Nio Inc. (NYSE: NIO): Citigroup upgraded shares of the electric vehicle maker to Buy from Hold, and it also raised the price target to $58.30. That compares with the $52.89 consensus target and Friday’s last print of $38.62. Shares were up smartly in the premarket.
Oasis Petroleum Inc. (NYSE: OAS): Truist Securities started the stock with a Buy rating and a $115 price target. The consensus target is at $101.40, and the last trade on Friday came in at $88.61.
Sprout Social Inc. (NASDAQ: SPT): KeyBanc Capital Markets resumed coverage on the company with an Overweight rating and an $82 price target. The consensus price objective is $83.10, and the shares were last seen trading at $69.42.
Stryker Corp. (NYSE: SYK): Evercore ISI upgraded the stock from Inline to Outperform and also raised the price target to $285. The consensus target is $273, and the stock closed most recently at $255.27.
Taleris Therapeutics Inc. (NASDAQ: TALS): Morgan Stanley started coverage with an Overweight rating and a $35 price target. No consensus target was available as the stock had a recent initial public offering. It ended trading Friday at $16.07 a share, which was up almost 7% on the day. The shares added another 5% in premarket action.
Valneva S.E. (NASDAQ: VALN): Guggenheim started coverage with a Buy rating and a $35 price target. The consensus target is not available, as this was another recent initial public offering. The last trade on Friday came in at $25.98, up over 6% for the day. The stock was trading almost 5% higher in the premarket.
Williams-Sonoma Inc. (NYSE: WSM): BofA Securities upgraded the retailer to Neutral from Underperform and raised the price target to $180. The consensus target is $168.17, and the stock was last seen trading at $169.54.
With school soon to be out and COVID-19 restrictions largely loosening or over, families are getting ready for their long-awaited annual summer exodus. Five top stocks are poised to do great over the next 90 days given the reopening of the economy and pent-up demand.
Friday’s early top analyst upgrades and downgrades included Advanced Micro Devices, Apple, Best Buy, Costco, Intel, Kansas City Southern, Nikola, Plug Power and Salesforce.com. Analyst calls seen later in the day were on Dollar General, HP, Johnson & Johnson and more.