Investing
Futures were lower on Wednesday, after a solid risk-on rally took delivery on Tuesday, in which all major indexes and transports closed higher. Market experts pointed to the positive progress in the Russia-Ukraine ceasefire talks as one of the positives, with large corporate buybacks also adding strength. The S&P 500 has risen more than 10% over the past 11 trading days, which has only happened twice since 2009. At the end of the quarter on Thursday, all eyes were now focused on Friday’s nonfarm payroll report. . Analysts are looking for 450,000 jobs to be added, after the last two reports came in very strong.
Yields across the Treasury curve were lower, likely as a result of quarter -end purchases from institutional accounts. Again, Brent and West Texas Intermediate crude closed lower, and gold fell back to the $ 1,900 per ounce level.
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, March 30, 2022.
Adobe Inc. (NASDAQ: ADBE): Exane BNP Paribas kicked off the tech giant’s range with an Outperform rating and $ 570 target price. The target consensus is $ 568.12. Last trading on Tuesday was reported at $ 466.33.
Amazon.com Inc. (NASDAQ: AMZN): Exane BNP Paribas kicked off retail coverage and technology colossus with an Underperform rating and $ 2,800 target price. The consensus price target rose to $ 4,098, and the stock closed Tuesday at $ 3,386.30.
Carnival Corp. & PLC (NYSE: CCL): Jefferies reiterated the Cruise line operator’s Neutral rating and $ 19 price target. The shares traded as high as $ 31.52 last year but closed Tuesday at $ 19.93.
Chewy Inc. (NYSE: CHWY): Baird reiterated an Outperform rating with a $ 65 target price. The consensus target is higher at $ 70.57. The closing price of the share on Tuesday was $ 50.99, up close to 5% for the day.
Clorox Co. (NYSE: CLX) Goldman Sachs cut the $ 145 target price on the consumer staples giant to $ 127, while maintaining a Sell rating. The target consensus is $ 143.27. The stock ended Tuesday at $ 139.71.
DocGo Inc. (NASDAQ: DCGO): Zacks named this mobile health and medical transport services provider as its Bull of the Day stock. The analyst makes the case that it could change the way we think about non-emergency health care. The shares last closed at $ 8.95 each and have a consensus target price of $ 14.80, which will be the highest of all time.