SLM Corp. (NASDAQ: SLM): Morgan Stanley’s upgrade to Overweight from Underweight included a target price bump to $15 from $14. The consensus target is $17.25. The stock closed on Wednesday at $13.06, which was up over 5% for the day on the upgrade and positive commentary.
SolarEdge Technologies Inc. (NASDAQ: SEDG) Janney started coverage with a Buy rating and a $351 target. The consensus target is $366.99. The stock closed almost 5% lower on Wednesday at $278.90.
UnitedHealth Group Inc. (NYSE: UNH): When Raymond James upgraded the stock to Strong Buy from Outperform, it also raised its $615 target price to $630. The consensus target is $596.26. The shares ended Wednesday trading at $509.23, up over 3% for the day on the upgrade.
United Rentals Inc. (NYSE: URI): Exane BNP Paribas resumed coverage with an Outperform rating and a $535 target price. That is well above the $435.53 consensus target and Wednesday’s closing print of $351.27.
Vici Properties Inc. (NASDAQ: VICI): Mizuho started coverage with a Buy rating and a $35 target price. The consensus for the gambling REIT giant is set at $37.68. The shares ended Wednesday at $32.12.
Vita Coco Co. Inc. (NASDAQ: COCO): Craig Hallum initiated coverage with a Buy rating and has set a $25 target price. The consensus target is $19. The stock closed Wednesday at $20.83.
Zions Bancorp N.A. (NASDAQ: ZION): Baird upgraded the stock to Outperform from Neutral with a $60 target price. The consensus is set lower at $49.65. The stock closed Wednesday at $28.63.
BofA Securities has eight top stock picks for the second quarter of 2023, including FedEx, Lowe’s and Netflix, that make good sense for growth investors looking to take some profit and move to new positions.
See why BofA Securities has changed its mind about lithium stocks.
Wednesday’s top analyst upgrades and downgrades included American Express, Analog Devices, Boeing, Chevron, Chipotle Mexican Grill, Comcast, CSX, Etsy, Fastenal, ONEOK, Prudential Financial, RH and ServiceNow.
Originally published at 24/7 Wall St.
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