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May 27, 2022 8:57 am

Last updated: May 27, 2022 09:08 am

Futures were mixed on Friday as we prepare to close out one of the most upbeat weeks for investors in nearly two months. All major indices closed higher on Thursday, with the Dow Jones Industrials on the verge of ending an eight-week losing streak and the S&P 500 breaking back through 4,000 to gain over 2%. While some on Wall Street have said the venerable index could potentially rally to 4,200, many will be watching closely to see if the aggressive sellers return to match the solid bids we are currently seeing. With the three-day Memorial Day holiday weekend, there is a very good chance that volume will dry up later in the day as traders look for an early exit.

Yields across the Treasury curve remained flat across the board as the flight-to-safety crowd took a breather. Another downside for Americans, who are heading to the highway for vacation this weekend with record-high gasoline prices, is that both Brent and West Texas Intermediate crudes ended higher, each up at least 3%. Natural gas finally took a breather after trading well above 9 mbtu for the first time since 2008 earlier in the session. Gold and Bitcoin both closed slightly higher on Thursday.

24/7 Wall St. reviews dozens of analyst research reports every day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls are for stocks to buy. Other calls are related to stocks to sell or avoid. Remember that a single analyst call should never be used as the basis for buying or selling a stock. Consensus analyst target data is from Refinitiv.

These are the top analyst upgrades, downgrades, and launches observed on Friday, May 27, 2022.

Cigna Corp. (NYSE: CI): BofA Securities has upgraded the healthcare giant’s shares to Neutral from Underperform and raised its price target to $300 from $265. The consensus target stands at $287.13. The stock closed at $268.88 on Thursday.

Citigroup Inc. (NYSE: C): Credit Suisse downgraded the money center bank and investment giant from Outperform to Neutral and has a price target of $58. The consensus target is $66.45 and Thursday’s close was $54.09.

CyberArk Software Ltd. (NASDAQ: CYBR): Stephens began reporting as an Overweight position with a price target of $170. The consensus target is $165.57. The stock closed at $137.55 on Thursday.

ALSO READ: Natural Gas Rebounds to 2008 Highs: 7 Dividend-Paying Stocks You Can Jump On Right Now

Dick’s Sporting Goods Inc. (NYSE:DKS): Gordon Haskett upgraded the stock from reduce to hold with a price target of $78. The consensus target is $124.65. Thursday’s close of $84.58 was up over 8% for the day after the company posted very solid earnings.

Dow Inc. (NYSE:DOW): Evercore ISI cut its outperform rating on the chemical giant to inline with a price target of $68. The consensus target is $73.40. The stock closed at $67.84 on Thursday.

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