Lumentum Holdings Inc. (NASDAQ: LITE): BofA Securities downgraded the shares from Neutral to Underperform with a $50 target price. The consensus target is $54.63. The stock closed at $52.10 on Tuesday.
MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI): The BofA Securities downgrade was to Neutral from Buy, and it has a $72 target price. The consensus target is $65.00, shy of Tuesday’s close at $65.51.
Masimo Corp. (NASDAQ: MASI): Stifel downgraded the stock to Hold from Buy. The firm also slashed its $205 target price to $120, well below the consensus target of $186.75. Tuesday’s close at $1178.73 was down 20% for the day in the wake of disappointing preliminary results.
Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO): Macquarie started coverage with an Outperform rating and a $16.30 target price. The consensus target is $15.84, and the stock ended Tuesday trading at $13.00 a share.
Pinterest Inc. (NYSE: PINS): Evercore ISI raised its In Line rating to Outperform with a target price of $41. The consensus target is just $29.36, but the shares finished Tuesday at $30.31, up close to 4% on the day.
Shopify Inc. (NYSE: SHOP): Evercore ISI downgraded the stock to In Line from Outperform. Its $69 target price is still above the $62.45 consensus target, but the last trade on Tuesday was for $67.26 a share.
Trade Desk Inc. (NASDAQ: TTD) New Street downgraded the shares to Sell from Neutral, yet the analyst raised the target price to $69 from $57. The consensus target is $75.01. The stock closed over 2% lower on Tuesday at $88.53.
UnitedHealth Group Inc. (NYSE: UNH): Bernstein boosted its Market Perform rating to Outperform and its $595 target price to $603. That compares with a $571.65 consensus target and Tuesday’s closing print of $500, which was up over 3% on the day.
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Tuesday’s top analyst upgrades and downgrades included Alphabet, Apple, Aramark, AT&T, Chewy, Etsy, Fisker, Frontier Communications Parent, Leslie’s, Meta Platforms, Netflix, Nvidia, PACCAR, Progressive, Tesla, Twilio and Wells Fargo.
Originally published at 24/7 Wall St.
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