Wednesday's Top Analyst Upgrades and Downgrades: Chesapeake Energy, eBay, Hewlett Packard Enterprise, Oracle, Phillips 66, US Steel and More

Oracle Corp. (NYSE: ORCL): Stifel lowered its $83 price target to $72 while keeping a Neutral rating. The consensus target is $91.17. The shares were on fire Tuesday, closing up almost 11% to $70.72, after the tech giant posted very solid results for the quarter.

PBF Energy Inc. (NYSE: PBF): Wells Fargo raised its Equal Weight rating to Overweight with a $57 price target. The consensus target is just $34.25. The closed almost 4% higher on Tuesday at $38.92.

Phillips 66 (NYSE: PSX): BMO Capital Markets began covering the energy giant with an Outperform rating and a $132 target price. That compares with the $114.69 consensus and Tuesday’s closing print of $104.13.

Teradata Corp. (NYSE: TDC): This software company was selected as the Bear of the Day stock at Zacks, which cited weaker guidance and falling estimates. Shares have traded as high as $59.38 in the past year but closed most recently at $35.97, which is down more than 15% year to date.

U.S. Silica Holdings Inc. (NASDAQ: SLCA): Evercore ISI upgraded the shares to Outperform from In Line and has a $20 target price. The consensus target is $19.60. The stock closed over 3% higher on Tuesday at $13.90.

United States Steel Corp. (NYSE: X): J.P. Morgan reiterated an Underperform rating on the legacy steel maker, and it lowered its price target to $28 from $34. The consensus target is $34.86. The shares closed on Tuesday at $20.06.

Valero Energy Corp. (NYSE: VLO): BMO Capital Markets began covering the refining heavyweight with a Market Perform rating and a $155 price objective. The consensus target is $135.68. The stock closed Tuesday’s session at $133.75 per share.

With many top energy companies poised to have a strong second half of 2022, seven stocks with reasonably safe and reliable distributions have room to run and are rated Buy across Wall Street.

Also see which two cryptocurrency stocks J.P. Morgan warns investors to stay away from and which four cybersecurity stocks Jefferies thinks are most likely to benefit from growing security concerns.

Tuesday’s early top analyst upgrades and downgrades included Advanced Micro Devices, American Eagle Outfitters, Azek, Bausch Health, Coinbase Global, Dell Technologies, Fidelity National Information Services, Invesco, Marathon Petroleum, Netflix, New Residential Investment, Spotify Technology, Stitch Fix and Volta. Analyst calls seen later in the day were on Adobe, AstraZeneca, Best Buy, Chemours, Oracle, Royalty Pharma, Teva Pharmaceutical and Tractor Supply.

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