Roblox Corp. (NYSE: RBLX): Morgan Stanley’s downgrade to Underweight from Equal Weight came with a price target trim from $27.50 to $24. The consensus target is up at $36.35. The stock closed almost 7% lower on Thursday at $33.40 after the downgrade.
Shopify Inc. (NYSE: SHOP): Truist Securities reiterated a Hold rating but raised its $35 target to $41. The consensus target is $41.02. Thursday’s close was at $38.06.
TE Connectivity Ltd. (NYSE: TEL): Evercore ISI’s downgrade was from Outperform to In Line with a $130 target price. The consensus target is $135.87. The stock closed on Thursday at $121.35.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA): As Jefferies downgraded it to Hold from Buy, the firm also lifted its $10 target price to $12. The consensus target of $9.80 is lower than Thursday’s $10.56 closing share price.
Texas Instruments Inc. (NASDAQ: TXN): Oppenheimer reiterated an Outperform rating on the legacy chip giant and has a $185 target price. The consensus target is $173.59. The stock closed on Thursday at $170.93.
Toll Brothers Inc. (NYSE: TOL): Oppenheimer initiated coverage on the luxury home builder with an Outperform rating and a $71 target price. The consensus target is just $59.27, and shares closed on Thursday at $55.08.
Transocean Ltd. (NYSE: RIG): Benchmark began coverage with a Buy rating and a $7.50 target price. The consensus target is just $5.34, and the stock ended Thursday’s session trading at $5.70.
Universal Display Corp. (NASDAQ: OLED): Susquehanna upgraded the stock to Neutral from Negative. It also raised its $82 target price to $135, but the consensus target is still higher at $137.96. Thursday’s close was at $127.97.
Valaris Ltd. (NYSE: VAL): Benchmark started coverage with a Buy rating and a $95 price objective. The consensus target is $91.60. The stock closed on Thursday at $73.96.
Seven top real estate investment trust picks from Truist Securities have among the highest yields and look like very timely ideas now for steady growth, hard asset ownership and substantial and dependable income.
Thursday’s top analyst upgrades and downgrades included Adobe, Apple, Conagra Brands, CrowdStrike, Fortinet, IBM, Mobileye Global, Morgan Stanley, Oatly, Oracle, PayPal, Seagate Technology, Shopify and Williams Companies.
Originally published at 24/7 Wall St.
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