Wednesday's Top Analyst Upgrades and Downgrades: AbbVie, Blackstone, Boston Scientific, CarMax, Chewy, Eli Lilly, Medtronic, Shopify, Veru and More

Ping Identity Holding Corp. (NYSE: PING): Goldman Sachs reiterated a Buy rating and boosted the target price to $31 from $28. D.A. Davidson started coverage with a Buy rating. The $30.60 consensus price objective compares with Tuesday’s closing print of $28.89, which was up close to 3% on the day.

Shopify Inc. (NYSE: SHOP): Baird reiterated an Outperform rating with a $1,000 price target. The consensus target is higher at $1,530.68. The last trade on Tuesday was reported at $591.06.

Texas Roadhouse Inc. (NASDAQ: TXRH): Citigroup started coverage with a Buy rating and a $105 price objective. The consensus target is $105.67. The final trade Tuesday was reported at $80.84, up over 2% for the day.

Veru Inc. (NASDAQ: VERU): Oppenheimer raised its price target on the Outperform-rated shares to $36 from $25. The consensus target is $24.20. The shares were blasted Tuesday, closing down almost 19% at $10.01, even though the company’s sabizabulin, which is being tested in Phase 3 trials as a COVID-19 therapy, produced a stunning 55% reduction in deaths from COVID-19, compared to a placebo, in patients who had moderate to severe risk of acute respiratory distress syndrome, regardless of the variant. The stock rallied over 5% in the aftermarket.

Wingstop Inc. (NASDAQ: WING): Citigroup started coverage on the popular restaurant chain with a Buy rating and a $160 target. The consensus target is $163.58. The last trade on Tuesday was at $107.37.

Zscaler Inc. (NASDAQ: ZS): Goldman Sachs slashed its $326 target price on the Neutral-rated shares to $281. The consensus target is $329.43, and the stock closed on Tuesday at $223.

With even moderate appreciation in five safe Dividend King stocks, growth and income investors should be looking at double-digit total return potential. Given the current turmoil in the markets, that makes a ton of sense now.

Tuesday’s early top analyst upgrades and downgrades included Aptiv, Cardinal Health, Charles Schwab, Chegg, Cisco Systems, CrowdStrike, Franklin Resources, Hewlett Packard Enterprise, Juniper Networks, NetApp, Starbucks and Waste Management. Analyst calls seen later in the day were on Bloomin’ Brands, Chipotle Mexican Grill, McDonald’s, Mondelez, Skyworks Solutions, Yum! Brands and more.

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