Republic Services Inc. (NYSE: RSG): BMO Capital Markets downgraded the solid waste and recycling giant to Market Perform from Outperform. It also trimmed its $152 target price to $148. The consensus target is $152.07. Shares closed on Wednesday at $135.57.
Silicon Laboratories Inc. (NASDAQ: SLAB): Cowen reiterated an Outperform rating and raised its target price to $175 from $150. The consensus target is $145.13. Wednesday’s close was at $139.47.
SolarEdge Technologies Inc. (NASDAQ: SEDG): BofA Securities upgraded the stock and lifted its $269 target price to $367. The consensus target is $334.21. The shares ended Wednesday at $310.79, which was up almost 4% on the day.
Southwestern Energy Inc. (NYSE: SWN): As Citigroup downgraded the shares to Neutral from Buy, it also lowered its $10 target price to $6.50. The consensus target is $10.97. The stock closed on Wednesday at $6.04.
Stitch Fix Inc. (NASDAQ: SFIX): Telsey Advisory reiterated a Market Perform rating but trimmed its target price to $5 from $6. The consensus target is $5.11. The stock closed on Wednesday at $3.69.
StoneCo Ltd. (NASDAQ: STNE): Morgan Stanley’s downgrade was to Equal Weight from Overweight, and its slimmed the $17 target price to $15. The consensus target is $11.64. The stock closed on Wednesday over 6% lower at $10.27.
Tradeweb Markets Inc. (NASDAQ: TW): Raymond James raised its Market Perform rating to Outperform with a $74 target price. The consensus target is $73.63. The stock closed on Wednesday at $64.35.
TripAdvisor Inc. (NASDAQ: TRIP): Wolfe Research downgraded the stock to Underperform from Peer Perform and has a $17 target price. The consensus target is $26.14 for now. The stock closed on Wednesday at $17.80, down almost 7% for the day on no news we could find.
One of the most respected strategists on Wall Street sees the potential for a collapsing labor market in 2023. Seven top bond market proxy stocks look like solid and safe defensive ideas in case the stock market takes a beating next year.
Is Mark Zuckerberg America’s worst CEO of 2022? How about Andy Jassy or Ernest Garcia?
Wednesday’s top analyst upgrades and downgrades included Array Technologies, Conagra Brands, Costco Wholesale, Edwards Lifesciences, Estee Lauder, General Electric, General Mills, Hanesbrands, JPMorgan Chase, Lumen Technologies, Royal Caribbean Cruise, Schlumberger, State Street, United Airlines and Walmart.
Originally published at 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
