Tuesday’s Top Analyst Upgrades and Downgrades: Alphabet, Apple, AT&T, Etsy, Fisker, Meta, Netflix, Nvidia, Tesla, Wells Fargo and More

Aramark (NYSE: ARMK): Bernstein’s upgrade was from Market Perform to Outperform with a $49 target price. The consensus target is $43.23. The stock closed 4% higher on Monday at $43.52 after the upgrade.

AT&T Inc. (NYSE: T): Citigroup cut its Buy rating to Neutral and its $30 target price to $17. The consensus target is $20.27 for now. The stock closed on Monday at $14.50, down over 6% for the day, over reports that the company may face a massive lead contamination clean-up.

Chewy Inc. (NYSE: CHWY): Goldman Sachs upgraded the shares to Buy from Neutral and raised its $39 target price to $50. The consensus target is $44.53, and the stock closed on Monday at $37.90.

Cohu Inc. (NASDAQ: COHU): B. Riley Securities upgraded the stock to Buy from Neutral. The analyst also boosted the $38 target price to $50, well above the $40.87 consensus target. Monday’s $41.15 closing print was up almost 4% for the day on the upgrade.

Etsy Inc. (NASDAQ: ETSY): Goldman Sachs reiterated a Buy rating but trimmed its target price to $110 from $130. The consensus target is $116.28. The shares closed on Monday at $93.40.

Fisker Inc. (NYSE: FSR): TD Cowen reiterated an Outperform rating but lowered its $19 target price to $14. The consensus target is $9.60. Monday’s $6.85 close was up 11% for the day on positive EV commentary.

FormFactor Inc. (NASDAQ: FORM): Northland Capitals’ downgrade was from Outperform to Market Perform with a $32 target price. The consensus target is $34.00. Monday’s close was at $36.03.

Frontier Communications Parent Inc. (NASDAQ: FYBR): When Citigroup downgraded the stock to Neutral from Buy, its $30 target price dropped to $17. The consensus target is $32.50 for now. Monday’s $12.05 close was down almost 16% for the day on the downgrade and likely on the negative AT&T news.

Leslie’s Inc. (NASDAQ: LESL): The Jefferies downgrade to Neutral from Overweight included a price target chop to $7 from $16. The consensus target is $13.67 for now. Monday’s close at $5.46 was down almost 19% for the day on multiple downgrades across Wall Street.

Meta Platforms Inc. (NASDAQ: META): Goldman Sachs reiterated a Buy rating and raised its target price to $335 from $300. The consensus target is $296.39. Monday’s close was at $310.62.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.