Investing

Monday's Top Analyst Upgrades and Downgrades: Applied Materials, Corning, HP, Matador Resources, Palo Alto Networks, Ross Stores, Walmart and More 

Ross Stores Inc. (NASDAQ: ROST): Baird maintained an Outperform rating on the popular discount retailer but dropped the $115 price objective to $90. The consensus target is $113.48 for now. The stock was hammered Friday, down over 22% to close at $71.87, after earnings, revenue and same-store sales all missed Wall Street estimates.

Suncor Energy Inc. (NYSE: SU): Goldman Sachs raised the $38 target price on the Canadian energy giant to $43 while keeping a Buy rating. The $41.30 consensus target also compares to Friday’s closing print of $38.08.

Thermo Fisher Scientific Inc. (NYSE: TMO): Jefferies reiterated a Hold rating and has a $620 target price. The consensus target is up at $669.53. The stock closed on Friday at $555.15.

V.F. Corp. (NYSE: VFC): Stifel lowered its $74 target price to $42 while keeping a Hold rating on the shares. The consensus target is $67.73. The stock closed Friday at $47.32, up over 6% after posting inline profits while revenues beat estimates.

Waters Corp. (NYSE: WAT): Jefferies maintained a Hold rating with a $335 target price. The consensus target is $350.83. The stock closed at $318.95 on Friday.

Wix.com Ltd. (NASDAQ: WIX): Jefferies maintained a Buy rating and has a $115 target. The consensus target is $103.13. The shares have traded in a very wide 52-week range of $56.24 to $309, and on Friday they closed at $67.35.

Walmart Inc. (NYSE: WMT): Citing the pain of low prices and high costs, Zacks selected this major retailer as its Bear of the Day stock. Shares have traded as high as $160.77 in the past year but closed most recently at $119.20. That is down about 14% year to date.


Seven dividend-paying tech sector leaders have been caught up in the “sell everything and head for the hills” hysteria. They are trading at bargain-basement prices now and will flourish long after the current bear market has passed.

Friday’s early top analyst upgrades and downgrades included Apple, Bath & Bodyworks, Carvana, Cisco Systems, Core Scientific, Costco Wholesale, Doximity, Healthpeak Properties, Lowe’s Companies, Physicians Realty Trust, Plains All-American Pipeline, Schlumberger, Target, Under Armour and VICI Properties. Analyst calls seen later in the day were on Air Products and Chemicals, Bentley Systems, Comerica, Coupa Software, Dow, Ecolab, Hewlett Packard Enterprise, Pure Storage, Ross Stores, Wix.com and more.

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