Norfolk Southern Corp. (NYSE: NSC): Wolfe Research’s upgrade was from Peer Perform to Outperform with a $255 target price. The consensus for the railroad giant, which has been all over the news after the derailment in Ohio, is $251.24. The stock closed on Tuesday at $224.55.
Nvidia Corp. (NASDAQ: NVDA): Stifel raised its $175 target price on the Hold-rated chip giant to $207. That compares with the $207.34 consensus target and Tuesday’s closing print of $206.55.
Papa John’s International Inc. (NASDAQ: PZZA): Stifel reiterated a Buy rating with a $100 target price. The consensus target is $96.06. The stock closed over 4% lower on Tuesday at $90.96.
RE/MAX Holdings Inc. (NYSE: RMAX): Stephens downgraded the real estate giant to Equal Weight from Overweight. The analyst also dropped its $28 target price to $21, below the $23.40 consensus target. Tuesday’s $18.70 close was down over 5% for the day on the downgrade and last week’s inline earnings.
RingCentral Inc. (NYSE: RNG): Oppenheimer maintained an Outperform rating with a $50 target price. The $51.46 consensus target is a little higher, but Tuesday’s final trade was at $35.49, down 4% on the day.
Riot Platforms Inc. (NASDAQ: RIOT): Needham started coverage with a Buy rating and a $9 target price. The consensus target is $9.44. The stock closed on Tuesday at $6.22, down close to 6% for the day on the weak tape and the day’s big dip in Bitcoin.
SentinelOne Inc. (NYSE: S): Wells Fargo downgraded the shares to Equal Weight from Overweight. Its $18 target price compares with the $21.34 consensus target and Tuesday’s close at $15.32.
Trustmark Corp. (NASDAQ: TRMK): Raymond James upgraded the stock from Market Perform to Outperform with a $34 target price. The consensus target is $32.00. The shares closed on Tuesday at $29.68.
TXO Energy Partners L.P. (NYSE: TXO): After its recent successful initial public offering, Capital One started coverage with an Overweight rating and a $35 target price. Raymond James started it at Strong Buy with a $34 target price, while Stifel initiated coverage with a Buy rating and a $31 target. The stock closed on Tuesday at $23.25, which was up close to 3% for the day on the positive Wall Street coverage.
The best strategy for worried investors now may be to move from riskier assets to dividend-paying stocks that can hold their ground if we slip into a recession, such as six top defensive picks from the Goldman Sachs Conviction List.
Tuesday’s top analyst upgrades and downgrades included Axalta Coating Systems, Canada Goose, Cisco Systems, Coca-Cola, Coinbase Global, Datadog, DraftKings, GE Healthcare Technologies, MongoDB, Monster Beverage, Roku, TechnipFMC, Toast, XP and Zim Integrated Shipping Services.
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.
