Sea Ltd. (NYSE: SE): UBS downgraded the stock to Neutral from Buy and lowered its target price to $92 from $105. The consensus target is $101.56. The stock closed on Thursday at $78.76.
Shift4 Payments Inc. (NYSE: FOUR): Stephens upgraded the stock to Overweight from Equal Weight. Its $80 target price is near the $80.80 consensus target. On Thursday, shares closed at $65.76, which was up over 5% for the day on the upgrade and positive commentary.
Southern Co. (NYSE: SO): Mizuho upgraded the utility giant to Buy from Neutral and bumped its $72 target price to $77. The consensus target is $72.23. Thursday’s close was at $73.02.
Splunk Inc. (NASDAQ: SPLK): Even though its Bull of the Day stock is trading sideways, Zacks says bulls are hopeful positive earnings momentum will continue. Shares last closed at $91.33, and the $116.29 consensus price target represents more than 27% upside potential.
Tesla Inc. (NASDAQ: TSLA): Goldman Sachs reiterated a Buy rating but lowered its $210 target price to $185. Citigroup maintained a Neutral rating, and its $192 target price dropped to $175. J.P. Morgan reiterated an Underweight rating and cut its $120 target price to $115. The consensus target is $196.47 for now. The stock closed almost 10% lower on Thursday at $162.99, after a first-quarter earnings miss.
Tripadvisor Inc. (NASDAQ: TRIP): Truist Financial downgraded the stock to Hold from Buy and cut the price target almost in half to $21 from $40. The consensus target is $25.77. The stock closed on Thursday at $18.25, down close to 5% for the day on the downgrade.
Ventas Inc. (NYSE: VTR): Wells Fargo initiated coverage with an Overweight rating and a $50 target price. The consensus target is $52.35. The stock closed on Thursday at $44.58.
Welltower Inc. (NYSE: WELL): Wells Fargo started coverage with an Overweight rating. Its $85 target price is above the consensus target of $81.94. The stock closed on Thursday at $75.88.
WestRock Co. (NYSE: WRK): BofA Securities lifted its Neutral rating to Buy and its $38 target price up to $40. The consensus target is $37.31. Thursday’s close was at $31.07.
What may make sense for investors now is moving to dividend-paying value stocks that are better prepared to face economic challenges. Five BofA Securities value stock picks have the highest dividends and could be big 2023 winners.
Twenty cars have been completely redesigned for 2023. Prices of gasoline, health insurance, smartphones and more have actually declined in the past year.
Thursday’s top analyst upgrades and downgrades included Apple, Aramark, Bank of America, Chevron, Diamondback Energy, Exxon Mobil, Goldman Sachs, KeyCorp, Marathon Petroleum, Meta Platforms, Netflix, Nvidia, Pioneer Natural Resources, Rivian Automotive, Schlumberger, Starbucks, Tesla, Walmart and Western Alliance Bancorp.
Originally published at 24/7 Wall St.
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