Markets were fairly positive to start out the day, with all the major indexes up roughly 0.6% thus far. This all comes in anticipation of the Federal Reserve\u2019s announcement of a 50-basis-point interest rate increase coming in the afternoon.<\/p>\n
The move is expected to shift the federal funds rate to the range of 4.25% to 4.50%, which would be the highest level we have seen since December 2007.<\/p>\n
Note that this decision follows the most recent consumer price index (CPI) print, in which the index rose at an annual 7.1%, less than the 7.3% consensus estimate. November\u2019s CPI came in under October as well, signaling an overall slowing of inflation.<\/p>\n
Here, 24\/7 Wall St. is reviewing additional analyst calls seen on Wednesday. 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 included American Express, Disney, Etsy, PayPal, Philip Morris, Pinterest, Robinhood and more.<\/p>\n
AutoZone Inc. (NYSE: AZO): BofA Securities downgraded the stock to Underperform from Neutral. The 52-week trading range is $1,703.32 to $2,610.05. Shares changed hands near $2,388 apiece on Wednesday.<\/p>\n
Best Buy Co. Inc. (NYSE: BBY): BofA Securities cut its Neutral rating to Underperform and lowered its $80 price target to $69. The shares traded near $82 on Wednesday. The 52-week range is $60.79 to $112.96.<\/p>\n
Caesars Entertainment Inc. (NASDAQ: CZR): The BofA Securities downgrade to Neutral from Buy included a price target cut to $55 from $60. The shares traded near $51 on Wednesday. The 52-week range is $31.31 to $97.39.<\/p>\n
Darden Restaurants Inc. (NYSE: DRI): As Wedbush upgraded the shares to Outperform from Neutral, it also raised its $134 price target to $160. Shares have traded as high as $155.25 in the past year but were changing hands near $145 on Wednesday.<\/p>\n
Datadog Inc. (NASDAQ: DDOG): Oppenheimer’s upgrade from Perform was to Outperform with a $105 price target. The stock traded near $81 on Wednesday, in a 52-week range of $66.45 to $186.28.<\/p>\n
Digital Realty Trust Inc. (NYSE: DLR): Wells Fargo cut its Overweight rating to an Equal Weight, and its $120 price target dropped to $115. Exane BNP Paribas started coverage with a Neutral rating and a $128 price target. The stock was last seen trading near $108, in a 52-week range of $85.76 to $178.22.<\/p>\n
Hilton Worldwide Holdings Inc. (NYSE: HLT): The Buy rating at Citigroup has dropped to Neutral. The analyst also trimmed the $150 price target to $148. The stock has traded as high as $167.99 a share in the past year but was last seen at around $136. That is down 11% year to date.<\/p>\n
Lennar Corp. (NYSE: LEN): Barclays upgraded the stock to Overweight from Equal Weight and raised its $85 price target to $116. The stock has traded as high as $147.70 in the past year but was last seen near $109. That is up 22% year to date.<\/p>\n
Marriott International Inc. (NASDAQ: MAR): Note that Citigroup’s downgrade to Neutral from Buy came with a price target hike to $175 from $170. The 52-week trading range is $131.01 to $195.90. Shares changed hands near $161 apiece on Wednesday.<\/p>\n
Moderna Inc. (NASDAQ: MRNA): The Chardan Capital Markets downgrade to Neutral from Buy included a price target hike from $186 to $191. The stock traded near $210 on Wednesday, in a 52-week range of $115.03 to $321.30.<\/p>\n
PENN Entertainment Inc. (NASDAQ: PENN): As BofA Securities cut its Buy rating to Neutral, it also lowered its $45 price target to $40. Shares traded near $34 on Wednesday, in a 52-week range of $25.49 to $53.36.<\/p>\n
SolarEdge Technologies Inc. (NASDAQ: SEDG): Barclays upgraded the shares to Overweight from Equal Weight, and its $389 price target increased to $396. The stock traded near $340 on Wednesday, in a 52-week range of $190.15 to $375.90.<\/p>\n \t\t\t\t