The futures traded higher Tuesday after another dumpster fire day across Wall Street, when the relentless selling from last week returned to start the week off. All the major indexes ended lower, with the Nasdaq once again taking the brunt of the selling and ending down 3.7%. Last week marked the fifth straight week that the S&P 500 closed lower, the longest losing streak for the venerable index since 2011. The culprits were the same Monday, as soaring interest rates and the Federal Reserve’s hawkish monetary policy stance were cited by top strategists, along with the China lockdowns and the inflation worries.

One positive sign on Monday was that both Brent and West Texas Intermediate crude closed over 6% lower, and some energy analysts feel we may have hit the peak in gasoline prices, unless another geopolitical bombshell drops. Natural gas was down over 13%, after a torrid run recently that had pushed prices over the $8 level. Gold was also down almost 2%.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding fresh 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 Tuesday, May 10, 2022.

Altria Inc. (NYSE: MO): Bernstein downgraded the cigarette maker to Market Perform from Outperform and lowered the $58 target price to $53. The consensus target is $57.29, and shares closed on Monday at $55.26.

American International Group Inc. (NYSE: AIG): Goldman Sachs reiterated its Buy rating and has an $81 target price. The stock is also on the firm’s Conviction List. The consensus target is $69.92. The stock closed over 4% lower on Monday to $59.61.

AMETEK Inc. (NASDAQ: AME): Baird kept a Neutral rating on the shares while cutting the $156 price target to $140. The consensus target is $157.36. The shares ended Monday trading at $121.97.

Barings BDC Inc. (NYSE: BBDC): Oppenheimer maintained an Outperform rating with a $12 target price. The consensus target is $12.18. The closing share price on Monday was $10.20.

Cigna Corp. (NYSE: CI): Oppenheimer reiterated an Outperform rating with a $310 target price. The consensus target is $269.75. The stock closed at $261.41 on Monday.
Datadog Inc. (NASDAQ: DDOG): Goldman Sachs reiterated a Buy rating on the shares, which reside on its Conviction List of top ideas, and has a $223 price objective. The consensus target is much lower at $171.72. The stock was hammered Monday, closing down over 11% at $97.38.

DraftKings Inc. (NASDAQ: DKNG): Goldman Sachs reiterated a Buy rating on the popular gambling and fantasy sports site. The firm’s $47 target price is well above the $31.58 consensus figure. The shares closed down almost 17% on Monday at $10.99.

Emerson Electric Co. (NYSE: EMR): Oppenheimer reiterated its Outperform rating with a $110 price objective after the company posted very solid fiscal second-quarter results. The consensus target is $109.25. Monday’s $84.41 a share close was down over 4% for the day.

Equinix Inc. (NASDAQ: EQIX): Stifel maintained a Buy rating with an $825 price target. The consensus target is $830.29. The stock closed over 8% lower on Monday to $654.19.

GXO Logistics Inc. (NYSE: GXO): Oppenheimer reiterated an Outperform rating and has a $91 price target. The consensus target is $95.83. The stock closed almost 9% lower on Monday at $55.22 but rebounded over 3% after the close.

HealthEquity Inc. (NASDAQ: HQY): Jefferies reiterated its Buy rating and $80 price objective. The consensus target is $76.42. Monday’s closing share price was $56.80.

Inogen Inc. (NASDAQ: INGN): Stifel lowered its $40 price target to $30 while keeping a Hold rating on the shares. The consensus target is $42.50 for now. The stock closed almost 6% lower on Monday at $23.54 but reclaimed most of that loss in the aftermarket.

Intercept Pharmaceuticals Inc. (NASDAQ: ICPT): Baird remains positive on the shares with an Outperform rating and a $52 target price objective. The consensus target is just $29. Monday’s close at $18.01 was down over 6% on the day.

Jabil Inc. (NYSE: JBL): Zacks has picked this stock as its Bull of the Day. The analyst suggests its incredible buoyancy amid the market’s latest volatility surge has illustrated a high level of bullish sentiment in the name. Shares last closed at $56.54, and the consensus price target of $82.17 would be an all-time high.

Marriott International Inc. (NYSE: MAR): Goldman Sachs reiterated a Buy rating on the Conviction List pick and has a $204 target price. The consensus target is $180.09. The shares closed over 5% lower on Monday at $163.85.

NortonLifeLock Inc. (NASDAQ: NLOK): Though Baird maintained an Outperform rating, it also lowered its $31 price target to $28, which is the same as the consensus target. Monday’s closing print was $24.57.
Opendoor Technologies Inc. (NASDAQ: OPEN): Oppenheimer maintained an Outperform with a $14 target price. The consensus target is $14.89. On Monday, the stock closed at $6.00.

Realty Income Corp. (NYSE: O): Baird kept a Neutral rating on the net-lease REIT giant and trimmed its $71 price objective to $69. The consensus target is up at $77.25. Monday’s last trade on was reported at $64.56.

Reynolds Consumer Products Inc. (NASDAQ: REYN): Stifel cut its Buy rating to Hold and trimmed the $33 target price to $31. The consensus target is $32.56. The stock closed at $29.00 on Monday.

Roblox Corp. (NYSE: RBLX): Jefferies reiterated a Hold rating with a $50 target price. Wedbush initiated coverage with a Neutral rating and a $28 target. The consensus target is higher at $59.65. The stock closed Monday at $24.61, which was down over 11% on the day in front of Tuesday’s earnings.

Service Corp. International (NYSE: SCI): Oppenheimer reiterated an Outperform rating and boosted the $64 price target to $74. The consensus target for the deathcare products and services leader is $75.75. The closing price on Monday was $69.05 a share.

Trimble Inc. (NASDAQ: TRMB): Goldman Sachs maintained a Buy rating and has a $92 target price. The consensus target is $90.75. The stock closed over 3% lower on Monday at $61.96.

Under Armour Inc. (NYSE: UAA): While Baird maintained an Outperform rating on the popular athletic apparel company, it also slashed the $28 price target to $15. The consensus target is $22.17. The stock closed Monday at $10.32, which was down over 5% for the day.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Seven top companies are leaders in their real estate niches, and their shares offer long-term investors who are seeking stability in a very precarious time for the stock market some solid additions to growth and income portfolios.

See the seven U.S.-traded firms that are looking to help meet the expected demand for lithium through the rest of this decade and maybe beyond, and which one appears to offer the best opportunity for investors.

Monday’s early top analyst upgrades and downgrades included Bill.com, Block, Cigna, Crocs, CommScope, Dish Network, Foot Locker, Gap, Graphic Packaging, Ingersoll Rand, Moderna, Penn National Gaming, Shopify and Zillow. Analyst calls seen later in the day were on Match, Novartis, Virgin Galactic and more.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.