Legend Biotech Inc. (NASDAQ: LEGN): RBC Capital Markets started coverage with an Outperform rating and a $73 target price. The consensus target is $71.29. The shares closed over 5% higher on Friday at $46.06 due to the positive coverage.
Pfizer Inc. (NYSE: PFE): Citing its disappointing year-to-date performance, Zacks selected this pharmaceutical giant as the Bear of the Day. Shares have traded as high as $56.32 in the past year but closed most recently at $40.39, which is more than 21% lower than at the beginning of the year.
PNC Financial Services Group Inc. (NYSE: PNC): Goldman Sachs cut its $164 target price to $143 but kept a Neutral rating. The consensus target is $172.221. The shares closed on Friday at $124.15.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Jefferies lifted its Hold rating to Buy, and its $675 price target jumped to $925. The consensus target is $846.96. The stock closed on Friday at $820.
RingCentral Inc. (NYSE: RNG): Rosenblatt started coverage with a Buy rating and a $35 target price. The consensus target is way up $50.52, while the most recent close was at $26.86.
Uber Technologies Inc. (NYSE: UBER): Oppenheimer reiterated an Outperform rating and a $55 target price. The consensus target is $47.60. Friday’s closing share price was $30.75.
Vital Farms Inc. (NASDAQ: VITL): Lake Street started coverage with a Buy rating and a $22 target price. The consensus target is $18.83. The shares ended Friday up almost 6% on the day at $14.91 due to the positive initiation.
Vivid Seats Inc. (NASDAQ: SEAT): Imperial Capital initiated coverage with an Outperform rating and a $9 target price. The consensus target is higher at $11.60, but shares ended Friday’s session trading at $7.22.
Zoom Video Communications Inc. (NYSE: ZM): Rosenblatt initiated coverage with a Neutral rating and a $75 target price. The consensus target is $85.10. Friday’s close was at $69.04.
Top Wall Street strategists are stressing that value remains the best place to be until the final bottom for the bear market is seen. See seven top dividend-paying value stocks that should hold up well for the rest of 2023.
Friday’s top analyst upgrades and downgrades included AMC Entertainment, APA, Chewy, Coterra Energy, Dynatrace, FirstSolar, Marathon Oil, Match, Meta Platforms, Ovintiv, Pioneer Natural Resources, Samsara, SL Green Realty and Toast.
Originally published at 24/7 Wall St.
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