Ovintiv Inc. (NYSE: OVV): The Zacks Bear of the Day stock has lost traction amid commodity price drops, says the analyst. Shares have traded as high as $63.30 in the past year but closed most recently at $47.18. That is down about 7% year to date.
PennyMac Mortgage Investment Trust (NYSE: PMT): Piper Sander’s downgrade was to Neutral from Overweight, and the analyst trimmed the $16 target price to $15. The consensus target is $14.85. The stock closed on Tuesday at $14.47.
Pfizer Inc. (NYSE: PFE): The Daiwa Securities upgrade was from Neutral to Outperform with a $51 target price. The consensus target is $52.77, and the stock ended Tuesday trading at $43.59.
SJW Group (NYSE: SJW): J.P. Morgan’s downgraded was to Neutral from Overweight. It also trimmed its $86 target price to $84, below the $85.25 consensus estimate. The stock closed at $78.87 on Tuesday.
Skyward Specialty Insurance Group (NASDAQ: SKWD): Truist Financial started coverage of this recently successful initial public offering with a Buy rating and a $26 target. Raymond James started coverage with a Strong Buy rating and has a 22 target, while Piper Sandler began coverage with an Overweight rating and a $23 target. The stock closed on Tuesday at $19.70, up close to 3% for the day on the positive initiations.
Sweetgreen Inc. (NYSE: SG): When Cowen downgraded the shares to Market Perform from Outperform, it also cut its $19 price target to $12, which is less than the $15.00 consensus target. The stock closed on Tuesday at $10.88.
Take-Two Interactive Software Inc. (NASDAQ: TTWO): Oppenheimer reiterated its Outperform rating and has a $145 price target. The consensus target is lower at $133.49. Wednesday’s $113.85 close was up almost 8% for the day on strong earnings.
Tyson Foods Inc. (NYSE: TSN): Goldman Sachs cut its Buy rating to Neutral and slashed its $91 price target to $66. The consensus target is $74.33. The stock closed on Tuesday at $61.41.
ZoomInfo Technologies Inc. (NASDAQ: ZI): As UBS downgraded the stock from Buy to Neutral, its $34 target price ticked down to $33. The consensus target is $38.98, and shares closed 5% higher on Tuesday at $30.24 despite the downgrade.
Six mega-cap energy stocks look like very tempting buys now, after the domestic and foreign sector leaders posted stellar fourth-quarter results and with the seasonal tailwind for the sector right around the corner.
Tuesday’s top analyst upgrades and downgrades included Amgen, Archer Daniels Midland, Boeing, Dow, LyondellBasell Industries, Netflix, Splunk, Spotify Technology, T-Mobile, Vale and Walmart.
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.
