Saia Inc. (NASDAQ: SAIA): BofA Securities downgraded the trucking giant to Underperform from Neutral. It also trimmed its $216 target price to $215. The consensus target is up at $238.31. The stock closed over 2% lower on Thursday at $237.76 due to the downgrade.
Salesforce Inc. (NYSE: CRM): Oppenheimer maintained an Outperform rating and has a $185 target price. The consensus target is up at $215.01. The stock closed on Thursday at $147, down over 8% on news that the co-CEO stepped down. This is the second person to step down from that position in less than five years.
Sunrun Inc. (NASDAQ: RUN): Janney started coverage with a Neutral rating and a $30 price target. The consensus target is $46.01. The shares closed Thursday over 4% lower at $31.16.
Synchrony Financial Inc. (NYSE: SYF): Morgan Stanley downgraded the stock to Underweight from Equal Weight and trimmed its $31 price target to $29. The consensus target is $40.21. Thursday’s $35.94 closed was over 4% lower on the day after the downgrade.
Victoria’s Secret & Co. (NYSE: VSCO): J.P. Morgan’s downgrade to Neutral from Overweight came with a target price cut to $43 from $51. The consensus target is $45.82. The stock ended Thursday’s session at $43.11, a drop of over 6% on the downgrade and disappointing results.
Vizio Holding Corp. (NYSE: VZIO): Morgan Stanley initiated coverage on the electronics heavyweight with an Equal Weight rating and a $13 target price. The consensus target is higher at $15.05. The stock closed 3% lower on Thursday at $9.96.
Whirlpool Corp. (NYSE: WHR): This appliance maker is the Zacks Bear of the Day stock. The analyst suggests that “bears have had loads of fun in this stock in 2022.” Shares have traded as high as $245.44 in the past year but closed most recently at $149.02.
Zscaler Inc. (NYSE: ZS): Redburn started coverage with a Neutral rating and a $135 price target. The consensus target is higher at $203.33. The stock closed on Thursday at $144.50, up over 8% on the day, after posting earnings that beat expectations.
While the bear market rally has been stunning, it may be smart to sell now and use the proceeds to buy stocks that pay good dividends and can serve as a hedge against further downside. Seven hard asset stocks fit the bill.
Thursday’s early top analyst upgrades and downgrades included AppLovin, Carvana, CrowdStrike, DocuSign, Fisker, Foot Locker, Intuitive Surgical, Rivian Automotive, Shopify, UnitedHealth, Workday and XPO Logistics. Analyst calls seen later in the day were on Ally Financial, Altimmune, Capital One Financial, GoodRx, Leslie’s, PagSeguro Digital, Regions Financial, Sirius XM, StoneCo, Tencent Music Entertainment and more.
Originally published at 24/7 Wall St.
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