Post Holdings Inc. (NYSE: POST): Stifel resumed its coverage with a Buy rating and a $106 target price. The consensus target is $104.00, and the shares ended Friday’s session at $86.96.
ResMed Inc. (NYSE: RMD): Mizuho initiated coverage with a Buy rating and a $255 target price. The consensus target is $255.78. The final trade Friday hit the tape at $224.56.
Rivian Automotive Inc. (NASDAQ: RIVN): Piper Sandler’s downgraded to Neutral from Overweight included a price target slash to $15 from $63. The consensus target is $27.60. The stock closed 7% lower on Friday at $13.38 after the downgrade.
Shift4 Payments Inc. (NYSE: FOUR): Stephens started coverage with an Equal Weight rating. Its $80 target price tops the $78.64 consensus target. Friday’s close at $70.23 was down close to 4% for the day.
SLM Corp. (NASDAQ: SLM): Compass Point upgraded the stock from Neutral to Buy with an $18 target price. The consensus target is $17.08. The shares closed on Friday at $14.32, which was up over 4% on the day.
Steris PLC (NYSE: STE): When Piper Sandler cut its Overweight rating to Neutral, its price target dropped to $197 from $215. The consensus target is $220. Friday’s $186.53 was down over 4% for the day on the downgrade.
Sunrun Inc. (NASDAQ: RUN): Capital One resumed coverage with a Buy rating, but its $32 target price is less than the $39.14 consensus target. The stock closed at $19.44 on Friday.
Toast Inc. (NASDAQ: TOST): Stephens initiated coverage with an Equal Weight rating and an $18 target price. The consensus target is $22.74. Friday’s close was at $17.57.
V.F. Corp. (NYSE: VFC): As Goldman Sachs upgraded the stock to Buy from Sell, it nudged its $26 target price to $27. The consensus target is $28.85. The stock closed 3% higher on Friday at $22.48 after the upgrade.
Vishay Precision Group Inc. (NYSE: VPG): B. Riley Securities started coverage with a Buy rating and a $54 target price. The consensus target is $52.33. The stock closed on Friday at $40.96.
The Wall Street axiom about buying when there is blood in the streets may be in play here after some big money center banks posted strong numbers on Friday. Six mega-bank stocks with dependable dividends look poised for a strong bounce higher.
Friday’s top analyst upgrades and downgrades included American Airlines, Broadcom, Chevron, DraftKings, Enphase Energy, EOG Resources, Exxon Mobil, First Solar, Hertz Global, LyondellBasell Industries, McDonald’s, Merck, Meta Platforms, Shopify and SunPower.
Originally published at 24/7 Wall St.
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