Investing
Thursday's Top Analyst Upgrades and Downgrades: Boeing, Capital One, Coinbase, Electronic Arts, Harley-Davidson, Peloton, Walmart, Wynn Resorts and More
May 12, 2022 8:52 am
Last Updated: May 12, 2022 9:03 am
Jack Henry & Associates Inc. (NASDAQ: JKHY): Oppenheimer reiterated an Outperform rating with a $220 target price. That compares with the lower $191.67 consensus target and Wednesday’s close at $178.18.
ON Semiconductor Corp. (NASDAQ: ON): Wells Fargo’s upgrade to Overweight from Equal Weight included a target price hike to $65 from $58. The consensus target is $72.48. The shares closed almost 4% lower on Wednesday at $51.77. The stock was up almost 2% in the premarket trading.
Peloton Interactive Inc. (NASDAQ: PTON): Baird maintained an Outperform rating on the troubled stock but lowered the $46 target price to $25. The consensus target is $42.79 for now. The stock closed over 4% lower on Wednesday at $12.34.
Playtika Holding Corp. (NASDAQ: PLTK): Goldman Sachs reiterated a Neutral rating after the company posted less than stellar earnings. The analyst has a $17 price target, but the consensus target is $26.50. Wednesday’s closing share price was $12.48.
TransDigm Group Inc. (NYSE: TDG): Baird reiterated an Outperform rating with a $720 target price. The consensus target is up at $743.89. The stock closed on Wednesday at $570.77.
Unity Software Inc. (NYSE: U): Stifel lowered the $150 price target to $100 but stuck with a Buy rating. The consensus price objective is $157.98 for now, and Wednesday’s close at $30.30 was down 37% in the wake of awful first-quarter results, with Apple advertising changes as a big component.
Walmart Inc. (NYSE: WMT): Jefferies kept a Buy rating on the retail heavyweight and has a $175 target price. The consensus target is $166.47. The stock closed on Wednesday at $147.62.
Wynn Resorts Ltd. (NASDAQ: WYNN) Stifel maintained a Buy rating on the luxury casino heavyweight but cut the $139 target price to $112. The consensus target is $103.13. The stock closed almost 5% lower on Wednesday at $58.85.
Seven Warren Buffett stocks are quality defensive names that make sense now for growth and income investors worried about the potential for a continued steep market decline.
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