Mobileye Global Inc. (NASDAQ: MBLY): Loop Capital initiated coverage with a Buy rating and a $45 price target. The consensus target is $43.46. The stock closed on Wednesday at $33.95.
News Corp. (NASDAQ: NWSA): Loop Capital upgraded the stock to Buy from Hold and changed its $17 price target to $25. The consensus target is $23.14. The stock closed Wednesday at $20.64, up over 5% on the day, after company management decided against the internal merger with Fox Corp.
Papa John’s International Inc. (NASDAQ: PZZA): BofA Securities initiated coverage on the popular pizza retailer with a Buy rating and a $103 target price. The consensus target is $95.33. The stock closed 4% higher on Wednesday at $86.10 on the positive coverage.
Philip Morris International Inc. (NYSE: PM): Goldman Sachs upgraded the tobacco giant to Buy from Neutral. It also raised its target price to $120, well above the $106.46 consensus target. The stock ended Wednesday’s session trading at $103.42.
Shoals Technologies Group Inc. (NASDAQ: SHLS): Cantor Fitzgerald initiated coverage with a Neutral rating and a $30 target price. The consensus target is $31.92. The stock closed on Wednesday at $28.36.
SunPower Inc. (NASDAQ: SPWR): The Barclays Equal Weight rating was cut to Underweight, and its $26 target price dropped to $18. The consensus target is $21.83. The shares closed on Wednesday at $16.07.
Toast Inc. (NASDAQ: TOST): D.A. Davidson initiated coverage with a Buy rating and a price target of $27. The consensus target is $24.47. Wednesday’s close was at $22.06.
Zions Bancorp. (NASDAQ: ZION): J.P. Morgan downgraded the stock to Equal Weight from Overweight. It also trimmed its $49 price target to $46, even further from the $56.83 consensus target. The stock closed on Wednesday at $52.02.
Five top safe stock picks from the Berkshire Hathaway portfolio pay dependable dividends and look like good ideas now for conservative investors worried about a continuation of the bear market and the potential for a recession.
Wednesday’s top analyst upgrades and downgrades included Amazon.com, Blackstone, Caesars Entertainment, Dollar Tree, DraftKings, GlobalFoundries, IBM, Lyft, Marathon Oil, McDonald’s, Palo Alto Networks, Starbucks, Target, Toast and ZScaler.
Originally published at 24/7 Wall St.
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