New Fortress Energy Inc. (NASDAQ: NFE): BTIG Research raised its Neutral rating to Buy with a $50 target price. The consensus target is higher at $68.56. The shares were last seen Tuesday at $38.79, which was up over 4% for the day on the upgrade.
Nu Skin Enterprises Inc. (NYSE: NUS): Jefferies downgraded the stock to Hold from Buy. It also cut its $43 price target to $39, near the consensus target of $39.25. The stock closed on Tuesday at $42.88.
Olin Corp. (NYSE: OLN): Goldman Sachs raised its $65 target price on the Buy-rated shares to $74. The consensus target is $68.40. The stock closed 3% higher on Tuesday at $64.59.
Paramount Global (NASDAQ: PARA): Macquarie lowered its Neutral rating to Underperform and has a target price of $15. The consensus target is $19.71. The stock closed on Tuesday at $23.16. That was up almost 3% on the day.
Planet Fitness Inc. (NYSE: PLNT): Jefferies reiterated a Buy rating and has a $31 target price. The consensus target is $115.00, and Tuesday’s close was at $84.65 a share.
Q2 Holdings Inc. (NASDAQ: QTWO): Baird downgraded the stock to Neutral from Outperform and has a $32 target. The consensus target is $36.33. The shares closed on Tuesday at $32.72.
SoFi Technologies Inc. (NASDAQ: SOFI): Oppenheimer reiterated an Outperform rating and raised its $6 target price to $7. The consensus target is $7.42. The shares ended Tuesday trading at $6.93.
Truist Financial Corp. (NYSE: TFC): Stephens downgraded the stock to Equal Weight from Overweight and has a $53 target. The consensus target is set at $51.81. The shares closed Tuesday at $49.39.
Investors worried about Chinese saber-rattling over Taiwan may want to consider six leading defense companies with Buy-rated stocks and solid and dependable dividends. They are bound to see surging demand for the rest of the year and into 2024 due to various geopolitical concerns.
Tuesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Amazon.com, Colgate-Palmolive, Kohl’s, Lockheed Martin, Lyft, Macy’s, Meta Platforms, Okta, Shopify, Tesla and Uber Technologies.
Originally published at 24/7 Wall St.
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