Analysts were busy this week, upgrading, changing price targets, and initiating coverage on a variety of companies.
Wynn Resorts (WYNN) - Get Report was upgraded by Argus Research analyst John Staszak to buy from hold with a price target of $160 amid optimism about the casino operator's properties in Las Vegas, Boston and Macau.
ViacomCBS (VIACA) - Get Report received an upgrade to outperform from peer perform from Wolfe Research analyst John Janedis, who trimmed his price target to $70 from $80 to reflect recent market activity.
Victoria's Secret parent L Brands (LB) - Get Report and Abercrombie & Fitch (ANF) - Get Report were among the retailers upgraded by a UBS analyst to buy as he favors stocks with strong and under-appreciated post-pandemic growth prospects.
Hudbay Minerals (HBM) - Get Report received a double upgrade from analysts at Bank of America to buy from underperform. Analyst Lawson Winder raised his price target for the Canadian copper miner to C$12.20 from C$10.60 a share.
United Airlines (UAL) - Get Report and Alaska Air Group (ALK) - Get Report were upgraded by Morgan Stanley. United was upgraded to equal weight from underweight, and Alaska Air went to overweight from equal weight.
Honeywell International (HON) - Get Report WAS upgraded by Deutsche Bank to buy from hold who believes the industrial giant's stock WAS one of the most attractive in its peer group. Analyst Nicole DeBlase raised her price target to $244 from $222 a share.
Charles Schwab (SCHW) - Get Report was added to Goldman Sachs' Conviction Buy list ahead of its earnings report. Goldman raised its price target on the largest publicly traded e-broker to $77 from $67.
WW International (WW) - Get Report was downgraded by Morgan Stanley analyst Lauren Schenk to equal weight from overweight, saying she was "underwhelmed by the magnitude of subscriber growth" at the weight-loss program operator.
Initiations of Coverage
Jefferies analyst David Katz initiated coverage of Golden Nugget Online Gaming (GNOG) - Get Report with a buy rating and a $28 price target "based on demonstrated leadership-level assets and capabilities."
Sunrun (RUN) - Get Report is "the leading player in the rapidly growing U.S. rooftop solar market," said RBC Capital Elvira Scotto, who initiated coverage on shares of the solar-energy company with an outperform rating and $81 price target.