Molson Coors Beverage Co. (NYSE: TAP): The BofA Securities upgrade to Neutral from Underperform came with a target price hike to $68 from $54. The consensus target is $63.25. The stock closed on Tuesday at $65.14, up over 2% on the day.
NiSource Inc. (NYSE: NI): UBS upgraded the stock from Neutral to Buy with a $31 target. The consensus target is $31.33. Tuesday’s last trade was at $26.96.
Novo Nordisk A/S (NYSE: NVO): Citing its outperformance and momentum, Zacks named this stock as its Bull of the Day. The shares last closed at $160.76, and the consensus price target of $176.77 would be a 52-week high.
SiteOne Landscaping Supply Inc. (NYSE: SITE): The upgrade at Truist Financial was to Buy from Neutral. The analyst also lifted the $157 target price to $177. The $154.33 consensus target is closer to Tuesday’s closing trade of $151.38, after a more than 6% one-day gain due to the upgrade and positive commentary.
SJW Group (NYSE: SJW): UBS’s downgrade was to Neutral from Buy, and its $85 target price decreased to $78. The consensus target is $84.75. Tuesday’s close was at $74.67.
Uber Technologies Inc. (NYSE: UBER): Wedbush resumed coverage with an Outperform rating and a $46 target. The consensus target is $48.98. Tuesday’s close was at $40.25.
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE): Evercore ISI raised its In Line rating to Outperform and its $60 target price to $80. The consensus target is up at $90.05. The stock closed on Tuesday at $51.48.
Vale S.A. (NYSE: VALE): As RBC Capital Markets upgraded the stock to Outperform from Sector Perform, its $13 target price rose to $15. The consensus target is $17.14. On Tuesday, the closing share price was $13.74.
For investors looking to shift to other sectors as the AI rally runs its course, it makes sense now to have positions in the defense and aerospace arena, especially the five highest dividend-paying stocks in the sector that are Buy rated on Wall Street. See more about America’s largest weapons manufacturers.
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Tuesday’s top analyst upgrades and downgrades included Aflac, Cloudflare, Comerica, Comstock Resources, Costco Wholesale, Dollar General, Dominion Energy, Equitrans Midstream, Ford, Meta Platforms, T-Mobile, Valley National Bancorp and Walmart.
Originally published at 24/7 Wall St.
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