology and More

Deere & Co. (NYSE: DE): Daiwa Securities started coverage with an Outperform rating and a $440 target. The consensus target is $471.82. The shares closed at $400.86 on Wednesday.

Delek US Holdings Inc. (NYSE: DK): As Goldman Sachs downgraded the stock to Neutral from Buy, it lowered its $33 target price to $24. The consensus target is $30.83. The stock closed on Wednesday at $23.15.

Delta Air Lines Inc. (NYSE: DAL): Jefferies reiterated a Buy rating with a $40 target, which is lower than the $52.00 consensus target. The stock closed on Wednesday at $33.32.

DexCom Inc. (NASDAQ: DXCM): UBS initiated coverage with a Buy rating and a $182 price target. The consensus target is $132.74. The stock closed on Wednesday at $113.96.

Enovix Corp. (NASDAQ: ENVX): Oppenheimer reiterated an Outperform rating. Its $36 target price is well above the $29.64 consensus target. The shares closed on Wednesday at $13.65, which was up almost 12% on the day after positive corporate commentary.

First Republic Bank (NYSE: FRC): Citing the outcome for Silicon Valley Bank, Zacks selected this as its Bear of the Day stock. Shares have traded as high as $171.09 in the past year but closed most recently at $14.26. That is down more than 88% year to date.

GitLab Inc. (NASDAQ: GTLB): Mizuho initiated coverage with a Neutral rating and a $38 price target. The consensus target is up at $50.38, but Wednesday’s closing print was $33.58.

Hartford Financial Services Group Inc. (NYSE: HIG): The Neutral rating at Goldman Sachs is now at Buy. The firm’s $84 target price compares with an $87.25 consensus target and Wednesday’s close at $69.58.

Hershey Co. (NYSE: HSY): Wells Fargo initiated coverage with an Underweight rating but raised its $230 target price to $255. The consensus target is $255.84. The stock closed on Wednesday at $252.59.

Interpublic Group of Companies Inc. (NYSE: IPG): The Exane BNP Paribas downgrade was from Outperform to Neutral with a $40 target price. The consensus target is $40.60. The stock closed on Wednesday at $35.31.

Intuitive Surgical Inc. (NASDAQ: ISRG): UBS initiated coverage with a Neutral rating, and its $278 target price is in the ballpark with the $278.37 consensus target. The stock closed on Wednesday at $250.76.

Invesco Ltd. (NYSE: IVZ): Credit Suisse lifted its Underperform rating to Neutral and nudged the $14.50 target price to $15. The consensus target is $18.04. Wednesday’s close was at $16.05.

Lovesac Co. (NASDAQ: LOVE): Roth MKM reiterated a Buy rating and bumped its $32 target price up to $36. The consensus target is up at $51.83. The stock closed over 5% higher on Wednesday at $28.41 following a solid earnings report.

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