Medical Properties Trust Inc. (NYSE: MPW): The BofA Securities downgrade was from Buy to Neutral with a $10 target price. The consensus target is $13.92. The stock closed on Thursday at $8.01.
Motorola Solutions Inc. (NYSE: MSI): J.P. Morgan’s upgrade to Overweight from Neutral included a target price bump to $305 from $300. The consensus target is $291.89. The shares ended Thursday trading at $268.58.
NerdWallet Inc. (NASDAQ: NRDS): Oppenheimer maintained an Outperform rating with a $21 target price. The consensus target is $20.71. The shares were last seen on Thursday trading at $16.81.
Nike Inc. (NYSE: NKE) Redburn initiated coverage with a Sell rating and a $100 target price. The consensus target is $129.88. The shares closed on Thursday at $120.65.
Qualcomm Inc. (NASDAQ: QCOM): Susquehanna upgraded the stock to Positive from Neutral. The analyst raised the $110 target price to $135, while the consensus target is up at $152.23. The stock closed Thursday at $120.51, which was a gain of over 4% on the day.
Skyworks Solutions Inc. (NASDAQ: SWKS): Susquehanna upgraded the stock to Positive from Neutral, and its $110 target price increased to $135. The consensus target is $125.22. Shares closed on Thursday at $115.73, up just shy of 4% on the day.
Takeda Pharmaceutical Co. Ltd. (NYSE: TAK): BofA Securities upgraded the shares from Neutral to Buy with a $20 target price. The consensus target is $20.92. The stock closed on Thursday at $16.44.
Under Armour Inc. (NYSE: UAA): Redburn initiated coverage with a Buy rating and a $13.50 target. The consensus target is $12.63. The shares closed on Thursday at $8.58.
Given that the Nasdaq has only twice had two down years in a row, the five highest-yielding stocks in the index offer a contrarian angle for 2023 for growth and income investors looking for a way forward on what could be a rocky road.
Thursday’s top analyst upgrades and downgrades included Azul, Charles Schwab, Comerica, Darden Restaurants, Harley-Davidson, KeyCorp, Meta Platforms, Microsoft, Netflix and Truist Financial.
Originally published at 24/7 Wall St.
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