Friday’s Top Analyst Upgrades and Downgrades: Block, Cisco, Hertz, Nvidia, Phillips 66, Splunk, Target, Walmart and More

Diamondback Energy Inc. (NASDAQ: FANG): Truist Financial raised its $203 target price on the Buyated shares to $209. The consensus target is $180.47. The final trade for Thursday was reported at $161.78.

Dragonfly Energy Holdings Corp. (NASDAQ: DFLI): Stifel started coverage with a Buy rating and a $12 target price. The stock has traded as high as $27.95 since its initial public offering in October but closed on Thursday at $8.38, up 5% for the day on the initiation.

Equinix Inc. (NASDAQ: EQIX): Stifel raised its $710 price target on the REIT data center giant to $755. The consensus target is $719.50. The final Thursday trade was for $639.94 per share.

FIGS Inc. (NYSE: FIGS): Oppenheimer lowered its $22 price target to $12 while keeping an Outperform rating. The consensus target is $9.59. Thursday’s close at $6.17 was up almost 2% on the day, after beating third-quarter estimates earlier this month.

Hertz Global Inc. (NASDAQ: HTZ): This vehicle rental giant was selected as the Bear of the Day at Zacks, which cited an earnings outlook trending in the wrong direction. Shares have traded as high as $26.93 in the past year but closed most recently at $7.12, which is down more than 18% in the past 90 days.

International Exchange Inc. (NYSE: ICE): BofA Securities upgraded the stock to Buy from Neutral and has a $116 target price. The consensus target is $124.57. The shares closed at $104.10 on Thursday.

Nvidia Corp. (NASDAQ: NVDA): Oppenheimer maintained an Outperform rating with a $225 target price. The consensus target is $189.37. The stock closed on Thursday at $156.77.

Parsons Corp. (NYSE: PSN): Jefferies kept a Buy rating on the stock and has a $56 target price. The consensus target is $49.33. The shares closed on Thursday at $48.23.

Phillips 66 (NYSE: PSX): Citing its valuation, strong dividend, and earnings outlook, Zacks named this refiner as its Bull of the Day stock. Shares last closed at $109.73, and the consensus price target of $122.21 would be a 52-week high.

Plains All-American Pipeline L.P. (NASDAQ: PAA): Goldman Sachs reiterated a Buy rating and bumped its $18 target price to $19. The consensus target is $14.68. The shares closed on Thursday at $12.18 apiece.

Rockwell Automation Inc. (NYSE: ROK): Oppenheimer raised its $260 target price on the Outperformated stock to $278. The consensus target is $240.90. The shares closed at $258.67 on Thursday.

Science Applications International Corp. (NASDAQ: SAIC): Jefferies lowered its Buy rating to Hold with a $110 target price. The consensus target is lower at $103.00. The shares ended Thursday trading at $105.57.

Silvergate Capital Corp. (NYSE: SI): Goldman Sachs cut its $40 price target on the Neutralated stock to $35. The consensus target is $70.18 for now. The shares closed Thursday at $27.90, down almost 11% on the ongoing FTX and cryptocurrency issues.

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