🌎 Rivian Automotive Downgraded, NIO Downgraded, Boeing Downgraded and more…

🌎 Rivian Automotive Downgraded, NIO Downgraded, Boeing Downgraded and…

February 23, 2024
by RJ Hamster

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February 23rd, 2024

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Today’s Top Stories

Stock ideas from the 2024 Microcap Conference

Gloom settles in over Germany’s economy as businesses remain downbeat about coming months

If everyone knew this, Wall Street would go out of business (Base Camp)

How to invest in airline stocks

Stock market today: Wall Street wavers, but remains on track for another winning week

Dropbox’s stock is a falling knife worth catching

How major US stock indexes fared Thursday, 2/22/2024

Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Vector Vest)

Warner Bros. Discover: Debt down, profits up, yet questions remain

Nvidia’s stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers

Bloomin’ Brands could blossom in 2024

Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

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Your Watchlist (Manage Your Watchlist and Monitor Your Portfolio)

Apple Inc. (AAPL)
Amazon.com, Inc. (AMZN)
Alphabet Inc. (GOOGL)
- CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the transaction, the chief executive officer now owns 2,355,191 shares in the company, valued at $336,980,728.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
- insider John Kent Walker sold 48,076 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the sale, the insider now owns 12,725 shares in the company, valued at $1,809,495. The sale was disclosed in a legal filing with the SEC, which is available through this link.
- (2/23) Reddit’s IPO Filing Puts These ETFs in Focus (zacks.com)
- (2/23) Alphabet target lifted as search resilience underappreciated – Redburn(investing.com)
- (2/23) ‘It’s Coming:’ Elon Musk Hints At Launching ‘XMail’ As Alternative To Gmail Even As Google’s Service Says It’s ‘Here To Say’ (msn.com)
- (2/23) Google CEO Sundar Pichai Discusses AI’s Key Role In Defending Against Cyber Threats (msn.com)
- (2/23) Google just can’t seem to catch a break (businessinsider.com)
- (2/23) GOOG Stock Analysis: Why Right Now Is the Best Time to Buy Alphabet(investorplace.com)
- (2/23) 7 Stocks That Should Be on Every Investor’s Must-Buy List (investorplace.com)
- (2/23) Rollins Financial Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)(marketbeat.com)
- (2/23) Reddit strikes $60M deal allowing Google to train AI models on its posts, unveils IPO plans (techxplore.com)
- (2/23) AI can ‘disproportionately’ help defend against cybersecurity threats, Google CEO Sundar Pichai says (cnbc.com)
Meta Platforms, Inc. (META)
- insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $469.88, for a total value of $274,879.80. Following the completion of the transaction, the insider now owns 42,493 shares of the company’s stock, valued at $19,966,610.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
- (2/23) Eagle Asset Management Inc. Has $28.39 Million Position in Meta Platforms, Inc. (NASDAQ:META) (marketbeat.com)
- (2/23) Instagram and Facebook knowingly platform parents who sexually exploit children for profit, say reports (msn.com)
- (2/23) Meta Staff Found Instagram Tool Enabled Child Exploitation. The Company Pressed Ahead Anyway. (wsj.com)
- (2/23) Meta Platforms, Inc. (META) Hit a 52 Week High, Can the Run Continue?(zacks.com)
- (2/23) Why this $4.5-billion money manager is adding Meta Platforms and trimming Apple (theglobeandmail.com)
- (2/23) Zacks.com featured highlights Netflix, Meta Platforms, Deckers Outdoor and GigaCloud Technology (finance.yahoo.com)
- (2/23) Meta Platforms, Inc. to Post Q1 2024 Earnings of $3.92 Per Share, Zacks Research Forecasts (NASDAQ:META) (marketbeat.com)
- (2/23) Meta’s cross-platform initiative: Connecting Facebook and Instagram Threads for effortless content sharing (gadgetsnow.com)
- (2/23) Cost Controls and Margin Expansion Led Meta Platforms (META) to Outperform in 2023 (finance.yahoo.com)
Microsoft Co. (MSFT)

Analysts’ Upgrades

ATN International (NASDAQ:ATNI) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $40.00 price target on the stock, up previously from $39.00. This represents a 7.9% upside from the current price of $37.06.
AXT (NASDAQ:AXTI) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $3.80 price target on the stock, up previously from $2.40. This represents a 0.5% upside from the current price of $3.78.
AXT (NASDAQ:AXTI) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $3.75 price target on the stock, up previously from $2.25. This represents a 0.8% downside from the current price of $3.78.
Church & Dwight (NYSE:CHD) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $115.00 price target on the stock. This represents a 15.1% upside from the current price of $99.88.
Cenovus Energy (NYSE:CVE) (TSE:CVE) was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating.The current price is $17.57.
Carvana (NYSE:CVNA) was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.The current price is $69.90.
Carvana (NYSE:CVNA) was upgraded by analysts at Raymond James from an “underperform” rating to a “market perform” rating.The current price is $69.90.
DraftKings (NASDAQ:DKNG) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $50.00 price target on the stock, up previously from $41.00. This represents a 18.0% upside from the current price of $42.36.
Franklin Electric (NASDAQ:FELE) was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating. They now have a $110.00 price target on the stock. This represents a 10.1% upside from the current price of $99.89.
Fluence Energy (NASDAQ:FLNC) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $23.00 price target on the stock. This represents a 59.4% upside from the current price of $14.43.
FOX (NASDAQ:FOXA) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock, up previously from $34.00. This represents a 15.4% upside from the current price of $30.32.
Genmab A/S (NASDAQ:GMAB) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $48.00 price target on the stock, up previously from $46.00. This represents a 64.3% upside from the current price of $29.21.
Huntsman (NYSE:HUN) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $32.00 price target on the stock, up previously from $25.00. This represents a 21.2% upside from the current price of $26.41.
Mercedes-Benz Group (OTCMKTS:MBGYY) was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
Phillips Edison & Company, Inc. (NASDAQ:PECO) was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $37.00 price target on the stock, up previously from $35.00. This represents a 6.4% upside from the current price of $34.76.
Repsol (OTCMKTS:REPYY) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.The current price is $15.55.
Ross Stores (NASDAQ:ROST) was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $142.00 price target on the stock, up previously from $85.00. This represents a 4.3% downside from the current price of $148.31.
AB SKF (publ) (OTCMKTS:SKFRY) was upgraded by analysts at UBS Group AG from a “sell” rating to a “buy” rating.The current price is $20.95.
Block (NYSE:SQ) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $95.00 price target on the stock. This represents a 19.5% upside from the current price of $79.48.
Summit Materials (NYSE:SUM) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating. They now have a $47.00 price target on the stock, up previously from $40.00. This represents a 9.9% upside from the current price of $42.75.
View today’s most recent analysts’ upgrades at MarketBeat.com

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Analysts’ Downgrades

Applied Optoelectronics (NASDAQ:AAOI) was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $16.00 price target on the stock, down previously from $22.00. This represents a 26.1% upside from the current price of $12.69.
Allegion (NYSE:ALLE) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $141.00 price target on the stock, up previously from $140.00. This represents a 9.2% upside from the current price of $129.11.
Altair Engineering (NASDAQ:ALTR) was downgraded by analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating. They now have a $88.00 price target on the stock, up previously from $74.00. This represents a 3.6% upside from the current price of $84.92.
Boeing (NYSE:BA) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.The current price is $201.33.
Brighthouse Financial (NASDAQ:BHF) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $52.00 price target on the stock. This represents a 8.2% upside from the current price of $48.04.
Fox Factory (NASDAQ:FOXF) was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $55.00 price target on the stock. This represents a 16.7% upside from the current price of $47.11.
TechnipFMC (NYSE:FTI) was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.The current price is $21.15.
Johnson Controls International (NYSE:JCI) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $62.00 price target on the stock. This represents a 6.4% upside from the current price of $58.29.
Liberty Global (NASDAQ:LBTYA) was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating.The current price is $18.34.
Pulmonx (NASDAQ:LUNG) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $14.00 price target on the stock, down previously from $16.00. This represents a 28.7% upside from the current price of $10.88.
ModivCare (NASDAQ:MODV) was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $39.00 price target on the stock, down previously from $60.00. This represents a 32.1% upside from the current price of $29.52.
ModivCare (NASDAQ:MODV) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock, down previously from $60.00. This represents a 35.5% upside from the current price of $29.52.
NIO (NYSE:NIO) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $5.00 price target on the stock, down previously from $8.50. This represents a 7.7% downside from the current price of $5.42.
Sunnova Energy International (NYSE:NOVA) was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $9.00 price target on the stock, down previously from $12.00. This represents a 20.6% upside from the current price of $7.46.
Intellia Therapeutics (NASDAQ:NTLA) was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $32.00 price target on the stock, down previously from $136.00. This represents a 24.4% upside from the current price of $25.73.
Nutrien (NYSE:NTR) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $48.00 price target on the stock, down previously from $58.00. This represents a 9.5% downside from the current price of $53.05.
Penumbra (NYSE:PEN) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $250.00 price target on the stock, down previously from $284.00. This represents a 1.8% upside from the current price of $245.46.
Piedmont Lithium (NASDAQ:PLL) was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.The current price is $12.46.
Rivian Automotive (NASDAQ:RIVN) was downgraded by analysts at UBS Group AG from a “buy” rating to a “sell” rating. They now have a $8.00 price target on the stock, down previously from $24.00. This represents a 22.4% downside from the current price of $10.31.
Vicor (NASDAQ:VICR) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock. This represents a 5.5% upside from the current price of $37.92.
View today’s most recent analysts’ downgrades at MarketBeat.com

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Analysts’ New Coverage

Adeia (NASDAQ:ADEA) is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $15.00 price target on the stock. This represents a 31.9% upside from the current price of $11.37.
BioNTech (NASDAQ:BNTX) is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $127.00 price target on the stock. This represents a 35.4% upside from the current price of $93.77.
Cantaloupe (NASDAQ:CTLP) is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $10.00 price target on the stock. This represents a 51.1% upside from the current price of $6.62.
i3 Verticals (NASDAQ:IIIV) is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $28.00 price target on the stock. This represents a 25.2% upside from the current price of $22.36.
Incyte (NASDAQ:INCY) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $81.00 price target on the stock. This represents a 32.4% upside from the current price of $61.20.
Nuvalent (NASDAQ:NUVL) is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $105.00 price target on the stock. This represents a 21.8% upside from the current price of $86.21.
Novartis (NYSE:NVS) is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $114.00 price target on the stock. This represents a 9.6% upside from the current price of $104.05.
ORIC Pharmaceuticals (NASDAQ:ORIC) is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating on the stock.The current price is $10.99.
Pfizer (NYSE:PFE) is now covered by analysts at Guggenheim. They set a “buy” rating and a $36.00 price target on the stock. This represents a 28.4% upside from the current price of $28.04.
CPI Card Group (NASDAQ:PMTS) is now covered by analysts at Roth Mkm. They set a “buy” rating and a $40.00 price target on the stock. This represents a 107.8% upside from the current price of $19.25.
View today’s most recent analysts’ new coverage at MarketBeat.com

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🌎 Rivian Automotive Downgraded, NIO Downgraded, Boeing Downgraded and more…

🌎 Rivian Automotive Downgraded, NIO Downgraded, Boeing Downgraded and…

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