Shake Shack Inc. (NASDAQ: SHAK): Stifel kept a Hold rating on the popular restaurant chain but cut the $65 price objective to $45. The consensus target is $68.18. The last trade for Tuesday was at $47.99.
Simon Property Group Inc. (NYSE: SPG): Goldman Sachs reiterated a Buy rating after solid earnings results. Its $177 price target is higher than the $162.94 consensus figure. The stock closed on Tuesday at $119.07.
Tesla Inc. (NASDAQ: TSLA): Berenberg started coverage with a Hold rating and a $900 target. That compares with a higher $993.82 consensus target and Tuesday’s closing price of $800.04.
Tyler Technologies Inc. (NYSE: TYL): Credit Suisse began coverage with a Neutral rating and a $408 price target. The consensus target is up at $516.22. The shares ended trading on Tuesday at $354.66.
Unity Software Inc. (NYSE: U): Daiwa Securities downgraded the stock to Neutral from Outperform and slashed the $110 price target to $34. The consensus target (for now) is $135.63. The shares closed down over 4% on Tuesday at $48.13. The stock was eviscerated in the premarket, down an additional 23%, after posting weak revenue guidance to go with mostly inline earnings.
Veeco Instruments Inc. (NASDAQ: VECO): Stifel reiterated a Buy rating with a $38 target after the company posted results above Wall Street expectations. The consensus target is $35.67. Tuesday’s final trade was at $19.75, which was down over 13% for the day despite those solid numbers.
W.P. Carey Inc. (NYSE: WPC): JMP Securities started coverage with a Market Outperform rating and an $87 target price. The consensus target is $88.11. The shares were last seen Tuesday at $76.00.
XPO Logistics Inc. (NYSE: XPO): Goldman Sachs maintained a Buy rating with a $105 target price after the company posted very solid numbers. The consensus target is $95.77. The stock closed over 4% higher on Tuesday at $52.95.
With the market seemingly poised to head much lower, it may be time for investors to move any capital invested in momentum or high beta stocks to one or more of the safest Dividend Kings.
Five high-paying utilities stocks could help keep a sinking portfolio afloat, and see the five consumer defensive plays that may help investors help to ride out the market downturn. Plus, five top tech stocks offer solid dividends that pay investors to wait for better days. And are these four major carmakers poised for a turnaround?
Tuesday’s early top analyst upgrades and downgrades included Altria, American International Group, Datadog, DraftKings, Emerson Electric, Marriott International, NortonLifeLock, Opendoor Technologies, Realty Income, Roblox and Under Armour. Analyst calls seen later in the day were on Affirm, Edison International, GoodRx, LivePerson, Palantir Technologies, Progressive, Upstart and more.
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