Petco Health and Wellness Co. Inc. (NASDAQ: WOOF): Baird reiterated an Outperform rating but lowered the $25 price target to $21. The consensus target is $23.67. The shares closed on Wednesday at $15.24.
Porch Group Inc. (NASDAQ: PRCH): Compass Point started coverage with a Buy rating and an $11.50 target. The consensus target is $11.72. The shares closed almost 6% higher on Wednesday at $4.07.
Sabra Health Care REIT Inc. (NASDAQ: SBRA): Mizuho raised the stock to Buy from Neutral, but it trimmed its $16 target price to $15. The consensus target is $15.73. The shares closed on Wednesday at $13.96, which was up close to 5% for the day.
ServiceNow Inc. (NYSE: NOW): Goldman Sachs reiterated a Buy rating on the stock, which is on its Conviction List of top picks, after the company posted outstanding quarterly results. The firm’s $752 price target is well above the $644.83 consensus target and Wednesday’s close at $452.29, which was up almost 8% on the day.
Teladoc Health Inc. (NASDAQ: TDOC): Though Goldman Sachs reiterated a Buy rating, it slashed its $77 price objective to $55. The consensus target is $64.84. The shares closed almost 3% higher on Wednesday at $31.66.
Toast Inc. (NYSE: TOST): Baird reiterated an Outperform rating and has a $25 price objective. The consensus target is $24.31. The final trade for Wednesday was for $14.95 a share.
Univar Solutions Inc. (NYSE: UNVR): Wells Fargo upgraded the stock to Overweight from Equal Weight and lifted the price objective to $36 from $30. The consensus target is $36.65. The last trade on Wednesday was posted at $29.53.
VNET Group Inc. (NASDAQ: VNET): The Goldman Sachs upgrade was to Neutral from Sell. Its $6.50 target price is well below the $14.01 consensus figure. The stock closed on Wednesday at $4.70.
Given the market’s nervousness, Stifel’s strategy now is to go with defensive value stocks. Nine outstanding picks fit the bill, as they are Buy-rated across Wall Street and pay dependable dividends.
Wednesday’s early top analyst upgrades and downgrades included Albemarle, Camping World, eBay, EOG Resources, Etsy, Global Payments, IMAX, JPMorgan, MetLife, Otis Worldwide, Salesforce, Wayfair and Zillow. Analyst calls seen later in the day were on Air Products and Chemicals, Amyris, Best Buy, CME, Diamondback Energy, Fisker, Magellan Midstream Partners, 2U and more.
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