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Futures were down on Wednesday after the risky crowd returned to markets, hammering all major indexes on Tuesday, with the Nasdaq down 2.26%. The song remains the same on Wall Street, with the Ukraine-Russia conflict top of mind, and there are rumors that new sanctions against Russia are coming after war crimes allegations.

The big story on Tuesday was the continued rise in Treasury yields. Five-year and 10-year bonds closed high yields at 52 weeks, with both climbing 14 basis points. Financial experts cited Federal Reserve Governor Brainard’s concerns and comments on inflation and his discussion of shrinking the Fed’s balance sheet. The much-talked-about harbinger of inflation lately, the two- and ten-year reversal, was not present in Tuesday’s trading. Brent and West Texas Intermediate crudes closed down 2% and gold closed slightly lower on the day.

24/7 Wall St. reviews dozens of analyst research reports each weekday in an effort to find new insights for investors and traders. Some of these daily analyst calls are covering stocks to buy. Other calls cover stocks to sell or avoid. Remember that no analyst call should ever be used as a basis for buying or selling a stock. Consensus analyst target data comes from Refinitiv.

These are the major analyst upgrades, downgrades and insiders seen on Wednesday, April 6, 2022.

Alnylam Pharmaceuticals Inc. (NASDAQ: ALNY): Oppenheimer reiterated an outperform rating on the stock and has a target price of $205. The consensus target is $203.50. The shares closed trading Tuesday at $159.51.

Block Inc. (NYSE: SQ): Stephens started coverage with an overweight rating and a target price of $170. The consensus target is higher at $182.88. The stock closed Tuesday at $135.92, down nearly 7% on the day.

Boeing Co. (NYSE: BA): Baird reiterated an outperform rating with a price target of $306 after the analyst noted orders jumped in late March. Jefferies reiterated a Buy rating with a lower target price of $270. Shares of the aerospace and defense giant have traded as high as $258.40 over the past 52 weeks. Tuesday’s final trade reached $182.65, down nearly 5% for the day.

Brighthouse Financial Inc. (NASDAQ: BHF): Goldman Sachs raised its price target from $55 on the neutral-rated stock to $63. The consensus target is $59.60. The stock closed Tuesday at $51.81.

Cemex SAB de CV (NYSE: CX): Goldman Sachs cut the Neutral-rated Mexican cement and building materials giant’s $9.20 target price to $6. The consensus target is $10.64. The stock closed Tuesday at $5.07, down nearly 4%, but shares rebounded after the close nearly 4%.

Ciena Corp. (NASDAQ: CIEN): UBS started its coverage with a neutral rating and a price target of $66. The consensus target is much higher at $80.75. The stock closed more than 3% lower on Tuesday at $59.85.


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