Oracle Corp. (NYSE: ORCL): D.A. Davidson began covering the software giant with a Neutral rating and an $85 target price. That is less than the $92.76 consensus target and Wednesday’s final print of $86.71.
PayPal Holdings Inc. (NASDAQ: PYPL): SMBC Nikko downgraded the stock to Underperform from Neutral, and it chopped its $95 target price to $75. The consensus target is $105.78. Wednesday’s $77.31 close was almost 4% lower on the day.
Pegasystems Inc. (NASDAQ: PEGA): Citigroup’s upgrade to Buy from Neutral came with a price target hike to $45 from $36. The consensus target is $38. The stock closed Wednesday at $37.27, which was up close to 5% on the upgrade.
Seagate Technology Holdings PLC (NASDAQ: STX): Morgan Stanley upgraded the stock to Overweight from Equal Weight and raised its $54 target price to $69. The consensus target is $58.26. The shares closed Wednesday at $58.71, a 3% one-day gain.
Shopify Inc. (NYSE: SHOP): D.A. Davidson initiated coverage with a Neutral rating and a $34 price target. The consensus target is up at $41.02. The stock closed on Wednesday at $39.71.
Skechers USA Inc. (NYSE: SKX): Morgan Stanley’s downgrade was to Equal Weight from Overweight, and it has a $46 target price. The consensus target is $47.71. Wednesday’s close was at $46.06.
Williams Companies Inc. (NYSE: WMB): Barclays downgraded the stock to Equal Weight from Overweight and has a $37 target price. The consensus target is $37.51. The shares closed over 3% lower on Wednesday at $31.68.
Willis Towers Watson PLC (NASDAQ: WTW): Keefe Bruyette lifted its Market Perform rating to Outperform with a $303 target price. The consensus target is just $257.64. The stock closed on Wednesday at $251.29.
Yeti Holdings Inc. (NYSE: YETI): Cowen downgraded the cooler heavyweight to Market Perform from Outperform. Its $47 target price is well below the $53.27 consensus figure. Wednesday’s close at $41.83 was down over 7% for the day on the downgrade and the very weak tape.
Value stocks are outpacing growth stocks so far this year, and seven outstanding value stocks come with healthy and dependable dividends and offer slow and steady growth with the ability to weather economic storms.
Wednesday’s top analyst upgrades and downgrades included BP, ConocoPhillips, Equity Residential, Exxon Mobil, Global Payments, Kroger, Microsoft, NRG Energy, RingCentral, Valero Energy, Wayfair, Wendy’s and Workday.
Originally published at 24/7 Wall St.
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