Sealed Air Corp. (NYSE: SEE): JPMorgan upgraded the stock to Overweight from Neutral, and the firm also raised its price target to $63. The consensus target is just $52.25, and the last Tuesday trade came in at $54.92. Shares were up almost 10% for the day after the company posted stellar first-quarter earnings.
Thomson Reuters Corp. (NYSE: TRI): While CIBC lowered its Sector Outperform rating to Neutral, it also raised the price target to $102. The consensus target is much lower at $46.09, and the shares rose almost 4% on Tuesday to close at $96.72.
Under Armour Inc. (NYSE: UAA): UBS upgraded it to Buy from Neutral and raised the sports appeal leader’s price target to $36. Barclays also upgraded the shares, to Overweight from Equal Weight, and raised its price target to $34. The much lower consensus price target is $23.80. The stock closed Tuesday at $23.88, but shares were up over 4% in premarket trading after the company posted earnings that crushed Wall Street estimates.
VSE Corp. (NYSE: VSE): B. Riley Securities started coverage with a Buy rating and a $61 price target. The consensus target is lower at $57.50, and the stock closed on Tuesday at $43.67 after retreating almost 5% for the day.
WideOpenWest Inc. (NYSE: WOW): Truist Securities raised the stock to Buy from Hold and has a $25 price target. The posted consensus target is just $13.50. Tuesday’s final trade came in at $14.79, up over 2% on the day, and the stock followed through in the premarket by adding an additional 3% after posting very impressive earnings.
XPO Logistics Inc. (NYSE: XPO): Vertical Research upgraded the stock Buy from Hold and has a $160 price target. The consensus target is lower at $ 149.33, and Tuesday’s closing share price was $141.52.
A top analyst who predicted last year’s massive relief rally now sees the potential for the market to drift up to 10% lower for the next six months. Though he is not calling for a major market crash, it may be time to sell in May and go away, as the adage says.
Tuesday’s early top analyst upgrades and downgrades included Alphabet, Bank of America, Boeing, Coinbase, Dollar General, Kroger and McDonald’s. Analyst calls seen later in the day were on Domino’s Pizza, Editas Medicine, Roblox, Teva Pharmaceutical, U.S. Steel and more.