Investing
How 2022 Could Shape Up With Inflation: Analysts Upgrade or Downgrade American Express, Ford, Rivian and More
May 12, 2022 12:05 pm
Chuy’s Holdings Inc. (NASDAQ: CHUY): This restaurant stock is the Zacks Bear of the Day. The analyst suggests there is nowhere to hide during this downside market action. Shares have traded as high as $44.50 in the past year but were last seen in the neighborhood of $22 a share.
Ford Motor Co. (NYSE: F): Wells Fargo’s downgrade to Underweight from Overweight included a price target cut to $12 from $24. The stock traded near $12 on Thursday, in a 52-week range of $11.35 to $25.87.
General Motors Co. (NYSE: GM): Wells Fargo likewise downgraded GM to Underweight from Overweight, and it cut the $74 price target to $33. The 52-week trading range is $34.59 to $67.21, and shares were trading near $36 on Thursday.
Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS): Robert Baird’s upgrade was from Neutral to Outperform with a $20 price target. The stock traded near $13 on Thursday. The 52-week trading range is $12.65 to $30.29.
Rivian Automotive Inc. (NASDAQ: RIVN): Exane BNP Paribas raised its Underperform rating to Neutral and has a $26 price target. Shares were trading near $25. The 52-week range is $19.25 to $179.47.
24/7 Wall St.Synchrony Financial (NYSE: SYF): Wolfe Research downgraded the stock to Underperform from Peer Perform and has a $22 price target. The 52-week trading range is $33.22 to $52.49, and shares traded near $34 apiece on Thursday.
Valvoline Inc. (NYSE: VVV): J.P. Morgan’s upgrade was to Overweight from Neutral, and the price target rose to $36 from $30. The stock traded near $28 on Thursday, in a 52-week range of $26.69 to $37.97.
Zoom Video Communications Inc. (NASDAQ: ZM): Piper Sandler downgraded the shares to Neutral from Overweight and cut the $157 price target to $96. The 52-week trading range is $79.03 to $406.48, and shares were trading near $85 on Thursday.
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