Thursday Afternoon Analyst Upgrades and Downgrades: Facebook, Honda, Stitch Fix and More

Investing

October 5, 2021 11: 45 am

Final Updated: October 5, 2021 12: 55 pm

Tech companies felt the sting Monday as Fb’s outage not only inflicted serious damage to the social media monumental however the tech sector at large. Nonetheless, markets bounced abet on Tuesday after this tough initiating. All once more traders are silent battling concerns over inflation and the strain on world provide chains, but on Tuesday traders can breathe more uncomplicated, for now.

24/7 Wall St. is reviewing some unprecedented analyst calls considered on Tuesday. We trust included the most modern name on each inventory, to boot to a contemporary Trading historical past and the consensus targets among analysts. Show that analyst calls considered earlier within the day were on Lordstown Motors, Nike, Tesla, Below Armour and extra.

Estee Lauder Companies Inc. (NYSE: EL): BofA Securities resumed protection with a Choose score and a $345 tag target. Shares were Trading at round $311, and the analysts’ consensus target is $366.40.

Fb Inc. (NASDAQ: FB): DZ Bank downgraded to the inventory a Protect score from Choose and has a $350 tag target. Shares were Trading intention $330 on Tuesday, and the consensus tag target is $417.62.

Honda Motor Co. Ltd. (NYSE: HMC): JPMorgan reduced its Chubby score to a Neutral. Shares were closing considered Trading round $30. They trust a consensus tag target of $38.70.

Paychex Inc. (NASDAQ: PAYX): Citigroup downgraded it to a Neutral score from Choose but raised the worth target to $125 from $121. The shares trust traded in a 52-week differ of $79.07 to $118.22, whereas the current share tag is intention $115.

Ping Identification Holding Corp. (NYSE: PING): Wells Fargo initiated protection with an Chubby score and a $32 tag target. The consensus tag target is $32.50, and the percentage tag is roughly $24.

Stitch Fix Inc. (NASDAQ: SFIX): Wedbush started protection with a Neutral score and a $45 tag target. The 52-week differ is $27.92 to $113.76, and the percentage tag is intention $39.

Skechers USA Inc. (NYSE: SKX): Wedbush initiated protection with a Neutral score and a $43 tag target. Shares were closing considered Trading intention $42 apiece. The consensus tag target is $64.13.

BofA Securities has printed its prime tips for the fourth quarter of 2021. They encompass large picks, comparable to Customary Electrical and Uber, along with a number of ability instant sale tips.

Meme shares on the transfer early Tuesday included ContextLogic and Lordstown Motors. And notice how worthy extra Tesla inventory Cathie Wood’s ARK Invest has dumped.

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