Autoliv Inc. (NYSE: ALV): Though UBS downgraded it to Neutral from Buy, the firm also bumped its $84 target price to $86. The consensus target is $91.84, and shares closed 3% lower on Wednesday at $81.39.
AutoZone Inc. (NYSE: AZO): MKM Partners reiterated a Buy rating and raised its $2,350 target price to $2,650. The consensus target is $2,528.05. The shares closed on Wednesday at $2,455.26.
BorgWarner Inc. (NYSE: BWA): Exane BNP Paribas upgraded the stock to Outperform from Neutral and has a $49 target price. The consensus target is $47.26. Wednesday’s final trade was for $41.18 a share.
Carvana Inc. (NASDAQ: CVNA): As Wedbush downgraded the stock Neutral for Underperform, it slashed its $9 target price to $1. The consensus target is $17.17 for now. The stock closed Wednesday at $3.83, down a stunning 43% on the day after the downgrade and overall pressure on the used car market as prices drop.
Dominion Energy Inc. (NYSE: D): Wells Fargo downgraded the utility heavyweight to Equal Weight from Overweight and dropped its $73 target price to $64. That compares with a consensus target of $74.62 and Wednesday’s closing price of $58.
EQT Corp. (NYSE: EQT): Citigroup downgraded the natural gas giant to Neutral from Buy. It also chopped its $60 target price to $40, well below the $61.90 consensus target. Wednesday’s close was at $36.73.
Illumina Inc. (NASDAQ: ILMN): RBC Capital Markets started coverage with an Outperform rating and a $282 target price. The consensus target is $248.35. The stock closed on Wednesday at $208.52.
Insmed Inc. (NASDAQ: INSM): Barclays initiated coverage with an Overweight rating and a $37 target price. The consensus target is $44.27. The stock closed on Wednesday at $18.93.
MongoDB Inc. (NASDAQ: MDB): JMP Securities lifted its Market Perform rating to Market Outperform. Its $215 target price is much less than the $293.14 consensus target. Wednesday’s close at $178.30 was up 23% for the day after the company posted outstanding results for the quarter.
M&T Bank Corp. (NYSE: MTB): Keefe Bruyette’s downgrade to Market Perform from Outperform included a price target cut to $189 from $215. The consensus target is $198.52. The stock closed on Wednesday at $147.97, down close to 8% for the day on the downgrade.
NRG Energy Inc. (NYSE: NRG): UBS downgraded the utility giant to Sell from Neutral and lowered its $42 target price to $30. The consensus target is $43.75. The shares closed almost 5% lower on Wednesday at $33.14.
PagSeguro Digital Ltd. (NYSE: PAGS): Morgan Stanley cut its Overweight rating to Equal Weight and halved its $30 target price to $15. The consensus target is $18.46. Wednesday’s close at $8.79 was down almost 4% for the day on the downgrade.
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