Qualys Inc. (NASDAQ: QLYS): When Piper Sandler downgraded the stock to Underweight from Neutral, its target price shrank to $109 from $120. The consensus is set at $123.69. The last trade Friday was filled at $128.12.
Repair Therapeutics Inc. (NASDAQ: RPTX): Stifel lifted its Hold rating to Buy and its target price to $16 from $11. The consensus target is up at $26.67. The shares were last seen on Friday trading at $12.02.
Target Corp. (NYSE: TGT): Citigroup’s downgrade was to Neutral from Buy, and it slashed its $177 target price to $130. That compares with a $177.74 consensus target and Friday’s closing print of $126.99, which was down over 3% for the day on yet another Wall Street downgrade.
Terex Corp. (NYSE: TEX): Zacks named this heavy equipment maker as its Bull of the Day stock. The analyst points out that shares bottomed out well in advance of the major indexes during last year’s bear market. Shares last closed at $54.50 and have a consensus price target of $58.71.
Trip.com Group Ltd. (NASDAQ: TCOM): China Renaissance upgraded the stock to Buy from Hold, but its $46 target price is less than the consensus target of $48.48. Friday’s $37.78 close was almost 5% higher for the day on the upgrade.
Twilio Inc. (NYSE: TWLO): Oppenheimer reiterated an Outperform rating and $75 target price. The consensus target is $67.50, and Friday’s closing share price was $63.89.
UiPath Inc. (NYSE: PATH): Wells Fargo lowered its Overweight rating to Equal Weight with a $20 target price. The consensus target is $18.53 for now. The stock closed on Friday at $17.17, which was down over 6% for the day after the downgrade.
The S&P 500 may have burst out of the longest bear market in over 70 years, but the current rally has been very narrow, with less than 10 stocks accounting for 95% of the gains. Investors may want to take profits on the strength and move to stocks with huge, dependable dividends.
See in which countries corporations cheat the free market most and which 19 companies were caught manipulating the American free market. Also, some American jobs had no union workers last year.
Friday’s top analyst upgrades and downgrades included Adobe, Archer Aviation, Corning, Dominion Energy, Equity Residential, Joby Aviation, Park Hotels & Resorts, Principal Financial, Target and UiPath.
Originally published at 24/7 Wall St.
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