Ralph Lauren Corp. (NYSE: RL): BofA Securities raised its Neutral rating to Buy and its $130 price target to $145. The consensus target is $129.26. The stock closed almost 4% higher on Monday at $122.88.
Sprout Social Inc. (NASDAQ: SPT): Cantor Fitzgerald’s downgrade was from Overweight to Neutral with a $53 target. The consensus target is $72.36. The shares closed on Monday at $60.95.
Toast Inc. (NYSE: TOST): KeyBanc Capital Markets reiterated an Overweight rating and bumped its $26 price target to $30. The consensus target is $24.47. The stock’s close on Monday at $23.94 was up 5% for the day.
Under Armour Inc. (NYSE: UAA): Oppenheimer maintained an Outperform rating with a $15 target price. The consensus target is $12.63, and shares closed Monday at $10.74.
Walt Disney Co. (NYSE: DIS): J.P. Morgan resumed coverage with a Buy rating and a $135 price target. The consensus target is $131.97. The stock closed on Monday at $107.66.
Weatherford International PLC (NASDAQ: WFRD): Making the case for this oilfield services provider as an industry standout, Zacks named it the Bull of the Day stock. Shares closed on Monday at a 52-week high of $69.44, and the $75.75 consensus price target signals about 9% additional upside.
Zillow Group Inc. (NASDAQ: ZG): Evercore ISI upgraded the stock to Outperform from In Line. The analyst also raised the $34 target price to $41, above the $40.88 consensus target. The shares closed almost 5% higher on Monday at $44.15 on the upgrade.
Zim Integrated Shipping Services Ltd. (NYSE: ZIM): The Barclays downgrade to Underweight from Equal Weight came with a price target reduction from $26.50 to $15.00. The consensus target is up at $29.71. Monday’s $20.97 close was down almost 7% for the day on the downgrade.
With dark clouds on the economic horizon, seven Warren Buffett stock picks appear to be well positioned in the current higher interest rate environment and likely to hold up better than others should the market retest the lows printed back in October.
Monday’s top analyst upgrades and downgrades included AbbVie, Affirm, Bloom Energy, FREYR Battery, International Flavors & Fragrances, Interpublic Group of Companies, Lyft, Micron Technology, Nutrien, Seagate Technology, Tapestry, VFC, Walmart and Western Digital.
Originally published at 24/7 Wall St.
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