Tuesday’s Top Analyst Upgrades and Downgrades: Caterpillar, Lockheed Martin, Mosaic, Netflix, Raytheon, Salesforce, Wendy’s and More

Carrier Global Corp. (NYSE: CARR): As Mizuho lifted its Neutral rating to Buy from, its $38 price target jumped to $53. The consensus target is $45.90. The shares closed on Friday at $45.87.

Caterpillar Inc. (NYSE: CAT): The BofA Securities upgrade to Buy from Neutral included a target price hike to $295 from $217. The consensus target is $234.05. The stock closed on Friday at $258.46.

Copa Holdings S.A. (NYSE: CPA): J.P. Morgan upgraded the stock to Overweight from Neutral. It also lifted its $105 target price to $132, well above the $112.19 consensus target. Friday’s close at $93.51 was up over 6% on the day, likely due to the upgrade.

D.R. Horton Inc. (NYSE: DHI): Though RBC Capital Markets downgraded the homebuilder to Underperform from Sector Perform, the analyst also raised the $68 target price to $76. The consensus target is $99.56. The stock closed on Friday at $94.96. At these trading levels, this looks like a valuation call.

Lithia Motors Inc. (NYSE: LAD): Wells Fargo downgraded the stock to Equal Weight from Overweight but lifted its $212 price target to $233. The consensus target is up at $298.69. The stock closed on Friday at $232.07.

Lockheed Martin Corp. (NYSE: LMT): The Goldman Sachs downgrade Sell from Neutral included a price target cut to $332 from $388. The consensus target is higher at $483.41. The stock closed on Friday at $449.83.

Mosaic Co. (NYSE: MOS): Exane BNP Paribas downgraded the stock to Underperform from Neutral and has a $42 target price. The consensus target is $60.30. Friday’s close was at $46.32.

Netflix Inc. (NASDAQ: NFLX): Oppenheimer reiterated an Outperform rating, and the prior $365 target price is now $400. The consensus target is just $305.58. The stock closed at $332.82 on Friday.

Northrop Grumman Corp. (NYSE: NOC): The Neutral rating at Goldman Sachs was lowered to Sell, and the $440 target price fell to $375. The consensus target is $564.20. Friday’s last trade was recorded at $461.43.

Overstock.com Inc. (NASDAQ: OSTK): Jefferies initiated coverage with a Hold rating and a $20 target. The consensus target is higher at $50.25. The stock closed almost 4% lower on Friday at $20.50.

Pentair PLC (NYSE: PNR): Mizuho upgraded the shares to Buy from Neutral and raised its $44 target price to $60. The consensus target is $51.73. The last trade on Friday came in at $50.52.

Rapid7 Inc. (NASDAQ: RPD): D.A. Davidson initiated coverage with a Neutral rating and a $34 target. That compares with a $45.79 consensus target and Friday’s closing print of $33.92.

Raytheon Technologies Corp. (NYSE: RTX): Goldman Sachs downgraded the defense giant to Neutral from Buy and trimmed its $115 price target to $105. The consensus target is $107.91. Friday’s closing share price was reported at $98.68.

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