Thursday’s Top Analyst Upgrades and Downgrades: Apple, Bank of America, Exxon Mobil, Goldman Sachs, Meta, Netflix, Starbucks, Tesla, Walmart and More

Brunswick Corp. (NYSE: BC): KeyBanc Capital Markets started coverage with an Overweight rating and a $100 target price. The consensus target is $103.79. Wednesday’s close was at $85.59.

CDW Corp. (NYSE: CDW): The BofA Securities downgrade was to Neutral from Buy. The analyst cut the $240 target price to $200, below the consensus target of $215.11. The stock closed down over 13% on Wednesday at $165.12 after pre-announced sales figures were way below estimates.

Chevron Corp. (NYSE: CVX): UBS initiated coverage with a Buy rating and a $212 target price. The consensus target is  $191.42. The stock closed on Wednesday at $170.68.

Diamondback Energy Inc. (NASDAQ: FANG): UBS started coverage with a Buy rating and a $177 target price. The consensus target is $173.63. The stock closed on Wednesday at $143.67.

Extreme Networks Inc. (NASDAQ: EXTR): Craig Hallum cut its Buy rating to Hold and its $22 target price to $17.50. The consensus target is $21.93 for now. Wednesday’s $16.12 close was down over 12% on the day, likely on the downgrade.

Exxon Mobil Corp. (NYSE: XOM): UBS’s upgrade to Buy from Neutral included a target price hike to $144 from $125. The consensus target is $128.04. Wednesday’s close was at $116.57.

Global Payments Inc. (NYSE: GPN): Baird upgraded the stock to Outperform from Neutral, and its $130 price target rose to $156, well above the $140.21 consensus figure. Wednesday’s close was at $109.99.

Goldman Sachs Group Inc. (NYSE: GS): J.P. Morgan reiterated an Overweight rating but lowered its target price to $415 from $430. Morgan Stanley reiterated an Equal Weight rating and lifted its $329 target price to $337. Oppenheimer reiterated an Outperform rating, and its price target slipped to $437 from $440. The consensus target is $384.61. Wednesday’s close at $336.89.

KeyCorp (NYSE: KEY): Citing its underperformance relative to its peers and the broader market, Zacks named this regional bank as its Bear of the Day. Shares have traded as high as $22.13 in the past year but closed most recently at $12.38. That is down about 29% year to date.

Marathon Petroleum Corp. (NYSE: MPC): Zacks selected this Ohio-based refiner as its Bull of the Day stock. The shares last closed at $126.39, and the consensus target of $151.80 would be an all-time high.

Meta Platforms Inc. (NASDAQ: META): BofA Securities reiterated a Buy rating and raised its $230 target price to $250. The consensus target is $225.91, and shares closed on Wednesday at $215.70.

Netflix Inc. (NASDAQ: NFLX): The upgrade at UBS to Buy from Neutral came with a target price boost to $390 from $350. The consensus target is $356.80. The stock closed on Wednesday at $323.12.

Nvidia Inc. (NASDAQ: NVDA): BofA Securities reiterated a Buy rating, and it lifted its $310 target price to $340. The consensus target is $287.30. Wednesday’s close at $279.31.

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