Sarepta Therapeutics Inc. (NASDAQ: SRPT): Oppenheimer reiterated an Outperform rating with a $180 target price. The consensus target is $169.78. The stock retreated 17% on Friday to close at $124.40, after the FDA announced an advisory meeting on one of the company’s investigational gene therapy drugs.
Seacoast Banking Corp. of Florida (NASDAQ: SBCF): Hovde upgraded the stock to Outperform from Market Perform and has a $33 target price. The consensus target is $35.54. The stock’s $24.68 close on Friday was down over 5% on the day.
Shopify Inc. (NYSE: SHOP): Stifel resumed coverage with a Hold rating and a $45 price target. The consensus target is $48.99. Friday’s last trade was for $44.97 a share.
Synchrony Financial (NYSE: SYF): Oppenheimer’s upgrade was from Perform to Outperform with a $35 price objective. The consensus target is $39.22. On Friday, the shares closed at $28.33.
Terex Inc. (NYSE: TEX): As BofA Securities downgraded the stock to Neutral from Buy, its price target dropped to $54 from $66. The consensus target is $60.69 for now. The stock closed on Friday at $45.72, down almost 8% for the day on the downgrade and the weak tape.
Veeva Systems Inc. (NYSE: VEEV): Truist Financial downgraded the shares to Hold from Buy and lowered its $205 target price to $195. The consensus target is $209.16. Friday’s close was at $172.01.
Warner Bros. Discovery Inc. (NASDAQ: WBD): Wells Fargo upgraded the shares from Equal Weight to Overweight with a $20 target price. The consensus target is $20.90. The stock closed over 2% higher on Friday at $14.88.
Zscaler Inc. (NASDAQ: ZS): CapitalOne initiated coverage with an Equal Weight rating and a $125 target price. The consensus target is up at $158.96. Friday’s close at $104.89 was down 3% on the day.
Eight top safe-haven stocks, while not the most exciting, are likely to withstand a vicious market crash. Though they also would trade down if markets plummet, they may hold their ground better than volatile tech stocks and some other sectors.
Friday’s top analyst upgrades and downgrades included Adobe, Citigroup, FedEx, Foot Locker, Hewlett Packard Enterprise, Intel, Medical Properties Trust, Nike, Qualcomm, Skyworks Solutions, Takeda Pharmaceutical and Under Armour.
Originally published at 24/7 Wall St.
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