Investing
Futures were higher on Wednesday, after a brutal start to the holiday-shortened trading week. Rising interest rates are again a major reason for the big risk reduction step, and that was accompanied by some Wall Street experts warning of four or more interest increases this year, including the potential for a 50 basis point (half a percentage point) move in March, avalanche sales began.
Interest rates rose across the Treasury yield curve as sellers controlled the day, both the five-year and 10-year notes closing their respective yields at 52-week highs.
Many on Wall Street continue to focus on large increases in energy and food costs and other revolving inflation issues. While strategists and economists are split on when the current inflation surge will subside, ongoing supply chain concerns and stagflation worries remain front and center, and this is until price increases start to subside.
24/7 Wall St. reviews. dozens of analyst research reports every day of the week with the goal of finding new ideas for investors and traders. Some of this analyst’s daily calls cover stocks to buy. Other calls cover stocks to be sold or avoided. Note that no one analyst call should be used as the basis for buying or selling a stock. The consensus analyst’s target data is from Refinitiv.
These are the top upgrades, downgrades, and startups the analyst saw on Wednesday, January 19, 2022.
Activision Blizzard Inc. (NASDAQ: ATVI): MKM Partners upgraded the stock to Neutral from Sell and raised the target price to $ 95 from $ 54. The target consensus on Wall Street is $ 92.27. Microsoft is buying the video game giant for nearly $ 69 billion in a massive metaverse play. Activision’s last trade on Tuesday came in at $ 82.31 a share, up nearly 26% for the day.
Acushnet Holdings Corp. (NYSE: GOLF): Compass Point upgraded the stock to Buy from Neutral and has a $ 56 target price. The target consensus is $ 54.88. The last trade to hit the tape on Tuesday was at $ 47.91.
AutoNation Inc. (NYSE: AN): Wells Fargo began coverage on auto retailer stock with an Overweight rating and a $ 135 price target. That compares with Tuesday’s higher $ 155.13 target agreed and final print of $ 109.52.