Thursday’s Top Analyst Upgrades and Downgrades: Analog Devices, AppLovin, Goodyear, Home Depot, Kohl’s, Lowe’s, Marriott, Tencent Music, Wynn Resorts and More

Norfolk Southern Corp. (NYSE: NSC): Evercore ISI’s upgrade was to Outperform from In Line, and the firm has a $242 target price. The consensus target is $234.57. On Wednesday, the closing share price was $214.98.

NorthWestern Corp. (NYSE: NWE): Ladenburg Thalmann initiated coverage with a Neutral rating and a $57.50 target price. The consensus target is $58.67. The stock closed on Wednesday at $58.36.

Nutrien Ltd. (NYSE: NTR): Berenberg downgraded the shares from Buy to Hold with a $90 target price. The consensus target is $87.85. The stock closed on Wednesday at $61.10.

Old Dominion Freight Line Inc. (NASDAQ: ODFL): Evercore ISI upgraded the stock to Outperform from In Line. Its $350 target price compares with a $325.67 consensus target and Wednesday’s close at $303.76.

ServiceNow Inc. (NYSE: NOW) Oppenheimer reiterated an Outperform rating with a $500 target price. The consensus target is up at $539.39. The last trade on Wednesday was for $492.92 a share.

Tencent Music Entertainment Group (NYSE: TME): Citigroup raised its Neutral rating to Buy, and its $9.50 target price is in line with the $9.48 consensus figure. The stock closed almost 9% higher on Wednesday at $8.31 after a solid quarterly report.

Visteon Corp. (NYSE: VC): Guggenheim upgraded the stock to Buy from Neutral, but its $161 target price is less than the $170.82 consensus. Wednesday’s final trade was for $139.88 a share.

Werner Enterprises Inc. (NASDAQ: WERN): Credit Suisse cut its Outperform rating to Neutral and reduced its $52 price target to $48. The consensus target is $51.06. Wednesday’s close was at $44.77.

Wynn Resorts Ltd. (NASDAQ: WYNN): The Barclays upgrade to Overweight from Equal Weight included a target price hike to $135 from $120. The consensus target is lower at $126.96, for now. The stock closed on Wednesday at $108.92, up almost 6% on the day due to the upgrade and positive comments on its Macau operations.

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Wednesday’s top analyst upgrades and downgrades included Amgen, Canadian Pacific Kansas City, Carvana, Coinbase Global, Etsy, First Horizon, GE Healthcare Technologies, Gilead Sciences, Home Depot, Mosaic, Royal Caribbean Cruises, Vornado Realty Trust, Warner Bros. Discovery, Williams Companies and XP.

Originally published at 24/7 Wall St.

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