Marathon Petroleum Corp. (NYSE: MPC): Mizuho’s upgrade to Buy from Neutral included a target price hike to $160 from $133. The consensus target is $148.87. Friday’s close was at $128.55.
Marvell Technology Inc. (NASDAQ: MRVL): Oppenheimer reiterated an Outperform rating with a $70 target price. The consensus target is $57.42. Friday’s $38.68 close was down almost 6% on the day.
Pool Corp. (NASDAQ: POOL): Oppenheimer initiated coverage with an Outperform rating and a $408 target price. The consensus target is $394.33. The shares closed on Friday at $348.41.
Roblox Corp. (NASDAQ: RBLX): Jefferies maintained a Buy rating with a $48 target price. The consensus target is $41.14. Shares closed on Friday at $40.05.
Shoals Technologies Group Inc. (NASDAQ: SHLS): Citigroup initiated coverage with a Buy rating and a target price of $34. The consensus target is $31.38. The stock closed almost 6% lower on Friday at $21.84.
Silk Road Medical Inc. (NASDAQ: SILK): The Sell rating at Citigroup is now at Neutral. Its $50 target price is less than the $56.20 consensus target. The shares closed on Friday at $42.75, which was down over 4% on the day.
Stride Inc. (NYSE: LRN): Morgan Stanley’s downgrade was from Overweight to Equal Weight with a $46 target price. The consensus target is $52.25 for now. The stock closed on Friday at $40.09, down over 7% for the day on the downgrade and the weak tape.
SunPower Corp. (NASDAQ: SPWR): Citigroup initiated coverage with a Neutral rating and a $27 target price. The consensus target is just $18.80, and Friday’s close at $14.66 was down 5% for the day.
Sunrun Inc. (NASDAQ: RUN): Citigroup started coverage with a Neutral rating and a $16.50 target price. The consensus target is $18.80. The last trade on Friday was reported at $20.73. That was down 12% on the day, after it was reported that the company had ties to Silicon Valley Bank.
Zimmer Biomet Holdings Inc. (NYSE: ZBH): Piper Sandler upgraded the stock to Overweight from Neutral. The analyst also lifted the $135 target price to $145, well above the $133.68 consensus target and Friday’s close at $123.53.
Five top large-cap companies are Wall Street favorites and are expected to raise their dividends this week, a sign that they are doing well and have the earnings and cash flow strength to increase their payouts. These total return candidates may be ideal now for nervous investors.
Friday’s top analyst upgrades and downgrades included Advanced Micro Devices, Asana, Etsy, Exact Sciences, Guardant Health, Hilton Worldwide, Meta Platforms, MongoDB, Salesforce, ServiceNow, Sysco and Teladoc Health.
Originally published at 24/7 Wall St.
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