Lear Inc. (NYSE: LEA): BofA Securities downgraded it to Underperform from Neutral and lowered the price target to $160 from $200. The consensus target is $195.20. The final trade for Wednesday was reported at $160.61.
Okta Inc. (NASDAQ: OKTA): This is the Zacks Bear of the Day stock. The analyst points out that this cybersecurity identity specialist may have hit trough earnings as investors focus on sales growth. Shares closed most recently at $253.58 apiece and have a consensus price target of $294.81.
Penumbra Inc. (NYSE: PEN): Truist Securities started coverage with a Buy rating and a $350 price target. The consensus target is $319.80. The stock closed on Wednesday at $288.88 a share.
Signet Jewelers Ltd. (NYSE: SIG): Wells Fargo upgraded the stock to Overweight from Equal Weight and lifted the target price to $100 from $80. The consensus target is $86. The closing share price on Wednesday was $78.43.
Trade Desk Inc. (NASDAQ: TTD): Zacks has picked this stock as its Bull of the Day. The analyst said that the “CME of Advertising” has launched an ad-buyer platform that wins no matter what Google does. Shares most recently closed at $70.82 and have a consensus price target of $86.44.
Wynn Resorts Ltd. (NASDAQ: WYNN): JPMorgan downgraded the luxury casino operator to Neutral from Overweight. The firm also dropped the price target from $122 to $89. That is well below the $124.25 consensus target and much closer to the most recent close at $86.44. Shares retreated over 6% on Wednesday and were down an additional 3% in Thursday’s premarket. Again, the potential for increasing restrictions in Macau was cited as the reason for the weakness.
0% Rates May Last Until 2023 or Longer: 5 Surprising Stocks to Buy Now With Income and Safety
Four Jefferies top growth stock picks have outstanding upside potential and should hold up better into a brutal sell-off. The companies have posted solid results, have very strong business lines and have the ability to weather storms in the economy.
Wednesday’s early top analyst upgrades and downgrades included Alcoa, Caesars Entertainment, Chevron, DraftKings, Lucid, Sarepta Therapeutics, SoFi Technologies and Wynn Resorts. More analyst calls were seen later in the day, including on Apple, Crocs, Las Vegas Sands and Square.
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