Qualys Inc. (NASDAQ: QLYS): UBS started coverage with a Neutral rating and a $135 target price. The consensus target is $122.90. Thursday’s close was at $123.12.
Rapid7 Inc. (NASDAQ: RPD): UBS initiated coverage with a Neutral rating and a $50 price target. That compares with a $52 consensus target and Thursday’s closing print of $42.27.
Simon Property Group Inc. (NYSE: SPG): Wolfe Research boosted its Peer Perform rating to Outperform and has a $127 target price. The $130.20 consensus target also compares with Thursday’s closing print of $118.94.
Summit Materials Inc. (NYSE: SUM): J.P. Morgan downgraded the shares from Neutral to Underweight. But the analyst did bump the target price to $37 from $32. The consensus target is $225.38. The stock closed on Thursday at $218.24.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): The Sell rating at UBS is now at Neutral, and the $7 target price ticked up to $8. The consensus target is $9.69. The stock closed on Thursday at $7.60.
Textron Inc. (NYSE: TXT): Citigroup initiated coverage with a Buy rating and a $90 target price. The consensus target is $80.18. Thursday’s closing share price was $66.28.
TransDigm Group Inc. (NYSE: TDG): Citigroup began covering the stock with a Buy rating. Its $1,042 target price compares with a $903.13 consensus target and Thursday’s close at $880.70.
Vulcan Materials Co. (NYSE: VMC): Though J.P. Morgan cut its Overweight rating to Neutral, its $215 target price rose to $230, above the consensus target of $225.38. The stock closed on Thursday at $218.24.
With the prospects for a second-half recession looming, it makes sense now for investors to book profits and shift capital to safer ideas. Seven top stocks from the Warren Buffett Berkshire Hathaway portfolio should benefit as interest rates climb higher.
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Thursday’s top analyst upgrades and downgrades included Advanced Micro Devices, Coherent, Coinbase Global, Conagra Brands, Coty, Hertz Global, Netflix, Plug Power, Rivian Automotive, Transocean, United States Steel and Vici Properties.
Originally published at 24/7 Wall St.
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