Palo Alto Networks Inc. (NASDAQ: PANW): J.P. Morgan initiated coverage with an Overweight rating and a $195 target price. The consensus target is $206.39. Tuesday’s close was at $151.14.
Progress Software Inc. (NASDAQ: PRGS): Guggenheim resumed coverage with a Buy rating. Its $60 target price is higher than the $56.40 consensus target. The stock closed on Tuesday at $51.50.
Starbucks Corp. (NASDAQ: SBUX): Wells Fargo initiated coverage with an Overweight rating and a $120 target price. The consensus target is $105.13. Shares closed on Tuesday at $106.64.
Target Corp. (NYSE: TGT): Oppenheimer initiated coverage with an Outperform rating and a $190 target price. The consensus target is $174.48, and Tuesday’s closing share price was $163.55.
Toast Inc. (NASDAQ: TOST): Baird’s downgrade was to Neutral from Outperform, and the analyst trimmed the $26 price target to $24. The consensus target is $24.43. The stock closed almost 4% lower on Tuesday at $21.46 after the downgrade.
Universal Health Services Inc. (NYSE: UHS): UBS upgraded the stock to Neutral from Sell and boosted its $113 price target all the way to $167. The consensus target is $138.53. The shares closed on Tuesday at $146.13.
West Fraser Timber Co. Ltd. (NYSE: WFG): Though Credit Suisse upgraded the stock from Neutral to Outperform, it trimmed its $100 target price to $95. The consensus target is $108.33. The stock closed almost 5% higher on Tuesday at $78.05.
Xylem Inc. (NYSE: XYL): Stifel raised its Hold rating to Buy, and its $115 target price rose to $125. The consensus target is $112.09. Tuesday’s close was at $103.57.
ZScaler Inc. (NASDAQ: ZS): J.P. Morgan started coverage with a Neutral rating and a $124 target price. The consensus target is up at $170.29. Tuesday’s last trade was for $122.65 a share.
Seven Raymond James analyst favorite stock picks with big, dependable dividends are in sectors that should thrive in the current environment. They look like outstanding ideas for growth and income investors looking to reset portfolios for the rest of the year.
Tuesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Altice USA, Apple, CrowdStrike, First Energy, Lucid, Netflix, Qualcomm, Seagate Technology, Shopify, Skyworks Solutions, Tesla, Wayfair, Western Digital, Workday and Zoom Video Communications.
Originally published at 24/7 Wall St.
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