RXO Inc. (NYSE: RXO): BofA Securities initiated coverage with a Buy rating. Its $22 price target is the same as the consensus target. The stock closed over 4% higher on Wednesday at $19.00.
Seagen Inc. (NASDAQ: SGEN): Oppenheimer maintained an Outperform rating with a $188 target price after meeting with new CEO David Epstein, who ran the Novartis oncology business. The consensus target is $164.90. Wednesday’s $121.39 close was up nearly 4% on the day.
Shopify Inc. (NYSE: SHOP): Jefferies reiterated a Buy rating after the company posted glowing numbers for the Black Friday/Cyber Monday shopping period. The analysts have a $40 target, while the consensus target is $40.65. The shares closed Wednesday at $40.88, a gain of over 10% on the day.
Southwest Gas Holdings Inc. (NYSE: SWX): BofA Securities downgraded the stock to Neutral from Buy and lowered its $87 target price to $65. The consensus target is $80.20. The final trade on Wednesday at $68.46.
S&P Global Inc. (NYSE: SPGI): Stifel reiterated a Buy rating and raised its $369 target price to $407. The consensus target is $388.18. Wednesday’s close was at $352.80.
Sprouts Farmers Market Inc. (NASDAQ: SFM): Goldman Sachs raised its $26 target price on the Sell-rated stock to $29. The consensus target is $31.77. The shares closed on Wednesday at $34.33.
UnitedHealth Group Inc. (NYSE: UNH): Oppenheimer reiterated an Outperform rating with a $610 target price. That compares with the $595.30 consensus target and Wednesday’s closing print of $547.76.
As Wealthy Consumers Trade Down, 6 ‘Strong Buy’ Dividend Stocks May Be Big Holiday Winners
United Natural Foods Inc. (NYSE: UNFI): Goldman Sachs raised its $40 target price on the Neutral-rated stock to $45. The consensus target is $49.00. The stock closed almost 4% higher on Wednesday at $547.76.
Workday Inc. (NASDAQ: WDAY): Goldman Sachs reiterated its Buy rating after the company posted solid results. Its $230 target price is well above the $202.64 consensus target. Wednesday’s close at $167.90 was up over 17% for the day on the earnings release.
XPO Logistics Inc. (NYSE: XPO): Citigroup resumed coverage with a Neutral rating and a $42 target price. The consensus target is $62.18. Wednesday’s close was at $38.62.
The holiday shopping season is off to a strong start, and five companies have shined the brightest so far. It is a good bet that Amazon, Walmart and these other top stocks will end up in the winners’ circle come the new year.
Wednesday’s top analyst upgrades and downgrades included APA, Delta Air Lines, Generac, Lululemon Athletica, Microchip Technology, Paccar, Philip Morris International, Pinduoduo, Shopify, Taboola.com and Welltower.
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