Shake Shack Inc. (NYSE: SHAK): Morgan Stanley’s upgrade to Equal Weight from Underweight included a target price boost to $63 from $52. The consensus target is higher at $66.80, and shares closed near there on Friday at $66.69.
TE Connectivity Ltd. (NYSE: TEL): Credit Suisse upgraded the stock to Outperform from Neutral. It also bumped its $136 target price from $138, just below the consensus target of $138.70. The stock closed on Friday at $124.08.
Toro Co. (NYSE: TTC): C.L. King started coverage with a Buy rating and a $133 target price. The consensus target is $120. Friday’s final trade was for $105.24 a share.
TPG Inc. (NASDAQ: TPG): Citigroup started coverage with a Buy rating and a $32 price target. The consensus target is $32.67. The stock closed at $26.74 on Friday.
Ulta Beauty Inc. (NASDAQ: ULTA): Oppenheimer reiterated an Outperform rating on the stock but dropped its $600 target price to $575. The consensus target is $564.05. The stock closed over 4% lower on Friday at $491.05. Analysts cited the price cut as the reason.
Walt Disney Co. (NYSE: DIS): Macquarie dropped its Outperform rating to Neutral and its $125 target price to $103. The consensus target is $122.33. The stock closed on Friday at $91.35.
Wendy’s Co. (NASDAQ: WEN): The Hold rating at Argus rose to Buy with a $29 target price. The consensus target is $25.31. Friday’s close was at $23.40.
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Friday’s top analyst upgrades and downgrades included Albemarle, Amazon.com, Array Technologies, BlackBerry, Dynatrace, Futu, Gap, Mosaic, Procter & Gamble, Regions Financial, Take-Two Interactive Software, Target, TJX Companies and Wolfspeed.
Originally published at 24/7 Wall St.
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