MicroStrategy Inc. (NASDAQ: MSTR): Berenberg initiated coverage with a Buy rating and a $430 target price. That compares with a $280 consensus target and Friday’s closing print of $328.38, which was up 3% on the day.
Mobileye Global Inc. (NASDAQ: MBLY): Wolfe Research upgraded the stock to Outperform from Peer Perform and has a $46 target price. The consensus target is $48.00. Friday’s $37.64 closed was up 4% for the day after the upgrade.
Old Dominion Freight Line Inc. (NASDAQ: ODFL): As Deutsche Bank upgraded the transport giant to Buy from Hold, its target price rose to $350 from $301. The consensus target is $328.56. On Friday, shares closed at $320.39.
Pilgrim’s Pride Corp. (NASDAQ: PPC): BofA Securities upgraded the stock from Neutral to Buy with a $26 target price. The consensus target is $26.42. The shares finished Friday’s session at $22.81, up over 3% on the day after posting solid quarterly results.
Salesforce Inc. (NYSE: CRM): Jefferies maintained a Buy rating with a $250 target price. The consensus target is $221.03. Friday’s close was at $198.37.
ServiceNow Inc. (NYSE: NOW): Exane BNP Paribas upgraded the shares from Underperform to Neutral with a $410 target price. The consensus target is up at $539.56. The last trade Friday was reported at $459.42.
Snap Inc. (NYSE: SNAP): Goldman Sachs trimmed its $8 target price to $7 while maintaining a Neutral rating. The consensus target is $10.40. The closing share price on Friday was $8.71.
Travelzoo (NASDAQ: TZOO): Barrington Research upgraded the shares to Outperform from Market Perform and has an $18 target price. The consensus target is $13.50. Friday’s close at $7.45 was up almost 7% for the day after solid results.
Tyler Technologies Inc. (NYSE: TYL): D.A. Davidson cut its Buy rating to Neutral with a $395 target price. The consensus target is $423.03, and the stock closed at $379.03 on Friday.
Waste Management Inc. (NYSE: WM): Stifel’s upgrade was to Buy from Hold, and it boosted its $171 target price to $177. The consensus target is $173.78. The stock closed on Friday at $166.05.
Given the current stagflation scenario, eight defensive stock picks make sense now for growth and income investors. With even moderate appreciation in their share prices, investors could be looking at double-digit total return potential.
Friday’s top analyst upgrades and downgrades included Boston Scientific, Charles Schwab, eBay, Electronic Arts, FedEx, Meta Platforms, Norfolk Southern, Progressive, Roku, ServiceNow, Viking Therapeutics, Vornado Realty Trust and Wolfspeed.
Originally published at 24/7 Wall St.
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