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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
Snowflake Inc. (NYSE: SNOW): Baird maintained an Outperform rating and has a $200 target price. The consensus target is $198.64. Thursday’s close was at $161.75.
Synopsis Inc. (NASDAQ: SNPS): Baird maintained an Outperform rating and raised its $409 price target to $444. The consensus target is $390.90. The stock closed at $373.32 on Thursday.
Target Corp. (NYSE: TGT): Goldman Sachs reiterated a Buy rating on the big-box store operator and raised its $155 target to $205. Deutsche Bank also maintained a Buy rating, and it trimmed the price target to $193 from $195, while Truist Financial reiterated a Hold rating but raised its $150 target to $165. The consensus target is $188.46. Thursday’s close was at $173.10.
TJX Companies Inc. (NYSE: TJX): Baird maintained an Outperform rating and lifted its target price to $77 from $74. The consensus target is $75.71. The shares ended Thursday’s session at $68.02.
United Rentals Inc. (NYSE: URI): As Bernstein downgraded the stock to Underperform from Market Perform, it slashed its $307 target price to $269. The consensus target is $371.67. The stock closed on Thursday at $323.26.
Wolfspeed Inc. (NASDAQ: WOLF): Cowen reiterated a Buy rating on the specialty semiconductor company and raised its $100 target price to $125. The consensus target is $102.17 for now. The shares closed Thursday at $112.91, which was up a stunning 32% after a big earnings beat and a massive buzz across Wall Street on the future potential.
Zoom Video Communications Inc. (NASDAQ: ZM): Baird reiterated an Outperform rating with a $140 price target. The consensus target is up at $151.73, The stock closed on Thursday at $103.18.
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Thursday’s early top analyst upgrades and downgrades included Array Technologies, Cognizant Technology Solutions, Corning, Danaher, Dell Technologies, Emerson Electric, First Solar, FuboTV, Seagate Technology, 3M, Unity Software, Vale, Western Digital and Xerox. Analyst calls seen later in the day were on Analog Devices, Bed Bath & Beyond, Hasbro, Krispy Kreme, 10X Genomics, Verizon Communications and more.
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