Investing
Wednesday's Top Analyst Upgrades and Downgrades: Broadcom, Clean Energy Fuels, Dish Network, Occidental Petroleum, Workday and More
March 1, 2023 8:48 am
Last Updated: March 1, 2023 9:56 am
MaxLinear Inc. (NASDAQ: MXL): Exane BNP Paribas initiated coverage with an Underperform rating and a $30 target. The consensus target is up at $49.10. Tuesday’s close was at $34.21.
Occidental Petroleum Corp. (NYSE: OXY): Raymond James reiterated a Strong Buy rating on the energy heavyweight. Its $80 target price tops the $75.20 consensus target and Tuesday’s close at $58.56.
PROG Holdings Inc. (NYSE: PRG): Jefferies reiterated a Buy rating and has a $31 target price. The consensus target is $31.00. The last trade for Tuesday came in at $24.72.
Revolution Medicines Inc. (NASDAQ: RVMD): J.P. Morgan upgraded the stock to Overweight from Neutral. The analyst also lifted the $32 target price to $38, which is still less than the $39.67 consensus target. The shares closed almost 10% on Thursday at $26.76 after revenues topped estimates.
TransDigm Group Inc. (NYSE: TDG): BofA Securities reiterated a Buy rating and boosted its $770 target price to $890. The consensus target is $789.88. The stock closed on Tuesday at $743.87.
Veeva Systems Inc. (NASDAQ: VEEV): Stifel reiterated a Buy rating with a $212 target price. The consensus target is $208.27. The stock closed at $165.66 on Tuesday.
Workday Inc. (NASDAQ: WDAY): Cowen reiterated an Outperform rating and raised its $225 target price to $230. Barclays reiterated an Overweight rating while trimming its target price to $216 from $220. Stifel maintained a Buy rating, and its $185 target price is now $210. The consensus target is $203.67. The shares closed on Tuesday at $185.47.
As top tech stocks continue to stumble, are new leaders in the sector offering some bigger and better growth potential? Five Goldman Sachs Conviction List picks could be poised to lead the way for the rest of the year.
Tuesday’s top analyst upgrades and downgrades included American Tower, Best Buy, Dominion Energy, Intuit, NetEase, Shell, Southwest Airlines, State Street and Union Pacific.
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