Lazard Ltd. (NYSE: LAZ): Goldman Sachs cut its Hold rating to Sell and its $37 target price to $32. The consensus target is up at $42.40. The stock ended Tuesday trading at $32.95.
Methanex Corp. (NASDAQ: MEOH): Raymond James’s upgrade to Outperform from Market Perform included a target price hike to $60 from $50. The consensus target is $49.64. Tuesday’s $43.45 close was up almost 6% for the day due to the upgrade.
MSCI Inc. (NYSE: MSCI): Argus started coverage with a Buy rating and a $580 target price. The consensus target is $589.64. Tuesday’s close was at $538.22.
Planet Fitness Inc. (NASDAQ: PLNT): J.P. Morgan’s Overweight rating dropped to Neutral from and its $70 target price is now $52. The consensus target is $69.41 for now. The shares closed down more than 4% for the day at $46.40 after the downgrade. The longtime CEO abruptly stepped down last week.
Rackspace Technology Inc. (NYSE: RXT): Raymond James upgraded the stock to Outperform from Market Perform. Its $3.50 target price compares with a consensus target of $2.79. The stock ended Tuesday at $2.01, a gain of 36% for the day due to the upgrade.
Raymond James Financial Inc. (NYSE: RJF): J.P. Morgan initiated coverage with a Neutral rating and a $121 target price. The consensus target is $120.89. Tuesday’s close was at $106.43.
Rexford Industrial Realty Inc. (NYSE: REXR): Wolfe Research upgraded the shares from Peer Perform to Outperform with a $70 target. The consensus target is $62.20. The stock closed on Tuesday at $51.42.
Royal Caribbean Cruises Ltd. (NYSE: RCL): Truist Financial’s upgrade was to Buy from Hold, and its $115 target price increased to $137. The consensus target is $120.57. The last trade for Tuesday came in at $98.36.
SoFi Technologies Inc. (NASDAQ: SOFI): Jefferies reiterated a Buy rating with a target price of $15. The consensus target is $10.31. The stock closed at $8.62 on Tuesday.
Southwest Airlines Co. (NYSE LUV): Citing slower growth, shrinking margins and other headwinds, Zacks named this as its Bear of the Day stock. Shares have traded as high as $40.38 in the past year but closed most recently at $28.91.
Starbucks Corp. (NASDAQ: SBUX): TD Cowen’s downgrade to Market Perform from Outperform came with a target price cut to $107 from $117. The consensus target is $113.68. Tuesday’s final trade was for $95.29 a share.
Steven Madden Ltd. (NASDAQ: SHOO): BTIG Research resumed coverage with a Buy rating and a $40 target price. The consensus target is $39.13. The stock closed on Tuesday at $31.84.
Super Micro Computer Inc. (NASDAQ: SMCI): Barclays initiated coverage with an Overweight rating and a $327 target price. The consensus target is up at $349.86. Tuesday’s close was at $247.74.
Seven top real estate investment trusts are way off the highs printed last year and offer huge total return potential, as they have paid dependable monthly dividend payments for years.
Tuesday’s top analyst upgrades and downgrades included Adobe, Annaly Capital Management, BioCryst Pharmaceuticals, Carvana, DoorDash, Kimco Realty, Micron Technology, Netflix, Nike, PayPal and Zim Integrated Shipping Services.
Originally published at 24/7 Wall St.
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