Analysts were busy this week, upgrading and changing their price targets for a variety of companies.
Nikola (NKLA) – Get Report was upgraded to neutral from underperform by a Wedbush analyst, who also raised his price target on the electric truck maker to $25 from $15.
Kohl’s (KSS) – Get Report was upgraded to outperform from market perform by analysts at Cowen, who also raised their price target on department store chain to $52 a share from $39.
Palo Alto Networks (PANW) – Get Report was upgraded to outperform from neutral by a Credit Suisse analyst, who raised his price target on the cybersecurity company to $425 from $385.
Micron Technology (MU) – Get Report received a double upgrade to buy from sell from Citigroup analysts,who raised their price target on the chipmaker by $65 to $100 per share. Deutsche Bank also boosted its price target by $10 to $85 a share, while RBC Capital Markets raised its price target by $26 to $83 per share
Several Wall Street analysts lifted their one-year price targets for Google parent Alphabet (GOOGL) – Get Report after the company’s fourth-quarter earnings beat estimates. Susquehanna’s Shyam Patil, for example, lifted his target to a Wall Street-high of $3,000 from $2,000.
Stitch Fix (SFIX) – Get Report was downgraded to hold from buy by Stifel analyst Lamont Williams, who raised his price target to $83 from $64 on the online apparel retailer to reflect the stock’s recent surge.
Qualcomm (QCOM) – Get Report was downgraded by Citi analyst Christopher Danely to neutral from buy. Danely also lowered his price target on the mobile-phone chipmaker to $165 a share from $194.