Pfizer Inc. (NYSE: PFE): Daiwa Securities downgraded the stock to Neutral from Outperform and has a $38 target. The consensus target is $48.30. The last trade on Thursday was for $37.58 a share.
RingCentral Inc. (NYSE: RNG): As Credit Suisse upgraded the shares to Outperform from Neutral, its $40 target price rose to $45. The consensus target is $46.54. Thursday’s close at $28.74 was down over 5% for the day despite solid earnings posted this week.
Roblox Corp. (NYSE: RBLX) Roth MKM upgraded the stock to Buy from Neutral. It also raised its $37 target price to $48, above the consensus target of $41.62. The shares closed almost 3% higher on Thursday at $39.88 after the upgrade.
StoneCo Ltd. (NASDAQ: STNE): Barclays started coverage with an Equal Weight rating and a $13 target price. The consensus target is $11.63. The stock closed on Thursday at $13.94, up 4% on the day.
Trade Desk Inc. (NASDAQ: TTD): Truist Financial reiterated a Buy rating and bumped its $76 target price up to $78. Needham also reiterated a Buy rating, and it lifted its $68 target price to $75. Citigroup kept a Buy rating and nudged its target price up to $78 from $76. The consensus target is $68.39. The shares were last seen on Thursday trading at $64.53.
Twilio Inc. (NYSE: TWLO): When Goldman Sachs cut its Buy rating to Neutral, the price target tumbled from $90 to $53. The consensus target is $70.30. The stock closed on Thursday 3% lower to $47.88 after the downgrade.
Walmart Inc. (NYSE: WMT): Jefferies reiterated a Buy rating with a $175 target price. The consensus target is $164.78. On Thursday, the closing share price was $153.12.
Walt Disney Co. (NYSE: DIS): Goldman Sachs reiterated a Buy rating with a $130 price target. The consensus target is $125.93. Thursday’s $92.31 close was down almost 9% on the day after a small earnings miss but a big subscriber drop.
Seven top Dividend Aristocrats are trading at reasonable levels, pay dependable dividends and are solid and safe ideas in a market that looks poised to trade lower after a big run over the past eight weeks.
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Thursday’s top analyst upgrades and downgrades included Airbnb, Alcon, Antero Midstream, Exact Sciences, GitLab, GlobalFoundries, Halozyme Therapeutics, Lumentum, Nektar Therapeutics, PayPal and Southern Copper.
Originally published at 24/7 Wall St.
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