Revolve Group Inc. (NYSE: RVLV): Morgan Stanley resumed coverage with an Equal Weight rating but trimmed the price objective to $56 from $57. The consensus target is up at $78.41. The shares closed Thursday at $51.73.
Skillz Inc. (NASDAQ: SKLZ): Wedbush reiterated an Outperform rating but chopped the $25 price target to $7.50. RBC Capital Markets has a Sector Perform rating and its $12 target price sank to $2.50. The consensus target is $14.29 for now, as the stock closed Thursday at $2.89, down almost 20% after the company posted dreadful results.
Tesla Inc. (NASDAQ: TSLA): Daiwa Securities upgraded the electric vehicle heavyweight to Outperform from Neutral, but it lowered the $980 target price to $900. The consensus target is $962.94, and Thursday’s closing print of $80.77 was up almost 5% for the day.
TJX Companies Inc. (NYSE: TJX): Citigroup reiterated a Buy rating on the discount retailing giant and trimmed the $81 target price to $78. Credit Suisse reiterated an Outperform rating but lowered the target price to $73 from $86, while Deutsche Bank kept a Buy rating and dropped its target to $79 from $83. The consensus target is $83.50. The last trade to hit the tape Thursday came in at $64.69, up close to 4% on the day.
Toll Brothers Inc. (NYSE: TOL): Goldman Sachs cut the target price on the luxury homebuilder to $52 from $60 and kept its Sell rating. The consensus target is $73.36. The stock closed Thursday at $51.19, up close to 5% on the day.
Vipshop Holdings Ltd. (NASDAQ: VIPS): Morgan Stanley cut its Overweight rating to Equal Weight and sliced the $15 price target to $10. The consensus target is $16.52. The stock closed Thursday at $8.89, up almost 3%, but that went away in the aftermarket when the shares fell almost 4% in the wake of disappointing results.
Five stocks not only have among the highest dividends in the S&P 500, but with incredible cash flow and shares trading well below their 52-week highs, they make sense in a market that has been very volatile and could trade to the downside at a moment’s notice.
Thursday’s early top analyst upgrades and downgrades included Caesars Entertainment, Chevron, Exact Sciences, Exxon Mobil, Gap, Ginkgo Bioworks, Home Depot, New York Mortgage Trust, Novavax, NOV and SoFi Technologies. Analyst calls seen later in the day were on Intel, Macy’s, Mattel, Under Armour and more.
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