Nabors Industries Ltd. (NYSE: NBR): Evercore ISI raised its Underperform rating to In Line and has a $101 price target. The consensus target is $96.38. Wednesday’s closing share price was $90.04, after more than a 3% gain for the day.
Raytheon Technologies Corp. (NYSE: RTX): Argus upgraded shares of the defense giant to Buy from Hold and has a $100 price target. The consensus target is $98.59, and the stock closed on Wednesday at $87.20.
Robinhood Markets Inc. (NASDAQ: HOOD): Atlantic Equities started the maverick brokerage firm with a Buy rating and a $65 price target. There is no consensus target yet, as the shares begin trading Wednesday, and the IPO was priced at $38 a share.
Spotify Technology S.A. (NYSE: SPOT): Guggenheim’s upgrade to Buy from Neutral included a price target hike to $265 from $245. The consensus target is up at $323.18. The shares were last seen on Wednesday at $223.32, after retreating almost 6% on the day.
Sysco Corp. (NYSE: SYY): UBS started coverage with a Buy rating and an $89 price target. The consensus target is $89.50. The last trade on Wednesday came in at $73.65.
Teradyne Inc. (NYSE: TER): Susquehanna raised its Neutral rating to Positive and hiked the $148 price target to $165. The consensus target is $146.79. The final trade for Wednesday was reported at $122.08.
Tesla Inc. (NASDAQ: TSLA): DZ Bank raised the electric vehicle giant to Buy from Sell and has a $750 price target. The $655.12 consensus price target is much closer to Wednesday’s closing price of $646.98 a share.
Zoom Video Communications Inc. (NYSE: ZM): KeyBanc Capital Markets upgraded the stock to Overweight from Sector Weight and has a $428 price target. The consensus price objective is $415.48. The shares were last seen on Wednesday at $369.49.
Electric Vehicle Buying Surge May Be Huge for Power Companies: 5 Top Dividend Stocks to Buy
The technology sector continues to provide much of the growth in the U.S. markets and around the world. Five tech companies that Wall Street loves pay big and dependable dividends, and their stocks have solid growth prospects for the rest of 2021 and beyond.
Wednesday’s early top analyst upgrades and downgrades included Advanced Micro Devices, Chewy, Juniper Networks, MGM Resorts, Microsoft, Salesforce.com, Sony, Teladoc and Virgin Galactic. Analyst calls seen later in the day were on Alphabet, Apple, Starbucks, Visa and more.
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