Investing
Monday’s Top Analyst Upgrades and Downgrades: Alibaba Group, Coinbase Global, General Motors, HP, Kohl’s, and More
November 21, 2022 8:42 am
Last Updated: November 21, 2022 8:59 am
LPL Financial Holdings Inc. (NASDAQ: LPLA) Jefferies reiterated a Buy rating on the broker dealer and has a $290 target price. The consensus target is set lower at $277. The stock closed Friday at $218.22.
Merck & Co. (NYSE: MRK) Credit Suisse started coverage with an Outperform rating and a $120 target price. The consensus is set at $109.48. The last trade on Friday came in at $104.23.
Palo Alto Networks, Inc. (NASDAQ: PANW) Oppenheimer raised its target price on the cyber security giant to $220 from $200 and reiterated an Outperform rating. That compares with the consensus target of $215.70 and Friday’s closing print of $167.38, up 7% after posting solid results for the quarter.
The Procter & Gamble Company (NYSE: PG) BofA Securities reiterated a Buy rating on the consumer staples heavyweight with a $170 target price. That is versus the $146.06 consensus target and Friday’s closing print of $142.57.
Rockwell Automation, Inc. (NYSE: ROK) BofA Securities reiterated a Buy rating on the stock to go with a $275 target price objective. The consensus target is set at $240.90. The shares were last seen Friday at $264.74.
Ross Stores, Inc. (NASDAQ: ROST) Goldman Sachs raised its target price on the company to $119 from $104 while maintaining a Buy rating on the stock. The consensus target is set at $101.69. The shares closed Friday at $107.59, up almost 10% after posting an earnings beat and a strong outlook.
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