Booking Holdings Inc. (NASDAQ: BKNG): Though BofA Securities downgraded the stock to Neutral from Buy, its price target blasted higher to $2,700 from $2,250 in a very unusual move. The consensus target is $2,384.28. The stock closed on Wednesday at $2,390.75.
Cheesecake Factory Inc. (NASDAQ: CAKE): The Neutral rating at UBS is now at Sell. The $30 target price is less than the $34.50 consensus target. The shares closed on Wednesday at $37.97.
Diamondback Energy Inc. (NASDAQ: FANG): Wells Fargo initiated coverage with an Overweight rating and a $181 target price. The consensus target is $179.38. The shares closed on Wednesday at $147.08.
D.R. Horton Inc. (NYSE: DHI): As Wedbush downgraded the homebuilder to Neutral from Outperform, it cut its $104 target price to $96. The consensus target is $102.12. The stock closed on Wednesday at $95.48. At these trading levels, this looks like a valuation call.
Dutch Bros Inc. (NASDAQ: BROS): Wedbush initiated coverage with a Neutral rating and a $37 target price. The consensus target is $40.11. Wednesday’s final trade was reported at $34.46.
Enphase Energy Inc. (NASDAQ: ENPH): Piper Sandler’s downgrade to Neutral from Overweight included its $350 target slashed to $255. The consensus target is $308.50. The stock closed over 4% lower on Wednesday at $210.32 after the downgrade.
Fisker Inc. (NYSE: FSR): Morgan Stanley downgraded the stock to Underweight from Equal Weight and chopped its $8 price target in half to $4. The consensus target is $12.60. Wednesday’s close at $6.92 was down over 5% for the day on the downgrade.
Fox Corp. (NASDAQ: FOXA): Loop Capital raised its Hold rating to Buy with a $40 target price. The consensus target is $36.83. Wednesday’s $33.49 close was up over 3% on the day.
Horace Mann Educators Corp. (NYSE: HMN): Piper Sandler downgraded the stock to Neutral from Overweight, and it lowered its $42 target price to $38, below the consensus target of $40.50. The stock closed almost 7% lower on Wednesday at $33.65 due to the downgrade.
Lightspeed Commerce Inc. (NYSE: LSPD): BofA Securities started coverage with a Neutral rating and a $21 target price. The consensus target is $29.98. The shares closed on Wednesday at $17.07.
Magna International Inc. (NYSE: MGA): When TD Securities downgraded the shares to Hold from Buy, the analyst lowered the $76 target price to $69. The consensus target is $71.53. Wednesday’s close was at $61.14.
Microsoft Corp. (NASDAQ: MSFT): The BMO Capital Markets downgrade was to Market Perform from Outperform. The firm clipped the $267 target price to $265. The consensus target is $291.60, and shares ended Wednesday trading at $240.61.
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