Benzinga - by Lisa Levin, Benzinga Editor.
- JP Morgan raised the price target for NIO Inc. (NYSE: NIO) from $9 to $10.5. JP Morgan analyst Nick Lai maintained a Neutral rating. NIO shares fell 2.9% to $10.58 in pre-market trading.
- RBC Capital increased Domino's Pizza, Inc. (NYSE: DPZ) price target from $440 to $460. RBC Capital analyst Christopher Carril maintained an Outperform rating. Domino's shares fell 0.5% to close at $386.17 on Tuesday.
- UBS boosted the price target for MercadoLibre, Inc. (NASDAQ: MELI) from $1,600 to $1,700. UBS analyst Karl Keirstead upgraded the stock from Neutral to Buy. MercadoLibre shares rose 0.6% to $1,311.91 in pre-market trading.
- Wedbush increased the price target for Best Buy Co., Inc. (NYSE: BBY) from $72 to $82. Wedbush analyst Seth Basham maintained a Neutral rating. Best Buy shares rose 0.7% to $77.45 in pre-market trading.
- TD Cowen slashed Ambarella, Inc. (NASDAQ: AMBA) price target from $90 to $65. TD Cowen analyst Matthew Ramsay downgraded the stock from Outperform to Market Perform. Ambarella shares fell 21.8% to $59.27 in pre-market trading.
- Scotiabank boosted UDR, Inc. (NYSE: UDR) price target from $44 to $45. Scotiabank analyst Nicholas Yulico upgraded the stock from Sector Perform to Sector Outperform. UDR shares rose 0.6% to $40.01 in pre-market trading.
- Raymond James cut Malibu Boats, Inc. (NASDAQ: MBUU) price target from $74 to $60. Raymond James analyst Joseph Altobello maintained an Outperform rating. Malibu Boats shares fell 1.7% to $51.66 in pre-market trading.
- Needham boosted Napco Security Technologies, Inc. (NASDAQ: NSSC) price target from $30 to $32. Needham analyst James Ricchiuti maintained a Buy rating. Napco Security Technologies shares rose 1.2% to $24.80 in pre-market trading.
- Keybanc lowered the price target for Box, Inc. (NYSE: BOX) from $35 to $33. Keybanc analyst Thomas Blakey maintained an Overweight rating. Box shares fell 8.7% to $28.12 in pre-market trading.
- Piper Sandler cut nCino, Inc. (NASDAQ: NCNO) price target from $32 to $30. Piper Sandler analyst Brent Bracelin maintained a Neutral rating. nCino shares fell 4.2% to $28.25 in pre-market trading.
- Telsey Advisory Group raised Big Lots, Inc. (NYSE: BIG) price target from $6 to $8.5. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Big Lots shares fell 0.5% to $7.92 in pre-market trading.
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