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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.
Wednesday’s early top analyst upgrades and downgrades included Airbnb, Cogent Biosciences, CSX, Fortinet, McDonald’s, Merck, Microsoft, MGM Resorts International, Nike, Oracle, Ovintiv, Penn National Gaming, State Street and Union Pacific . Analyst calls seen later in the day were on Accenture, Altria, Bath & Body Works, Royal Caribbean Cruises, Skyworks Solutions, Texas Instruments and more.
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