Lucid Group Inc. (NASDAQ: LCID): R.F. Lafferty initiated coverage with a Buy rating and a $19 target. The consensus target is $26.58. The electric vehicle maker’s stock closed Monday at $16.55, which was up almost 10% for the day, perhaps on the upgrade.
Monday.com Ltd. (NASDAQ: MNDY): Loop Capital initiated coverage with a Buy rating and a $175 price objective. That compares with the $188 consensus target and Monday’s closing print of $140.36, which was up almost 8% on the day, perhaps on the initiation.
Newmont Corp. (NYSE: NEM): Goldman Sachs initiated coverage with a Buy rating and a $53 target price. That compares with the curiously high $115.03 consensus target. The shares closed Monday at $43.95.
Okta Inc. (NASDAQ: OKTA): Oppenheimer maintained an Outperform rating with a $115 target. The consensus target is $112.67. The last trade for Monday hit the tape at just $64.80.
PTC Therapeutics Inc. (NASDAQ: PTCT): Jefferies started coverage with a Buy rating and a $62 target price. The consensus target is $54.64. The stock closed at $53.07 on Monday.
Starbucks Corp. (NASDAQ: SBUX): Baird maintained a Neutral rating with an $86 target on the ubiquitous coffee retailer in front of next week’s investors meeting. The consensus target is $93.40. The last trade on Monday was reported at $89.07.
Telos Corp. (NASDAQ: TLS): Wedbush raised its Neutral rating to Outperform with a $15 target price. The consensus target is $42.71 for now. The stock closed Monday at $11.55, which was a 6% gain on the day.
Union Pacific Corp. (NYSE: UNP): BofA Securities upgraded the railroad giant to Buy from Neutral and has a $260 price objective. The consensus target is $241.50. The shares were last seen on Monday trading at $234.19.
Vale S.A. (NYSE: VALE): The RBC Capital Markets upgraded was to Outperform from Sector Perform, and the firm bumped its target price to $16 from $15. The consensus target is $18.06. The stock closed on Monday at $13.78.
Given record inflation and rising interest rates, buying stocks that will pay dependable dividends until the economic mess is sorted out makes total sense now. Seven surprising stocks can withstand inflation, come with fat dividends and are rated Buy by top Wall Street firms.
Monday’s early top analyst upgrades and downgrades included Adobe, Carvana, Goldman Sachs, Hudson Pacific Properties, Moderna, Take-Two Interactive Software and T-Mobile. Analyst calls seen later in the day were on APA, Barrick Gold, Canadian National Railway, Canadian Pacific Railway, Livent, Newmont, Occidental Petroleum, Roblox and more.
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