Micron Technology Inc. (NASDAQ: MU): Stifel raised its $52 price target to $55 while keeping a Hold rating. The consensus target is higher at $64.17. Wednesday’s $60.25 close was down 3% for the day.
Nutrien Ltd. (NYSE: NTR): TD Securities cut its Buy rating to Hold. Its $91 price objective is less than the $98.90 consensus target. Wednesday’s close at $78.17 was down almost 4% on the day.
Omnicom Group Inc. (NYSE: OMC): When Morgan Stanley upgraded the advertising behemoth to Equal Weight from Underweight, it hiked its $85 price target to $95. The consensus target is $83.30. The stock closed on Wednesday at $92.88.
Royal Caribbean Cruises Ltd. (NYSE: RCL): The BofA Securities upgrade was to Neutral from Underperform. The analyst raised the $40 price target to $78, well above the $69.29 consensus figure. The stock closed on Wednesday at $74.51.
TripAdvisor Inc. (NASDAQ: TRIP): As BofA Securities upgraded the stock to Buy from Underperform, it raised its $19 target price to $38. The consensus target is $24.33. The double upgrade had shares closing almost 4% higher on Wednesday at $25.09.
United Airlines Holdings Inc. (NASDAQ: UAL): The Sell rating at Redburn is now at Neutral, with a $55 target price. The consensus target is $57.38. Wednesday’s close was at $50.77.
United Rental Inc. (NYSE: URI): Credit Suisse initiated coverage with an Outperform rating. Its $544 target price compares with the $443.50 consensus target and Wednesday’s closing print of $458.04.
Walmart Inc. (NYSE: WMT): Barclays initiated coverage with a Buy rating and a $159 target price. The consensus target is $140.22. The stock closed Wednesday’s session at $140.22.
Wayfair Inc. (NYSE: W): Barclays upgraded the stock to Equal Weight from Underweight and has a $70 target. The consensus target is $52.52. Wednesday’s close was at $62.46.
Werner Enterprises Inc. (NASDAQ: WERN): Goldman Sachs boosted its $36 target price on the Sell-rated shares to $40. The consensus target is higher at $47.71. The stock closed on Wednesday at $47.90.
With all signs pointing to a looming recession, alternative assets are in demand. Six top gold stocks are rated Buy at BofA Securities and come with respectable dividends, making them great ideas now for worried investors.
Wednesday’s top analyst upgrades and downgrades included Alcoa, Cloudflare, Foot Locker, Fortinet, Lockheed Martin, On Semiconductor, Ovintiv, Pfizer, Take-Two Interactive Software, Tyson Foods and ZoomInfo Technologies.
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.