Thursday's Top Analyst Upgrades and Downgrades: AMD, Alphabet, Amazon, DR Horton, Freeport-McMoRan, Intel, Nvidia, Rivian, Tesla, Twitter and More

Lazard Ltd. (NYSE: LAZ): Keefe Bruyette downgraded the stock to Underperform from Market Perform and cut the price target to $30 from $38. The consensus target is $39.88. The final trade on Wednesday was reported at $32.67, which down almost 3% on the day.

Nvidia Corp. (NASDAQ: NVDA): Though Susquehanna reiterated a Positive rating on the chip giant, it also lowered its $260 target price to $220. That compares with a $252.54 consensus target and Wednesday’s closing print of $151.64.

Rivian Automotive Inc. (NASDAQ: RIVN): Canaccord Genuity started coverage of the electric vehicle car maker with a Buy rating and a $61 target price. The consensus target is $58.50. The last trade on Wednesday was reported at $30.76 per share.

Southern Copper Corp. (NYSE: SCCO): Citigroup downgraded the stock to Sell from Neutral and slashed the $70 price target to $40. The consensus target is $63.47, and Wednesday’s closing price was $48.24 a share.

Tesla Inc. (NASDAQ: TSLA): Canaccord Genuity resumed coverage of the eclectic vehicle heavyweight with a Buy rating and an $801 target price. The consensus target is higher at $893.46, and the stock was last seen on Wednesday trading at $711.12.

Twitter Inc. (NYSE: TWTR): Rosenblatt upgraded the stock to Buy from Neutral, and it also raised its target price to $52 from $33. The consensus target was last seen at $46.42. The stock closed almost 8% higher on Wednesday at $36.90.

U.S. Silica Holdings Inc. (NYSE: SLCA): Morgan Stanley upgraded the shares to Equal Weight from Underweight and has a $15 target. The consensus target for the stock is $19.60, and the final trade on Wednesday was filled at $10.31 per share.

Verra Mobility Corp. (NASDAQ: VRRM): Baird downgraded the stock to Neutral from Outperform and has an $18 target. The consensus target is $19.57. Wednesday’s close at $15.35 a share was down more than 4% for the day.

It makes sense now for investors to look for stocks that do well in inflationary times and pay dependable dividends. Seven top energy, gold and real estate plays offer outstanding entry points and look like great inflation-proof ideas for the rest of 2022.

Wednesday’s top analyst upgrades and downgrades included Ally Financial, Cisco Systems, HCA Healthcare, JetBlue Airways, Juniper Networks, Snowflake, Southwest Airlines, STORE Capital, Take-Two Interactive Software and Zoetis. Analyst calls seen later in the day included Bath & Body Works, BioNTech, Caesars, Freeport McMoRan, Gap, Hasbro, Synchrony Financial and more.

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