Peabody Energy Corp. (NYSE: BTU): Zacks selected this coal miner as its Bear of the Day stock, with the analyst pointing out that the big move in energy was last year. Shares have traded as high as $32.89 in the past year but closed most recently at $21.22. That is down more than 19% year to date.
Performance Food Group Co. (NYSE: PFGC): Morgan Staley downgraded the stock to Equal Weight from Overweight. The firm also cut its $74 target price to $66, well below the $71.83 consensus target. The shares closed on Tuesday at $54.83.
Philip Morris International (NYSE: PM): Citigroup lifted its Neutral rating to Buy and its $109 target price to $117. The consensus target is $112.88, and the stock closed at $94.82 on Tuesday.
Shopify Inc. (NYSE: SHOP): Oppenheimer citing improved profitability as it boosted its $70 target price on the Outperform-rated shares to $80. The consensus target is just $61.46, less than Tuesday’s close at $64.26.
Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE): Stifel reiterated a Buy rating. Its $131 target price towers over the consensus target of $91.42. The stock closed on Tuesday at $50.13, which was up close to 4% on the day.
US Foods Holding Corp. (NYSE: USFD): The Equal Weight rating at Morgan Stanley is now at Overweight. The analyst also raised its $46 target price to $54, above the consensus target of $48.09. The stock closed on Tuesday at $42.25.
Willis Tower Watson PLC (NASDAQ: WTW): Morgan Stanley started coverage with an Equal Weight rating and a $251 target price. The consensus target is $262.38. The shares closed on Tuesday at $232.64.
Zscaler Inc. (NASDAQ: ZS): Oppenheimer reiterated an Outperform rating. Its $180 target price is higher than the $173.91 consensus target. Tuesday’s $148.66 close was down almost 4% for the day.
This week, Darden Restaurants and Kroger are among the companies expected to lift the dividends they pay to shareholders, showing that they are doing well and have the earnings and cash flow strength to increase their payouts.
Tuesday’s top analyst upgrades and downgrades included Activision Blizzard, Adobe, Advanced Micro Devices, Ares Capital, Intel, Lennar, Marvell Technology, NexTier Oilfield Solutions, Nike, Nvidia, SoFi Technologies, Truist Financial, Tyson Foods and Zscaler.
Originally published at 24/7 Wall St.
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