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.
Some experts foresee oil at $100 per barrel within a year and M&A in the sector. Investors looking to initiate or add to positions are in a good spot now, and seven exploration and production stocks look like outstanding ideas.
Five stocks that trade under $10 also have huge upside potential.
See which major crises threaten the global economy this year. However, 25 American industries are thriving now.
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.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
