L3 Harris Technologies Inc. (NYSE: LHX): As Bernstein downgraded the shares to Market Perform from Outperform, its target price decreased to $210 from $239. The consensus target is $234.76, and the stock closed on Monday at $178.15.
Nerdy Inc. (NYSE: NRDY): Raymond James resumed coverage with an Outperform rating and a $5.50 target. The consensus target is $6.07. Monday’s close was at $4.71.
Nike Inc. (NYSE: NKE): Stifel reiterated a Buy rating but trimmed its target price to $135 from $143. The consensus target is $126.54, Monday’s closing share price was $99.62.
NovoCure Ltd. (NASDAQ: NVCR): H.C. Wainwright downgraded the shares to Neutral from Buy, and it slashed its $85 target price to $25. The consensus target is $80.29 for now. Monday’s $18.60 close was down almost 38% for the day. Reports indicated that the company’s Phase 3 treatment for ovarian cancer failed to meet the primary endpoint.
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN): Oppenheimer reiterated an Outperform rating with a $1,050 target price. The consensus target is just $898.86. The final trade on Monday was posted at $830.89.
Tetra Tech Inc. (NASDAQ: TTEK): RBC Capital Markets initiated coverage with an Outperform rating. Its $181 target price is less than the consensus target of $193. The ended closed Monday’s session trading at $157.98.
Zimmer Biomet Holdings Inc. (NYSE: ZBH): BTIG Research upgraded the stock from Neutral to Buy with a $139 price target. The consensus target is $150.82. The stock closed at $117.51 on Monday.
For a variety of reasons, five top S&P 500 stocks have struggled this year despite offering big and dependable dividends and solid total return potential. That makes them very timely picks for investors who are more conservative to own for the rest of this year and into 2024.
The maker of Bud Light and the social media firm formerly known as Twitter are among America’s most hated companies. And see which popular clothing brands are still made in America.
Monday’s top analyst upgrades and downgrades included Abercrombie & Fitch, Affirm, APA, Chewy, Ciena, Digital Realty Trust, Dollar Tree, Fidelity National Information Services, GE Healthcare Technologies, Netflix, Nordstrom, Palo Alto Networks, Western Alliance Bancorp and Workday.
Originally published at 24/7 Wall St.
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