Wednesday’s Top Analyst Upgrades and Downgrades: Boeing, Coinbase, Costco, Merck, Regions Financial, Wayfair and More

Coinbase Global Inc. (NASDAQ: COIN): Oppenheimer maintained an Outperform rating on the stock and has an $84 target price. The consensus is near $64, and the last trade on Tuesday was recorded at $61.89.

Comerica Inc. (NYSE: CMA): Truist Financial resumed coverage with a Buy rating and a $78 price target. The consensus target is up at $82, but shares closed on Tuesday at $66.60.

Costco Wholesale Corp. (NASDAQ: COST): Northcoast lifted its Neutral rating to Buy with a $560 target price. The consensus target is $547.16. Tuesday’s close was at $485.15.

CymaBay Therapeutics Inc. (NASDAQ: CBAY): Oppenheimer raised its $10 target price on the Outperform-rated stock to $12. The consensus target is $11.78. The stock closed on Tuesday at $9.02.

Envista Holdings Corp. (NYSE: NVST): BofA Securities raised its target price on the Buy-rated shares to $47 from $43. The consensus target is $45.25. The stock closed on Tuesday at $38.81.

Guidewire Software Inc. (NYSE: GWRE): Oppenheimer reiterated an Outperform rating. Its $85 target price objective is well above the $77.88 consensus and Tuesday’s closing print of $75.15, which was up over 5% for the day after revenues topped estimates.

Hesai Group (NASDAQ: HSAI): Credit Suisse started coverage with an Outperform rating and a $28 target price. The consensus target is $27.98. The stock closed almost 3% lower on Tuesday at $18.47 with the very weak tape.

Interactive Brokers Group Inc. (NASDAQ: IBKR): Jefferies maintained a Buy rating with a $104 target price. The consensus target is $102.67. Tuesday’s close was at $88.56.

ITT Inc. (NYSE: ITT): Stifel reiterated a Buy rating. Its $107 target price compares with the $98.60 consensus target and Tuesday’s close at $91.90.

Lightspeed Commerce Inc. (NYSE: LSPD): MoffettNathanson’s downgrade was from Outperform to Market Perform with a $17 target price. The consensus target is up at $29.95. The stock closed lower by 4% on Tuesday at $14.77 following the downgrade.

Mercantile Bank Corp. (NASDAQ: MBWM): Piper Sandler upgraded the stock to Overweight from Neutral. The analyst also bumped the $38 price target to $40, above the $39.30 consensus target. The stock closed on Tuesday at $34.81.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.