Range Resources Inc. (NYSE: RRC): As Wells Fargo upgraded the stock to Overweight from Equal Weight, the analyst nudged the $30 target price to $31. The consensus target is $32.29. The stock closed on Tuesday at $27.33.
RH (NYSE: RH): Citing falling earnings estimates, Zacks selected this retail stock as its Bear of the Day. The shares have traded as high as $361.76 in the past year but closed most recently at $239.17 after retreating more than 24% in the past 90 days.
Semtech Corp. (NASDAQ: SMTC): Northland Capital initiated coverage with an Outperform rating and a $32 target price. The consensus target is up at $41.75. Tuesday’s $22.92 close was up 6.5% on the day thanks to the upgrade.
Spotify Technology S.A. (NYSE: SPOT): Baird initiated coverage with an Outperform. Its $160 target price is well above the $131.92 consensus figure. Tuesday’s close was at $131.28.
Virtu Financial Inc. (NASDAQ: VIRT): Morgan Stanley raised its Underweight rating to Equal Weight and its $18 target price to $21. The consensus target is $21.07. The stock closed almost 3% higher on Tuesday at $18.96.
Welltower Inc. (NYSE: WELL): Evercore ISI upgraded the stock to Outperform from In Line, and the firm has an $81 target price. The consensus target is $82.28. The stock closed on Tuesday at $74.35.
West Pharmaceutical Services Inc. (NYSE: WST): When Stephens upgraded the stock to Overweight from Equal Weight, it raised its $330 target price to $400. The consensus target is $350.44. The stock closed on Tuesday at $354.87.
Whirlpool Corp. (NYSE: WHR): Though Goldman Sachs upgraded the stock to Buy from Neutral, it trimmed its $170 target price to $160. The consensus target is $150.83. Tuesday’s close was at $133.99.
Zimmer Biomet Holdings Inc. (NYSE: ZBH): Evercore ISI boosted its In Line rating to Outperform, and its $135 target price increased to $148. The consensus target is $133.65. The stock closed at $131.32 on Tuesday.
With a recession likely on the way, seven top health care stocks offer solid total return potential in a sector likely to outperform the rest of the year and perhaps beyond.
Tuesday’s top analyst upgrades and downgrades included American Homes 4 Rent, Block, Catalent, Cushman & Wakefield, Hasbro, McDonald’s, NetApp, Pioneer Natural Resources, Regions Financial, Southwestern Energy, Tyson Foods, Warner Bros. Discovery and Weyerhaeuser.
Originally published at 24/7 Wall St.
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