Wednesday’s Top Wall Street Analyst Upgrades and Downgrades: AT&T, Best Buy, Dollar General, Microsoft, Oracle, Salesforce, Verizon, Wendy’s and More

Best Buy Co. Inc. (NYSE: BBY): Truist Financial maintained a Hold rating and a $77 target price. The consensus target is $79.61. Tuesday’s $76.79 close was almost 4% higher after the retailer posted solid results.

Celanese Corp. (NYSE: CE): Piper Sandler cut its Neutral rating to Underweight and its $120 target price to $112. The consensus target is $130.28. Shares closed on Tuesday at $121.99.

Dollar General Corp. (NYSE: DG): Oppenheimer reiterated an Outperform rating with a $195 price target. That compares with a $186.30 consensus target and Tuesday’s closing price of $154.99 a share.

Farfetch Inc. (NYSE: FTCH): When Morgan Stanley downgraded the stock to Equal Weight from Overweight, the analyst slashed the $20 price target to $5. The consensus target is $7.45. The stock closed on Tuesday at $2.86.

First Bancshares Inc. (NASDAQ: FBMS): D.A. Davidson’s upgrade was to Buy from Neutral. The consensus target is $34.85, and the stock was last seen on Tuesday trading at $28.98.

Fomento Economico Mexicano SAB de C.V. (NYSE: FMX): Its Bull of the Day stock is a defensive staple that has been widely outperforming this year, says Zacks. Shares of this Coca-Cola bottler last closed at $118.67 and have a consensus price target of $121.50, which would be an all-time high.

Forward Air Corp. (NASDAQ: FWRD): Although Jefferies upgraded the stock to Buy from Hold, its $110 price target dropped to $85. The consensus target is $89.50 for now. The shares closed on Tuesday at $74.02. The company recently announced a merger with Omni Logistics.

Hersha Hospitality Trust (NYSE: HT): As Barclays upgraded the stock to Equal Weight from Underweight, its $8 target price rose to $10. The $9.28 consensus target is less than Tuesday’s $9.81 close.

Microsoft Corp. (NASDAQ: MSFT): Jefferies reiterated a Buy rating. Its $400 target price is well above the consensus target of $387.17 and Tuesday’s close at $327.93.

Navitas Semiconductor Corp. (NASDAQ: NVTS): Morgan Stanley started coverage with an Equal Weight rating and a $9.20 target price. The consensus target is higher at $11.47. Tuesday’s $8.15 close was down over 3% for the day.

NextEra Energy Partners L.P. (NYSE: NEP): Raymond James upgraded the shares to Outperform from Market Perform. The consensus target is $75.93. The stock closed almost 5% higher on Tuesday at $50.87 due to the upgrade and positive commentary.

Noah Holdings Ltd. (NYSE: NOAH): J.P. Morgan upgraded the stock to Overweight from Neutral. Its $18 target price is less than the consensus target of $21.07. Tuesday’s $13.52 close was up over 13% for the day, after the upgrade.

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