Wednesday’s Top Analyst Upgrades and Downgrades: ADM, Baidu, Melco Resorts, Palantir, Peabody Energy, Philip Morris, Shopify and More

Avis Budget Group Inc. (NASDAQ: CAR): Morgan Stanley raised its Equal Weight rating to Overweight and its $182 target price to $230. The consensus target is up at $241.75. Tuesday’s close at $224.14 was up almost 10% for the day on the upgrade and positive commentary.

Baidu Inc. (NASDAQ: BIDU): As Morgan Stanley upgraded the stock to Overweight from Equal Weight, its $160 target price increased to $190. The consensus target is $180.69. The shares closed on Tuesday at $143.52.

Ball Corp. (NYSE: BALL): Wells Fargo’s upgrade to Equal Weight from Underweight included a target price boost to $55 from $52. The consensus target is $60.42. The stock close over 3% lower on Tuesday at $51.34 despite the upgrade.

Biogen Inc. (NASDAQ: BIIB): Oppenheimer reiterated an Outperform rating with a $360 price objective. That compares with a $335.04 consensus target and Tuesday’s closing print of $293.79.

Centene Inc. (NYSE: CNC): UBS initiated coverage with a Neutral rating and a $72 price target. The consensus target is $84.51. The last trade on Tuesday came in at $65.94.

Chubb Ltd. (NYSE: CB): Morgan Stanley initiated coverage with an Equal Weight rating and a $192 target price. The consensus target is up at $240.97. The shares closed at $193.27 on Tuesday.

Entegris Inc. (NASDAQ: ENTG): BMO Capital Markets started coverage with an Outperform rating. Its $129 target price is well above the consensus target of $107 and Tuesday’s $107.33 closing share price.

EPR Properties (NYSE: EPR): JMP Securities raised the stock to Market Outperform from Market Perform and has a $54 target. The consensus target is $46.50. The shares closed on Tuesday at $45.13.

Globant S.A. (NYSE: GLOB): Jefferies reiterated a Buy rating with a $227 target price. That compares with a $205.30 consensus target and Tuesday’s final trade for $188.12 a share.

Lemonade Inc. (NYSE: LMND): Morgan Stanley initiated coverage with an Underweight rating and a $14 target price. The consensus target is $16.21. Tuesday’s close at $18.13 was down almost 8% for the day on the downgrade.

ManpowerGroup Inc. (NYSE: MAN): Redburn started coverage with a Buy rating and a $94 target price. The consensus target is just $79.90, and the stock closed on Tuesday at $76.92.

Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO): Credit Suisse’s upgrade to Outperform from Neutral came with a target price hike to $18 from $14.20. The consensus target is $15.47. The stock ended Tuesday’s session at $12.90, which was up 3% for the day on the upgrade.

Palantir Technologies Inc. (NYSE: PLTR): Though Raymond James raised its $15 target price to $18, its rating dropped to Outperform from Strong Buy. The consensus target is $9.98 for now. The stock closed on Tuesday at $15.79, down over 3% for the day on the very weak tape.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.