New York Community Bancorp Inc. (NASDAQ: NYCB): D.A. Davidson upgraded the stock to Buy from Market Neutral. Its target price of $11.50 compares with the $10.36 consensus target and the most recent close at $9.15. That was up another 6.35% for the day after the FDIC announced a transfer of Signature Bank holdings to the bank.
Nvidia Corp. (NASDAQ: NVDA) Exane BNP Paribas raised its Underperform rating to Neutral with a $230 target price. The consensus target is up at $254.08. Tuesday’s close was at $257.07.
Prologis Inc. (NYSE: PLD): Goldman Sachs resumed coverage with a Buy rating and a $147 target price. The consensus target is $142.15. On Tuesday, shares closed at $118.35.
Rio Tinto Group (NYSE: RIO): Zacks selected this miner as its Bull of the Day stock, with the analyst pointing out its value, growth and momentum. Shares last closed at $65.98, and the $73.89 consensus target signals nearly 12% upside potential.
Simon Property Group Inc. (NYSE: SPG): Goldman Sachs resumed coverage with a Buy rating and a $150 target price. The consensus target is $131.14. The shares closed on Tuesday at $109.36.
Veeva Systems Inc. (NASDAQ: VEEV): Oppenheimer reiterated an Outperform rating with a $225 target price. The consensus target is $208.76. The closing price on Tuesday was $175.01.
Vornado Realty Trust Inc. (NYSE: VNO): As Piper Sandler lifted its Underweight rating to Neutral, the analyst trimmed the $18 target price to $16. The consensus target is $20.27. The stock closed up almost 6% Tuesday at $15.23 after the upgrade.
Wix.com Ltd. (NYSE: WIX): Piper Sandler’s Neutral rating is now at Overweight, and its $99 target price increased to $120. The consensus target is $105.94. Tuesday’s $95.60 closed up over 8% for the day on the upgrade.
Six top gold stocks have pulled back some and come with respectable dividends, making them great ideas for worried investors looking to hedge inflation.
Tuesday’s top analyst upgrades and downgrades included Conagra Brands, Dell Technologies, Dow, Electronic Arts, Enphase Energy, Hewlett Packard Enterprise, LyondellBasell Industries, New York Community Bancorp, Prologis, Sea, UBS, U.S. Bancorp and WestRock.
Originally published at 24/7 Wall St.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
