The futures are trading higher on Tuesday after a slow start to the holiday-shortened trading week. All of the major indices closed lower Monday, and one of the main reasons for the selling across Wall Street was yet another Covid lockdown in China. Those worries resurfaced after most strategists felt that the situation in China from a lockdown perspective was loosening. Toss in the ongoing worries of a higher terminal rate and some negative earnings revisions, and the sellers had all the ammo they needed.

Treasury rates were flat across the yield curve after serious buying last week knocked the yield on the 10-year note and 30-year bond back to levels printed in early October. The one new concern is the widening of the inversion between the 90-day t-bill and the 10-year note which closed Monday at 3.83% versus the 4.41% 3-month paper. Bond traders see the inversion as a recession indicator.

Brent Crude and West Texas Intermediate both initially plunged Monday after OPEC, in a huge reversal, said they are considering increasing production. Less than 60 days ago, they were talking about a 2 million barrel-per-day cut. With a strong afternoon rally, both the major benchmarks closed flat. Natural gas was the big winner Monday, closing up over 6% as cold weather swept across the nation. Gold and Bitcoin both closed lower Monday.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with the goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.

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These are the top analyst upgrades, downgrades and initiations seen on Tuesday, November 22, 2022.

Affiliated Managers Group, Inc. (NYSE: AMG) Goldman Sachs reinstates coverage on the stock with a Buy rating and a $182 target price. The consensus target across Wall Street is posted at $157.75. The shares were last seen Monday at $155.43.

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) BofA Securities reinstated coverage with a Neutral rating and a $12 target price. The consensus is just lower at $11.17. The stock closed Monday at $11.91.

Bentley Systems Incorporated (NYSE: BSY) Oppenheimer reiterated an Outperform rating on the company with a $48 target price. The consensus is set just lower at $44.60. The shares were last seen Monday at $37.85.

Boyd Gaming Corporation (NYSE: BYD) Morgan Stanley initiated coverage with an Underweight rating and has a $54 target. The consensus target is set higher at $68.92. The stock closed Monday at $59.30.

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Brightview Holdings, Inc. (NYSE: BV) Jefferies assumed coverage with a Hold rating and an $8 target. The consensus is higher at $13.50 for now. The stock closed Monday’s session at $7.19, down close to 4%.

Cheniere Energy, inc. (NYSEAMERICAN: LNG) Goldman Sachs maintained a Buy rating on the stock, which resides on the firm’s Conviction List of top stock picks and posted a $220 price target. The consensus is set at $208.15. The last trade on Monday was filled at $164.53.

ConocoPhillips (NYSE: COP) Societe Generale downgraded the energy giant to Sell from Hold with a $114 price target. That compares with the higher $135.67 consensus target price and Monday’s closing print of $125.49.

Cutera, Inc. (NASDAQ: CUTR) Stifel maintained a Buy rating on the stock with a $70 price target objective. The consensus is set just higher at $73.60. The shares closed Monday at $43.00.

Datadog, Inc. (NASDAQ: DDOG) Stifel reiterated a Buy rating on the stock with a $96 price target after meeting with management. The price target is set at $96, while the consensus is posted higher at $112.67. The stock ended trading on Monday at $73.35, down over 4%

Farfetch Limited (NASDAQ: FTCH) Oppenheimer reiterated an Outperform rating to go with their $14 target price. The consensus target is set at $13.90 for now. The stock closed Monday at $7.49, down almost 8% after posting results that missed estimates last week.

Intel Corporation (NASDAQ: INTC) Cowen resumed coverage of the legacy chip giant with a Market Perform rating and a $31 target price. That is versus the $31.59 consensus and Monday’s last trade of $28.94.

IQVIA Holdings Inc. (NYSE: IQV) Stifel raised their target price to $269 from $262 while keeping a Buy rating on the shares. The consensus is $252.95. The stock was last seen Monday at $214.90.

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Mobileye Global Inc. (NASDAQ: MBLY) Goldman Sachs started coverage of the recent IPO with a Buy rating and has a $36 target price. BofA Securities began covering the company with a Neutral rating and a $34 target. The consensus target is also set at $36. The stock closed Monday at $27.22 despite street upgrades.

MongoDB, Inc. (NASDAQ: MDB) KeyBanc Capital Markets started covering the company with an Overweight rating and a $215 target price. The consensus target is posted much higher at a stunning $333.70. The shares ended Monday at $147.02, down over 8% as some analysts warned of near-term headwinds for the stock

NetEase, Inc. (NASDAQ: NTES) BofA Securities maintained a Buy rating on the stock while lowering their target price to $122 from $128. The consensus is set at $107.06. The shares ended Monday’s session at $66.28.

PGT Innovations, Inc. (NYSE: PGTI) Jefferies reiterated a Buy rating on the stock with a $31 target price. The consensus is lower at $27. The shares ended Monday at $20.17.

Salesforce, Inc. (NYSE: CRM) Jefferies reiterated a Buy rating on the stock with a $240 target price. The consensus is set at $218.56. The shares closed Monday at $144.85.

Seagen Inc. (NASDAQ: SGEN) Truist Financial initiated coverage with a Hold rating and a $135 target. The consensus is much higher at $166.40. The stock was last seen Monday at $123.48, down 6%

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) BofA Securities reiterated its Buy rating on the stock to go with a $120 target. The consensus is set higher at $136.85. The stock closed Monday at $97.43.

TPG Real Estate Finance Trust, Inc. (NASDAQ: TRTX) BofA Securities reinstated coverage at Neutral with an $8 target price. The consensus is higher at $9.20. The shares closed Monday at $7.09.

Toyota Motor Corporation (NYSE: TM) BofA Securities reiterated a Buy rating on the automotive giant with a Buy and has a $171.57 target price. The consensus is $157.94. The stock closed Monday at $142.16.

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The Walt Disney Company (NYSE: DIS) MoffettNathanson upgraded the House of Mouse to Outperform from Market Perform with a $120 target price. The consensus target is set at $126.27. The stock closed Monday at $97.58, up over 6% after Bob Iger returned to the CEO position.

Whirlpool Corporation (NYSE: WHR) Goldman Sachs reinstated coverage of the appliance giant with a Neutral rating and a $160 target price. The consensus is set at $145.71. The last trade on Monday was reported at $145.24.

Workday, Inc. (NASDAQ: WDAY) Goldman Sachs reiterated a Buy rating on the shares with a healthy $230 target price. The consensus is set at $209.38. The stock closed Monday at $143.20. The company is expected to report earnings on November 29.

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Wynn Resorts Limited (NASDAQ: WYNN) Morgan Stanley initiated coverage of the casino giant with an Equal Weight rating and a $77 target price. The consensus is set at $83.08. The stock closed Monday’s session at $74.34.

The post Tuesday’s Top Analyst Upgrades and Downgrades: Cheniere Energy, Cutera, Datadog, Disney, Intel, Mobileye Global, NetEase, Salesforce, Take-Two Interactive, Workday and More appeared first on 24/7 Wall St..

The futures are trading lower as we start the Thanksgiving holiday-shortened trading week. The stock market is closed on the big turkey day, and will also shutter  early at 1 pm EST on Black Friday. The major indices closed the day modestly higher last Friday with the Dow Jones Industrials and the S&P 500 rising, while the Nasdaq was essentially flat, but overall ended the week down.

Mixed retail earnings and some very hawkish Federal Reserve commentary kept investors nervous as the potential for a terminal or ending Fed-funds rate could end up being higher than the currently anticipated 5%-5.25%.

The sellers returned to the Treasury market Friday as yields were once again up across the curve. Despite the selling both the 10-year notes and the 30-year bond closed under 4%. The intense buying after the CPI report earlier in the month has driven mortgage rates back to 6.81%, and last week rates saw their biggest drop since 1981, a huge positive as the housing market has hit the wall. The National Association of Realtors said Friday that existing home sales declined for the ninth straight month in October.

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Oil price for Brent Crude and West Texas Intermediate both closed down Friday, which will be helpful for those driving to see friends and family for the holiday. Both benchmarks closed almost 2% lower. Analysts cited the cut in oil purchases by China from OPEC as a reason for the selling. Natural gas, gold, and Bitcoin all ended lower to close the week as well.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.

These are the top analyst upgrades, downgrades and initiations seen on Monday November 21, 2022.

Alibaba Group Holding Limited (NYSE: BABA) BofA Securities maintained a Buy rating on the stock but lowered the target price to $142 from $147. The consensus on Wall Street is $135.03. The shares closed Friday at $80.48 down almost 4%.

Amgen Inc. (NASDAQ: AMGN) Credit Suisse initiated coverage with an Underperform rating and a $240 target price. The consensus for the biotech giant is $265.19. The last trade on Friday was filled at $287.29.

Applied Materials, Inc. (NASDAQ: AMAT) BofA Securities raised their target price on the semiconductor capital equipment giant to $125 from $117 and reiterated a Buy rating on the company. Across Wall Street the consensus target is set at $107.75. The shares ended Friday at $104.70.

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Brightview Holdings, Inc. (NYSE: BV) Goldman Sachs lowered the price target on the Neutral rated shares to $10.50 from $12. The consensus target on Wall Street for the company is $14.63. The stock closed Friday at $7.48, down almost 5%.

Centene Corporation (NYSE: CNC) Oppenheimer maintained an Outperform rating on the stock to go with a $110 target price. The consensus is $101.32. The final trade Friday was posted at $82.68.

Coinbase Global, Inc. (NASDAQ: COIN) BofA Securities downgraded the stock to Neutral from Buy while lowering the price target on the shares to $50 from $77. The consensus target was not available. The shares ended trading on Friday at $45.26, down over 7% as the crypto slide continues.

Dole, Inc. (NASDAQ: DOLE) Goldman Sachs reiterated a Buy rating on the stock and has a big $16 target price. The consensus for the stock is set lower at $12.62. The shares were last seen Friday at $10.21 up almost 5%.

Domino’s Pizza Inc. (NYSE: DPZ) Northcoast upgraded the stock to Buy from Neutral and has a $460 target. The consensus for the pizza favorite is set at $374.83. The shares closed Friday at $367.89.

DraftKings, Inc. (NASDAQ: DKNG) Piper Sandler started covering the stock with an Overweight rating and a $21 target. The consensus price objective is $21.09. The final Friday trade hit the tape at $15.05.

The Gap Inc. (NYSE: GPS) Goldman Sachs raised its target price on the popular retailer to $10 from $9 while staying with a Neutral rating on the stock. The consensus target is posted at $9.90. The last trade on Friday was filled at $13.67 up to close to 8% after the company reported solid third-quarter results.

General Motors Company (NYSE: GM) Jefferies reiterated a Hold rating and has a $35 target price for the legacy auto giant. The consensus target is set much higher at $48.37. The shares closed Friday at $39.77.

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HP Inc. (NYSE: HPQ) BofA Securities lowered the target price on the legacy tech giant to $27 from $30 while keeping an Underperform rating. The consensus target was not available. The stock ended Friday at $29.48.

Inotiv, Inc (NASDAQ: NOTV) Jefferies maintained a Buy rating on the shares with a $10 target. The consensus is a stunning $50.33 for now. The stock closed Friday at $5.75, down a massive 16% after a main NHP supplier for the company was cited for violations.

Kohl’s Corporation (NYSE: KSS) BofA Securities maintained an Underperform rating on the stock and lowered the target price to $25 from $26. The consensus target for the company is set higher at $29.71. The shares ended Friday’s session at $30.98.

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) Oppenheimer reiterated an Outperform rating on the stock with a $165 target. The consensus target for the company is set lower at $153. The final trade on Friday filled at $147.73.

LPL Financial Holdings Inc. (NASDAQ: LPLA) Jefferies reiterated a Buy rating on the broker dealer and has a $290 target price. The consensus target is set lower at $277. The stock closed Friday at $218.22.

Merck & Co. (NYSE: MRK) Credit Suisse started coverage with an Outperform rating and a $120 target price. The consensus is set at $109.48. The last trade on Friday came in at $104.23.

Palo Alto Networks, Inc. (NASDAQ: PANW) Oppenheimer raised its target price on the cyber security giant to $220 from $200 and reiterated an Outperform rating. That compares with the consensus target of $215.70 and Friday’s closing print of $167.38, up 7% after posting solid results for the quarter.

The Procter & Gamble Company (NYSE: PG) BofA Securities reiterated a Buy rating on the consumer staples heavyweight with a $170 target price. That is versus the $146.06 consensus target and Friday’s closing print of $142.57.

Rockwell Automation, Inc. (NYSE: ROK) BofA Securities reiterated a Buy rating on the stock to go with a $275 target price objective. The consensus target is set at $240.90. The shares were last seen Friday at $264.74.

Ross Stores, Inc. (NASDAQ: ROST) Goldman Sachs raised its target price on the company to $119 from $104 while maintaining a Buy rating on the stock. The consensus target is set at $101.69. The shares closed Friday at $107.59, up almost 10% after posting an earnings beat and a strong outlook.

Ulta Beauty, Inc. (NASDAQ: ULTA) Oppenheimer reiterated an Outperform rating on the stock and has a $505 target price. The consensus for the beauty retailing giant is $483.96. The stock was last seen Friday at $440.50.

Walgreens Boots Alliance, Inc. (NYSE: WBA) JPMorgan raised the pharmacy giant’s outlook to Overweight from Neutral with a $42 target price. The consensus is $40.39. The shares ended Friday at $39.75.

Wells Fargo & Company (NYSE: WFC) Jefferies reiterated a Buy rating on the money-center giant and has a $47 target. The consensus is higher at $54.42. The stock closed Friday at $46.50.

Williams-Sonoma, Inc. (NYSE: WSM) Goldman Sachs lowered its price target on the high-end retailer to $123 from $132, while reiterating a Neutral rating on the company. The consensus target is higher at $147.61. The shares closed Friday at $122.37, down almost 7% after earnings missed estimates.

The post Monday’s Top Analyst Upgrades and Downgrades: Alibaba Group, Coinbase Global, General Motors, HP, Kohl’s, and More appeared first on 24/7 Wall St..