Thursday’s Top Analyst Upgrades and Downgrades: Albertsons, Alphabet, Apple, Coinbase, GE, McDonald’s, Microsoft, Tesla and More

Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR): SMBC Nikko initiated coverage with an Outperform rating with an $80 target price. The posted consensus target is $58.29. Wednesday’s $35.52 close was up almost 6% on the day after positive clinical results.

Chipotle Mexican Grill Inc. (NYSE: CMG): Truist Financial reiterated a Buy rating and lifted its $1,960 target price to $2,270. Stifel also maintained a Buy rating, and it raised its target price to $2,100 from $2,000. The $2,050 price target at UBS rose to $2,250, and the firm kept its Buy rating. The consensus target is $1881.93 for now. The stock closed on Wednesday at $2,011.50, which was up 13% after it posted strong results.

Coinbase Global Inc. (NASDAQ: COIN): H.C. Wainwright initiated coverage with a Buy rating and a $75 target price, a few bucks higher than the consensus target. The stock closed almost 3% lower on Wednesday at $53.89.

Danaher Corp. (NYSE: DHR): BofA Securities cut its Buy rating to Neutral and the $310 target price dropped to $250. The consensus target is $293.85, and shares closed on Wednesday at $232.46.

Enphase Energy Inc. (NASDAQ: ENPH): BofA Securities downgraded the stock to Underperform from Neutral and slashed its $227 target price to $169. The consensus target of $287.94 for now. The stock closed on Wednesday at $163.83, down 26% on the day in the wake of lousy results and prospects for weak second-quarter revenue.

HomeStreet Inc. (NASDAQ: HMST): When Wedbush downgraded the stock to Neutral from Outperform, the analyst hacked the $21 price target to $12. The consensus target is $20.25 for now. Wednesday’s close at $10.96 was down almost 3% for the day on the downgrade.

GE HealthCare Technologies Inc. (NASDAQ: GEHC): UBS started coverage with a Neutral rating and an $86 price objective. The consensus target is $92.33. The shares closed on Wednesday at $80.12.

General Electric Co. (NYSE: GE): Citigroup reiterated a Buy rating and bumped its $109 target price to $114. Barclays maintained an Overweight rating, and its $110 target rose to $115. The consensus target is $103.34. The shares closed on Wednesday at $96.21.

International Money Express Inc. (NASDAQ: IMXI): Needham initiated coverage with a Buy rating and a $35 target price. The consensus target is $29.25. The stock closed on Wednesday at $25.16.

McDonald’s Corp. (NYSE: MCD): Truist Securities reiterated a Buy rating and raised its $318 target price to $327. UBS also reiterated a Buy rating, and its target price hike was to $330 from $305. Barclays maintained an Overweight rating and boosted its $310 price target to $330. The consensus target is $308.55. The stock closed on Wednesday at $289.76 after the company posted solid numbers.

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