Tuesday’s Top Wall Street Upgrades and Downgrades: Applied Materials, CVS Health, Hawaiian Electric Industries, Walmart and More

Corvus Pharmaceuticals Inc. (NASDAQ: CRVS): Oppenheimer started coverage with an Outperform rating and a $7 target price. The $6.90 consensus target is also well above Monday’s $2.20 close.

CVS Health Corp. (NYSE: CVS): Truist Financial reiterated a Buy rating with a $98 target price. The consensus target is $93.09, and shares closed at $67.08 on Monday.

DocGo Inc. (NASDAQ: DCGO): BTIG Research started coverage with a Buy rating and a $15 target price. The consensus target is $13.33. The stock closed on Monday at $8.89.

Elastic N.V. (NYSE: ESTC): TD Cowen started coverage with an Equal Weight rating and a $65 target. The $53.06 consensus target is less than Monday’s close at $60.52.

Hawaiian Electric Industries Inc. (NYSE: HE): Although Wells Fargo upgraded the stock to Equal Weight from Underweight, the analyst slashed the $25 target price to $8. The consensus target is $17.50. Monday’s $13.04 close was down over 5% on the day.

Heico Corp. (NYSE: HEI): Morgan Stanley resumed coverage with an Equal Weight rating and a $184 target price. The consensus target is just higher at $185.54, but shares closed on Monday at $164.97.

Integral Ad Science Holding Corp. (NASDAQ: IAS): Baird started coverage with an Outperform rating, but its $19 target price is less than the consensus target of $23.23. Monday’s final print was $14.10.

IPG Photonics Corp. (NASDAQ: IPGP): As Citigroup downgraded the stock to Neutral from Buy, the firm’s target price fell to $111 from $152. The consensus target is $136.71. Monday’s close was at $99.11.

Maximus Inc. (NYSE: MMS): Stifel started coverage with a Buy rating and a $102 target price. The consensus target is $100.67. Monday’s closing share price was $80.17.

Portland General Electric Co. (NYSE: POR): Guggenheim upgraded the stock to Buy from Neutral. Its $48 target price is less than the $52.80 consensus figure. Monday’s close was at $43.87.

Qualys Inc. (NASDAQ: QLYS): Stephens started coverage with an Equal Weight rating and a $145 target price. The consensus target is $137.06, well less than Monday’s close at $144.72.

Strategic Education Inc. (NASDAQ: STRA): The BofA Securities upgrade to Buy from Neutral included a target price hike to $99 from $90. The consensus target is $91.00. Monday’s close was at $78.06.

Tenable Holdings Inc. (NASDAQ: TENB): Stephens started coverage with an Overweight rating. Its $60 target price is higher than the consensus target of $53.06 and Monday’s closing share price of $45.08.

Walmart Inc. (NYSE: WMT): RBC Capital Markets reiterated an Outperform rating and bumped its $165 target price up to $168. The consensus target is $175.39. On Monday, shares closed at $157.51.

Seven outstanding stocks make sense for growth and income investors looking to add energy, as they are rated Buy, pay large and dependable dividends, and have solid upside to the posted price targets.

Also check out a huge IPO in the works and how much clout Elon Musk really has.

Monday’s top analyst upgrades and downgrades included Aflac, Datadog, DoubleVerify, Dynatrace, Farfetch, Lumentum, Marvell Technology, Sea, Trade Desk, Wayfair and XPO.

Originally published at 24/7 Wall St.

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