PayPal Holdings Inc. (NASDAQ: PYPL): Atlantic Equities downgraded the stock to Neutral from Overweight and has a $72 target price. The consensus target is $92.94. Tuesday’s close at $63.56.
Radian Group Inc. (NYSE: RDN): Keefe Bruyette downgraded the stock from Outperform to Market Perform with a $27.50 target. The consensus target is $26.58. The shares ended trading on Tuesday at $25.46.
Rexford Industrial Realty Inc. (NYSE: REXR): Citigroup’s downgrade to Neutral from Buy included a target price cut to $53 from $66. The consensus target is up at $69.88. The shares finished Tuesday’s session at $52.79.
StoneCo Ltd. (NASDAQ: STNE): HSBC Securities upgraded the stock to Buy from Hold, and it raised its $11 target price to $15. The consensus target is $13.74, and the stock closed on Tuesday at $13.49.
Surmodics Inc. (NASDAQ: SRDX): The Hold rating at Needham is now at Buy. Its $36 target price is much less than the $56.33 consensus target. The upgrade helped shares close 16% higher on Tuesday at $26.31.
Ulta Beauty Inc. (NASDAQ: ULTA): Loop Capital upgraded the shares to Buy from Hold and hiked its target price to $520 from $490. The consensus target is $532.86. The last trade on Tuesday was reported at $443.76, which was up almost 4% for the day after the upgrade.
Urban Outfitters Inc. (NASDAQ: URBN): As Morgan Stanley raised its Equal Weight rating to Overweight, its $27 price target jumped to $41. The consensus target is $32.63. The closing share price for Tuesday was $33.54, up over 4% for the day on the upgrade and positive commentary.
U.S. Cellular Corp. (NYSE: USM): Its Bear of the Day is being edged out by its larger rivals that can outcompete with aggressive pricing for their service plans, says Zacks. Shares have traded as high as $32.41 in the past year but closed most recently at $16.58.
Weibo Corp. (NYSE: WB): The downgrade to Neutral from Buy at UBS came with a target price slashed from $33 to $15.50. The consensus price target is $22.28, and the shares closed on Tuesday at $14.88.
Five outstanding companies should do very well in a falling inflation environment, and their stocks make sense for long-term investors looking to stay long the market but wanting to avoid chasing technology, which has led the market rally this year.
Tuesday’s top analyst upgrades and downgrades included Bill, Carnival, CenterPoint Energy, Editas Medicine, International Paper, Oracle, Palantir Technologies, Petrobras, SentinelOne, Trade Desk, Valvoline and Walmart.
Originally published at 24/7 Wall St.
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