Qualcomm Inc. (NASDAQ: QCOM) was upgraded to Overweight from Neutral at Piper Sandler. The firm also raised the price target on the chip giant to $160. The higher consensus target is $172.27, and Wednesday’s closing price was $131.66, after retreating nearly 4% on the day.
Realty Income Inc. (NYSE: O) was downgraded to Neutral from Buy at Mizuho, which lowered the price target to $62. The consensus target is up at $69.59. The stock closed on Wednesday at $60.78.
Snowflake Inc. (NYSE: SNOW) was upgraded to Buy from Hold at Deutsche Bank, which raised its price target on the red-hot cloud-based software company to $300. The consensus target is even higher at $309.61. The shares were last seen trading on Wednesday at $247.03, down almost 9% on the day.
Spirit Realty Capital Inc. (NYSE: SRC) was downgraded to Neutral from Buy at Mizuho, though the firm raised the price target to $43. The consensus target is $43.85, and Wednesday’s closing price was $42.55 per share.
Stitch Fix Inc. (NASDAQ: SFIX) saw its target price raised at Telsey Advisory Group to $84 from $54. The firm maintained its Outperform rating on the shares. The consensus price target is $54.25, but the stock was last seen on Wednesday trading at $72.57, even after pulling back over 6% on the day.
Walmart Inc. (NYSE: WMT) was named as the Zacks Bear of the Day stock. The firm said that the stock has fallen 15% in the past three months as Wall Street starts to price-in how difficult it will be to keep pace with the retailer’s stellar, coronavirus-driven growth. Shares last closed at $127.59 and have a consensus price target of $159.84.
BofA Securities feels four top medtech companies are all poised for potential positive news and developments in the near future. Their stocks could be good additions to growth portfolios looking to add positions in the sector.
Does Target Corp. (NYSE: TGT) have 50% upside after earnings? Why did one analyst double its price target on Kohl’s Corp. (NYSE: KSS)?
Wednesday’s early top analyst upgrades and downgrades included Adobe, Fastly, Fisker, Rocket Companies, Roku, Shopify and Target. Analyst calls seen later in the day were on Microsoft, Oracle, Tesla and more.
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