PlayAGS Inc. (NYSE: AGS): Jefferies upgraded the stock to Buy from Hold. The analyst also lifted the $7 target price to $10, though the consensus target is $11.13. Monday’s $6.14 close was a 16% gain on the day after the upgrade.
Silk Road Medical Inc. (NASDAQ: SILK): Wolfe Research downgraded the stock to Underperform from Peer Perform and has a $27 target. The consensus target is $52 for now. The shares closed on Monday at $34.52, which was down close to 6% for the day on the downgrade and lousy results that were posted last week.
SoFi Technologies Inc. (NASDAQ: SOFI): Wedbush cut its Neutral rating to Underperform and its $5 price target in half to $2.50. The consensus target is $7.54 for now. The stock closed on Monday at $4.77, down 5% after the downgrade.
Sphere Entertainment Co. (NASDAQ: SPHR): Guggenheim downgraded the stock to Neutral from Buy and slashed its $78 target price to $25. The consensus target is $55.67. On Monday, the closing share price was $22.05.
Tapestry Inc. (NYSE: TPR): Bernstein’s upgrade to Outperform from Market Perform included a target price hike to $55 from $50. The consensus target is $49.68. Monday’s close was at $43.05.
Washington Trust Bancorp Inc. (NASDAQ: WASH): Although Piper Sandler upgraded the stock to Neutral from Underweight, it also trimmed its $27 target price to $26. The consensus target is $30. The shares closed on Monday at $23.10.
Wisdom Tree Inc. (NYSE: WT): Oppenheimer reiterated an Outperform rating. Its $9 target price compares with the $7.32 consensus target and Monday’s $7.02 closing share price.
A huge energy master limited partnership merger could signal more consolidation in the space, and five top big-dividend MLPs may be in the sights of one of the larger players as the next buyout target.
Monday’s top analyst upgrades and downgrades included CyberArk Software, Diageo, Dish Network, Electronic Arts, Fox, Gilead Sciences, Molson Coors Beverage, O’Reilly Automotive, PacWest Bancorp, Palo Alto Networks, SoFi Technologies and Twilio.
Originally published at 24/7 Wall St.
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