Wednesday's Top Analyst Upgrades and Downgrades: Adobe, Amazon, Carnival, Chewy, Ginkgo Bioworks, Nvidia, Oracle, Procter & Gamble, SentinelOne, Walmart and More

Procter & Gamble Co. (NYSE: PG): J.P. Morgan downgraded the consumer staples leader to Neutral from Overweight and dropped the price objective to $165 from $181. The consensus target is $165.27, and shares closed Tuesday at $155.46.

RH (NYSE: RH): Though Jefferies upgraded the stock to Buy from Hold, the firm cut the $634 target price to $560. The consensus target is $655.13. The stock was last seen Tuesday at $385.69, up close to 5% on the day. The shares were hit in premarket action, down almost 4%.

SentinelOne Inc. (NYSE: S): Barclays downgraded the shares from Overweight to Equal Weight with a $37 target price. That compares with the $48.78 consensus and Tuesday’s closing print of $40.78.

ServiceNow Inc. (NYSE: NOW): Exane BNP Paribas downgraded the software heavyweight to Underperform from Neutral and has a $460 price objective. The consensus target is up at $683.93. The last trade on Tuesday came in at $597.15.

Walmart Inc. (NYSE: WMT): Goldman Sachs maintained a Buy rating on the retail giant and has a $180 price target. The firm cited the company’s solid position in a rising food inflation environment. The consensus target is $165.06. The final trade on Tuesday was reported at $147.26.

Workday Inc. (NASDAQ: WDAY): Exane BNP Paribas cut its Neutral rating on the software leader to Underperform with a $190 price objective. The consensus target is up at $313.88. The last trade on Tuesday hit the tape was at $246.26.

After a dreadful start to 2022, the market has perked up some, with the big tech stocks leading the way. Seven top Buy-rated tech stocks also offer investors solid and dependable dividends.

Six diverse top energy stocks come with big dividends and still have room to run to the posted Wall Street price targets, as the companies are well positioned to profit from higher energy prices.

Tuesday’s early top analyst upgrades and downgrades included Adobe, Advanced Micro Devices, Bank of New York Mellon, Carlyle, CF Industries, Chewy, Cleveland-Cliffs, CVS Health, Fifth Third Bancorp, Luminar Technologies, Nike, Pinterest, QuantumScape, Unity Software and Walgreens Boots Alliance. Analyst calls seen later in the day were on AutoZone, Bright Health, Etsy, NortonLifeLock, RealReal and more.

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