Wednesday’s Top Analyst Upgrades and Downgrades: Bumble, Chewy, LendingClub, Match, Nasdaq, Palo Alto Networks, Range Resources, Spotify and More

Chewy Inc. (NYSE: CHWY): JMP Securities started coverage with a Market Outperform rating and a $50 target price. The consensus target is $45.45. Tuesday’s close was at $35.58.

EQT Corp. (NYSE: EQT): Truist Financial’s downgrade to Hold from Buy included a price target cut to $28 from $41. The consensus target is up at $46.63. The shares closed on Tuesday at $33.42.

GoDaddy Inc. (NYSE: GDDY): Baird initiated coverage with an Outperform rating and a $95 target price. The consensus target is $94.49. The shares closed on Tuesday at $76.72.

Leggett & Platt Inc. (NYSE: LEG): As Goldman Sachs downgraded the stock to Neutral from Buy, its $39 price target was lowered to $34. The consensus target is $31.67. The shares closed on Tuesday at $31.52.

LendingClub Corp. (NYSE: LC): J.P. Morgan initiated coverage with an Overweight rating and an $11 target price. The consensus target is $11.86. The shares closed 4% higher on Tuesday at $7.15 after the upgrade.

Match Group Inc. (NASDAQ: MTCH): Baird initiated coverage with an Outperform rating and a $50 target. The consensus target is $61.68. The stock closed on Tuesday at $36.10.

MGIC Investment Corp. (NYSE: MTG): Compass Point upgraded the stock to Buy from Neutral. Its $18 target price compares with a $16.19 consensus target and Tuesday’s close at $13.76, which was up almost 4% on the day.

Murphy Oil Corp. (NYSE: MUR): Truist Financial raised its Hold rating to Buy. It also raised its $49 target price to $56, well above the $49.36 consensus target. The shares ended Tuesday trading at $39.50.

Nasdaq Inc. (NASDAQ: NDAQ): Morgan Stanley downgraded the stock to Equal Weight from Overweight and its $70 target price dropped to $60. The consensus target is $64.31. Tuesday’s close was at $54.35.

New York Community Bancorp Inc. (NYSE: NYCB): Jefferies upgraded the stock to Buy from Hold and has an $11 target price. The consensus target is $10.98. The stock closed over 3% higher on Tuesday at $9.06.

Palo Alto Networks Inc. (NASDAQ: PANW): Zacks named this as its Bull of the Day stock, citing the growing importance of cybersecurity. Shares last closed at $192.81, and the $222.03 consensus target price would be an all-time high.

Radian Group Inc. (NYSE: RDN): Compass Point upgraded the stock from Neutral to Buy with a $29 target price. The consensus target is $24.36. The upgrade and positive comments helped the stock close at $23.11, a gain of almost 6% on the day.

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