Wednesday’s Top Analyst Upgrades and Downgrades: Carvana, Coinbase, Etsy, GE Healthcare, Home Depot, Royal Caribbean, Warner Bros Discovery and More

Canadian Pacific Kansas City Ltd. (NYSE: CP): Argus upgraded the stock to Buy from Hold and has an $88 target price. The consensus target is higher at $118.21. Wednesday’s close was at $82.81.

Carvana Co. (NYSE: CVNA): Morgan Stanley resumed coverage with an Equal Weight rating and a $12 target price. The consensus target is $10.22. The shares closed over 8% lower on Tuesday at $10.60.

Coinbase Global Inc. (NASDAQ: COIN): Berenberg initiated coverage with a Hold rating and a $55 target price. The consensus target is around $69. Tuesday’s close at $57.88 was down almost 5% for the day.

Cullen/Frost Bankers Inc. (NYSE: CFR): Morgan Stanley’s downgrade to Equal Weight from Overweight included a price target trim to $121 from $127. The consensus target is $122.15. Tuesday’s close was at $96.25.

Etsy Inc. (NYSE: ETSY): Morgan Stanley reiterated an Equal Weight rating and reduced its $79 target price to $74. The consensus target is $122.90 for now. The shares closed over 5% lower on Tuesday at $92.65.

First Horizon Corp. (NYSE: FHN): BofA Securities resumed coverage with a Buy rating and a $14 price target. The consensus target is $17.14, and shares closed on Tuesday at $10.25.

GE Healthcare Technologies Inc. (NASDAQ: GEHC): Oppenheimer started coverage with an Outperform rating and a $97 target price. The consensus target is $92.40. The shares closed on Tuesday at $77.78.

Gilead Sciences Inc. (NASDAQ: GILD): As BMO Capital Markets upgraded the stock to Outperform from Market Perform, its price target increased to $100 from $90. That compares with a $91.17 consensus target and Wednesday’s closing print of $78.32.

Home Depot Inc. (NYSE: HD): Jefferies reiterated a Buy rating with a $355 price target. The consensus target is $325.09. The stock closed Tuesday at $282.33, down close to 3% on the day after posting disappointing results.

Mosaic Co. (NYSE: MOS): Berenberg resumed coverage with a Hold rating and cut its $47 target price to $38. The consensus target is $47.59. Tuesday’s close at $35.26 was down almost 4% on the day.

Nextracker Inc. (NASDAQ: NXT): Exane BNP Paribas upgraded the shares to Outperform from Neutral. The firm’s $45 target price is higher than the $39.85 consensus target. Tuesday’s closing share price was $37.51, down almost 7% for the day despite the upgrade.

NovoCure Ltd. (NASDAQ: NVCR): Wells Fargo’s upgrade to Overweight from Equal Weight came with a target price hike to $104 from $70. The consensus target is $92.86. The stock finished Tuesday’s session at $80.64, up almost 4% for the day on the upgrade.

Palomar Holdings Inc. (NASDAQ: PLMR): Keefe Bruyette raised its Market Perform rating to Outperform and its $59 target price to $64. The consensus target is $62.17. The stock closed Wednesday at $49.58, which was up over 5% after the upgrade.

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