Analysts were busy this week, upgrading, changing price targets, and initiating coverage of a variety of companies.
Online-pet-products retailer Chewy (CHWY) - Get Chewy, Inc. Class A Report was upgraded to buy from hold by Jefferies analyst Stephanie Wissink, who also nearly doubled her share-price target, to $100 from $59.
Wissink also upgraded bulk discount retailer Costco Wholesale (COST) - Get Costco Wholesale Corporation Report to buy from hold and also assigned the stock a price target of $435, up from $321, after assuming coverage of the shares.
Cars.com (CARS) - Get Cars.com, Inc. Report was upgraded to buy from hold by Craig-Hallum’s Steve Dyer, who raised his share-price target to $14 from $12. B. Riley Securities analyst Lee Krowl upgraded Cars.com to buy from neutral, boosting his share-price target to $11 from $9.
Chinese electric-vehicle maker Nio (NIO) - Get NIO Inc. Sponsored ADR Class A Report was upgraded by J.P. Morgan analyst Nick Lai to overweight from neutral, who nearly tripled his share-price target to a Wall-Street-high $40 from $14.
Fastly (FSLY) - Get Fastly, Inc. Class A Report downgraded by several analysts including Baird's William Power, who cut his rating to neutral from outperform and lowered his one-year price target to $85 from $105. Stifel analyst Brad Reback also downgraded Fastly to hold from buy and lowered his one-year price target to $77 from $98.
Price Target Change
Wedbush analyst Jennifer Redding lifted her price target on retailer Dillard's (DDS) - Get Dillard's, Inc. Class A Report by $16 to $46 per share, citing positive momentum for the group heading into the final months of the year.
Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report received a share-price target increase to $92 from $84 from RBC Capital Markets analyst Mitch Steves, who kept his rating of outperform on shares of the semiconductor maker.
Truist Securities analyst Youssef Squali raised his share-price target on exercise-equipment-and-software company Peloton Interactive (PTON) - Get Peloton Interactive, Inc. Class A Report to a $144 from $115.