Spirit Aerosystems Holdings Inc. (NYSE: SPR): BofA Securities downgraded the stock to Underperform from Buy. It also cut its $49 price target to $26, well below the $36.60 consensus target. The last trade on Friday was for $28.24 a share, which was down almost 4% for the day.
Sprouts Farmers Market Inc. (NASDAQ: SFM): MKM Partners downgraded the company to Neutral from Buy and has a $38 target price. The consensus target is $31.54. The stock closed on Friday at $33.10.
Stryker Corp. (NYSE: SYK): Goldman Sachs lowered its price target on the medical devices giant to $197 from $226 and maintained a Sell rating. The consensus target is $224.29. Friday’s close was at $224.29.
Walgreens Boots Alliance Inc. (NASDAQ: WBA): Deutsche Bank upgraded the stock to Buy from Hold and raised its $41 target price to $50. The consensus target is $39.24. The shares closed on Friday at $41.26, up almost 8% for the day on the upgrade.
Werner Enterprises Inc. (NASDAQ: WERN): UBS’s upgrade to Buy from Hold came with a price target boost to $51 from $44. The consensus target is $44.76. Friday’s close was at $41.12.
Willis Towers Watson PLC (NASDAQ: WTW): Truist Financial raised its $260 price target to $275 and reiterated a Buy rating. Shares have traded as high as $244.73 in the past year and closed most recently at $233.89.
Wix.com Ltd. (NASDAQ: WIX): J.P. Morgan started coverage with a Neutral rating and an $84 target price. The consensus target is$94.64. The stock closed on Friday at $84.99.
W.R. Berkley Corp. (NYSE: WRB): Janney initiated coverage with a Buy rating and an $88 target price. The consensus target is $79.64. Friday’s close at $69.77 was down almost 5% on the day. Results for the quarter missed estimates last week.
With inflation still well above the Federal Reserve target of 2%, continued demand from central banks and worried investors could drive gold prices much higher. Six top gold stocks are rated Buy and come with dependable (and in some cases big) dividends.
Friday’s early top analyst upgrades and downgrades included Activision Blizzard, Altria, AppLovin, Bumble, Cano Health, Hanesbrands, Okta, Palo Alto Networks, Redfin, RingCentral, Rivian Automotive, Roblox, Salesforce, SunPower, TJX Companies, Upstart and Viatris. Analyst calls seen later in the day were on Freeport-McMoRan, GSK, Intel, L3Harris Technologies, Occidental Petroleum, Roku, Six Flags Entertainment, Spirit AeroSystems, Sprouts Farmers Market, TuSimple and more.
Originally published at 24/7 Wall St.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
