Thursday’s Top Analyst Upgrades and Downgrades: AutoZone, CrowdStrike, Estee Lauder, Morgan Stanley, Nvidia, Western Digital and More – Page 2

Investing

September 22, 2022 8:43 am

Last Updated: September 22, 2022 9:24 am

Omnicell Inc. (NASDAQ: OMCL): BofA Securities reiterated a Buy rating with a $115 target price. That compares with the higher $148.20 consensus target and Wednesday’s closing print of $90.82.

Oxford Industries Inc. (NYSE: OXM): Citigroup raised its Sell rating to Neutral and boosted the $92 target price to $105. The consensus target is up at $119.80. Wednesday’s close was at $92.19.

PBF Energy Inc. (NYSE: PBF): J.P. Morgan upgraded the stock to Overweight from Neutral and has a $43 target price. The consensus target is $40.70. The shares closed on Wednesday at $29.60.

RAPT Therapeutics Inc. (NASDAQ: RAPT): Capital One initiated coverage with an Overweight rating and a $48 target price. The consensus target is $46. The stock closed down almost 3% on Wednesday at $23.55.

Sterling Check Corp. (NASDAQ: STER): Needham began coverage with a Buy rating and a $27 target. The consensus target is $25.63. The shares closed on Wednesday at $20.35.

TechnipFMC PLC (NYSE: FTI): Exane BNP Paribas raised its Neutral rating to Outperform and has a $14.50 target. The consensus target is $9.24. The stock closed on Wednesday at $9.04.

Trupanion Inc. (NASDAQ: TRUP): Jefferies initiated coverage with a Buy rating and a $77 target price. The consensus target is $85.86. Due to the upgrade, the stock closed almost 3% higher on Wednesday at $64.97.

Weatherford International PLC (NASDAQ: WFRD): Goldman Sachs raised its $30 price target on the Buy-rated shares to $38. The consensus target is up at $46.75. The stock closed on Wednesday at $30.15, down almost 5% on the day, likely due to the weak overall market tape.

ALSO READ: 7 ‘Strong Buy’ Defensive Dividend Stocks to Grab Now as Markets May Return to June Lows

Western Digital Corp. (NASDAQ: WDC): Mizuho downgraded the hard-disk-drive giant to Neutral from Buy, and it cut the $62 target price to $40. The consensus target for now is $70. The stock closed on Wednesday at $34.78, down 2% on the day.

Wolfspeed Inc. (NYSE: WOLF): Canaccord Genuity resumed coverage with a Buy rating and a $140 target price. The consensus target is just $116.22. The stock was last seen on Wednesday trading at $120.13.

Xencor Inc. (NASDAQ: XNCR): J.P. Morgan began coverage with an Overweight rating and a $37 target. The consensus target is higher at $49. The last trade on Wednesday was for $26.95 a share.

Seven well-known stocks that have been hammered for one reason or another also have substantial dividends. So any nimble investors who take advantage of the outstanding entry points will be paid to wait for the stocks to recover.

Wednesday’s top analyst upgrades and downgrades included AutoZone, EOG Resources, Etsy, Huntsman, Luminar Technologies, Nike, Norwegian Cruise Lines, PayPal, Pioneer Natural Resources, Western Digital and Weyerhaeuser.

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