Merck & Co. Inc. (NYSE: MRK) UBS downgraded the drug giant to Neutral from Buy but slashed the target price to $76 from $98. The consensus target is $94.40. The stock ended trading on Friday at $72.62.
NetApp Inc. (NASDAQ: NTAP): JPMorgan upgraded it to Overweight from Neutral and nudged the price target to $110 from $108. That is versus the consensus target of $99.75 and Friday’s closing print of $89.32.
Northwestern Corp. (NYSE: NWE): Wells Fargo lowered the stock Equal Weight from Overweight but nudged the price target up to $59 from $58. The consensus target is $63.43. The shares closed Friday at $56.48.
Parker-Hannifin Corp. (NYSE: PH) Goldman Sachs resumed coverage with a Buy rating and a $375 target price. The consensus is set lower at $369.69. The stock was last seen Friday at $318.93.
Pfizer Inc. (NYSE: PFE): UBS raised the pharmaceutical giant to Buy from Hold and has a $60 price target. The consensus target is posted at $51.80. The shares closed Friday at $52.78.
PNM Resources Inc. (NYSE: PNM): Wells Fargo raised the stock from Equal Weight to Overweight with a $50 price target. The consensus target is $48.87. The shares ended trading Friday at $45.56.
Shopify Inc. (NASDAQ: SHOP): Goldman Sachs initiated coverage with a Neutral rating, to go along with a $1,570 target price. The consensus target is considerably higher at $1,675. The stock closed Friday at $1,461.58.
Spirit Airlines Inc. (NYSE: SAVE): Seaport Research Partners raised the no-frills airline to Buy from Neutral and has a $33 price target. The consensus price objective is $33 as well. The stock closed Friday at $22.99.
TaskUs Inc. (NASDAQ: TASK): Morgan Stanley raised the stock to Overweight from Equal Weight and boosted the price target to $55 from $37. The consensus target is $66.17. The stock closed Friday at $42.39.
Timken Co. (NYSE: TKR): Goldman Sachs downgraded the shares to Neutral from Buy and cut the target price to $73 from $85. The consensus target is $85.89. The shares were last seen Friday at $68.12.
Warner Music Group Corp. (NASDAQ: WMG): Redburn raised its Sell rating to Buy. Over the past 52 weeks, the shares have traded in a range of $31.50 to $50.23, and they have a $46.75 consensus price objective. The final trade on Friday was reported at $40.81.
24/7 Wall St. screened the top stock picks at Goldman Sachs looking for the kind of companies that can fare well in 2022. Five pay reliable dividends and their stocks offer very good entry points at current levels and look like very solid ideas now.
Friday’s top analyst upgrades and downgrades included Altice USA, AppLovin, Biogen, Bristol-Myers Squibb, Broadcom, Ciena, Cloudflare, Denison Mines, Diageo, Eli Lilly, Rio Tinto and Southwest Airlines.
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