Skyworks Solutions Inc. (NASDAQ: SWKS): Barclays upgraded the stock to Overweight from Equal Weight and lifted its $95 price target to $125. The consensus target is $108.23. Monday’s $109.61 closed was up almost 7% for the day on the upgrade.
Stanley Black & Decker Inc. (NYSE: SWK): Citing earnings estimate cuts, Zacks named this toolmaker as its Bear of the Day stock. Shares have traded as high as $180.93 in the past year but closed most recently at $88.47.
Ternium S.A. (NYSE: TX): BofA Securities upgraded the stock to Buy from Neutral. Its $38 price target is now $42, short of the $44.91 consensus target. Monday’s close at $38.78 was a one-day gain of almost 3%.
Tesla Inc. (NASDAQ: TSLA): Though Truist Financial reiterated a Buy rating, it slashed its $299 target price to $245. The consensus target is $196.22. Positive analyst commentary in front of this week’s earnings report had shares up almost 8% on Monday at the $143.74 close.
Wayfair Inc. (NYSE: W): J.P. Morgan raised the stock to Overweight from Underweight and has a $63 target price, up from $35. The consensus target is $48.07 for now. The shares closed on Monday at $59.33, up a stunning 27% on the huge upgrade.
Western Digital Corp. (NASDAQ: WDC): Exane BNP Paribas upgraded the stock to Neutral from Underperform. Its $42 target price compares with a consensus target of $44.01. Monday’s $41.79 closed was up close to 9% for the day on the upgrade and positive analyst commentary.
Workday Inc. (NASDAQ: WDAY): Deutsche Bank’s downgrade to Hold from Buy included a target price cut to $195 from $215. The consensus target is $201.68. Monday’s closing share price was $176.43.
Zoom Video Communications Inc. (NASDAQ: ZM): MKM Partners cut its Buy rating to Neutral and lowered its $100 target price to $75. The consensus target is $86.12. Monday’s close was at $70.97.
See which seven solid dividend-paying stocks could benefit and do well in a period of declining inflation and disinflation, making them great ideas now for investors worried about the potential for a recession this year.
Monday’s top analyst upgrades and downgrades included Advanced Micro Devices, Global Payments, Lululemon Athletica, Mastercard, Mosaic, Netflix, Nordstrom, Pinterest, Travelers and Truist Financial.
Originally published at 24/7 Wall St.
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