Analysts were busy this week, upgrading, changing price targets, and initiating coverage of a variety of companies.
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.
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.
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.
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.