Ratings changes for Beacon Roofing Supply, Bitfarms, Ironwood Pharmaceuticals, Pagaya Technologies, Zai Lab, Apogee Enterprises, OncoCyte and more…Text “MarketBeat” to 68285 to get SMS breaking news alerts for stocks on your watchlist and other special reports. Learn More. Unsubscribe.
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December 14th, 2023
The Battery Metal Nobody Told You About (ad)
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy.
Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium “the future of battery tech.”
After a rough outing in 2022, 2023 has been explosive.
In fact, since the year began, major indices, like the S&P 500 are up about 15% year to date. Heading into New Year 2024, things could get even better.
That said, here are three “no brainer” stocks to consider.
Amazon.com (NASDAQ:AMZN) had its price target raised by analysts at Piper Sandler () from $170.00 to $185.00. They now have an “overweight” rating on the stock. This represents a 25.0% upside from the current price of $148.05.
CEO Mark Zuckerberg sold 28,009 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $335.34, for a total value of $9,392,538.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
CEO Mark Zuckerberg sold 28,009 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $323.52, for a total value of $9,061,471.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Microsoft Co. (NASDAQ:MSFT) declared a quarterly dividend on Monday, September 18th. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.75 per share by the software giant on Thursday, December 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68.
Alector (NASDAQ:ALEC) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock, up previously from $8.00. This represents a 86.6% upside from the current price of $8.04.
Antero Resources (NYSE:AR) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $26.00 price target on the stock, down previously from $32.00. This represents a 21.0% upside from the current price of $21.48.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating.The current price is $281.49.
Bank of America (NYSE:BAC) was upgraded by analysts at Odeon Capital Group LLC from a “hold” rating to a “buy” rating. They now have a $37.94 price target on the stock. This represents a 12.0% upside from the current price of $33.87.
Beacon Roofing Supply (NASDAQ:BECN) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $103.00 price target on the stock, up previously from $86.00. This represents a 20.1% upside from the current price of $85.73.
TopBuild (NYSE:BLD) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $387.00 price target on the stock, up previously from $312.00. This represents a 5.4% upside from the current price of $367.03.
Choice Hotels International (NYSE:CHH) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $115.00 price target on the stock. This represents a 0.2% downside from the current price of $115.20.
Coterra Energy (NYSE:CTRA) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $30.00 price target on the stock. This represents a 18.0% upside from the current price of $25.42.
Coterra Energy (NYSE:CTRA) was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $31.00 price target on the stock, down previously from $33.00. This represents a 22.0% upside from the current price of $25.42.
Cognizant Technology Solutions (NASDAQ:CTSH) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $75.00 price target on the stock, up previously from $61.00. This represents a 0.4% upside from the current price of $74.73.
Foot Locker (NYSE:FL) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $33.00 price target on the stock, up previously from $24.00. This represents a 6.2% upside from the current price of $31.06.
Host Hotels & Resorts (NASDAQ:HST) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $15.00 price target on the stock. This represents a 24.8% downside from the current price of $19.94.
Installed Building Products (NYSE:IBP) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $199.00 price target on the stock, up previously from $165.00. This represents a 9.0% upside from the current price of $182.61.
Invesco (NYSE:IVZ) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $20.00 price target on the stock, up previously from $15.50. This represents a 13.8% upside from the current price of $17.57.
Live Nation Entertainment (NYSE:LYV) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $110.00 price target on the stock, up previously from $100.00. This represents a 18.0% upside from the current price of $93.22.
Marathon Petroleum (NYSE:MPC) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $169.00 price target on the stock, up previously from $159.00. This represents a 12.6% upside from the current price of $150.10.
Paychex (NASDAQ:PAYX) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $126.00 price target on the stock, up previously from $107.00. This represents a 1.5% downside from the current price of $127.97.
Park Hotels & Resorts (NYSE:PK) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $16.00 price target on the stock, up previously from $11.00. This represents a 5.5% downside from the current price of $16.94.
The PNC Financial Services Group (NYSE:PNC) was upgraded by analysts at Odeon Capital Group LLC from a “hold” rating to a “buy” rating. They now have a $153.38 price target on the stock. This represents a 0.2% upside from the current price of $153.13.
Ryman Hospitality Properties (NYSE:RHP) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $102.00 price target on the stock, up previously from $89.00. This represents a 8.7% downside from the current price of $111.68.
Sunstone Hotel Investors (NYSE:SHO) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $10.00 price target on the stock, up previously from $9.00. This represents a 8.8% downside from the current price of $10.97.
Six Flags Entertainment (NYSE:SIX) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $32.00 price target on the stock, up previously from $29.00. This represents a 23.2% upside from the current price of $25.98.
Truist Financial (NYSE:TFC) was upgraded by analysts at Odeon Capital Group LLC from a “hold” rating to a “buy” rating. They now have a $40.45 price target on the stock. This represents a 9.2% upside from the current price of $37.04.
Trex (NYSE:TREX) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $79.00 price target on the stock, up previously from $62.00. This represents a 0.8% downside from the current price of $79.65.
Tripadvisor (NASDAQ:TRIP) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock. This represents a 29.3% upside from the current price of $19.34.
U.S. Bancorp (NYSE:USB) was upgraded by analysts at Odeon Capital Group LLC from a “hold” rating to a “buy” rating. They now have a $48.93 price target on the stock. This represents a 8.9% upside from the current price of $44.93.
Wells Fargo & Company (NYSE:WFC) was upgraded by analysts at Odeon Capital Group LLC from a “hold” rating to a “buy” rating. They now have a $56.08 price target on the stock. This represents a 12.5% upside from the current price of $49.83.
After the massive market collapse and several huge scandals last year, a lot of experts are saying the crypto markets are just one more step away from going to zero. But are they right?
Apellis Pharmaceuticals (NASDAQ:APLS) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $54.00 price target on the stock, down previously from $67.00. This represents a 13.5% upside from the current price of $47.59.
Chesapeake Energy (NASDAQ:CHK) was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $86.00 price target on the stock, down previously from $106.00. This represents a 14.2% upside from the current price of $75.30.
ConocoPhillips (NYSE:COP) was downgraded by analysts at Johnson Rice from an “accumulate” rating to a “hold” rating.The current price is $115.39.
Cepton (NASDAQ:CPTN) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating.The current price is $2.91.
Comstock Resources (NYSE:CRK) was downgraded by analysts at Johnson Rice from an “accumulate” rating to a “hold” rating.The current price is $8.87.
Deckers Outdoor (NYSE:DECK) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $709.00 price target on the stock, up previously from $600.00. This represents a 1.0% upside from the current price of $701.68.
Excelerate Energy (NYSE:EE) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $18.00 price target on the stock, down previously from $20.00. This represents a 9.0% upside from the current price of $16.52.
EOG Resources (NYSE:EOG) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $130.00 price target on the stock, down previously from $150.00. This represents a 8.5% upside from the current price of $119.83.
Equitrans Midstream (NYSE:ETRN) was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating. They now have a $10.00 price target on the stock, up previously from $9.00. This represents a 0.2% downside from the current price of $10.02.
FMC (NYSE:FMC) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $63.00 price target on the stock, down previously from $80.00. This represents a 2.7% upside from the current price of $61.35.
Fulton Financial (NASDAQ:FULT) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock, up previously from $14.00. This represents a 2.7% downside from the current price of $16.44.
Green Dot (NYSE:GDOT) was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $7.00 price target on the stock, down previously from $8.00. This represents a 26.1% downside from the current price of $9.47.
Gaming and Leisure Properties (NASDAQ:GLPI) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $48.00 price target on the stock. This represents a 1.1% upside from the current price of $47.48.
Komatsu (OTCMKTS:KMTUY) was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating.The current price is $25.24.
Northrop Grumman (NYSE:NOC) was downgraded by analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating. They now have a $450.00 price target on the stock. This represents a 3.7% downside from the current price of $467.22.
Northern Oil and Gas (NYSE:NOG) was downgraded by analysts at Johnson Rice from a “buy” rating to an “accumulate” rating.The current price is $37.17.
Reneo Pharmaceuticals (NASDAQ:RPHM) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $3.00 price target on the stock, down previously from $28.00. This represents a 134.4% upside from the current price of $1.28.
Reneo Pharmaceuticals (NASDAQ:RPHM) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating. They now have a $4.00 price target on the stock, down previously from $25.00. This represents a 212.5% upside from the current price of $1.28.
Range Resources (NYSE:RRC) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $32.00 price target on the stock, down previously from $40.00. This represents a 7.1% upside from the current price of $29.88.
Riskified (NYSE:RSKD) was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $5.00 price target on the stock. This represents a 11.1% upside from the current price of $4.50.
SeaWorld Entertainment (NYSE:SEAS) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $57.00 price target on the stock, down previously from $60.00. This represents a 4.2% upside from the current price of $54.70.
Stanley Black & Decker (NYSE:SWK) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $89.00 price target on the stock. This represents a 12.8% downside from the current price of $102.11.
Arch Capital Group (NASDAQ:ACGL) is now covered by analysts at Evercore ISI. They set an “inline” rating and a $88.00 price target on the stock. This represents a 17.2% upside from the current price of $75.07.
American Financial Group (NYSE:AFG) is now covered by analysts at Janney Montgomery Scott. They set a “buy” rating and a $135.00 price target on the stock. This represents a 11.2% upside from the current price of $121.45.
Akoya Biosciences (NASDAQ:AKYA) is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.The current price is $4.90.
American Tower (NYSE:AMT) is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $245.00 price target on the stock. This represents a 13.5% upside from the current price of $215.78.
Bitfarms (NASDAQ:BITF) is now covered by analysts at B. Riley. They set a “buy” rating and a $4.00 price target on the stock. This represents a 36.5% upside from the current price of $2.93.
Belite Bio (NASDAQ:BLTE) is now covered by analysts at Maxim Group. They set a “buy” rating and a $60.00 price target on the stock. This represents a 40.4% upside from the current price of $42.75.
Cardinal Health (NYSE:CAH) is now covered by analysts at Wells Fargo & Company. They set an “underweight” rating and a $96.00 price target on the stock. This represents a 6.5% downside from the current price of $102.64.
Crown Castle (NYSE:CCI) is now covered by analysts at HSBC Holdings plc. They set a “hold” rating and a $110.00 price target on the stock. This represents a 5.5% downside from the current price of $116.36.
Cincinnati Financial (NASDAQ:CINF) is now covered by analysts at Janney Montgomery Scott. They set a “neutral” rating and a $110.00 price target on the stock. This represents a 3.9% upside from the current price of $105.84.
Cencora (NYSE:COR) is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $213.00 price target on the stock. This represents a 7.1% upside from the current price of $198.84.
CRH (NYSE:CRH) is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $81.00 price target on the stock. This represents a 19.0% upside from the current price of $68.07.
Castle Biosciences (NASDAQ:CSTL) is now covered by analysts at Guggenheim. They set a “buy” rating and a $25.00 price target on the stock. This represents a 20.3% upside from the current price of $20.78.
Cytek Biosciences (NASDAQ:CTKB) is now covered by analysts at Stephens. They set an “overweight” rating and a $9.00 price target on the stock. This represents a 1.9% upside from the current price of $8.83.
Everest Group (NYSE:EG) is now covered by analysts at Evercore ISI. They set an “inline” rating and a $431.00 price target on the stock. This represents a 18.1% upside from the current price of $364.89.
Exact Sciences (NASDAQ:EXAS) is now covered by analysts at Guggenheim. They set a “buy” rating and a $90.00 price target on the stock. This represents a 30.0% upside from the current price of $69.22.
Guardant Health (NASDAQ:GH) is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.The current price is $29.45.
Illumina (NASDAQ:ILMN) is now covered by analysts at Guggenheim. They set a “buy” rating and a $155.00 price target on the stock. This represents a 15.4% upside from the current price of $134.32.
Illumina (NASDAQ:ILMN) is now covered by analysts at Stephens. They set an “overweight” rating and a $170.00 price target on the stock. This represents a 26.6% upside from the current price of $134.32.
Ironwood Pharmaceuticals (NASDAQ:IRWD) is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $20.00 price target on the stock. This represents a 67.2% upside from the current price of $11.96.
WK Kellogg (NYSE:KLG) is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $13.00 price target on the stock. This represents a 1.3% upside from the current price of $12.83.
Moleculin Biotech (NASDAQ:MBRX) is now covered by analysts at HC Wainwright. They set a “buy” rating and a $3.00 price target on the stock. This represents a 400.0% upside from the current price of $0.60.
McKesson (NYSE:MCK) is now covered by analysts at Wells Fargo & Company. They set an “equal weight” rating and a $502.00 price target on the stock. This represents a 12.9% upside from the current price of $444.51.
Mitek Systems (NASDAQ:MITK) is now covered by analysts at Craig Hallum. They set a “buy” rating and a $17.00 price target on the stock. This represents a 31.3% upside from the current price of $12.95.
Metals Acquisition (NYSE:MTAL) is now covered by analysts at National Bank Financial. They set an “outperform” rating and a $14.00 price target on the stock. This represents a 40.0% upside from the current price of $10.00.
Myriad Genetics (NASDAQ:MYGN) is now covered by analysts at Guggenheim. They set a “buy” rating and a $23.00 price target on the stock. This represents a 5.2% upside from the current price of $21.87.
Natera (NASDAQ:NTRA) is now covered by analysts at Guggenheim. They set a “buy” rating and a $70.00 price target on the stock. This represents a 12.4% upside from the current price of $62.25.
Pacific Biosciences of California (NASDAQ:PACB) is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.The current price is $9.85.
Pacific Biosciences of California (NASDAQ:PACB) is now covered by analysts at Stephens. They set an “overweight” rating and a $11.00 price target on the stock. This represents a 11.7% upside from the current price of $9.85.
PagerDuty (NYSE:PD) is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $30.00 price target on the stock. This represents a 26.3% upside from the current price of $23.75.
Pagaya Technologies (NASDAQ:PGY) is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $2.50 price target on the stock. This represents a 61.3% upside from the current price of $1.55.
PSQ (NYSE:PSQH) is now covered by analysts at Roth Mkm. They set a “buy” rating and a $8.50 price target on the stock. This represents a 58.9% upside from the current price of $5.35.
RenaissanceRe (NYSE:RNR) is now covered by analysts at Evercore ISI. They set an “underperform” rating and a $200.00 price target on the stock. This represents a 3.8% upside from the current price of $192.60.
Talen Energy (OTCMKTS:TLNE) is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $77.00 price target on the stock. This represents a 32.6% upside from the current price of $58.05.
10x Genomics (NASDAQ:TXG) is now covered by analysts at Guggenheim. They set a “buy” rating and a $60.00 price target on the stock. This represents a 8.5% upside from the current price of $55.32.
Zai Lab (NASDAQ:ZLAB) is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $47.50 price target on the stock. This represents a 58.5% upside from the current price of $29.97.
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