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- BMO Capital boosted the price target for Yum! Brands, Inc. (NYSE: YUM) from $137 to $140. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating. Yum! Brands shares rose 1.5% to $133.40 in pre-market trading.
- UBS raised the price target for Illinois Tool Works Inc. (NYSE: ITW) from $213 to $245. UBS analyst Steven Fisher maintained a Neutral rating. Illinois Tool Works shares fell 0.2% to $236.37 in pre-market trading.
- Oppenheimer raised the price target for RXO, Inc. (NYSE: RXO) from $21 to $24. Oppenheimer analyst Scott Schneeberger maintained an Outperform rating. RXO shares rose 2.1% to $22.44 in pre-market trading.
- Cowen & Co. boosted the price target for Monolithic Power Systems, Inc. (NASDAQ: MPWR) from $490 to $550. Cowen & Co. analyst Matthew Ramsay maintained an Outperform rating. Monolithic Power shares fell 1% to close at $463.00 on Wednesday.
- JP Morgan raised Robinhood Markets, Inc. (NASDAQ: HOOD) price target from $9 to $11. JP Morgan analyst Kenneth Worthington maintained an Underweight rating on the stock. Robinhood shares gained 5.3% to $11.02 in pre-market trading.
- B of A Securities raised The Walt Disney Company (NYSE: DIS) price target from $115 to $135. B of A Securities analyst Jessica Ehrlich maintained a Buy rating. Disney shares rose 0.1% to close at $111.78 on Wednesday.
- Morgan Stanley cut Lincoln National Corporation (NYSE: LNC) price target from $40 to $38. Morgan Stanley analyst Nigel Dally maintained an Equal-Weight rating. Lincoln National shares fell 4.1% to $33.90 in pre-market trading.
- Canaccord Genuity boosted New Relic, Inc. (NYSE: NEWR) price target from $74 to $88. Canaccord Genuity analyst Kingsley Crane maintained a Buy rating. New Relic shares rose 2% to $78.00 in pre-market trading.
- Loop Capital raised Kennametal Inc. (NYSE: KMT) price target from $22 to $28. Loop Capital analyst Chris Dankert maintained a Hold rating. Kennametal shares gained 0.1% to close at $29.10 on Wednesday.
- Baird boosted Cerence Inc. (NASDAQ: CRNC) price target from $23 to $30. Baird analyst Luke Junk maintained a Neutral rating. Cerence shares rose 4.8% to $30.30 in pre-market trading.
- Canaccord Genuity cut Rapid7, Inc. (NASDAQ: RPD) price target from $55 to $52. Canaccord Genuity analyst Michael Walkley downgraded the stock from Buy to Hold. Rapid7 shares dropped 6.7% to $48.00 in pre-market trading.
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