Portland General Electric Co. (NYSE: POR): Mizuho raised its Neutral rating to Buy and lifted the $54 target price to $61. The consensus target is $55, and the final trade for Thursday came in at $54.37.
Qualcomm Inc. (NASDAQ: QCOM): As SMBC Nikko downgraded the stock to Market Perform from Neutral, it slashed the $215 target price to $155. The consensus target is $218.17. The stock was last seen Thursday at $136.91, down close to 3% on the day.
Shopify Inc. (NYSE: SHOP): Benchmark started coverage with a Hold rating. The stock has traded in an incredible 52-week range of $510.02 to $1,762.92 and has a $1,527.45 consensus price objective. The last trade on Thursday was reported at $579.51, down over 4% for the day.
SolarEdge Technologies Inc. (NASDAQ: SEDG): Stephens began covering the stock with an Overweight rating and a $490 target price. The consensus target is just $348.06. The final trade for Thursday was at $300.66 a share.
Verastem Inc. (NASDAQ: VSTM): RBC Capital Markets started coverage with an Outperform rating and a $5 target price. The consensus target is $6. The shares closed on Thursday at $1.77, after popping almost 16% on no news that we could find.
Wix.com Ltd. (NASDAQ: WIX): Benchmark initiated coverage with a Hold rating. Over the past year, the stock has traded in a wide range of $70.70 to $329.00, and it has a $137.33 consensus target price. Thursday’s close at $89.73 was down almost 7% for the day.
W.P. Carey Inc. (NYSE: WPC): Raymond James started coverage of the real estate heavyweight with an Outperform rating and a $90 target price. The consensus target is $87.11. Thursday’s last trade was for $83.15 a share.
Even with the potential for a sizable correction looming, eight Dividend Aristocrats are poised to do well for the rest of 2022. With just moderate appreciation in their share prices, investors could be looking at double-digit total return potential.
The top analyst upgrades and downgrades seen most recently included Albertsons, Amazon.com, CarMax, Carnival, Chipotle Mexican Grill, Delta Air Lines, eBay, Etsy, GameStop, IBM, Meta Platforms, Nvidia and Salesforce.com.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.