International Business Machines Corp. (NYSE: IBM): RBC Capital Markets initiated coverage with an Outperform rating, and its price target is $188. The consensus target is just $143.00. The shares closed on Wednesday at $149.83.
Kimco Realty Corp. (NYSE: KIM): Wells Fargo upgraded the shares to Equal Weight from Underweight, and its target price is $20. The consensus target is $22.51. The final trade for Wednesday was reported at $18.45.
Louisiana-Pacific Corp. (NYSE: LPX): TD Securities raised its Hold rating to Buy and has a $78 target price. The consensus target is $76, and Wednesday’s closing print was $57.62.
Lululemon Athletica Inc. (NASDAQ: LULU): Needham started coverage with a Buy rating and a $470 target price. The consensus target is just $435.71. The stock finished Wednesday’s session at $391.88.
nCino Inc. (NASDAQ: NCNO): Morgan Stanley downgraded the shares to Underweight from Equal Weight and has a $24 price target. The consensus target is $32.50. The stock closed on Wednesday at $32.07.
Pinterest Inc. (NYSE: PINS): Citigroup raised its Neutral rating to Buy and its $31 target price to $36. The consensus target is $32.08. The stock closed over 3% higher on Wednesday at $27.02 after multiple upgrades and positive comments from the CEO.
Regency Centers Corp. (NASDAQ: REG): Argus upgraded the shares to Buy from Hold and has set a $70 target price. The consensus target is $69.71. Wednesday’s close was at $62.47.
Skyworks Solutions Inc. (NASDAQ: SWKS): The Outperform rating at Exane BNP Paribas dropped to Neutral, and the firm has a $110 target price. The $120.72 consensus target is higher, but Wednesday’s closing print was $96.33.
Veeva Systems Inc. (NYSE: VEEV): Oppenheimer reiterated an Outperform rating and has a $225 target price. The consensus target is $224.36.Wednesday’s closing share price was $209.49.
Ventas Corp. (NYSE: VTR): As Raymond James downgraded the stock to Outperform from Strong Buy, its $55 target price slipped to $53. The consensus target is $51.41. The last trade on Wednesday came in at $43.98.
Walt Disney Co. (NYSE: DIS): BofA Securities reiterated a Buy rating but cut its target price to $110 from $135. The consensus target is $106.28. The stock closed on Wednesday at $82.56.
Western Digital Corp. (NASDAQ: WDC): The Exane BNP Paribas upgrade was from Neutral to Outperform with a $58 target price. The consensus target is $45.95. Wednesday’s $45.65 close was up almost 4% on the day due to the upgrade.
Wingstop Inc. (NASDAQ: WING): As Wedbush upgraded the stock to Outperform from Neutral, its target price rose to $200 from $180. The consensus target is $199.18. Wednesday’s close was at $175.46.
Zebra Technologies Corp. (NASDAQ: ZBRA): Morgan Stanley downgraded the shares to Underweight from Equal Weight, The analyst also reduced the $276 target price to $220, well below the $305 consensus target. The stock closed on Wednesday at $235.83.
Five top blue chip stocks have struggled this year for a variety of reasons, but their value and total return proposition offer investors who are more conservative some quality ideas for the rest of this year and in 2024.
Wednesday’s top analyst upgrades and downgrades included Arm, Carnival, CVS Health, Deere, Dell Technologies, Intercontinental Exchange, Planet Fitness, Rackspace Technology, Royal Caribbean Cruises, SoFi Technologies, Southwest Airlines, Starbucks and Super Micro Computer.
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.
