Dominion Energy Inc. (NYSE: D): Though BMO Capital Markets reiterated an Outperform rating, its $63 target price dropped to $59. The consensus target is $59.77. The stock closed on Monday at $52.61.
Enhabit Inc. (NYSE: EHAB): BofA Securities reiterated an Underperform rating while lowering its $12 target price to $10. The consensus target is higher at $14.19. Monday’s close was at $11.23.
Lucid Group Inc. (NYSE: LCID): Citigroup resumed coverage with a Neutral rating and an $8 target price. The consensus target is $8.33. Monday’s $7.39 close was up over 7% for the day after solid sales results were posted.
MasTec Inc. (NYSE: MTZ): Citigroup reiterated a Buy rating, and its $113 price target increased to $135. The consensus target is $119.64. Monday’s close was at $118.20.
Mercury Systems Inc. (NASDAQ: MRCY): RBC Capital Markets lowered its $45 target price to $40 while keeping a Sector Perform rating. The consensus target is $43.63. The stock closed on Monday at $34.97.
Moody’s Corp. (NYSE: MCO): Goldman Sachs reiterated a Neutral rating, but its target price rose to $362 from $328. The consensus target is $336, below Monday’s close at $346.39.
Nike Inc. (NYSE: NKE): Though Baird reiterated an Outperform rating, its $148 price target dropped to $130. The consensus target is $128.87. The shares closed on Monday at $109.11.
Southern Co. (NYSE: SO): Goldman Sachs added the utility to the firm’s Conviction list of top stocks to buy. The firm’s $80 target price is well above the consensus target of $73.50 and Monday’s close at $70.57.
Tesla Inc. (NASDAQ: TSLA): Goldman Sachs reiterated a Neutral rating but lifted its $248 target price to $275. Deutsche Bank maintained a Buy rating, and its target price increased to $270 from $260. The consensus target is $200.84 for now. Monday’s close at $279.82 was up almost 7% for the day after solid sales numbers were posted.
Valero Energy Corp. (NYSE: VLO): BofA Securities raised its $157 price target on the Buy-rated shares to $160. The consensus target is $143.84. The shares ended Monday trading at $117.43.
Walgreens Boots Alliance Inc. (NASDAQ: WBA): Morgan Stanley reiterated an Underweight rating and cut the $37 target price to $27, below the $34.73 consensus target. Monday’s close was at $29.02. The company announced Monday that it would be closing 140 stores by 2024.
Wells Fargo & Co. (NYSE: WFC): Raymond James reiterated a Strong Buy rating on the stock. Its $48 target price is now $51, higher than the $48.83 consensus target. The stock closed almost 2% higher on Monday at $43.30.
The highest-yielding Nasdaq stocks offer a contrarian angle for the rest of 2023. They all have some solid defensive qualities, and they are offering among the best entry points seen in some time.
Monday’s top analyst upgrades and downgrades included AMC Entertainment, Arch Resources, Bausch + Lomb, Lazard, Lucid, MicroStrategy and Paychex.
Originally published at 24/7 Wall St.
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