Thursday’s Top Analyst Upgrades and Downgrades: AIG, Alcoa, Coinbase, Home Depot, Merck, Nvidia, Salesforce, Shopify, Sirius XM, Target and More

Coinbase Global Inc. (NASDAQ: COIN): Jefferies reiterated a Hold rating but lifted its $35 target price all the way to $60. Oppenheimer reiterated an Outperform rating and raised its price target to $84 from $72, while Barclays maintained an Equal Weight rating and pushed its $57 target price up to $63, somewhat shy of the consensus target. The stock closed on Wednesday at $61.18.

Constellation Energy Corp. (NYSE: CEG): As Credit Suisse cut its Outperform rating to Neutral, its $91 target price dropped to $83. The consensus target is $98.62. Wednesday’s $77.80 close was down 3% on the day.

Diversey Holdings Ltd. (NASDAQ: DSEY): BofA Securities resumed coverage with an Underperform rating and a $6 target price. The consensus target is $6.97. The shares closed on Wednesday at $5.66.

GitLab Inc. (NASDAQ: GTLB): Truist Financial lowered its $75 target price to $65 but maintained a Buy rating. The consensus target is $64.92. The stock closed on Wednesday at $44.32.

Hackett Group Inc. (NASDAQ: HCKT): Craig Hallum’s downgrade to Hold from Buy came with a target price cut to $25 from $30. The consensus target is $28.67. Wednesday’s close at $18.52 was down 13% for the day despite earnings and revenues that beat estimates.

HealthEquity Inc. (NASDAQ: HQY): Jefferies reiterated a Buy rating with an $84 target price. The consensus target is $82.23 The stock closed on Wednesday at $65.30.

Home Depot Inc. (NYSE: HD): UBS reiterated its Buy rating but lowered the target price to $340 from $350. Baird reiterated an Outperform rating its $360 price target dropped to $340. Citigroup also reiterated a Buy rating, as well as reduced its $340 target to $332. The consensus target is $331.25. The stock closed on Wednesday at $296.30, rebounding from a dreadful Tuesday.

LGI Homes Inc. (NASDAQ: LGIH): BTIG Research downgraded the stock to Sell from Neutral and has a $73 target price. The consensus target is up at $103. The stock closed on Wednesday at $104.39.

Manhattan Associates Inc. (NASDAQ: MANH): D.A. Davidson initiated coverage with a Neutral rating and a $145 target. The consensus target is $173.60. Wednesday’s close was at $142.70.

Masimo Corp. (NASDAQ: MASI): Raymond James upgraded the shares to Outperform from Market Perform. Its $187 target price is well above the $166.14 consensus target. The stock closed Wednesday’s session at $166.15, which was up over 3% for the day on the upgrade.

Merck & Co. Inc. (NYSE: MRK): Wolfe Research’s upgrade was from Peer Perform to Outperform with a $127 target price. The consensus target is $118.09. The stock closed on Wednesday at $109.16.

Nordson Corp. (NASDAQ: NDSN): KeyBanc Capital Markets lifted its Sector Weight rating to Overweight with a $255 price objective. The consensus target is $256.20. The stock closed over 4% higher on Wednesday at $221.04 on the upgrade.

Nvidia Corp. (NASDAQ: NVDA): Truist Financial reiterated a Buy rating with a $238 target price. The consensus target is $211.72. The stock closed on Wednesday at $207.54.

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