Salesforce Inc. (NYSE: CRM): Atlantic Equities downgraded the stock to Neutral from Overweight. The analyst also slashed the $200 price target to $140, well below the $191.89 consensus target. Friday’s final trade was for $149.51 a share.
SPX Technologies Inc. (NYSE: SPXC): Oppenheimer raised its $74 target price on the Outperform-rated company to $77. The consensus target is $79.00, and the stock closed on Friday at $73.00.
Summit Materials Inc. (NYSE: SUM): Truist Securities started coverage with a Buy rating and a $40 target price. The consensus target is $34.36. The shares were last seen Friday trading at $32.02, up over 3% on the day.
Timken Co. (NYSE: TKR): BofA Securities upgraded the stock to Buy from Neutral and lifted its $71 target price to $87. That compares with a $77.80 consensus target and Friday’s closing trade of $78.15, which was up close to 4% for the day.
TransUnion (NYSE: TRU): Wells Fargo upgraded the shares to Overweight from Equal Weight, and it boosted the price target to $88 from $70. The consensus target is $73.74. The stock closed almost 3% higher on Friday at $68.65.
Vulcan Materials Co. (NYSE: VMC): The RBC Capital Markets upgrade to Outperform from Sector Perform included a target price hike to $191 from $170. The consensus target is $201.00, and the stock closed at $183.19 on Friday.
Warner Music Group Corp. (NASDAQ: WMG): Guggenheim downgraded the stock to Neutral from Buy and has a $35 target price. The consensus target is $37.72. Friday’s $32.58 closed down over 5% for the day on the downgrade.
Wendy’s Co. (NASDAQ: WEN): Evercore ISI downgraded the popular fast-food restaurant from Outperform to In Line with a $25 target price. The consensus target is $24.06. Friday’s close was at $23.08.
Workday Inc. (NASDAQ: WDAY): CapitalOne started coverage with an Overweight rating. The firm’s $200 target price is less than the $210.76 consensus target, but Friday’s final trade came in at $167.15.
Regardless of how the economy and the stock market fare in 2023, six top Goldman Sachs stock picks with dependable dividends likely will be excellent growth and income investments for those with a patient outlook.
Friday’s top analyst upgrades and downgrades included American Eagle Outfitters, American Tower, Boeing, Cinemark, Cleveland-Cliffs, CommScope, Crown Castle, Halliburton, Netflix, Spotify Technologies, TotalEnergies, Unity Software and Zscaler.
Originally published at 24/7 Wall St.
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