Meta Platforms Inc. (NASDAQ: META): DK Bank’s upgrade was from Sell to Hold with a $180 target price. The consensus target is higher at $202.28. The stock closed on Friday at $186.53.
Neurocrine Biosciences Inc. (NASDAQ: NBIX): While Morgan Stanley upgraded the shares to Overweight from Equal Weight, it also lifted its $120 target price to $130. That compares with the $127.75 consensus target and Friday’s closing print of $110.03.
Nordstrom Inc. (NYSE: JWN): The Reduce rating at Gordon Haskett is now at Hold, and the firm has a $22 target. The consensus target is $17.82 for now. The shares exploded Friday, closing up almost 25% at $26.38, after it was disclosed that activist Ryan Cohen was buying stock in a big way.
Nutrien Ltd. (NYSE: NTR): Raymond James downgraded the shares to Market Perform from Outperform and has a $90 target price. The consensus target is $98.90. The stock closed on Friday at $82.96.
Spirit Aerosystems Holdings Inc. (NYSE: SPR): RBC Capital Markets downgraded the stock to Sector Perform from Outperform. It also cut its $38 price target to $36, below the $37.50 consensus target. The stock closed almost 5% lower on Friday at $34.43, in part on Boeing downgrades and issues.
Stanley Black & Decker Inc. (NYSE: SWK): Citigroup’s upgrade to Neutral from Sell included a target price boost to $106 from $69. The consensus target is $87.38. The stock closed on Friday at $93.82.
Tradeweb Markets Inc. (NASDAQ: TW): Goldman Sachs raised its $79.50 price target on the Buy-rated shares to $90. The consensus target is $79.83. Friday’s close was at $71.97.
Upstart Holdings Inc. (NASDAQ: UPST): The Buy rating at Loop Capital has dropped to Hold, but its $24 target is still higher than the $14.54 consensus target. The stock closed at $22.10 on Friday, which was down 7% for the day on the downgrade.
It may be time to sell the bear market rally and buy stocks that pay good dividends and can act as a hedge against further downside. Seven outstanding stocks look well situated if the selling returns, and they are now offering investors timely entry points.
Friday’s top analyst upgrades and downgrades included FedEx, First Solar, Fortinet, Hasbro, Meta Platforms, Okta, Peloton Interactive, Qualtrics International, United Parcel Service and Waste Management.
Originally published at 24/7 Wall St.
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