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U.S. stocks rallied on Friday, with the Dow Jones Industrial Average rising over 150 points. Skechers U.S.A. (SKX) led the gains, with shares surging 16% after the company reported better-than-expected first-quarter earnings. Other notable gainers included Universal Logistics Holdings (ULH), Exponent (EXPO), Snap (SNAP), Tutor Perini Corporation (TPC), and U.S. Silica Holdings (SLCA).
CNBC’s Squawk on the Street anchors Carl Quintanilla, Jim Cramer, and David Faber provide expert analysis and insights on the latest market news and financial events.
Top Wall Street analysts have adjusted their price targets and ratings for several notable companies. Here’s a summary of the changes:
– Susquehanna raised its target for Impinj, Inc. (PI) from $130 to $140, maintaining a ‘Positive’ rating.
– HSBC lowered its target for Intel Corporation (INTC) from $44 to $37, maintaining a ‘Hold’ rating.
– Piper Sandler cut its target for Chewy, Inc. (CHWY) from $19 to $16, maintaining a ‘Neutral’ rating.
– B of A Securities reduced its target for Vertex, Inc. (VERX) from $40 to $34, maintaining a ‘Neutral’ rating.
– Mizuho lowered its target for Marriott International, Inc. (MAR) from $263 to $260, maintaining a ‘Neutral’ rating.
– BMO Capital raised its target for Amazon.com, Inc. (AMZN) from $205 to $215, maintaining an ‘Outperform’ rating.
– Baird cut its target for Simpson Manufacturing Co., Inc. (SSD) from $215 to $208, maintaining an ‘Outperform’ rating.
– Oppenheimer increased its target for Church & Dwight Co., Inc. (CHD) from $110 to $120, maintaining an ‘Outperform’ rating.
– RBC Capital boosted its target for Zions Bancorporation (ZION) from $46 to $47, maintaining a ‘Sector Perform’ rating.
– JP Morgan upgraded Roblox Corporation (RBLX) from ‘Neutral’ to ‘Overweight’ and raised its target from $41 to $48.
