These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Electronic Arts Inc. (NASDAQ: EA) was raised to Buy from Neutral at UBS. EA closed Monday at $68.01 and has a 52-week trading range of $31.77 to $68.48 and a consensus analyst price target of $69.29.
Fitbit Inc. (NYSE: FIT) was started as Outperform with a $52 price target (versus a $40.19 close) at R.W. Baird. Fitbit has a post-IPO range of $29.50 to $44.38.
Shake Shack Inc. (NYSE: SHAK) was downgraded to Underweight from Equal Weight with the same $38 price target (versus a $59.00 close) at Morgan Stanley. The verdict was that Shake Shack was just very overvalued by all metrics. Shares were indicated 3% lower, and the stock has a post-IPO range of $38.64 to $96.75.
Tesla Motors Inc. (NASDAQ: TSLA) was downgraded to Hold from Buy at Deutsche Bank, but the price target was raised to $280 from $245 (versus a $279.72 close). Tesla has a $286.71 consensus price target and a 52-week range of $181.40 to $291.42.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was started as Buy with a $77 price target (versus a $61.66 close) at BTIG. Teva has a consensus price target of $69.32, and 24/7 Wall St. also recently listed it as one of the 10 stocks to own for a decade.
Wingstop Inc. (NASDAQ: WING) saw its quiet period end after closing at $27.70 and with a post-IPO range of $27.00 to $31.99. Wingstop was started as Neutral with a $22 price target at Goldman Sachs and at Outperform by Baird with a $35 target. Barclays started Wingstop as Equal Weight with a $25 price target. Morgan Stanley assigned a new Overweight rating and $42 price target, while Jefferies started it as Buy with a $33 price target.
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Additional key analyst upgrades and downgrades seen this Tuesday were in the following:
American Campus Communities Inc. (NYSE: ACC) was downgraded to Sell from Neutral at UBS.
Anadarko Petroleum Corp. (NYSE: APC) was raised to Buy from Hold at Jefferies.
ARM Holdings PLC (NASDAQ: ARMH) was raised to Overweight at Equal Weight at Morgan Stanley.
Baxter International (NYSE: BAX) was downgraded to Market Perform from Outperform with a price target of $36 (versus a $38.04 close) at BMO Capital Markets.
Biotie Therapies Corp. (NASDAQ: BITI) was started as Buy with a price target of $26 (versus a $19.44 close) at Roth Capital.
Broadcom Corp. (NASDAQ: BRCM) was downgraded to Perform from Outperform at Oppenheimer.
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Cvent Inc. (NYSE: CVT) was started as Market Outperform with a price target of $36 (versus a $25.78 close) at JMP Securities.
Dillard’s Inc. (NYSE: DDS) was downgraded to Underperform from Neutral with a price target of $95 (versus a $130 close) at Bank of America Merrill Lynch.
Envestnet Inc. (NYSE: ENV) was started as Market Outperform with a $63 price target (versus a $41.22 close) at JMP Securities.
EOG Resources Inc. (NYSE: EOG) was raised to Hold from Underperform at Jefferies.
Global Payments Inc. (NYSE: GPN) was raised to Outperform from Market Perform at Keefe Bruyette & Woods.
Grupo Televisa S.A. (NYSE: TV) was downgraded to Neutral from Overweight at JPMorgan.
Kraft Heinz Co. (NASDAQ: KHC) was started as Overweight with a $79 price target (versus a $72.96 close) at Barclays.
Marvell Technology Group Ltd. (NASDAQ: MRVL) was raised to Perform from Underperform at Oppenheimer.
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Noble Energy PLC (NYSE: NE) was raised to Hold from Underperform at Jefferies.
SAP S.E. (NYSE: SAP) was raised to Buy from Neutral at UBS.
In case you were one of the many who were not in on Monday after a long weekend, the top analyst upgrades and downgrades were in Epizyme, Goldcorp, GoPro, Intuitive Surgical, VMware and over a dozen more companies.
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