Everest Re Group Ltd. (NYSE: RE): Raymond James started coverage with an Outperform rating and a $385 target price. That compares with the $395.33 consensus target and Thursday’s closing share price of $341.43.
FedEx Corp. (NYSE: FDX): Citigroup’s upgrade to Buy from Neutral included a target price hike to $240 from $190. The consensus target is $195.93. The stock closed over 6% higher on Thursday at $214.52 on management and headcount cuts.
First Solar Inc. (NASDAQ: FSLR): BofA Securities downgraded the stock to Neutral from Buy. The analyst also trimmed the $196 target price to $195, well above the $173.03 consensus target. Thursday’s close at $168.67 was down almost 7% for the day on the downgrade.
Fortinet Inc. (NASDAQ: FTNT): BMO Capital Markets downgraded the stock to Market Perform from Outperform and lowered its $58 target price to $57. The consensus target is $64. The stock closed almost 2% higher on Thursday at $53.85.
Globant S.A. (NYSE: GLOB): HSBC Securities initiated coverage with a Buy rating and a $240 price target. The consensus is $236.60. The stock closed trading Thursday at $178.26, a gain of close to 7% on the positive analyst coverage.
GXO Logistics Inc. (NYSE: GXO): Exane BNP Paribas’s downgrade was from Neutral to Underperform with a $45 target price. The consensus target is $59.19. The shares ended Thursday trading at $55.41 apiece.
Energy Continues to Crush Analysts Expectations: 5 ‘Strong Buy’ Stocks With 8% and Higher Dividends
Hasbro Inc. (NASDAQ: HAS): Citing cost-cutting and a weakening outlook, Zacks selected this toy maker as its Bear of the Day stock. Its shares have traded as high as $105.13 in the past year but closed most recently at $63.25. That is down more than 19% in the past six months.
Ingevity Corp. (NASDAQ: NGVT): Loop Capital upgraded the stock to Buy from Hold. It also raised its $81 target price to $100, but the consensus target is up at $195.93. Thursday’s close at $86.95 was up close to 5% for the day on the upgrade.
Meta Platforms Inc. (NASDAQ: META): Piper Sandler boosted its Neutral rating to Overweight and its $136 target price to $215. The Neutral rating at BofA Securities is now at Buy, and the target price increased to $220 from $160. Rosenblatt’s upgrade to Buy from Neutral included a price objective bump from $104 to $220. The consensus target is $157.85 for now. The stock closed on Thursday at $188.77, which was up 23% after the company posted outstanding numbers and announced a massive buyback.
NanoString Technologies Inc. (NASDAQ: NSTG): B. Riley Securities resumed coverage with a Buy rating and a $30 target price. The consensus target is just $16.83. The shares ended Thursday’s session trading at $12.57, which was up close to 11% on the analyst call.
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