Wednesday’s Top Analyst Upgrades and Downgrades: Activision Blizzard, Carnival, Citigroup, DraftKings, Foot Locker, Pinterest, Shopify and More

Carnival Corp. & PLC (NYSE: CCL): Argus upgraded the stock to Buy from Hold and has a $21 target. The consensus target is $16.46. The shares closed on Tuesday at $18.25, which was up over 3% for the day on the upgrade and the strong tape.

Casey’s General Stores Inc. (NASDAQ: CASY): Credit Suisse’s upgrade to Outperform from Neutral came with a target price hike to $285 from $235. The consensus target is $262.27. Tuesday’s close was at $255.75.

Citigroup Inc. (NYSE: C): Odeon’s Hold rating is now at Buy, with a $50.51 target price. The consensus target is $55.70. The last trade Tuesday came in at $47.02.

Coherent Corp. (NYSE: COHR): BofA Securities cut its Buy rating to Neutral with a $55 target price. The consensus target is $48.73. The stock closed over 5% lower on Tuesday at $48.37 after the downgrade.

Cryoport Inc. (NASDAQ: CYRX): When UBS downgraded the stock to Neutral from Buy, it also lowered its $28 target price to $17. That compares with a $26.25 consensus target and Tuesday’s closing share price of $15.90.

Darden Restaurants Inc. (NYSE: DRI): Piper Sandler initiated coverage with a Neutral rating and a $167 target price. The consensus target is up at $173.80, and the stock closed on Tuesday at $170.09.

DraftKings Inc. (NASDAQ: DKNG): Roth MKM reiterated a Sell rating but did nudge its $18 target price up to $20. The consensus target is $29.77, and Tuesday’s close was at $31.29.

Foot Locker Inc. (NYSE: FL): Its Bear of the Day stock is a clear laggard in the apparel and footwear space, says Zacks. Shares have traded as high as $47.22 in the past year but closed most recently at $26.00. That is down about 37% in the past 90 days.

FREYR Battery (NYSE: FREY): As Goldman Sachs downgraded the stock to Neutral from Buy, its $14 target price slipped to $10. The consensus target is $26.25. The last trade on Tuesday was for $8.89 a share. That was down over 7% for the day after the downgrade.

Leslie’s Inc. (NASDAQ: LESL): Loop Capital cut its rating to Hold from Buy and its price target to $6 from $16. The consensus target is $10.23. Tuesday’s $5.68 close was up over 4% for the day. The stock has been mauled over the past week, and that close could be a dead-cat bounce.

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