Tuesday’s Top Analyst Upgrades and Downgrades: Adobe, Carvana, DoorDash, Micron Technology, Netflix, Nike, PayPal and More

Kimco Realty Corp. (NYSE: KIM): Though Mizuho upgraded the shares to Buy from Neutral, the analyst trimmed the target price to $20 from $21. The consensus target is $22.57. The stock closed on Monday at $18.61.

Laboratory Corp. of America Holdings (NYSE: LH): Its Bear of the Day stock has faced selling pressure post-earnings this year, says Zacks. Shares have traded as high as $222.42 in the past year but closed most recently at $201.17.

Lockheed Martin Corp. (NYSE: LMT): Wells Fargo upgraded the stock to Equal Weight from Underweight and has a $440 target price. The consensus target is $502.74. Shares closed at $429.86 on Monday.

L3 Harris Technologies Inc. (NYSE: LHX): As Wells Fargo upgraded the stock to Overweight from Equal Weight, its $204 target price increased to $209. The consensus target is $231.12. Monday’s close was at $175.13.

Lululemon Athletica Inc. (NASDAQ: LULU): HSBC Securities initiated coverage with a Buy rating and a $500 target price. The consensus target is $432.64. The stock closed on Monday at $382.81.

Micron Technology Inc. (NASDAQ: MU): Deutsche Bank upgraded the stock to Buy from Hold. Its $65 target price jumped to $85 as well, higher than the $71.05 consensus target. Monday’s closing share price was $70.50.

Netflix Inc. (NASDAQ: NFLX): Evercore ISI reiterated an Outperform rating but reduced its $550 target price to $500. That still beats the $434.00 consensus target. The shares ended Monday’s session at $394.40.

Nike Inc. (NYSE: NKE): HSBC Securities maintained a Hold rating and lowered its $120 price target to $113. The consensus target is $117.22, and the stock closed on Monday at $95.51.

Owens Corning (NYSE: OC): Citing its momentum and consistently strong quarterly results, Zacks selected this stock as its Bull of the Day. The shares last closed at $137.42, and the $158.92 consensus price target would be an all-time high.

PayPal Holdings Inc. (NASDAQ: PYPL): MoffettNathanson’s downgrade was from Outperform to Market Perform with a $75 target price. The consensus target is higher at $80.92. Monday’s close was at $62.94.

Prosperity Bancshares Inc. (NYSE: PB): Hovde upgraded the stock to Outperform from Market Perform. Its $66.50 target price compares with a $67.43 consensus target and Monday’s close at $56.45.

Ralph Lauren Corp. (NYSE: RL): Guggenheim upgraded the stock to Buy from Neutral. Its $166 target price is well above the consensus target of $136.21 and Monday’s $114.72 close.

Skechers USA Inc. (NYSE: SKX): When Piper Sandler upgraded the shares to Overweight from Neutral, its $54 target price increased to $59. The consensus target is $46.71. Monday’s close was at $47.01.

Zim Integrated Shipping Services Ltd. (NYSE: ZIM): J.P. Morgan upgraded the stock to Overweight from Neutral and has a $15.40 target price. The consensus target is $12.93. The last trade Monday was posted at $11.55 up 5% on the upgrade and positive commentary.

Shares of five proven tech sector leaders have taken a beating recently for a variety of reasons but should rebound smartly and still hold huge upside for patient investors.

Americans hate one car brand the most. Some of America’s biggest cities are poor.

Monday’s top analyst upgrades and downgrades included Emerson Electric, Estee Lauder, KeyCorp, Lam Research, New Relic, Palantir Technologies, PagSeguro Digital, Planet Fitness, ServiceNow, Snowflake, Truist Financial, Unity Software and Vornado Realty Trust.

Originally published at 24/7 Wall St.

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