PulteGroup Inc. (NYSE: PHM): Wolfe Research upgraded the builder to Outperform from Peer Perform. Its $64 target price compares with a $66.09 consensus target and Wednesday’s close at $55.93.
Roper Technologies Inc. (NYSE: ROP): J.P. Morgan upgraded the shares to Neutral from Underweight. The analyst also boosted the $385 target price to $420, though the consensus target is $494.72. The stock closed on Wednesday at $428.58.
Ross Stores Inc. (NASDAQ: ROST): Loop Capital lifted its Hold rating to Buy and boosted its $105 price target to $115. The consensus target is $123.71, Wednesday’s close was at $102.61.
Semtech Corp. (NASDAQ: SMTC): The B. Riley Securities upgrade to Buy from Neutral came with a target price hike to $52 from $34. The consensus target is $44.63. The stock closed on Thursday at $31.99, up almost 4% on the day.
Spotify Technology S.A. (NYSE: SPOT): Guggenheim upgraded the shares to Buy from Neutral, and it lifted its $120 target price to $155. The consensus target is $128.39. The last trade on Wednesday was for $128.20 a share.
Sunstone Hotel Investors Inc. (NYSE: SHO): Compass Point’s downgrade was to Sell from Neutral, and its $12 target price is now $9. The consensus target is $10.75. The shares closed at $9.03 on Wednesday.
Transocean Ltd. (NYSE: RIG): Compass Point’s Neutral rating rose to Buy with a $7.50 target. The consensus target is $6.65. The final trade on Wednesday was reported at $6.03.
Viking Therapeutics Inc. (NASDAQ: VKTX): Stifel reiterated a Buy rating with a $22 target price. The consensus target is $19.50. Wednesday’s close was at $9.58.
Warner Music Group Corp. (NYSE: WMG): As Guggenheim upgraded the stock to Buy from Neutral, it bumped its $35 target price to $36. The consensus target is $38.33. The stock closed on Wednesday at $30.87.
With oil selling off recently but demand poised to surge later in the year, seven top dividend-paying energy infrastructure stocks could be great total return buys now.
See why one short seller has taken a contrarian stance on a key lithium miner.
Wednesday’s top analyst upgrades and downgrades included Alphabet, Danaher, Emerson Electric, Foot Locker, GoDaddy, Harley-Davidson, Meta Platforms, New York Community Bancorp, Nvidia, Prologis, Rio Tinto, Simon Property and Vornado Realty Trust.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.