Wall Street analysts are constantly releasing and updating reports on stocks in their respective universes. These calls, whether positive or negative, play into the overall perception of the stock and can easily influence investors, especially if the broker calling is a big name on Wall Street.
While these analysts may differ in terms of their strategy or analytics, their bottom line is likely this: a stock is rising, falling or just keeping up with the market.
Every weekday, 24/7 Wall St. reviews. the research of leading analysts from major brokerage firms and investment houses, and we have compiled the best and most well-known upgrades and downgrades. It is important to note that no single analyst report should be used as the sole basis for any purchase or sale decision.
Here are some stocks that we think Wall Street has hated most over the past week.
Altria Group Inc. (NYSE: MO): RBC Capital Markets downgraded the tobacco giant from Outperform to Sector Perform with a $ 53 price target on Monday. The consensus target was $ 54.61, and the previous closing price was $ 53.62. The 52-week range is $ 42.53 to $ 53.96. The stock most recently closed at $ 52.25.
Beyond Meat Inc. (NASDAQ: BYND): Piper Sandler lowered the Underweight stock from Neutral and cut the $ 50 target price to $ 29 on Monday. The 52-week trading range was $ 35.74 to $ 160.28, and the previous close was at $ 48.63. The latest closing price was $ 48.31 per share.
Citigroup Inc. (NYSE: C): Morgan Stanley’s downgrade to Underweight from Equal Weight includes a price reduction target to $ 60 from $ 75. The stock closed Monday at $ 55.92, and the 52-week range was $ 53.83 to $ 80.29. It recently closed at 53.40.
M&T Bank Corp. (NYSE: MTB): Morgan Stanley lowered its Equal Weight rating to Underweight and cut its $ 189 target price to $ 179. The stock closed at $ 179.39 per share on Monday. The 52-week range was $ 128.46 to $ 186.95, and the shares were last seen at $ 169.50.
Synchrony Financial (NYSE: SYF): As Morgan Stanley downgraded the stock to an Equal Weight rating from Overweight, it cut its target price to $ 40 from $ 56. The closing price of the share on Monday was $ 35.85. Synchrony Financial last closed at $ 34.81, in the 52-week range of $ 33.76 to $ 52.49.
RealReal Inc. (NASDAQ: REAL): Credit Suisse cut its Outperform rating to Neutral and cut its price target to $ 8 from $ 15 on Tuesday. The shares were trading at close to $ 8 at the time. The 52-week range is $ 5.78 to $ 25.91. RealReal last closed at $ 7.26 per share.
Clorox Co. (NYSE: CLX) Goldman Sachs cut the $ 145 target price on the consumer staples giant to $ 127, while maintaining a Sell rating. Worth noting that this is a consumer staple stock with a large dividend. The target consensus is $ 143.27. The stock ended Tuesday at $ 139.71 and most recently closed at $ 139.03.
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Oracle Corp. (NYSE: ORCL): Exane BNP Paribas downgraded the legacy tech giant from Neutral to Underperform with a $ 79 target price. The consensus target is higher at $ 92.55. The shares ended Tuesday trading at $ 84.29 but most recently closed at $ 82.73.
ServiceNow Inc. (NYSE: NOW): Exane BNP Paribas dropped its software heavyweight Underperform from Neutral, and had a $ 460 price target on Wednesday. The consensus target rose to $ 683.93. The most recent trade came in at $ 556.89, down from the $ 597.75 close before the analyst’s call.