Wednesday’s Top Analyst Upgrades and Downgrades: Delta Air Lines, Microchip Technology, Philip Morris, Pinduoduo, Shopify and More

Monday.com Ltd. (NASDAQ: MNDY): Oppenheimer reiterated an Outperform rating with a $160 target price. The consensus target is lower at $153.59. The stock closed on Tuesday at $98.43.

Paccar Inc. (NASDAQ: PCAR): Exane BNP Paribas lifted its Underperform rating to Neutral with a $100 target price. The consensus target is $97.65. Tuesday’s close was at $104.26.

Philip Morris International Inc. (NYSE: PM): Goldman Sachs raised its $85 target price to $95 while keeping a Neutral rating. The consensus target is $102.64. The shares ended Tuesday at $97.79.

Pinduoduo Inc. (NASDAQ: PDD): BofA Securities maintained a Buy rating after another strong earnings report. Its $92 target price compares with the consensus target of $91.15. The shares ended trading Tuesday at $78.43, up 6% after a rally in certain Chinese stocks.

Proto Labs Inc. (NASDAQ: PRLB): Lake Street started coverage with a Buy rating and a $29 target. The consensus target is higher at $34.50. The shares closed over 4% higher on Tuesday at $25.43.

Shopify Inc. (NASDAQ: SHOP): Oppenheimer reiterated a Buy rating with a $45 target price. The consensus target is $40.65. The last trade for Tuesday was recorded at $37.15.

Taboola.com Ltd. (NASDAQ: TBLA): Oppenheimer raised its $3.50 target price on the Outperformated stock to $4.50. The consensus target is $4.38. The shares closed on Tuesday at $2.47.

Welltower Inc. (NYSE: WELL): Stifel maintained a Hold rating on the senior housing REIT and has a $70 target price. The consensus target is higher at $78.45. Tuesday’s final trade at $69.20 was up almost 4% on the day.

Lower fuel prices could spur demand through the rest of the year and into the first quarter, and six outstanding energy stocks have the biggest and most dependable dividends and are Buy rated at top Wall Street firms.

Tuesday’s top analyst upgrades and downgrades included Activision Blizzard, AppLovin, Beyond Meat, BorgWarner, Cloudflare, Diamondback Energy, First Solar, Fortinet, Li Auto, Melco Resorts & Entertainment, Nio, Playtika, Roblox, Salesforce, Shopify, StoneCo, Twilio and Unity Software. Analyst calls seen later in the day were on Affirm, Canadian Pacific Railway, Darden Restaurants, Generac, Goodyear Tire & Rubber, Invitation Homes, PagSeguro Digital, Roku, Toast, United Parcel Service and more.

Originally published at 24/7 Wall St.

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