Lowe’s Companies Inc. (NYSE: LOW): Oppenheimer reiterated an Outperform rating and has a $275 target price. The consensus target is $228.75. Friday’s close was at $199.73.
Marvell Technology Inc. (NASDAQ: MRVL): Goldman Sachs lowered its $54 target price on the Buy-rated company to $46. The consensus target is up at $61.83. Friday’s close at $44.04 was down close to 5% on the day after earnings beat expectations but the company offered downbeat guidance.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA): Pointing out that travel bookings remain red hot in 2023, Zacks selected this as its Bull of the Day stock. Shares last closed at $9.44, and the $12.50 consensus target would be a 52-week high.
Procter & Gamble Co. (NYSE: PG): J.P. Morgan upgraded the legacy consumer staples giant to Overweight from Neutral. The analyst also nudged the $150 target price to $155, in line with the $155.02 consensus target. The final trade for Friday was reported at $140.95 a share.
Range Resources Corp. (NYSE: RRC): The Zacks Bear of the Day has seen earnings estimates falling alongside natural gas prices, says the analyst. Shares have traded as high as $37.44 in the past year but closed most recently at $27.92.
Six Flags Entertainment Corp. (NYSE: SIX): While Citigroup reiterated a Neutral rating, it also bumped its $27 target price to $30. The consensus target is $29.20. The last trade on Friday was reported at $30.40. That was up close to 8% for the day in the wake of solid fourth-quarter earnings that beat Wall Street estimates.
Zscaler Inc. (NASDAQ: ZS): Stifel lowered their target price on the Buy-rated shares to $135 from $165. That compares with the higher (for now) $170.51 consensus target. The shares closed on Friday at $119.24, down over 11% on the day despite beating analysts’ estimates.
Two tech giants and a leading defense contractor are among five large-cap Wall Street favorites expected to raise their dividends this week, making their Buy-rated stocks excellent total return candidates for investors.
Friday’s top analyst upgrades and downgrades included Advanced Micro Devices, Apple, Array Technologies, CarMax, Coupang, Discover Financial Services, Intel, Kohl’s, Marvell Technology, Moderna, Nio, Nvidia, Okta, Plug Power, Salesforce, Sandstorm Gold, Silvergate Capital, Uber Technologies and Western Digital.
Originally published at 24/7 Wall St.
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