Investing
Tuesday's Top Analyst Upgrades and Downgrades: Apple, Citigroup, JPMorgan, Kroger, Livent, Salesforce, SunPower and More
October 18, 2022 8:53 am
Last Updated: October 18, 2022 9:08 am
News Corp. (NASDAQ: NWSA): Loop Capital’s downgrade to Hold from Buy included a target price cut to $17 from $30. The consensus target is $27.03. Monday’s close was at $16.13.
Prologis Inc. (NYSE: PLD): Though Scotiabank upgraded the shares to Sector Outperform from Sector Perform, it lowered its $137 price objective to $116. The consensus target is higher at $147.29. The stock closed almost 6% higher on Monday at $105.23.
Radian Group Inc. (NYSE: RDN): Keefe Bruyette raised the stock to Outperform from Market Perform but trimmed the $27 target price to $25. The consensus target is $25.94. The stock closed on Monday at $19.27.
Salesforce Inc. (NYSE: CRM): Northland Capital started coverage with a Market Perform rating and a $150 target price. The $222.20 consensus target is also well above Monday’s closing print of $147.18, after a 3% gain on the day.
SunPower Corp. (NASDAQ: SPWR): Susquehanna initiated coverage with a Positive rating. Its $25 target price compares with the $22.65 consensus target and Monday’s close at $16.79.
TPG Inc. (NASDAQ: TPG): Jefferies initiated coverage with a Hold rating and a $40 target price. The consensus target is $33. The stock closed on Monday at $28.16.
Wesco International (NYSE: WCC): The Jefferies upgrade to Buy from Hold included a target price bump to $150 from $148. The consensus target is up at $173.56. The stock closed Monday at $124.72, up almost 6% for the day on the upgrade.
Westlake Corp. (NYSE: WLK): Deutsche Bank’s downgraded was to Hold from Buy, and it lowered its $100 price target to $95. The consensus target is $105.11. The stock closed on Monday at $92.67.
XPO Logistics Inc. (NYSE: XPO): Deutsche Bank downgraded the stock to Hold from Buy and slashed the $78 target price to $50. The consensus target is $78.57. The stock’s $48.48 close on Monday was up over 3% for the day.
Three top oil exploration and production leaders have variable dividend plans, meaning they increase payments to shareholders when oil prices are higher. Their stocks have dropped dramatically since the summer, and they look poised for big total return potential in 2023.
Monday’s early top analyst upgrades and downgrades included Coca-Cola, Datadog, Domino’s Pizza, Enphase Energy, Harley-Davidson, Johnson & Johnson, Liberty Global, Microsoft, Nasdaq, Nike, Tesla and Workday. Analyst calls seen later in the day were on Albertsons Companies, Apple, Clorox, Cloudflare, Fox, Kroger, Opendoor Technologies, Petrobras and more.
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