Ford, Twitter: Latest Upgrades and Downgrades - TheStreet

Ford, Twitter: Latest Upgrades and Downgrades

TheStreet's weekly guide to upgrades and price target changes includes Chewy, Ford and Twitter
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Analysts were busy this week, upgrading, changing price targets, and initiating coverage of a variety of companies.

Upgrade

Online-pet-products retailer Chewy  (CHWY) - Get 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 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 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. 

Ford  (F) - Get Report was upgraded to buy from hold by Benchmark analyst Michael Ward, who also introduced a price target of $10 a share.

Chinese electric-vehicle maker Nio  (NIO) - Get 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.

Micron  (MU) - Get Report was upgraded to buy from hold by Deutsche Bank analysts, who also raised their price target 20% to $60 a share from $50.

Twitter  (TWTR) - Get Report was upgraded to buy from hold by Deutsche Bank analyst Lloyd Walmsley, who also set a share price target on the microblogging platform.

Downgrade

Fastly  (FSLY) - Get 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.

Data analysis software company Splunk  (SPLK) - Get Report was double downgraded by UBS analyst Karl Keirstead to sell from buy. He slashed his share-price target to $165 from $242.

Wynn Resorts  (WYNN) - Get Report was downgraded by Jefferies analyst David Katz, who also slashed his share-price target to $81 from $111.

Roth Capital analyst Craig Irwin downgraded electric truck maker Workhorse Group  (WKHS) - Get Report to neutral from buy and cut his share-price target to $27 from $33

Price Target Change

Wedbush analyst Jennifer Redding lifted her price target on retailer Dillard's  (DDS) - Get 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 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 Report to a $144 from $115.