Investing

Wednesday's Top Analyst Upgrades and Downgrades: Ford, Netflix, Nordstrom, Salesforce, UBS, Walmart, Wells Fargo and More

Salesforce.com Inc. (NYSE: CRM): Morgan Stanley raised the software giant from Equal Weight to Overweight with a $270 price target. The consensus price objective is $273.63, and Tuesday’s closing share price was $214.33.

Sally Beauty Holdings Inc. (NYSE: SBH): Zacks selected this as its Bull of the Day. The analyst said that, with mask guidelines relaxed, Americans are about to get much more serious about their appearance. Shares closed most recently at $22.49 and have a consensus price target of $25.40.

E.W. Scripps Co. (NYSE: SSP): Huber Research upgraded it to Overweight from Underweight. The stock has traded in a 52-week range of $7.39 to $24.78 and has a $25 consensus price objective. The final trade for Tuesday was reported at $20.63.

UBS Group A.G. (NYSE: UBS): Deutsche Bank raised the Swiss investment giant to Buy from Hold. The stock has traded in a 52-week range of $9.75 to $16.31. Its consensus price target is $17.91, and the shares were last seen on Tuesday at $15.53 a share.

Walmart Inc. (NYSE: WMT): Credit Suisse resumed coverage with an Outperform rating and a $150 price target. The consensus target for the venerable retail leader is up at $161.85, and Tuesday’s closing print was at $141.91.

Wells Fargo & Co. (NYSE: WFC): UBS downgraded the money center giant to Neutral from Buy, but it also raised the price target to $47. The consensus target is $47.95, and the last trade on Tuesday hit the tape at $46.86. As it is trading just below the 52-week high after a solid run, this looks like a valuation call.


24/7 Wall St. screened the BofA Securities research universe looking for Buy-rated stocks in the so-called defensive growth sectors, such as consumer staples and big pharmaceuticals, and found five stocks that look like solid ideas for growth investors who also like a dividend kicker.

Also, see why one top analyst is growing increasingly bullish on a leading cybersecurity firm.

Tuesday’s early top analyst upgrades and downgrades included CrowdStrike, Gap, Marathon Petroleum, Mastercard, MGM Resorts, Palo Alto Networks, Snowflake and Visa. Analyst calls seen later in the day were on BioNTech, Exelixis, Foot Locker and more.

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