Norfolk Southern Corp. (NYSE: NSC): Stifel reiterated a Buy rating but trimmed its target price to $243 from $247. Barclays maintained an Equal Weight rating and its $250 target price dropped to $235. BMO Capital Markets stayed with an Outperform rating but its $250 target price is now $240. The consensus target is $237.92. The stock closed on Thursday at $200.86.
Progressive Corp. (NYSE: PGR): BMO Capital Markets lowered its Outperform rating to Market Perform and its $165 target price to $150. The consensus target is $132.95, and shares closed on Thursday at $134.17.
Roku Inc. (NASDAQ: ROKU): Jefferies reiterated an Underperform rating but raised its target price to $41 from $36. BofA Securities maintained a Buy rating, and its $85 target price ticked up to $86. Oppenheimer reiterated an Outperform rating and trimmed its $85 price target to $75. The consensus target is $68.76. The stock closed on Thursday at $57.01.
ServiceNow Inc. (NYSE: NOW): Jefferies reiterated a Buy rating, but its $525 target price is less than the $535.11 consensus target. The stock closed on Thursday at $454.34
Silgan Holdings Inc. (NYSE: SLGN): Citigroup upgraded the stock to Buy from Neutral. Its $56 target price is less than the $58.70 consensus target. Thursday’s close was at $48.36.
2U Inc. (NASDAQ: TWOU): Goldman Sachs lowered its $11.50 target price on the Buy-rated shares to $10. The consensus target is $11.23. The stock closed over 5% higher on Thursday at $5.39 in the wake of strong results.
Viking Therapeutics Inc. (NASDAQ: VKTX): Oppenheimer reiterated a Buy rating with a $35 target price. The consensus target is $19.50. Thursday’s close was at $19.61. The stock exploded higher earlier in the week on positive clinical results.
Vornado Realty Trust (NYSE: VNO): As Piper Sandler downgraded the stock to Underweight from Neutral, its target price was reduced to $11 from $16. The consensus target is $15.41. The shares were last seen Thursday trading at $14.81.
Wolfspeed Inc. (NYSE: WOLF): Goldman Sachs lowered its $90 price target on the Buy-rated shares to $80. The consensus target is $88.24 for now. The stock closed 20% lower on Thursday at $46.00 in the wake of disappointing earnings.
Five Jefferies stock picks have huge exposure to the purchasing power of the Chinese consumer and make sense for long-term growth investors seeking companies that should remain leaders in their sectors regardless of economic conditions.
Thursday’s top analyst upgrades and downgrades included Albertsons Companies, Alphabet, Apple, Coinbase Global, Danaher, Enphase Energy, GE HealthCare Technologies, General Electric, McDonald’s, Microsoft, PulteGroup and Tesla.
Originally published at 24/7 Wall St.
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