Plug Power Inc. (NASDAQ: PLUG): Morgan Stanley downgraded the shares to Equal Weight from Overweight. Its $35 target price dropped to $15, well below the $23.52 consensus target. The stock closed over 5% lower on Monday at $11.12 due to the downgrade.
Quest Diagnostics Inc. (NYSE: DGX): Citigroup lifted its Sell rating to Neutral and its price objective from $125 to $142. The consensus target is $149.40. Monday’s close was at $142.68.
Silk Road Medical Inc. (NASDAQ: SILK): Citigroup upgraded the stock to Buy from Neutral and has a $50 target. The consensus target is $56.50.The shares closed on Monday at $40.20.
SL Green Realty Inc. (NYSE: SLG): BMO Capital Markets upgraded the stock to Outperform from Market Perform. Its $30 target price compares with the $31.50 consensus target and the most recent close at $23.76.
Tesla Inc. (NASDAQ: TSLA): Goldman Sachs reiterated a Buy rating and raised its $200 target price to $225. The consensus target is $197.61. The shares closed Monday down over 6% to $194.77 after delivery numbers were posted.
U.S. Silica Holdings Inc. (NASDAQ: SLCA): Barclays upgraded the shares to Equal Weight from Underweight and has a $17 target price. The consensus target is $19.50. The stock closed up over 10% on Monday at $13.18 after the upgrade.
Vulcan Materials Co. (NYSE: VMC): Goldman Sachs upgraded the stock to Buy from Neutral and lifted the target price on the company to $212 from $188. The consensus target is $209.17. The shares closed Monday’s session at $172.92.
Wolfspeed Inc. (NYSE: WOLF): Citigroup’s downgrade to Neutral from Buy included a target price cut from $95 all way to $66. The consensus target is $90.82, and Monday’s closing print of $62.34 was down 4% for the day on the downgrade.
Yeti Holdings Inc. (NYSE: YETI): Growth has clearly stalled in recent quarters, says Zacks about its Bear of the Day stock. Shares have traded as high as $61.63 in the past year but closed most recently at $40.08, which is down about 3% year to date.
Given the surprise OPEC production cut, investors can get some great value with the mega-cap dividend-paying integrated majors, and seven of them offer big and dependable dividends.
Has a new wave of gold miner consolidation begun?
Monday’s top analyst upgrades and downgrades included BlackBerry, Cardinal Health, Comstock Resources, Howmet Aerospace, JD.com, Pacific Biosciences of California, Restaurant Brands, Tenaris and Wendy’s.
Originally published at 24/7 Wall St.
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