Huntington Ingalls Industries Inc. (NYSE: HII): Though J.P. Morgan upgraded the stock to Overweight from Neutral, the analyst trimmed the $250 target price to $247. The consensus target is $245.30. Thursday’s close was at $205.06.
Illumina Inc. (NASDAQ: ILMN): Bernstein initiated coverage with an Underperform rating and a target price of $111. The consensus target is up at $213.82. Thursday’s close was at $132.35.
Lockheed Martin Corp. (NYSE: LMT): Deutsche Bank started coverage with a Hold rating and a $435 target price. The consensus target is $499.35. The shares ended Thursday trading at $410.96.
Meta Platforms Inc. (NASDAQ: META): Oppenheimer reiterated its Outperform rating. Its $385 target price compares with the consensus target of $363.14 and Thursday’s close at $303.96.
Micron Technology Inc. (NASDAQ: MU): Wedbush resumed coverage with a Buy rating and a $75 target price. The consensus target is $78.51. The stock closed trading Thursday at $65.20. That was down over 4% on the day, following an earnings beat but mixed guidance.
NextEra Energy Partners L.P. (NYSE: NEP): J.P. Morgan downgraded the shares to Neutral from Overweight and slashed its $69 target price to $40. The consensus target is $71.13 for now. The stock closed on Thursday at $30.54, having retreated 18% for the day. The company missed estimates and cut the dividend, leading to multiple downgrades.
Redfin Corp. (NASDAQ: RDFN): When D.A. Davidson upgraded the shares to Neutral from Underweight, it trimmed the $8.50 target price to $8. The consensus target is $8.88. The stock closed on Thursday at $7.00.
Salesforce Inc. (NYSE: CRM): Oppenheimer reiterated an Outperform rating with a $250 target price. The consensus figure is $254.98, and shares closed on Thursday at $203.20.
Tractor Supply Co. (NASDAQ: TSCO): D.A. Davidson’s upgrade from Neutral to Buy included a target price hike to $280 from $250. The consensus target is $245.63. The stock closed Thursday’s session at $203.42.
Trade Desk Inc. (NASDAQ: TTD): UBS started coverage with a Buy rating and a $100 price target. The consensus target is $87.83. Thursday’s $77.69 close was up 3% for the day due to the upgrade.
Unity Software Inc. (NYSE: U): UBS initiated coverage with a Neutral rating and a $38 price target. The consensus target is $44.36. Thursday’s close was at $30.71.
Workday Inc. (NASDAQ: WDAY): Stifel maintained a Hold rating. Its $230 target price is less than the consensus target of $257.12. On Thursday, shares closed at $211.22, a more than 8% retreat for the day after the company cut its revenue outlook.
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Thursday’s top analyst upgrades and downgrades included DocuSign, Etsy, Guardant Health, International Paper, Johnson Controls, Kosmos Energy, Levi Strauss, Snowflake, Tesla, Topgolf Calloway Brands, WW International and XPO.
Originally published at 24/7 Wall St.
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