Investing
Tuesday's Top Analyst Upgrades and Downgrades: Boeing, ChargePoint, Deere, Foot Locker, Salesforce, UPS, Vipshop, Walmart and More
August 23, 2022 8:51 am
Last Updated: August 23, 2022 9:18 am
Ross Stores Inc. (NASDAQ: ROST): Goldman Sachs reiterated a Buy rating on shares of the popular discount retailer. The firm’s $104 price objective compares with the $96.52 consensus target and Monday’s close at $88.11, which was down 3% for the day.
Saia Inc. (NASDAQ: SAIA): Evercore ISI cut its Outperform rating to In Line with a $243 target. The consensus target is $249. The stock closed at $222.97 on Monday.
Salesforce Inc. (NYSE: CRM): Jefferies maintained a Buy rating and has a $250 price target. The consensus target is $242.60. Monday’s close at $176.98 was down just shy of 4% on the day.
Schneider National Inc. (NASDAQ: SNDR): Evercore ISI’s upgrade was from In Line to Outperform with a $28 target. The consensus target is $28.29. The stock closed on Monday at $24.62.
United Parcel Service Inc. (NYSE: UPS): Goldman Sachs analysts reiterated a Buy rating with a $212 target price The consensus target is $210.25, and the shares closed Monday trading at $206.40.
VF Corp. (NYSE: VFC): Cowen’s downgrade to Market Perform from Outperform included a price objective trim to $50 from $52. The consensus target is $53.85. The $43.14 close on Monday was down over 5% for the day.
Vipshop Holdings Ltd. (NYSE: VIPS): Citigroup raised its Sell rating to Neutral and boosted the $7.80 price target to $10.90. The consensus target is $11.53. The stock closed Monday at $10.79, up almost 8% on the day, perhaps due to the upgrade.
Walmart Inc. (NYSE: WMT): Goldman Sachs reiterated a Buy rating on the retail colossus and has a $155 target price. The consensus target is $149.75. The shares, which reside on the firm’s Conviction List of top stock ideas, closed at $134.57 on Monday.
Five Jefferies value stock picks are well suited for what could be a very ugly rest of the year. They pay solid and dependable dividends and should hold their ground in an inflationary and recessionary period better than stocks that ripped during the summer rally.
Also, RBC Capital has lost faith in two top software stocks.
24/7 Wall St.Monday’s early top analyst upgrades and downgrades included Applied Materials, Autodesk, BJ’s Wholesale Club, Bluebird Bio, Domino’s Pizza, eBay, Foot Locker, Kohl’s, Nasdaq, Salesforce, Snowflake, Southern, Teradyne, UDR and ZTO Express. Analyst calls seen later in the day were on Canadian National Railway, Cardinal Health, Coupa Software, DocuSign, Gritstone Bio, United Parcel Service and more.
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