Tuesday’s Top Analyst Upgrades and Downgrades: Amgen, Caterpillar, Coinbase, Disney, Match, Newmont, Toast, Under Armour and More

CF Industries Holdings Inc. (NYSE: CF): Scotiabank’s downgrade was to Sector Perform from Sector Outperform, and its $118 price target is now $100. The consensus target is $110.63. The stock closed over 4% lower on Monday at $86.85.

Chesapeake Energy Corp. (NASDAQ: CHK): The Zacks Bear of the Day stock has a volatile recent history and a weakening outlook, says the analyst. Shares have traded as high as $107.31 in the past year but closed most recently at $83.47, which is down more than 11% year to date.

Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer reiterated an Outperform rating with a $72 target price, which is well above the consensus target. The shares closed Monday’s session at $56.40.

Fastly Inc. (NASDAQ: FSLY): When BofA Securities upgraded the shares to Buy from Underperform, it raised its $10.50 target price to $16. The consensus target for now is $10.45. The shares closed on Monday at $12.60, which was up 27% on the rare double upgrade.

Five Below Inc. (NASDAQ: FIVE): Roth MKM’s upgrade was to Buy from Neutral. It also boosted its $180 target price to $240, well above the $202.87 consensus target. The shares ended Monday trading at $207.01.

Globus Medical Inc. (NYSE: GMED): BofA Securities downgraded the shares to Underperform from Buy and slashed its $83 target price to $63. That compares with the $74 consensus target and Monday’s closing print of $59.43.

Incyte Corp. (NASDAQ: INCY): Oppenheimer reiterated an Outperform rating with a $95 target price. The $89.19 consensus is somewhat closer to Monday’s closing price of $80.08 a share.

Masco Corp. (NYSE: MAS): As Deutsche Bank upgraded the stock to Hold from Sell, the analyst lifted the $43 target price to $56. The consensus target is $56.41. Monday’s close at $56.56 was up close to 3% on the day.

Match Group Inc. (NASDAQ: MTCH): Jefferies reiterated a Buy rating with a $65 target price. The consensus target is $62.18. The last trade on Monday was for $39.77 a share.

Newmont Corp. (NYSE: NEM): The Exane BNP Paribas upgrade was from Neutral to Outperform with a $60 target price. The consensus target is $73.18. Monday’s close was at $48.30.

Okta Inc. (NASDAQ: OKTA): BofA Securities initiated coverage with an Underperform rating and a $64 target price. The consensus target is $81.53. The shares closed on Monday at $75.56.

Progressive Corp. (NYSE: PGR): The Underweight rating at Piper Sandler was lifted to Neutral, and its $133 target price rose $138. The shares have a consensus target of $139.71 and the most recent close was at $108.43.

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