Thursday’s Top Analyst Upgrades and Downgrades: AMD, Caesars Entertainment, CarMax, Chewy, Marriott, Microsoft, Uber and More

CarMax Inc. (NYSE: KMX): Oppenheimer reiterated an Outperform rating. Its $85 target price is well above the $69.29 consensus target and Wednesday’s close at $70.67.

Chewy Inc. (NYSE: CHWY): Raymond James upgraded the shares to Outperform from Market Perform. Its $36 target price is less than the $45.31 consensus target. The stock closed on Wednesday at $32.05, which was up over 3% for the day after the upgrade.

CNA Financial Corp. (NYSE: CNA): When BofA Securities upgraded the stock to Neutral from Underperform, it bumped its $40 target price to $41. The consensus target is $46. The shares ended Wednesday’s session at $40.01.

Cogent Communications Holdings Inc. (NASDAQ: CCOI): BofA Securities upgraded the stock to Buy from Neutral, and its $45 target price jumped all the way to $85. The consensus target is just $64.90, but shares ended Wednesday at $73.58. That was up 8% on the day after the upgrade.

Grand Canyon Education Inc. (NASDAQ: LOPE): Barrington Research reiterated an Outperform rating but lifted its $130 target price to $140. The consensus target is $127.50. The shares closed on Wednesday at $115.28.

Incyte Corp. (NASDAQ: INCY): Oppenheimer trimmed its $95 target price on the Outperform-rated stock to $92. That is still well above the $86.12 consensus target and Wednesday’s final print of $68.04.

Marriott International Inc. (NASDAQ: MAR): Bernstein upgraded the shares to Outperform from Market Perform. Its $204 target price compares with a consensus target of $183.47 and Wednesday’s close at $178.45.

Microsoft Corp. (NASDAQ: MSFT): Oppenheimer maintained an Outperform rating with a $330 target price. The consensus target is $328.71, and the stock closed at $304.40 on Wednesday.

Molson Coors Beverage Co. (NYSE: TAP): J.P. Morgan’s upgrade to Neutral from Underweight included a target price hike to $64 from $59. The consensus target is $55.56. The stock closed on Wednesday at $64.96.

NerdWallet Inc. (NASDAQ: NRDS): Citigroup lowered its Buy rating to Neutral and trimmed its $15 price target to $14. The consensus target is $22.50 for now. The stock closed on Wednesday at $9.70, down almost 23% for the day, as a warning of potential headwinds to come later this year overshadowed strong quarterly results.

NXP Semiconductors N.V. (NASDAQ: NXPI): Truist Financial reiterated a Buy rating and raised its $210 target price to $217. The consensus target is $195.60. The final trade on Wednesday was for $167.56 a share.

Otter Tail Corp. (NASDAQ: OTTR): Siebert Williams Shank downgraded the shares from Hold to Sell with a $68 target price. The consensus target is $67.67. Wednesday’s close was at $76.79.

Premier Inc. (NASDAQ: PINC): As Baird downgraded the stock to Neutral from Outperform, its target price fell to $30 from $43. The consensus target is $35.80. The stock closed on Wednesday at $27.16.

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