NXP Semiconductors N.V. (NASDAQ: NXPI): Oppenheimer reiterated an Outperform rating with a $205 target price. The consensus target is $188.70. Solid fourth-quarter results boosted shares over 5% on Wednesday to close at $193.94.
Shopify Inc. (NYSE: SHOP): Scotiabank initiated coverage with a Sector Perform rating and a $43 target price. The consensus target is $42.59. The last trade on Wednesday was for $50.26 a share.
Snap Inc. (NYSE: SNAP): UBS downgraded the stock to Neutral from Buy and has a $10 target price. The consensus target is at $11.65 for now. The stock closed on Wednesday at $10.37, down over 10% on the day despite a fourth-quarter earnings beat.
Ternium S.A. (NYSE: TX): Citigroup resumed coverage with a Buy rating. Its $50 target price compares with a $45.64 consensus target and the most recent close at $40.78.
TransUnion Corp. (NYSE: TRU): As BofA Securities upgraded the stock to Buy from Neutral, its $72 target price rose to $91. The consensus target is $76.38. The shares closed on Wednesday at $74.21, which was up close to 4% for the day.
Waste Management Inc. (NYSE: WM): Stifel reiterated a Hold rating with a $171 price target. The consensus target is $171.35. Wednesday’s close was at $154.41.
WinTrust Financial Corp. (NASDAQ: WTFC): Hovde’s upgrade was from Market Perform to Outperform with a $108 target. The consensus target is $108.09, and shares closed at $92.94 on Wednesday.
Woodward Inc. (NASDAQ: WWD): Alembic Global Advisors upgraded the stock to Overweight from Neutral. Its $111 target price rose to $127, even further from the $99.14 consensus target. Wednesday’s final trade was for $105.04 a share.
February typically is a so-so month for the stock market, and after a very solid January, it may make sense for growth and income investors to take some profits and move to big-dividend energy stocks.
Wednesday’s top analyst upgrades and downgrades included Alphabet, Bank of America, Dollar General, Edwards Lifesciences, Fortinet, Fox, Halliburton, LyondellBasell Industries, Paramount Global, SoFi Technologies and Truist Financial.
Originally published at 24/7 Wall St.
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