Hexo Corp. (NYSE: HEXO) was named as the Bull of the Day at Zacks, which said that there is a lot going on for this low-priced cannabis company. Shares most recently closed at $0.65 and have a consensus price target of $0.72.
Hologic Inc. (NASDAQ: HOLX) was raised to Outperform from Market Perform with a $62 price target (versus a $52.71 prior close) at Raymond James.
MarketAxess Holdings Inc. (NASDAQ: MKTX) was maintained as Neutral but its price target was raised to $465 from $455 (versus a $515.96 close) at Rosenblatt.
Microchip Technology Inc. (NASDAQ: MCHP) was up 1.1% ahead of guidance but was last seen up almost 8% at $104.40 afterward. Needham reiterated its Buy rating and raised its target to $130 from $100. Raymond James reiterated its Strong Buy rating and raised its target to $115 from $100. And KeyBanc Capital Markets reiterated its Overweight rating and raised its target to $105 from $100.
ProPetro Holding Corp. (NYSE: PUMP) was reiterated as Outperform and its price target was raised to $6 from $5 at Raymond James.
Synovus Financial Corp. (NYSE: SNV) was reiterated as Outperform and the price target was raised to $24 from $21 (versus a $19.62 close) at Raymond James.
Zoom Video Communications Inc. (NASDAQ: ZM) was trading up 1.9% at $208.08 ahead of earnings, and the shares were up 1.7% at $211.00 on Wednesday after the report. Needham reiterated it as Buy and raised its target to $230 from $140, and D.A. Davidson upgraded it to Buy from Neutral and raised its target to $240 from $150. RBC Capital Markets raised it to Outperform from Sector Perform and doubled its target to $250 from $125. Rosenblatt maintained it as Neutral but raised its target to $210 from $150.
The macro-strategy team at BofA Securities issued its June outlook, and the firm continues to favor equities over fixed income. The firm also has recommended sticking with U.S. large caps over the rest of the world, and it currently has an underweight stance on non-U.S. assets. For those investors who still need or want fixed income, the firm favors investment-grade bonds. On a portfolio rebalancing basis, for investors with an 18-month or longer time frame, BofA would be buyers of equities on any real weakness with dollar cost averaging plans already set as the summer months are here.
24/7 Wall St. released a list of 10 oil companies likely to be still thriving in 2030. These are not the only 10 and, of course, it may be a bumpy ride until then.
Tuesday’s top analyst upgrades and downgrades included AbbVie, ANGI Homeservices, CBOE, Darden Restaurants, Hess, Lululemon Athletica, MongoDB, PayPal, Shopify, Slack, Zynga and more.