PRA Group Inc. (NASDAQ: PRAA): Truist Financial lowered its $50 target price to $42 while keeping a Buy rating intact. The consensus target is $46.67. The shares closed on Tuesday at $23.95, down a sharp 30% due to a first-quarter loss.
Shoals Technologies Inc. (NASDAQ: SHLS): Northland Capital upgraded the shares from Market Perform to Outperform with a $30 target price. The consensus target is $30.71 for now. Tuesday’s close at $24.11 was a gain of 22% for the day, thanks to huge quarterly numbers.
Shopify Inc. (NYSE: SHOP): Though DZ Bank downgraded the stock to Sell from Hold, it raised its $47 target price to $55. The consensus target is $57.78. Tuesday’s close was at $63.89.
Skyworks Solutions Inc. (NASDAQ: SWKS): The BMO Capital Markets downgrade was to Market Perform from Outperform. Its $140 target price shrank to $100, well below the $126.68 consensus target. Tuesday’s closing share price was $99.82, down over 5% for the day after the company lowered its outlook for the current quarter.
S&P Global Inc. (NYSE: SPGI): Wells Fargo initiated coverage with an Overweight rating and a $415 target price. The consensus target is $409.47. Tuesday’s close was at $355.25.
TaskUs Inc. (NASDAQ: TASK): BofA Securities downgraded the shares to Underperform from Buy and slashed its $25 target price to $11. The consensus target is $22.75. The stock closed almost 3% lower on Tuesday at $11.90.
Trex Co. Inc. (NASDAQ: TREX): BofA Securities raised its Neutral rating to Buy and its $54 target price to $66. The consensus target is $58.03. The shares closed over 8% higher on Tuesday at $60.92 after an earnings beat.
Walmart Inc. (NYSE: WMT): The $159 Truist Financial target price on the Buy-rated stock ticked up to $160. The consensus target is higher at $164.75. The stock closed on Tuesday at $152.98.
XPO Inc. (NYSE: XPO): Though Stifel downgraded the stock to Hold from Buy, it bumped the target price up to $51 from $48. The consensus target is $53.05. Tuesday’s close was at $47.27.
With demand likely to explode later this year, investors who step into the energy sector now could be in for some sizable total return potential. Five outstanding master limited partnerships are major players in the energy infrastructure arena and their stocks are Buy rated across Wall Street.
Tuesday’s top analyst upgrades and downgrades included Albemarle, Alcoa, American Airlines, Coinbase Global, DraftKings, Dropbox, Fortinet, Monster Beverage, Monster Beverage, Snowflake, Southwest Airlines, Walt Disney and XPO.
Originally published at 24/7 Wall St.
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