Analysts were busy this week, upgrading, changing price targets, and initiating coverage on a variety of companies.
Wynn Resorts (WYNN) - Get Wynn Resorts, Limited (WYNN) 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 ViacomCBS Inc. Class A 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 L Brands, Inc. (LB) Report and Abercrombie & Fitch (ANF) - Get Abercrombie & Fitch Co. Class A 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 Hudbay Minerals Inc 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.
Casino operators Caesars Entertainment (CZR) - Get Caesars Entertainment Corporation Report and MGM Resorts Entertainment International (MGM) - Get MGM Resorts International (MGM) Report were upgraded by Morgan Stanley to overweight from equal weight.
United Airlines (UAL) - Get United Airlines Holdings, Inc. Report and Alaska Air Group (ALK) - Get Alaska Air Group, Inc. 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 Honeywell International Inc. (HON) 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.
Carnival (CCL) - Get Carnival Corporation Report was upgraded to outperform from neutral by a Credit Suisse analyst who sees a mid or late-summer cruise restart from the COVID-19 shutdown as looking increasing likely.
Charles Schwab (SCHW) - Get Charles Schwab Corporation 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 WW International, Inc. 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.
F5 Networks (FFIV) - Get F5 Networks, Inc. Report was downgraded by Credit Suisse to neutral from outperform with a $207 price target ahead of its fiscal-second-quarter earnings report at the end of the month.
NXP Semiconductors (NXPI) - Get NXP Semiconductors NV Report was downgraded to equal weight from overweight by analysts at Morgan Stanley. The investment firm raised its price target on NXP to $213 a share from $190.
Apple (AAPL) - Get Apple Inc. (AAPL) Report had its price target cut to $156 from $164 a share by Morgan Stanley analyst Katy Huberty. who also raised her services revenue estimate for the technology giant.
General Electric (GE) - Get General Electric Company (GE) Report had its price target raised $2 to $17 a share --among the highest on Wall Street--by UBS analyst Markus Mittermaier, who maintained his buy rating.
Initiations of Coverage
Jefferies analyst David Katz initiated coverage of Golden Nugget Online Gaming (GNOG) - Get GOLDEN NUGGET ONLINE GAMING, INC. Report with a buy rating and a $28 price target "based on demonstrated leadership-level assets and capabilities."
Sunrun (RUN) - Get Sunrun Inc. 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.