Prime Medicine Inc. (NASDAQ: PRME): Jefferies initiated coverage with a Buy rating and a $25 target price. A consensus was not available, as the company had a recent initial public offering. The shares ended Monday trading at $19.61, down over 7% on the day.
Redfin Corp. (NASDAQ: RDFN): Oppenheimer maintained an Underperform rating on the stock and raised their target price to $3.20 from $1.30. The consensus is set at $4.90. The stock closed Monday at $4.75 down almost 10% after the company announced they were ending their iBuying program.
Ritchie Bros. Auctioneers Inc. (NYSE: RBA): The Neutral rating at Northcoast is now at Buy, and the firm’s $65 target price is well above the consensus target of $59.83. The stock closed up 2% on Monday at $55.99 on no news except the upgrade.
Skechers USA Inc. (NYSE: SKX): Suggesting that investors sell this footwear stock with both feet, Zacks selected it as its Bear of the Day. Shares have traded as high as $49.89 in the past year but closed most recently at $39.18, after a pop of about 13% in the past month.
Thoughtworks Holding Inc. (NASDAQ: TWKS): When Piper Sandler downgraded the software stock to Neutral from Overweight, it also cut its $14 target price to $9.50. The consensus target is $15.40. The shares closed on Monday at $8.34.
TransDigm Group Inc. (NYSE: TDG): Goldman Sachs reiterated a Buy rating with an $814 price target. The consensus target is $724.22, and the stock closed on Monday at $616.14.
Veris Residential Inc. (NYSE: VRE): BofA Securities raised its Underperform rating to Neutral, and the $16 target price increased to $18. The consensus target is $17.00. The shares closed on Monday at $14.71.
Yeti Holdings Inc. (NASDAQ: YETI): Jefferies reiterated a Buy rating on the cooler giant and has a $75 target price. The consensus target is just $52.93. The stock closed on Monday at $44.15.
Energy is up a stunning 70% this year while other sectors have foundered. Seven top energy infrastructure stocks have big and dependable distributions and still have room to run, offering investors solid total return potential.
Monday’s early top analyst upgrades and downgrades included Advanced Micro Devices, Ally Financial, AppLovin, Coherent, FIGS, Nvidia, RingCentral, Spirit Aerosystems and Walgreens Boots Alliance. Analyst calls seen later in the day were on ASML, Bank of America, Dominion Energy, Hasbro, Nio, Occidental Petroleum, Teva Pharmaceutical Industries and more.
Originally published at 24/7 Wall St.
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