Friday's Top Analyst Upgrades and Downgrades: Block, Cisco, Hertz, Nvidia, Phillips 66, Splunk, Target, Walmart and More

Splunk Inc. (NASDAQ: SPLK): BofA Securities maintained a Buy rating while lowering its $122 target price to $110. The consensus target for the big data giant is $123.75. The stock closed almost 4% lower on Thursday at $78.25.

Target Corp. (NYSE: TGT): Though Goldman Sachs maintained a Buy rating, the analyst cut the $205 target price to $175. The consensus target is $187.10. Thursday’s close at $162.01 was up 4% on the day after Piper Sandler upgraded the shares to Buy from Hold.

TJX Companies Inc. (NYSE: TJX): Goldman Sachs increased its $71 target price to $80 but maintained a Neutral rating on the discount retailer. The consensus target is $81.27. The stock closed on Thursday at $77.99.

Unity Software Inc. (NYSE: U): Stifel raised its $30 target price to $40 as it reiterated a Buy rating. The consensus target is $38.09. The stock closed on Thursday at $33.80.

Walmart Inc. (NYSE: WMT): Oppenheimer reiterated a Buy rating with a $165 price objective. The consensus target is just $158.27. Thursday’s final share price was $148.00.

Workday Inc. (NASDAQ: WDAY): BofA Securities lowered its $220 target price on the Buy-rated shares to $200. That compares with the $209.40 consensus target and Thursday’s closing print of $148.81, which was down over 4% on the day.

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM): Jefferies reiterated a Hold rating with a $55 target price. The consensus target is lower at $43.34. Despite earnings that exceeded expectations, on Thursday the stock closed over 5% lower at $25.57.

ZoomInfo Technologies Inc. (NASDAQ: ZI): Stifel lowered its $50 price target to $40 but maintained a Buy rating. The consensus target is $52.53. The shares were last seen on Thursday trading at $26.17. That was down close to 4% on the day after the company offered a disappointing outlook for 2023.

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Thursday’s early top analyst upgrades and downgrades included Emerson Electric, Estee Lauder, Home Depot, Lithium Americas, Lowe’s Companies, Micron Technology, Qualcomm, Seagate Technology, Tencent Music Entertainment, Texas Instruments and Walmart. Analyst calls seen later in the day were on Advance Auto Parts, AppLovin, Nio, Norfolk Southern, Norwegian Cruise Line, Quest Diagnostics, Salesforce, Sprouts Farmers Market, Target, Workday and more.

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