These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Amazon.com Inc. (NASDAQ: AMZN) was raised to Buy from Neutral with a $550 price target (versus a $455.57 close) at UBS. Amazon has a consensus price target of $473.53 and a 52-week trading range of $284.00 to $457.87. While this is a very high target, the highest analyst target on Amazon is still $600.
Biogen Inc. (NASDAQ: BIIB) was raised to Buy from Neutral at Bank of America Merrill Lynch and the price target is $466 (versus a $391.23 close). Biogen’s consensus price target is $476.38 and the 52-week range is $290.85 to $480.18.
GoPro Inc. (NASDAQ: GPRO) was raised to Overweight from Equal Weight and the price target was raised to $65 from $50 (versus a $52.11 close) at Barclays. The consensus price target is $69.25 and GoPro has a 52-week range of $37.13 to $98.47.
Intel Corp. (NASDAQ: INTC) was downgraded to Underperform from Market Perform with a $25 price target at Bernstein. This is a day after Cowen maintained its Market Perform rating and cut the price target to $32 from $33. Intel closed at $29.73 and has a consensus price target of $33.84 and a 52-week range of $28.82 to $37.90.
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Micron Technology Inc. (NASDAQ: MU) was reiterated as Outperform with a $34 price target at Credit Suisse. This on the heels of reports of a Chinese company making an offer at $21 per share. The previous close was $17.61, but shares were seen up 12% at $19.65 in early Tuesday indications. The deal as it stands has little to no chance of approval.
SunPower Corp. (NASDAQ: SPWR) was started as Overweight with a $42 price target (versus a $26.98 close) at JPMorgan. Goldman Sachs also started it as Buy with a $37 price target. SunPower has a consensus price target of $40.20 and a 52-week range of $22.75 to $39.95.
Other key analyst upgrades and downgrades this Tuesday were seen as follows:
Ballard Power Systems Inc. (NASDAQ: BLDP) was started as Buy with a price target of $2.50 (versus a $1.44 close) at H.C. Wainwright.
California Resources Corp. (NYSE: CRC) was started as Buy with a $7 price target (versus a $5.39 close) at Soc-Gen.
Coca Cola Femsa SAB de C.V. (NYSE: KOF) was raised to Overweight from Equal Weight at Barclays.
Carnival Corp. (NYSE: CCL) was upgraded from Underperform to Hold with a price target of $45.00 at Jefferies.
Fogo de Chao Inc. (NASDAQ: FOGO) was started as Neutral with a $24 price target at Credit Suisse.
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Hanover Insurance Group Inc. (NYSE: THG) was started as Overweight with an $87 price target (versus a $77.54 close) at Piper Jaffray.
MINDBODY Inc. (NASDAQ: MB) was started as Outperform with an $18 price target at Credit Suisse. JMP Securities started coverage with a Market Outperform rating and $22 price target. UBS started it with a Buy rating and $19 price target, and Morgan Stanley gave an Overweight rating and $16.50 target. Pacific Crest started it as Overweight with a $19 price target.
Mercury Systems Inc. (NASDAQ: MRCY) was started as Hold at Jefferies.
Plexus Corp. (NASDAQ: PLXS) was started as Buy with a price target of $47.00 at B. Riley.
Workday Inc. (NYSE: WDAY) was raised to Buy from Hold at Evercore ISI.
YPF S.A. (NYSE: YPF) was raised to Outperform from Neutral at Credit Suisse.
8point3 Energy Partners L.P. (NASDAQ: CAFD) was started as Buy with a $25 price target (versus an $18.07 close) at Deutsche Bank.
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In case you missed Monday’s top analyst upgrades and downgrades, they included Fitbit, Apple, ARM Holdings, Groupon, Palo Alto Networks, PepsiCo, Windstream and a dozen or so more.
Credit Suisse on Greece: The firm still places a 30% probability of a Grexit over the next year, and they believe that Continental European equities have experienced most of their Greece-related rally, but they are sticking with an overweight weighting in Continental Europe.
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