Investing
Thursday's Top Analyst Upgrades and Downgrades: Amazon, DraftKings, Goldman Sachs, Las Vegas Sands, Lyft, SunPower, Twitter, Weyerhaeuser, Wynn Resorts and More
June 30, 2022 8:48 am
Last Updated: June 30, 2022 8:55 am
SunPower Corp. (NASDAQ: SPWR): Wells Fargo started coverage with an Underweight rating and a $17 target price. The consensus target is $19.83. The shares closed Wednesday at $15.14, down close to 11% on the day as U.S. solar policies and a slowing housing market are turning into headwinds.
Twitter Inc. (NYSE: TWTR): Wedbush resumed coverage with a Neutral rating and a $54 target. The consensus target for the possible Elon Musk acquisition is $49.66. The stock closed on Wednesday almost 3% lower at $37.80.
Ulta Beauty Inc. (NASDAQ: ULTA): Raymond James raised its rating on the popular cosmetics and accessories retailer to Strong Buy from Outperform and bumped the $475 target price to $485. The consensus target is $457.70. Wednesday’s final trade was reported at $391.64 a share.
Unity Software Inc. (NYSE: U): BTIG Research lowered its price target to $72 from $110 while staying with a Buy rating. The consensus target is $74.94, and Wednesday’s closing trade was for $39.52 per share.
Universal Display Corp. (NASDAQ: OLED): The BofA Securities downgrade was to Neutral from Buy, and it slashed the $170 price target to $135. The consensus target is $187.36. The shares ended trading Wednesday at $103.78, down close to 6% for the day.
Weyerhaeuser Co. (NYSE: WY): Truist Financial started coverage with a Hold rating and a $37 price target. The consensus target is higher at $43.11. The shares ended Wednesday trading at $33.04.
Wynn Resorts Ltd. (NASDAQ: WYNN): Barclays started coverage of the luxury gaming property with an Equal Weight rating and a $62 target price. The higher $91.27 consensus target also compares with Wednesday’s close at $58.00 a share.
Seven top real estate investment trusts are solid ideas now, as they offer the best entry points in well over a year and come with large and dependable dividends.
In the semiconductor space, BofA favors two chip design stocks. Meanwhile, Wells Fargo has low expectations for Carnival and other stocks.
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