Investing
Friday's Top Analyst Upgrades Downgrades: Analog Devices, Bath & Body Works, Cisco, Exxon, Marvell, Nvidia, Snowflake, Target, TJX, Zoom Video and More
August 19, 2022 8:53 am
Last Updated: August 19, 2022 9:03 am
Cummins Inc. (NYSE: CMI): J.P. Morgan resumed coverage with a Neutral rating and lowered its $264 target price to $245. The consensus target for the industrial machinery heavy weight is $243.13. The stock closed on Thursday at $230.36.
Dollar General Corp. (NYSE: DG): Oppenheimer reiterated an Outperform rating on the discount retail leader and has a $275 target price. The consensus target is $257.61. The last trade for Friday was at $257.66 a share.
Elanco Animal Health Inc. (NASDAQ: ELAN): Morgan Stanley’s downgrade to Equal Weight from Overweight include a target price cut to $22 from $37. The consensus target is $24.88. The stock 4% lower on Thursday at $18.09.
Essential Utilities Inc. (NASDAQ: WTRG): HSBC Securities raised its Hold rating to Buy, and its target price went to $57 from $54. The consensus target is $55.36. The stock closed at $52.28 on Thursday.
Exxon Mobil Corp. (NYSE: XOM): Zacks named this big oil stock as its Bull of the Day, citing its outlook, valuation and dividend. Shares last closed at $94.38, and the $103.24 consensus target represents more than 9% upside potential. The year-to-date gain is over 50%.
Fate Therapeutics Inc. (NASDAQ: FATE): Wells Fargo resumed coverage with an Overweight rating and a $90 target price. The consensus is set at $76.30. The stock closed Thursday at $30.29.
Jack Henry & Associates Inc. (NASDAQ: JKHY): D.A. Davidson downgraded the shares to Neutral from Buy and has a $210 target price. The consensus target is $193.50. The $203.47 close on Thursday was up over 3% for the day.
Marvell Technology Inc. (NASDAQ: MRVL): Oppenheimer maintained an Outperform rating with a $90 price objective. The consensus target is $79.07, and Thursday’s close at $54.55 was up almost 4% on the day.
MGIC Investment Corp. (NYSE: MTG): BofA Securities upgraded the shares from Neutral to Buy with an $18 target price. The consensus target is $18.38. The stock closed on Thursday at $15.58.
PerkinElmer Inc. (NYSE: PKI): Stifel’s downgrade to Hold from Buy included a price objective cut to $170 from $190. The consensus target is $173. The stock was last seen on Thursday trading at $148.18.
Principal Financial Group Inc. (NASDAQ: PFG): Credit Suisse downgraded the insurance and investment giant to Neutral from Outperform. Its $82 target price rose to $86, well above the $71.69 consensus figure. The last trade on Thursday was reported at $79.29.
Radian Group Inc. (NYSE: RDN): BofA Securities upgraded the stock to Neutral from Underperform and nudged the $22.50 price target up to $24. The consensus target is $27.56. Thursday’s close was at $23.50.
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