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Futures were higher on Thursday, after another fierce day across Wall Street when people at risk finally thought they had a winning rally, but again it was a total comeback on the last day. All major indexes closed except the Nasdaq, which gained little after the Federal Reserve confirmed that rate increases would begin in March and continue throughout the year and the massive balance sheet carried by the Fed would begin to turn. roll off. Although there have been some solid earnings reports after last week’s disappointing numbers, and a very oversold market posture, the path of least resistance looks like it’s heading towards the downside.
A big positive for investors and the economy is that the rise of Omicron cases is coming out to throb and start to go down. The corporate stock buyback window is starting to open back up, and that could put a supportive bid at the bottom of the market. Some strategists even noticed this week that stocks performed well against the inflation backdrop and the prospect of continued rate increases.
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 Thursday, January 27, 2022.
Applied Materials Inc. (NASDAQ: AMAT): KeyBanc Capital Markets has launched coverage of the legacy semiconductor capital equipment giant with a Sector Weight rating. Over the past 52 weeks, the stock has traded between $ 96.07 and $ 167.06, and it has a $ 173.22 target consensus. Wednesday’s trading close was reported at $ 135.58.
Bloom Energy Corp. (NYSE: BE): Susquehanna started coverage with a Neutral rating and $ 16 target price. The consensus target is higher at $ 30.30. Last trading on Wednesday was reported at $ 14.49, down nearly 5% for the day.
CH Robinson Worldwide Inc. (NASDAQ: CHRW): Barclays downgraded the stock to Equal Weight from Overweight and has a $ 108 target price. The target consensus is $ 107.35. The shares closed Wednesday at $ 102.65.
Church & Dwight Co. Inc. (NYSE: CHD): Credit Suisse downgraded the stock from Outperform to Neutral with a $ 105 target price. The target consensus is $ 95.73. The closing price of the share on Wednesday was $ 98.95.
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