Stocks were indicated lower on Wednesday as key earnings acted as a drag and as a private sector jobs report was a tad hotter than expected. Many investors are fine-tuning portfolios for trading and investing in 2025. This is where the daily flow of analyst upgrades, downgrades and initiations can come into play for new ideas.
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Analyst reports can bring ideas for short-term traders with live price reactions on the spot in the immediate and short-term views, or they can offer long-term perspectives for investors looking months or years into the future. Oggonomics always reminds its readers that no single analyst report should ever be used as the sole basis to buy or sell a stock.
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These are the top analyst upgrades, downgrades and initiations for Wednesday, February 5, 2025.
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Advanced Micro Devices Inc. (NASDAQ: AMD) closed up 4.6% at $119.50 ahead of earnings and was trading down almost 10% at $107.80 on Wednesday morning after data center growth disappointed. AMD was reiterated at Overweight and its price target was cut to $140 from $150 at KeyBanc; AMD was reiterated at Neutral with a price objective cut to $135 from $150 at BofA Securities.
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Alphabet Inc. (NASDAQ: GOOGL) closed up 2.5% at $206.38 ahead of earnings but was indicated down 7.5% at $191.00 on Wednesday’s early post-earnings reaction. Alphabet was maintained as Overweight but its target was cut to $210 from $215 at Morgan Stanley. Needham reiterated its Buy rating and $225 price target. DA Davidson maintained its Neutral rating and $200 price target.
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American Eagle Outfitters (NYSE: AEO) was downgraded to Equal-Weight from Overweight and its price target was cut to $17 from $19 at Barclays.
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Cardinal Health (NTYSE: CAH) was raised to Buy from Hold and its price target was raised to $150 from $140 at Jefferies.
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Chipotle Mexican Grill, Inc. (NYSE: CMG) was reiterated as Outperform and its price target was cut to $64 from $69 at Wedbush Securities; KeyBanc maintained its Overweight rating but trimmed its target to $64 from $66; Barclays maintained its Equal-Weight rating but cut its target to $60 from $63; Chipotle was reiterated at Equal-Weight with a price target cut to $60 from $61 at Stephens.
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Ferrari NV (NYSE: RACE) was downgraded to Equal-Weight from Overweight at Barclays.
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FMC Corporation (NYSE: FMC) was downgraded to Sector Perform from Outperform and its price target was cut to $47 from $78 at RBC Capital Markets. Morgan Stanley maintained its Equal-Weight rating but slashed its target to $46 from $70. FMC was one of Wednesday’s top earnings losers with its stock indicated down almost 25% at $40.60 after closing at $54.04 on Tuesday.
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Hilton Worldwide Holdings Inc. (NYSE: HLT) was downgraded to Neutral from Outperform but its price target was raised to $263 from $243 (versus $258.74 close) at Mizuho.
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Intuitive Machines, Inc. (NASDAQ: LUNR) was initiated with an Underperform rating with a $16 price objective at BofA Securities. LUNR stock closed at $21.58 on Tuesday and was indicated down 2% at $21.00 on Wednesday morning.
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Janus Henderson Group plc (NYSE: JHG) was raised to Overweight from Neutral and its price target was raised to $53 from $44 at JPMorgan. JHG stock closed at $4.02 on Tuesday and was indicated up 1% at $44.45 on Wednesday morning in early indications.
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The Lovesac Company (NASDAQ: LOVE) was named the Bear of the Day at Zacks, with the firm questioning whether or not this furniture company can rekindle its love for growth after a challenging earnings season.
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Mattel, Inc. (NASDAQ: MAT) was raised to Buy from Hold and its price target was raised to $28 from $20 at Jefferies. Mattel closed up 1.6% at $18.07 ahead of earnings but the stock was trading up 13% at $20.45 on Wednesday morning.
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Mercury Systems, Inc. (NASDAQ: MRCY) closed up 0.25 at $42.09 but was last seen trading up 18% at $50.00 on Wednesday’s pre-market reaction to earnings. Mercury Systems was raised to Outperform from Neutral with price target raised to $58 from $37 at Baird.
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MGIC Investment Corporation (NYSE: MTG) was downgraded to Neutral from Buy but its price target was raised to $27 from $24 at Compass Point.
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Molson Coors Beverage Company (NYSE: TAP) was raised to Neutral from Sell at Citigroup.
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NXP Semiconductors N.V. (NASDAQ: NXPI) was raised to Neutral from Sell at Citigroup; NXP was reiterated at Buy with a price target cut to $230 from $250 at Needham.
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Potbelly Corporation (NASDAQ: PBPB) was named the Bull of the Day at Zacks, as the fast-casual sandwich shop is hungry for growth with rising earnings and a breakout on the menu.
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Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) was raised to Outperform from Market Perform with price target raised to $834 from $762 (versus $697.05 close) at Leerink Partners.
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Silicon Laboratories Inc. (NASDAQ: SLAB) was reiterated as Buy and its price target was raised to $150 from $140 at Needham; SLAB was raised to Buy from Hold with its $160 target reiterated at Benchmark.
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Snap Inc. (NYSE: SNAP) was downgraded to Equal-Weight from Overweight and its price target was cut to $11 from $15 at Wells Fargo; Snap was reiterated as Neutral and its price target was raised to $14.50 from $14 at BofA Securities.
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Spotify Technology S.A. (NYSE: SPOT) was reiterated at Buy with price target raised to $700 from $650 at Canaccord Genuity. Guggenheim reiterated its Buy rating and raised its target to $675 from $520. Rosenblatt downgraded Spotify to Neutral from Buy but its price target was launched much higher to $658 from $473. Morgan Stanley maintained its Equal-Weight rating but raised its target to $670 from $550. Spotify closed up 13.2% at $621.77 on Tuesday after earnings.
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STMicroelectronics N.V. (NYSE: STM) was downgraded to Market Perform from Outperform with price target cut to $26 from $33 (versus $22.37 close) at Bernstein. It was indicated down 2.7% at $21.75 on Wednesday’s early trading indications.
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Warby Parker Inc. (NYSE: WRBY) was downgraded to Sell from Neutral at Citigroup as it has high tariff exposure. Warby Parker closed down 1.6% at $26.88 on Tuesday and was indicated down 4.8% at $25.60 on Wednesday in early trading indications.
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If you missed out on Tuesday’s top analyst upgrades and downgrades, they were in Palantir, AMC, Baker Hughes, Juniper, L3Harris and many more stocks.
