Microsoft Corp. (NASDAQ: MSFT): Barclays reiterated an Overweight rating and boosted the target price in a big way, from $336 to $425. The consensus target is $352.65, and Wednesday’s close was a bit higher at $355.01.
Penske Automotive Group Inc. (NYSE: PAG): Stephens cut its Overweight rating to Equal Weight and yet raised the $156 price target to $185. The consensus target is $157.80. On Wednesday, shares closed at $178.40.
PotlatchDeltic Corp. (NASDAQ: PCH): RBC Capital Markets downgraded the shares to Sector Perform from Outperform. The firm’s target price of $55 compares with a $55.38 consensus target and Wednesday’s close at $53.05.
QuantumScape Corp. (NYSE: QS): As TD Cowen downgraded the shares to Market Perform from Outperform, it slashed its $14 target price to $8. The $5.71 consensus target is also less than Wednesday’s closing print of $10.17.
Redfin Corp. (NASDAQ: RDFN): Gordon Haskett downgraded the shares from Hold to Underperform with a $10.50 target price. The consensus target is $8.56. The stock closed at $14.57 on Wednesday, which was down almost 15% for the day after the downgrade.
Republic Services Inc. (NYSE: RSG): Citigroup initiated coverage with a Buy rating and a $150 price target. The consensus target is $156.88. Wednesday’s last trade was reported at $149.85.
Snowflake Inc. (NYSE: SNOW): The BNP Paribas upgrade was to Neutral from Underperform, and the firm has a $173 target price on shares of the cloud computing company. The consensus target is up at $199.39, and shares closed at $185.84 on Wednesday.
Starbucks Corp. (NASDAQ: SBUX): Wells Fargo reiterated an Overweight rating but trimmed its $125 target price down to $120. The consensus target is $114.80. Wednesday’s close at $101.83 was down over 3% on the day.
Thermo Fisher Scientific Inc. (NYSE: TMO): Raymond James initiated coverage with an Outperform rating and a $595 target price. The consensus target is higher at $621.55. Wednesday’s final trade was for $536.95 a share.
Wednesday’s top analyst upgrades and downgrades included Activision Blizzard, Carnival, Citigroup, Coherent, DraftKings, Foot Locker, Leslie’s, Lumentum, Melco Resorts & Entertainment, Pinterest, Shopify, Trade Desk and UnitedHealth.
Originally published at 24/7 Wall St.
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