Paychex Inc. (NASDAQ: PAYX): UBS started coverage with a Neutral rating and a $115 target price. The consensus target is $121.63. The shares closed on Friday at $109.01.
Rambus Inc. (NASDAQ: RMBS): Zacks named this semiconductor stock as its Bull of the Day due to the AI frenzy. Shares most recently closed at $63.86, which is up more than 78% year to date.
SentinelOne Inc. (NYSE: S): D.A. Davidson downgraded the shares to Neutral from Buy and cut its $22 target price to $13.50. That compares with a $22.16 consensus and Friday’s closing print of $13.19, which was down 36% after the company missed revenue estimates and offered a weak revenue outlook.
Surgery Partners Inc. (NASDAQ: SGRY): BofA Securities upgraded the shares to Buy from Neutral. It also bumped its $42 price target to $45, which is still less than the $48.40 consensus target. Friday’s $40.35 close was up almost 6% on the upgrade and positive commentary.
Trade Desk Inc. (NASDAQ: TTD): Morgan Stanley’s upgrade to Overweight from Equal Weight came with a 50% target price boost to $90. The consensus target is $72.14. The shares closed on Friday at $75.87.
Universal Health Services Inc. (NYSE: UHS): BofA Securities upgraded the stock to Buy from Neutral. Its price target of $163 is higher than the $154.07 consensus target. Friday’s final trade for $136.36 a share, up close to 4% on the day.
Valvoline Inc. (NYSE: VVV): When J.P. Morgan downgraded the stock to Neutral from Overweight, the analyst trimmed the $41 target price to $39. The consensus target is $41.60, and shares closed on Friday at $38.65.
Warner Music Group Corp. (NYSE: WMG): As Atlantic Equities downgraded the stock to Neutral from Overweight, the $39 target price dropped to $26. The consensus target is $34.00. The stock closed on Friday at $24.19.
Xcel Energy Inc. (NYSE: XEL): J.P. Morgan cut its Overweight rating to Neutral and its target price to $68 from $79. The consensus target is $72.45, and Friday’s close was at $63.06.
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Friday’s top analyst upgrades and downgrades included Aramark, Bluebird Bio, Chevron, Chewy, CSX, C3.ai, Equitrans Midstream, Exxon Mobil, Macy’s, Micron Technology, Okta, Phillips 66 and Target.
Originally published at 24/7 Wall St.
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