TheStreet.com
Adding to One Stock, Trimming Another and Lowering the Rating on a Third
In Friday’s Action Alerts PLUS Weekly Roundup, we shared with you that given the recent movement in shares of Axon Enterprise even after we upped our price target to $240 from $220 on March 1, if the stock continued to close the gap toward that new target, we would be inclined to lower our rating to Two from One. As we alluded to on today’s Daily Rundown, we will continue to chip away at the portfolio’s Four rated position that is McCormick & Co. , using proceeds to fund other stock purchases.