Apple, Best Buy, Coinbase, CrowdStrike, Intuit, Lululemon, Petco Health, Teladoc Health, Toast and More – 24/7 Wall St.


Futures traded higher on Thursday, after a big risk-off day on Wall Street when all major indexes posted solid gains. Much of Wall Street is focused on Federal Reserve minutes, and while the release has added some new color, the most promising is that the Fed seems to be flexible with interest increases going forward and they can come faster. It noted, upcoming 50-basis-point rate hikes for June and July have already been considered.

Strategists indicated that some positives for the risk-on crowd included very strong investor sentiment. The peak inflation narrative, which typically says we are close to or perhaps on top of large energy and food price increases, may have helped to provide a tailwind. That narrative can be a dream.

Treasury yields were flat across the curve, while the rush on safe-haven securities eased. Brent and West Texas Intermediate crude was slightly higher yesterday, but the meteoric rise in natural gas continued to close the commodity at the $ 9 level for the first time since 2008. While gold closed lower, Bitcoin was slightly higher.

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 single 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 Thursday, May 26, 2022.

Agilent Technologies Inc. (NYSE: A): Goldman Sachs has maintained a Buy rating on the stock and has a $ 170 target price. The shares traded as high as $ 179.57 last year but recently closed at $ 120.38, down more than 3% on Wednesday after reporting only inline results.

Align Technology Inc. (NASDAQ: ALGN): The manufacturer of this medical device has been selected as Zacks Bear of the Day. The analyst suggests that the bears continue to show big smiles when looking at this stock. The shares traded as high as $ 737.45 last year but recently closed at $ 276.57, down about 58% year to date.

Apple Inc. (NASDAQ: AAPL): Although Loop Capital reiterated a Buy rating on the technology heavyweight, it cut its $ 210price target to $ 180. The target consensus is $ 189.73. The stock closed Wednesday at $ 140.52.

READ ALSO: Legendary Wall Street Strategist Says Buy Defensive Value Now: 9 Dividend Stocks Fit the Bill

Best Buy Inc. (NYSE: BBY): Goldman Sachs lowered its $ 96 target price on electronics retail leader to $ 82 while maintaining a Sell rating on shares. The consensus target rose to $ 107.86. The stock closed nearly 9% higher on Wednesday at $ 80.06. The company admitted during a earnings call this week that its future could be difficult.

Casey’s General Stores Inc. (NASDAQ: CASY): Wells Fargo started coverage with an Overweight rating and a $ 240 price target. The target consensus is $ 237. The stock closed at $ 203.03 on Wednesday.

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