Shake Shack Inc. (NYSE: SHAK): Credit Suisse reiterated a Neutral rating while lifting its $63 target price to $69. The consensus target is $61.94. Friday’s final trade was for $65.53 a share, up over 6% on the day after a strong earnings and revenue beat.
Shopify Inc. (NYSE: SHOP): As UBS upgraded the stock to Neutral from Sell, it boosted its $34 target price all the way to $64. The consensus target is $53.12. The stock closed over 8% higher on Friday at $62.03, helped by outstanding quarterly results.
SiTime Corp. (NASDAQ: SITM): Barclays downgraded the company to Equal Weight from Overweight. The analyst slashed the $135 target price to $88, much lower than the $117.25 consensus target. Friday’s $88.29 close was up almost 5% for the day.
SolarEdge Technologies Inc. (NASDAQ: SEDG): When Deutsche Bank upgraded the stock to Buy from Hold, its $305 target price increased to $375. The consensus target is $372.71. The stock closed at $293.39, up close to 5% on Friday in the wake of solid quarterly results.
TE Connectivity Ltd. (NYSE: TEL): Evercore ISI upgraded the stock to Outperform from In line, and the $130 target price is now $150. The consensus target is $136.70. The stock closed at $122.94 on Friday, a 3% one-day gain.
Wesco International Inc. (NYSE: WCC): Baird raised its Neutral rating to Outperform with a $180 target price. The consensus target is $196.11. Friday’s close was at $129.97, which was up nearly 6% for the day due to strong quarterly results.
Wingstop Inc. (NASDAQ: WING): Investors are buying into “the rise of the chicken wing,” says Zacks about its Bull of the Day stock. Its shares last closed at $210.23, after hitting an all-time high of $223.77 late last week.
V.F. Corp. (NYSE: VFC): Wells Fargo upgraded the stock to Equal Weight from Underweight and lifted their target to $22 from $18. The consensus is set higher at $28.08 The last trade on Friday came in at $22.12 up almost 6%.
Zions Bancorp N.A. (NASDAQ: ZION): Baird upgraded the stock to Overweight from Underweight. Its $29 target price is less than the $37.47 consensus target. The stock closed 20% higher on Friday at $23.76 as the regional banks staged a furious rally.
As interest rates continue to rise and with a recession increasingly likely, nervous investors are turning to five long-term Warren Buffett holdings that are safe and will continue to pay big dividends.
Netflix, Tesla and Uber are among the youngest companies in the S&P 500.
Friday’s top analyst upgrades and downgrades included Builders FirstSource, CVS Health, DHT, Incyte, McDonald’s, Newell Brands, PacWest Bancorp, Wingstop and ZoomInfo Technologies.
Originally published at 24/7 Wall St.
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