Newmont Corp. (NYSE: NEM): TD Securities upgraded the stock to Buy from Hold. Its $55 target price is less than the $73.48 consensus target. Friday’s close was at $43.54.
Upland Software Inc. (NASDAQ: UPLD): Roth MKM cut its Buy rating to Neutral and has an $8 target price. The consensus target is $13 for now. The shares closed on Friday at $6.02, a 31% one-day tumble after badly missing fourth-quarter estimates.
Valvoline Inc. (NYSE: VVV): Citigroup’s downgrade was from Buy to Neutral with a $37 target price. The consensus target is $39.33. The shares closed on Friday at $34.87.
Vicor Inc. (NASDAQ: VICR): Craig Hallum downgraded the stock to Hold from Buy, and it slashed its $70 price target to $45. The consensus target is $66 for now. The stock closed on Friday at $40.85, down almost 28% for the day after posting disappointing results.
Vipshop Holdings Ltd. (NASDAQ: VIPS): The Hold rating at Benchmark is now at Buy, and the firm’s $15 target price compares with a $14.49 consensus target and the latest close at $13.54.
WideOpenWest Inc. (NYSE: WOW): Raymond James cut its Strong Buy rating to Outperform and its $21 target price to $14. The consensus target is $16.94. Friday’s $11.84 closed was down close to 5% on the day after a reported fourth-quarter loss.
Wingstop Inc. (NASDAQ: WING): The BMO Capital Markets downgrade was from Outperform to Market Perform with a $190 target price. The consensus target is $183.24. Friday’s close was at $171.06.
W.W. Grainger Inc. (NYSE: GWW): When RBC Capital Markets raised its Underperform rating to Sector Perform, the price objective jumped to $679 from $502. The consensus target is even higher at $711.78. The shares closed on Friday at $664.10.
Yeti Holdings Inc. (NYSE: YETI): The Goldman Sachs downgrade to Neutral from Buy included a target price cut to $43 from $51. The consensus target is $51.20. The stock closed on Friday at $38.33.
Recent data indicate that inflation may be picking up steam again. Seven top Buy-rated stocks look like solid ideas now, as they come with dependable dividends and should continue to fare well as interest rates head even higher.
Friday’s top analyst upgrades and downgrades included AppLovin, CarMax, Cinemark, Diamondback Energy, Etsy, Graphic Packaging, Home Depot, Intel, Lucid, Nvidia, Teladoc Health, Walgreen Boots Alliance and Workday.
Originally published at 24/7 Wall St.
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