Otis Worldwide Corp. (NYSE: OTIS): Wells Fargo’s upgrade was to Equal Weight from Underweight, and its $75 target price is now $88. The consensus target is $86.41. The shares ended Monday at $85.96.
Playtika Inc. (NASDAQ: PLTK): Citigroup resumed coverage with a Neutral rating and an $11 price target. The consensus target is $14.19. Monday’s $10.35 close was up almost 4% for the day.
Power Integrations Inc. (NASDAQ: POWI): The Market Perform rating at Northland Capital is now Outperform, and the analyst boosted the $66 target price to $82. The consensus target is $85.17. The last trade Monday came in at $74.96, which was up 3% for the day on the upgrade.
Principal Financial Group Inc. (NASDAQ: PFG): The BofA Securities downgrade was to Neutral from Buy, and its target price dropped to $78 from $81. The consensus target is $76.15. Monday’s close was at $73.98.
Scotts Miracle-Gro Co. (NYSE: SMG): Stifel upgraded the shares to Buy from Hold. It also raised its $65 target price to $80, just shy of the $80.29 consensus target. Monday’s $70.48 close was up over 5% on the day after the upgrade.
Teradata Corp. (NYSE: TDC): Guggenheim raised its Neutral rating to Buy with a $62 price target. The consensus target is $46.39. Monday’s close at $41.03 was up 6% for the day on the upgrade.
Tractor Supply Co. (NASDAQ: TSCO): Oppenheimer’s $270 target price rose to $280 and the Outperform rating remained. The consensus target is $253.80. Monday’s close was at $238.95.
Zillow Inc. (NYSE: ZG): The upgrade at Bernstein was to Market Perform from Underperform, and it boosted its target price to $45 from $35. The consensus target is $49.95. Monday’s close was at $43.25.
Four top companies are Wall Street favorites and are expected to raise their dividends this week, showing that each company is doing well and has the earnings and cash flow strength to increase its payout despite rising interest rates, inflation and economic uncertainty.
Monday’s top analyst upgrades and downgrades included Amazon.com, Bluebird Bio, Carnival, Fortinet, General Motors, Gilead Sciences, Hasbro, Hershey, Intel, International Paper, Masco, Mobileye Global, Salesforce, Snap and Waste Management.
Originally published at 24/7 Wall St.
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