Nasdaq Inc. (NASDAQ: NDAQ): Oppenheimer reiterated an Outperform rating and raised its $65 target price to $71. The consensus target is $65.44. Wednesday’s close was at $63.61.
Nexstar Media Group Inc. (NASDAQ: NXST): Wells Fargo downgraded the shares to Equal Weight from Overweight and lowered the $227 target price to $175. The consensus target is $230.22. The stock closed on Wednesday at $158.94, a retreat of 5% for the day, despite posting a solid earnings report.
PACCAR Inc. (NASDAQ: PCAR): Zacks has selected this truck maker as its Bull of the Day stock, citing resilient demand for its products and the stock as an excellent value play. Shares hit a 52-week high of $101.51 on Wednesday and are up about 17% in the past six months.
Plug Power Inc. (NASDAQ: PLUG): Oppenheimer stuck with an Outperform rating but cut its $63 price target in half to $31. The consensus target is $33.31 for now. The shares closed on Wednesday at $14.61.
PubMatic Inc. (NASDAQ: PUBM): Oppenheimer lowered its $28 target price to $23 but maintained an Outperform rating. The consensus target is $27.25 for now. Wednesday’s last trade at $13.86 was down over 14% for the day, after beating estimates but giving disappointing forward guidance.
Tyson Foods Inc. (NYSE: TSN): BofA Securities downgraded the stock to Underperform from Neutral and cut the $73 price target to $61. The consensus target is up at $86.99. The stock ended Wednesday’s session over 5% lower at $64.13, likely on the downgrade.
Unisys Corp. (NYSE: UIS): Canaccord Genuity downgraded the stock to Hold from Buy and hammered its $20 target price down to $5. The consensus target is $18.00 for now. Wednesday’s close at $4.39 was down over 5% on the day.
Walt Disney Co. (NYSE: DIS): Goldman Sachs reiterated a Buy rating on the entertainment giant while cutting its $137 target price to $118. The consensus target is near $122 for now. The stock closed Wednesday at $86.75, down 13% after results missed estimates due in part to massive streaming costs.
Five safe, dividend-paying stocks may be the place to be if we see a huge pullback into the end of the year. These Dividend Kings have raised their payouts to shareholders for at least 50 consecutive years, making them outstanding ideas for nervous investors now.
Wednesday’s top analyst upgrades and downgrades included Amgen, Archer Daniels Midland, Eli Lilly, Home Depot, Medtronic, Palantir Technologies, Snowflake, Take-Two Interactive Software, Viatris and Walgreens Boots Alliance.
Originally published at 24/7 Wall St.
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