Roblox Corp. (NYSE: RBLX): D.A. Davidson initiated coverage with a Buy rating and a $55 target price. The consensus target is $42.02. The shares ended on Wednesday at $45.50.
Spotify Technology S.A. (NYSE: SPOT): Goldman Sachs lowered its $133 price target on the Neutralated shares to $114. The $132.42 consensus is also well above Wednesday’s last print of $84.42, which was down 13%, after the company posted metrics this week Wall Street did not take kindly to.
Synchrony Financial (NYSE: SYF): Goldman Sachs lowered its $40 price target on the Buyated stock to $35. The consensus target is $39.67. The shares closed on Wednesday at $35.05.
Visa Inc. (NYSE: V): Oppenheimer reiterated a Buy rating but trimmed its $216 target price to $210. The consensus target is up at $251.01. The shares closed on Wednesday at $203.88, up almost 5% on the day after posting very solid numbers for the quarter.
Washington Trust Bancorp Inc. (NASDAQ: WASH): Compass Point downgraded the stock to Neutral from Buy and reduced the $60 target price to $49. The consensus target is $53.25. The final trade on Wednesday was reported at $46.74, down over 4% on the day despite earnings topping estimates earlier this week.
Whirlpool Corp. (NYSE: WHR): The BofA Securities downgrade was to Underperform from Neutral, and it chopped its price target to $119 from $155. The consensus target is $149.33. The shares closed on Wednesday at $134.74.
Zoom Video Communications Inc. (NASDAQ: ZM): The Zacks Bear of the Day has become a victim of its own meteoric rise, says the analyst. Shares have traded as high as $291.31 in the past year but closed most recently at $83.37. That is down more than 54% year to date.
For nervous and frustrated investors looking for a safe harbor in a rough fourth quarter, seven blue chip stocks offer a degree of safety and some tempting dividends, which can really help with the total return potential.
Wednesday’s early top analyst upgrades and downgrades included Coterra Energy, EOG Resources, FedEx, Fortinet, Hertz Global, Palo Alto Networks, Range Resources, Stem, TechnipFMC, Twilio and United Parcel Service. Analyst calls seen later in the day were on Ally Financial, Baker Hughes, Biohaven, Biogen, Bumble, Canopy Growth, Corning, Discover Financial Services, Match, Roku and more.
Originally published at 24/7 Wall St.
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