PACCAR Inc. (NASDAQ: PCAR): Morgan Stanley’s upgrade to Overweight from Equal Weight included a target price hike to $136 from $91. The consensus target is $98.47. The stock ended Wednesday’s session trading at $102.76.
Physicians Realty Trust (NYSE: DOC): KeyBanc Capital Markets upgraded the shares from Equal Weight to Overweight with a $17 target price. The consensus target is $16.93. The stock closed on Wednesday at $14.86.
Plug Power Inc. (NASDAQ: PLUG): UBS initiated coverage with a Buy rating and a $26 target price. The consensus target is $30.24. Wednesday’s $15.21 closed was up almost 8% for the day on the upgrade.
PulteGroup Inc. (NYSE: PHM): Barclays upgraded the homebuilder to Overweight from Equal Weight and boosted its $48 price target to $58. The consensus target is $51.83. Wednesday’s close was at $46.33.
QuantumScape Corp. (NYSE: QS): Goldman Sachs downgraded the battery maker to Sell from Neutral and dropped its $8 target price to $5. The consensus target is $12.67 for now. The stock closed almost 6% lower on Wednesday at $6.69 in the wake of the downgrade.
Repligen Corp. (NASDAQ: RGEN): Deutsche Bank began coverage with a Hold rating and a $180 target price. The consensus target is $233.10. The stock ended trading on Wednesday at $177.42
RingCentral Inc. (NYSE: RNG): Though Morgan Stanley raised its Equal Weight rating to Overweight, it also trimmed its $55 target price to $50. The consensus target is $54.12. The shares closed almost 8% higher on Wednesday at $41.84 on the upgrade.
Goldman Sachs believes that conditions for residential real estate investment trusts are poised to improve and that selective picks could set up patient investors for some big total return potential.
Wednesday’s early top analyst upgrades and downgrades included Affirm, American Express, Block, Centene, Etsy, Gilead Sciences, KeyCorp, Norwegian Cruise Line, Okta, PayPal, Philip Morris International, Pinterest, Robinhood Markets, U.S. Bancorp and Walt Disney. Analyst calls seen later in the day were on Best Buy, Caesars Entertainment, Darden Restaurants, Datadog, Digital Realty Trust, Hilton Worldwide, Lennar, Marriott International, PENN Entertainment, SolarEdge Technologies and more.
Originally published at 24/7 Wall St.
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