Magna International Inc. (NYSE: MGA): Scotiabank resumed coverage with a Sector Outperform rating and a $61 target price. The consensus target is $67.00. The stock closed on Thursday at $56.24.
NetApp Inc. (NASDAQ: NTAP): TD Cowen reiterated an Outperform rating and bumped its $85 target price up to $90. The consensus target is $76.30. The stock closed on Thursday at $75.53.
Nvidia Corp. (NASDAQ: NVDA): Stifel upgraded the stock from Hold to Buy, and its $440 target price jumped to $600. The consensus target is $524.19. Shares closed barely higher on Thursday at $471.63, while trading as high as $502.30 early in the session after the company posted huge earnings and strong guidance. However, the stock may have been a victim of its own success and investors bought the rumors and sold the news.
Peloton Interactive Inc. (NASDAQ: PTON): BofA Securities reduced its Buy rating to Neutral and its $13 target price to $6.50. The consensus target is $9.83. The stock was last seen trading at $5.51 on Thursday.
Prudential Financial Inc. (NYSE: PRU): Raymond James upgraded the stock to Outperform from Market Perform. Its $125 target price is well above the consensus target of $96.82. The shares ended Thursday’s session over 2% higher at $93.44.
Vizio Holding Corp. (NYSE: VZIO): When BofA Securities downgraded the stock to Underperform from Buy, its target price fell to $6 from $11. The consensus target is $11.92. The stock closed on Thursday at $5.55.
Williams-Sonoma Inc. (NYSE: WSM): The BofA Securities upgrade to Neutral from Underweight included a target price hike to $146 from $108. The consensus target is $132.16. The shares closed on Thursday at $139.63
Xcel Energy Inc. (NYSE: XEL): Barclays initiated coverage with an Equal Weight rating and a $60 target price. The consensus target is $67.82. Thursday’s close was at $ 57.01.
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Thursday’s top analyst upgrades and downgrades included Amazon.com, American Electric Power, Amgen, BHP, Duke Energy, General Mills, KeyCorp, Lowe’s Companies, Macy’s, Marvell Technology, Netflix, Southern Company, SunRun, Super Micro Computer and Walmart.
Originally published at 24/7 Wall St.
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