RPT Realty (NYSE: RPT): Credit Suisse cut its Outperform rating to Neutral with a $10 target price. The consensus target is $11.45. The stock closed on Tuesday at $9.32.
Steven Madden Ltd. (NASDAQ: SHOO): Wedbush’s downgrade was to Neutral from Outperform, and it cut its $43 price target to $29. The consensus target is $37.72, while Tuesday’s last trade came in at $29.82.
Stryker Inc. (NYSE: SYK): Canaccord Genuity downgraded the medical devices heavyweight to Hold from Buy. It also lowered the $225 target price objective to $200, while the consensus target is up at $238.33. Tuesday’s close was at $220.09.
Tenet Healthcare Corp. (NYSE: THC): Goldman Sachs lowered its $93 target price to $80 but stuck with a Buy rating. The consensus target is $64.11. Tuesday’s close at $45.65 was up almost 3% on the day.
Trex Co. (NYSE: TREX): Stifel lowered the $68 price target to $60 but kept its Buy rating. The consensus target is $59.25. The stock closed over 8% lower on Tuesday at $44.09 after a third-quarter earnings miss.
Universal Health Services Inc. (NYSE: UHS): Though Goldman Sachs maintained a Sell rating, it raised its $110 target price to $121. The consensus target is $119.18, and the stock closed on Tuesday at $117.32.
Union Pacific Corp. (NYSE: UNP): The Sector Perform rating at RBC Capital Markets was cut to Underperform, and the $200 target price on the railroad giant fell to $187. The consensus target is $215.46, and the stock closed on Thursday at $196.82.
Welltower Inc. (NYSE: WELL): As Raymond James cut its Strong Buy rating to Outperform, it lowered the $81 target price to $70. That compares with the $81.60 consensus target and Tuesday’s closing print of $60.10.
Six blue-chip stocks with big payouts have been ignored or abandoned and are trading incredibly cheaply. For long-term investors searching for stability and passive income, they offer strong total return potential for 2023 and beyond.
Tuesday’s early top analyst upgrades and downgrades included ADT, Boeing, Dell Technologies, DraftKings, LyondellBasell Industries, Newell Brands, NetApp, Petróleo Brasileiro, Uber Technologies and Wingstop. Analyst calls seen later in the day were on Carvana, Exxon Mobil, Horizon Therapeutics, Norfolk Southern, Principal Financial, Under Armour, Ventas and more.
Originally published at 24/7 Wall St.
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