Markets were mixed on Thursday with the Dow edging out a slight gain, while the Nasdaq was absolutely crushed with a 2% loss going into the close. Separately, the S&P 500 was in the red as well, with a loss of nearly 1%. This all comes after the Fed\u2019s decision on Wednesday to ramp up the pace of its taper and leave interest rates unchanged\u2014at least for now.<\/p>\n
24\/7 Wall St. is reviewing some big analyst calls seen on Thursday. We have included the latest call on each stock, as well as a recent trading history and the consensus targets among analysts. Note that analyst calls seen earlier in the day were on Airbnb, Citigroup, KeyCorp, McDonald\u2019s, Netflix, Peloton and more.<\/p>\n
Apollo Global Management Inc. (NYSE: APO): Wells Fargo initiated coverage with an Overweight rating and a $91 price target. BofA Securities also started with an Underperform rating with a $78 price target. Shares were last seen near $69 on Thursday, and they have a 52-week range of $45.40 to $81.07.<\/p>\n
Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI): Raymond James upgraded to an Outperform rating from Market Perform. Shares were trading around $28 on Thursday, and the consensus target price is $28.00.<\/p>\n
AT&T Inc. (NYSE: T): Morgan Stanley upgraded to an Overweight rating from Equal Weight and cut the price target to $28 from $32. The 52-week trading range is $22.02 to $33.88, and shares were last seen near $24.<\/p>\n
BioNTech SE (NASDAQ: BNTX): Morgan Stanley started with an Equal Weight rating and a $294 price target. The 52-week trading range is $80.55 to $464.00, and shares were last seen near $283.<\/p>\n
Booking Holdings Inc. (NASDAQ: BKNG): RBC Capital Markets upgraded to an Outperform rating from Sector Perform with a $2,700 price target. The consensus price target is $2,711.89, and shares were trading near $2,160 apiece.<\/p>\n
Chewy Inc. (NYSE: CHWY): Citigroup reiterated a Neutral rating and cut the price target to $61 from $66. Shares were last seen near $53 on Thursday, and they have a 52-week range of $50.05 to $120.00.<\/p>\n
Cigna Corp. (NYSE: CI): Morgan Stanley downgraded to an Equal Weight rating from Overweight and cut the price target to $238 from $255. Shares were trading around $219 on Thursday, and the 52-week range is $190.88 to $272.81.<\/p>\n
Canadian National Railway Co. (NYSE: CNI): Vertical Research downgraded to a Hold rating from Buy. Shares were trading around $129 on Thursday, and the consensus target price is $124.18.<\/p>\n
DocuSign Inc. (NASDAQ: DOCU): Morgan Stanley downgraded to an Equal Weight rating from Overweight and cut the price target to $165 from $350. Shares were trading around $148 on Thursday, and the 52-week trading range is $131.51 to $314.76.<\/p>\n
Ford Motor Co. (NYSE: F): Wells Fargo reiterated an Overweight rating and raised the price target to $25 from $19. Shares were last seen near $20 on Thursday, and they have a 52-week range of $8.43 to $21.49.<\/p>\n
General Motors Co. (NYSE: GM): Wells Fargo reiterated an Overweight rating and raised the price target to $74 from $67. The consensus price target is $72.80, and shares were trading near $58 apiece.<\/p>\n
Lowe\u2019s Companies, Inc. (NYSE: LOW): Jefferies reiterated a Buy rating and raised the price target to $300 from $290. Evercore ISI reiterated an In Line rating and raised the price target to $265 from $260. Guggenheim reiterated a Buy rating and raised the price target to $300 from $275. Shares were trading around $255 on Thursday, and the consensus target price is $272.70.<\/p>\n
Medtronic PLC (NYSE: MDT): Wells Fargo downgraded to an Equal Weight rating from Overweight and cut the price target to $110 from $137. Shares were trading around $102 on Thursday, and the 52-week range is $101.24 to $135.89.<\/p>\n
Shopify Inc. (NYSE: SHOP): Evercore ISI upgraded to an Outperform rating from In Line with a $1,770 price target. Shares were last seen near $1,320 on Thursday, and they have a 52-week range of $1,005.14 to $1,762.92.<\/p>\n
Toast Inc. (NYSE: TOST): Morgan Stanley upgraded to an Overweight rating from Equal Weight rating but cut the price target to $53 from $63. Shares were trading around $33 on Thursday, and the consensus target price is $61.00.<\/p>\n
Zoom Video Communications Inc. (NASDAQ: ZOOM): Goldman Sachs started with a Neutral rating and a $200 price target. Shares were trading around $181 on Thursday, and the 52-week trading range is $174.66 to $451.77.<\/p>\n
Many across Wall Street feel that the place to be when inflation rears its ugly head is in commodities and real estate. Six Buy-rated stocks have sizable and reliable dividends and distributions, making them attractive in a risky and overbought stock market.<\/p>\n