Petco Health and Wellness Co. Inc. (NASDAQ: WOOF): Wedbush raised its Neutral rating to Outperform with a $23 price target. The consensus target is $25.70. The shares closed Monday at $19.46, after a pop of almost 6% for the day.
Shockwave Medical Inc. (NASDAQ: SWAV): Wells Fargo’s upgrade was from Equal Weight to Overweight with a $235 target price. That compares with a $246.80 consensus target and Monday’s closing share price of $177.40, which was up almost 8% on the day.
Southern Company (NYSE: SO): Mizuho upgraded the utility leader to Neutral from Underperform and lifted the $55 price target to $60. The consensus target is $66.74. The stock closed at $64.66, after rising almost 3% on Monday.
Spirit Airlines Inc. (NYSE: SAVE): Evercore ISI upgraded the low-cost carrier to Outperform from In Line. Over the past 52 weeks, the stock has traded between $19.52 and $40.77, and it has a consensus price target of $32.70. The shares closed Monday at $22.80, up over 6% for the day.
Steven Madden Ltd. (NASDAQ: SHOO): Piper Sandler raised its Neutral rating on the very popular shoe and accessories retailer to Overweight. It also bumped the price target to $56 from $54. That compares with a $55.70 consensus target and Monday’s closing price of $47.76 per share.
SVB Financial Group (NASDAQ: SIVB): Morgan Stanley upgraded the stock to Overweight from Equal Weight and has a $985 price target. The consensus is just $821.29. The shares were last seen on Monday at $693.39.
Wells Fargo & Co. (NYSE: WFC): Morgan Stanley upgraded the shares to Overweight from Equal Weight and has a $61 price objective. The consensus target is $51.96. The stock closed at $48.81 on Monday.
Monday’s early top analyst upgrades and downgrades included Amgen, Apple, AT&T, Chevron, Dollar General, Fastly, Ford, Hertz, Kroger, Marvell Technology, Peloton Interactive, Salesforce.com, Stitch Fix and Twitter. Analyst calls seen later in the day were on American Airlines, Citigroup, Meta and more.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
