Range Resources Corp. (NYSE: RRC): Goldman Sachs upgraded the stock from Sell to Neutral. Though it nudged its $30 target price to $31, that is still below the $32.29 consensus figure. Wednesday’s final trade was for $29.80 per share.
Sherwin-Williams Co. (NYSE: SHW): When Jefferies upgraded the shares to Buy from Hold, the analyst raised the price target to $275 from $240. The consensus target is $253.26. The stock closed on Wednesday at $228.82.
Southwestern Energy Inc. (NYSE: SWN): The Goldman Sachs downgrade to Sell from Neutral included a target price cut to $5 from $5.75. The consensus target is $7.54. Wednesday’s close was at $5.21.
Textron Inc. (NYSE: TXT): Vertical Research downgraded the shares from Buy to Hold with a $70 target price. The consensus target is $81.48. Wednesday’s closing share price was $62.28.
Toast Inc. (NYSE: TOST): D.A. Davidson resumed coverage with a Buy rating and a $25 target price. The consensus target is $23.38, and Wednesday’s close was at $21.37.
Urban Outfitters Inc. (NASDAQ: URBN): Barclays raised its Equal Weight rating to Overweight and its $27 price target to $38. The consensus target is $28.63. The stock closed at $31.35 on Wednesday.
Workday Inc. (NASDAQ: WDAY): As Exane BNP Paribas upgraded the stock to Buy from Hold, its $240 target price increased to $275. The $211.99 consensus target is closer to Wednesday’s $181.92 closing price.
With money market and certificate of deposit rates well over 4% and interest rate hikes winding down, it makes sense now for growth and income investors to look at blue chip stocks with big and dependable dividends.
See what has analysts and investors excited about the outlook for Nvidia.
These CEOs of major U.S. companies make 1,000 times more than their employees.
Some feel the stock market could be headed for a 20% or greater drop, with or without a debt ceiling default. Here is how investors should prepare now for a market crash.
Wednesday’s top analyst upgrades and downgrades included Chevron, Cleveland-Cliffs, Infosys, Knight-Swift Transportation, Microsoft, Nucor, Salesforce, Steel Dynamics, Wheaton Precious Metals and Zoom Video Communications.
Originally published at 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.