Wednesday’s Top Analyst Upgrades and Downgrades: Boeing, Palantir, PayPal, Shopify, Walmart and More

Check Point Software Technologies Ltd. (NASDAQ: CHKP): Stifel initiated coverage with a Hold rating and a $130 target price. The consensus target is $133.90. The stock closed on Tuesday at $121.51.

Enact Holdings Inc. (NASDAQ: ACT): BofA Securities lifted its Underperform rating to Neutral, and its $25 price target is now $27. The consensus target is $27.58. The shares closed on Tuesday at $24.40.

FactSet Research Systems Inc. (NYSE: FDS): Wells Fargo initiated coverage with an Equal Weight rating and a $435 price objective. The consensus target is $442.03. The stock closed on Tuesday at $402.01.

Ferguson PLC (NYSE: FERG): When Jefferies upgraded the stock to Buy from Hold, the analyst lifted the $141.20 target price to $181. The consensus target is $146.66. Tuesday’s closing share price was $144.33.

Ingersoll-Rand Inc. (NYSE: IR): Evercore ISI upgraded the stock to Outperform from In Line. Its $71 target price is well above the $64.42 consensus target and the most recent close at $58.98.

Intapp Inc. (NASDAQ: INTA): Stifel raised its $36 target price on the Buy-rated shares to $47. The consensus target is $37.43. Tuesday’s $43.80 close was up almost 16% on the day after the company posted huge quarterly results.

Nabors Industries Ltd. (NYSE: NBR): The Barclays downgrade to Equal Weight from Overweight came with a target price cut from $250 all the way to $150. The consensus target is $176. The shares ended Tuesday trading at $94.24.

Next Era Energy Partners L.P. (NYSE: NEP): Oppenheimer reiterated an Outperform rating but lowered its target price to $90 from $94. The consensus target is $78.27, and Tuesday’s last trade was for $61.93 a share.

Novo Nordisk A/S (NYSE: NVO): Stellar earnings and sales growth has its Bull of the Day stock trading near all-time highs, says Zacks. The shares of the Danish pharmaceutical giant most recently closed at $168.53, which is up nearly 21% from 90 days ago.

Nutrien Ltd. (NYSE: NTR): Citing the impact of higher costs on the fertilizer maker’s margins, Zacks selected this stock as its Bear of the Day. Shares have traded as high as $104.65 in the past year but closed most recently at $63.84. That is down almost 19% in the past 90 days.

Palantir Technologies Inc. (NYSE: PLTR): The $8 Goldman Sachs target price on the Neutral-rated shares ticked up to $9. The consensus is $8.98 for now. The stock closed on Tuesday at $9.55, which was up a whopping 23% after big numbers were posted and profitability projected.

PayPal Holdings Inc. (NASDAQ: PYPL): Credit Suisse downgraded the stock to Neutral from Outperform and cut its $100 target price to $85. Truist Financial reiterated it at Buy but lowered its target price to $90 from $95. Wedbush stayed with an Outperform rating, and its $100 target price dropped to $85. The consensus target is $98.28 for now. The stock closed down over 12% on Tuesday at $65.90, despite earnings that beat estimates.

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