Lululemon Athletica Inc. (NASDAQ: LULU): Citigroup’s upgrade to Buy from Neutral included a target price hike to $440 from $350. The consensus target is $372.82. Wednesday’s $361.04 close was up over 12% for the day in the wake of stellar results.
Macy’s Inc. (NYSE: M): Gordon Haskett’s downgrade was from Accumulate to Hold with an $18 target price. The consensus target is $24.18. The shares closed on Wednesday at $17.31.
Marathon Petroleum Corp. (NYSE: MPC): When Goldman Sachs raised its Neutral rating to Buy, the $132 target price increased to $150. The consensus target is $152.27. Shares closed at $134.10 on Wednesday.
Medtronic PLC (NYSE: MDT): UBS downgraded the stock to Sell from Buy and slashed its $127 target price to $79. The consensus target is $91.18. The shares closed on Wednesday at $79.06.
Micron Technology Inc. (NASDAQ: MU): Goldman Sachs boosted its $59 price target on the Buy-rated shares to $65. The consensus target is $65.04. The stock closed on Wednesday at $63.54, which was up over 7% on the day despite less-than-stellar results.
Nextracker Inc. (NASDAQ: NXT): BofA Securities upgraded the shares to Buy from Neutral. Its $36 target price is now $40, above the $39.36 consensus target. Wednesday’s $33.54 close was up over 3% for the day on the upgrade.
Omnicom Group Inc. (NYSE: OMC): Exane BNP Paribas upgraded the advertising giant to Neutral from Underperform. Its $96 target price is higher than the $93.60 consensus target and Wednesday’s close at $90.45.
Viking Therapeutics Inc. (NASDAQ: VKTX): Truist Financial reiterated a Buy rating and raised its $28 target price to $32. The consensus target is just $19.50, below Wednesday’s close at $23.70.
Vipshop Holdings Ltd. (NYSE: VIPS): Daiwa Securities upgraded the stock to Outperform from Neutral and has a $17.30 target price. The $15.93 consensus target is closer to Wednesday’s close at $14.98.
Many regional banks are well run and do not have the issues that the recently failed banks had. Six top regional banks pay dividends, and their shares are rated Buy at Goldman Sachs and hold some huge upside potential.
Meanwhile, see why J.P. Morgan has turned cool on oil refiners.
Wednesday’s top analyst upgrades and downgrades included Array Technology, Blink Charging, Carnival, Carrier Global, DocuSign, Fox, Marathon Petroleum, Occidental Petroleum, PagSeguro Digital, Paramount Global, Salesforce, Viking Therapeutics and Williams Companies.
Originally published at 24/7 Wall St.
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