Fortinet Inc. (NASDAQ: FTNT): CapitalOne began coverage with a Market Perform rating and a $74 target price. The consensus target is $74.34. The last trade on Wednesday was reported at $62.62.
General Motors Co. (NYSE: GM): UBS’s upgrade to Buy from Neutral included a target price bump to $44 from $41. The consensus target is $49.99. The shares closed on Wednesday at $33.67.
Immunocore Holdings PLC (NASDAQ: IMCR): Needham started coverage with a Buy rating and has a $75 target price. The consensus target is up at $81.35. The shares closed on Wednesday at $53.17.
J.M. Smucker Co. (NYSE: SJM): TD Cowen started coverage with an Outperform rating and a $158 target price. The consensus target is $149.18. The stock closed on Wednesday at $128.40.
Mondelez International Inc. (NASDAQ: MDLZ): TD Cowen initiated coverage with an Outperform rating and an $82 target price. The consensus target is $83.80. The stock ended Wednesday trading at $71.29.
O-I Glass Inc. (NYSE: OI): Credit Suisse downgraded the shares to Neutral from Outperform but nudged the $21 target price to $22. The consensus target is $26.50. Wednesday’s close was at $18.03.
Oracle Corp. (NYSE: ORCL): J.P. Morgan’s downgrade to Neutral from Overweight came with a target price cut to $100 from $112. The $118 consensus target is higher, and Wednesday’s closing print was $111.83.
Rivian Automotive Inc. (NASDAQ: RIVN): UBS initiated coverage with a Neutral rating and a $26 target price. The consensus target is $29.23. Shares closed on Wednesday at $23.25.
Sealed Air Corp. (NYSE: SEE): Credit Suisse upgraded the stock to Outperform from Neutral. It also raised its target to $59, well above the consensus target of $46.67. The stock closed on Wednesday at $34.37.
Take-Two Interactive Software Inc. (NASDAQ: TTWO): Stifel reiterated a Buy rating with a $167 target price. The consensus target is $154.77, and the stock closed on Wednesday at $144.36.
Tapestry Inc. (NYSE: TPR): Redburn Atlantic’s downgrade was from Overweight to Neutral with a $33 target price. The consensus target is $47.69. On Wednesday, the closing share price was $30.56.
Tesla Inc. (NASDAQ: TSLA): UBS started coverage with a Neutral rating and a $290 target price. The consensus target is $224.29. Wednesday’s close was at $271.30.
TKO Group Holdings Inc. (NYSE: TKO): Guggenheim initiated coverage with a Buy rating and a $130 target price. The consensus target is $113.60. The stock closed on Wednesday at $101.21.
UMB Financial Corp. (NASDAQ: UMBF): Piper Sandler upgraded the stock to Overweight from Neutral, but its $74 target is less than the consensus target of $76.80. Wednesday’s $63.85 close was up over 3% for the day, after the upgrade.
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Wednesday’s top analyst upgrades and downgrades included CVS Health, DataDog, Endeavor, Enphase Energy, Extreme Networks, GitLab, Nvidia, RTX, Splunk and United Parcel Service.
Originally published at 24/7 Wall St.
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