Parsons Corp. (NYSE: PSN): The Hold rating at Truist Financial is now at Buy, and its target price moved to $60 from $50. The consensus target is $51.89. Shares closed on Friday at $49.40.
Perficient Inc. (NASDAQ: PRFT): Scotiabank raised its Sector Perform rating to Sector Outperform with a $70 price objective. The consensus target is up at $84.71. The stock closed down over 5% on Friday at $63.49, after posting so-so quarterly results.
Roku Inc. (NASDAQ: ROKU): Needham reiterated a Buy rating and lifted its target price to $85 from $80. Oppenheimer stayed with an Outperform rating but changed its $75 target to $90. D.A. Davidson keeps a Buy rating and bumped its $75 target to $81. The consensus target is $69.19 for now. The stock exploded higher Friday, up over 31% to close at $89.61, due to huge results for the quarter and a sizable short position seemingly being covered.
Southwest Airlines Co. (NYSE: LUV): Deutsche Bank’s downgrade was to Hold from Buy, and its $52 price target dropped to $38. The consensus target is $41.68 for now. The shares closed Friday at $33.70, up over 2% for the day, as despite posting record revenues, concerns over rising costs and slowing travel demand pressured the stock.
Snap Inc. (NYSE: SNAP): China Renaissance downgraded the shares to Sell from Hold. Its target price is set at $7. The consensus target is $8.98, and Friday’s close was at $10.68. That was up over 3% on the day.
Trade Desk Inc. (NASDAQ: TTD): BTIG Research upgraded the stock to Buy from Neutral and has a $104 target price. The consensus target is $78.18. Friday’s $90.45 close was up just shy of 6% due to the upgrade.
Ultra Clean Holdings Inc. (NASDAQ: UCTT): Craig Hallum upgraded the shares to Buy from Hold. Its $60 target price towers over the consensus target of $39.33 and Friday’s $36.13 per share close.
Wingstop Inc. (NASDAQ: WING): As Wedbush downgraded the stock to Neutral from Outperform, its $240 target price dropped to $185. The consensus target is $197.81. Friday’s close at $164.83 was down over 8% for the day on the downgrade and concerns over this week’s coming earnings report.
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Friday’s top analyst upgrades and downgrades included Apple, Bilibili, Boeing, Carvana, Coty, Estee Lauder, Meta Platforms, Omega Healthcare Investors, RTX, Southwest Airlines and SunPower.
Originally published at 24/7 Wall St.
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