Newmont Corp. (NYSE: NEM): When Canaccord Genuity upgraded the giant miner to Buy from Hold, it also bumped the $53 target price up to $55. The consensus target is higher at $68.73. Monday’s close at $45.12 was up over 7% for the day on a big spike in gold pricing.
Palo Alto Networks Inc. (NASDAQ: PANW): Stifel reiterated a Buy rating on the cybersecurity software giant. Its $225 target price compares with a consensus target of $221.71 and Monday’s close at $185.90.
Sage Therapeutics Inc. (NASDAQ: SAGE): RBC Capital Markets upgraded the stock to Outperform from Sector Perform and lifted its $40 target price to $60. The consensus target is $57.61 for now. Monday’s final trade was reported at $43.22, which was up over 9% for the day on no news we could source.
Target Hospitality Corp. (NASDAQ: TH): Oppenheimer reiterated an Outperform rating with a $22 target price. The consensus target is $21.33. The shares ended Monday trading at $16.71.
Truist Financial Corp. (NYSE: TFC): Baird’s upgrade was from Neutral to Outperform with a $53 target price. The consensus target is $52.45. The stock closed almost 17% lower on Monday at $32.24 due to the banking panic.
Viking Therapeutics Inc. (NASDAQ: VKTX): Truist Financial reiterated a Buy rating with a $28 target price. The consensus target is just $19.22, and Monday’s close was at $10.58.
Wix.com Ltd (NASDAQ: WIX): Oppenheimer maintained an Outperform rating with a $110 target price. The consensus target is $105.94. The shares closed on Monday at $86.11.
The time for aggressive stock investors to strike is when the proverbial blood is in the streets, and now may be that time. Six top banks should be able to navigate current troubles easily, and their stocks look like smart ideas for these investors. Warren Buffett is a big fan of three of them.
Monday’s top analyst upgrades and downgrades included Arista Networks, Array Technologies, Ballard Power Systems, Caterpillar, Charles Schwab, Chewy, Coterra Energy, DocuSign, Gap, General Electric, KeyCorp, Marathon Petroleum, Marvell Technology, Roblox, Shoals Technologies, SunPower and Sunrun.
Originally published at 24/7 Wall St.
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