Wednesday’s Top Analyst Upgrades and Downgrades: Apple, Caterpillar, Costco, Hasbro, Rivian, Tapestry, Walmart and More

Costco Wholesale Corp. (NASDAQ: COST): Credit Suisse resumed coverage with a Neutral rating but lowered its $550 price objective to $520. The consensus target is $551.60. The stock closed on Tuesday at $457.82.

Cytokinetics Inc. (NASDAQ: CYTK): Truist Securities initiated coverage with a Buy rating and a $60 target price. The consensus target is $62.36. The stock closed on Tuesday at $44.46.

Fabrinet (NYSE: FN): J.P. Morgan upgraded the stock to Overweight from Neutral and raised its $126 target price to $156. That compares with the $130.10 consensus target and Tuesday’s close at $130.02, which was up over 4% on the day.

Generac Holdings Inc. (NASDAQ: GNRC): When Baird downgraded the stock to Neutral from Outperform, it trimmed its $122 target price to $119. The consensus target is up at $151.75. Tuesday’s close was at $90.93.

Hain Celestial Group Inc. (NASDAQ: HAIN): Stifel started coverage with a Hold rating and a $17 target price. The consensus target is higher at $24.50. The last trade on Tuesday was for $15.37 a share.

Hasbro Inc. (NASDAQ: HAS): Citing the weak November retail sales report, Zacks named this stock as its Bear of the Day. Shares have traded as high as $105.73 in the past year but closed most recently at $54.79.

Hostess Brands Inc. (NASDAQ: TWNK): Morgan Stanley downgraded the snack heavyweight to Equal Weight from Overweight. It also cut its $30 target price to $25, below the $29.80 consensus target. The stock closed on Tuesday at $22.77.

JELD-WEN Holding Inc. (NYSE: JELD): J.P. Morgan raised its Underweight rating to Neutral with a $9.50 target price. The consensus target is $10.54. The last trade Tuesday was posted at $9.65.

Kinsale Capital Group Inc. (NYSE: KNSL): Compass Point’s upgrade was from Neutral to Buy with a $330 target price. The consensus target is $313. Tuesday’s close was at $273.06.

Lumentum Holding Inc. (NASDAQ: LITE): J.P. Morgan’s downgraded to Neutral from Overweight included a target price cut to $64 from $83. The consensus target is $76.31, and the stock closed on Tuesday at $50.45.

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