Investing

Top Analyst Upgrades and Downgrades: Fitbit, Kimberly-Clark, NiSource, Raptor Pharma, Yelp, Sonic, Teradyne, UBS and Many More

Stocks were up marginally in the early futures trading Tuesday. Despite the swings, investors have for four years now bought value and bought the dips. 24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Fitbit Inc. (NYSE: FIT) was started as Overweight at Pacific Crest, and the firm’s $47.00 price target is against a $32.40 prior close. Fitbit has a consensus price target of $54.42 and a 52-week trading range of $29.50 to $51.90.

Kimberly-Clark Corp. (NYSE: KMB) was raised to Buy from Hold at Deutsche Bank. The $118.00 price target compares to a $103.78 close. Kimberly-Clark remains in the 10 stocks to own for the next decade. It also has a consensus price target of $117.00 and a 52-week range of $99.60 to $119.01.

NiSource Inc. (NYSE: NI) was raised to Hold from Sell at Argus. NiSource closed at $16.74. It has a consensus analyst target price of $18.79 and a 52-week range of $14.77 to $19.32. NiSource also has a 3.7% yield.

Raptor Pharmaceuticals Corp. (NASDAQ: RPTP) shares fell 37.5% to $7.72 after disappointing drug study news on Monday. Citigroup has downgraded the stock to Neutral from Buy. Raptor has a 52-week range of $6.82 to $16.28, and that 52-week low was from Monday.

Yelp Inc. (NYSE: YELP) was started as Market Perform at William Blair. While the firm is not big on price targets in general, this is just one more “cautious to fair value” call. Yelp closed at $24.47, and it has a consensus price target of $33.41 and a 52-week range of $20.50 to $77.47.

ALSO READ: 8 Fresh Dividends and Buybacks Just Too Big to Ignore

Other key analyst upgrades, downgrades and initiations seen Tuesday were in the following:

Blue Buffalo Pet Products Inc. (NASDAQ: BUFF) was raised to Outperform from Market Perform at Wells Fargo.

Conn’s Inc. (NASDAQ: CONN) was downgraded to Hold from Buy at Stifel Nicolaus.

Credit Suisse Group A.G. (NYSE: CS) was already rated as Buy at Goldman Sachs, but the firm raised it to the prized Conviction Buy List.

Earthlink Holdings Corp. (NASDAQ: ELNK) was started as Outperform with a $10 price target (versus an $8.77 close) at Northland Securities.

The Fresh Market Inc. (NASDAQ: TFM) was raised to Buy from Hold with a $29.00 price target (versus a $23.19 close) at Jefferies.

ALSO READ: 5 Oil and Gas Stocks Analysts Want You to Buy Now

Nordstrom Inc. (NYSE: JWN) was raised to Buy from Hold at Stifel Nicolaus.

PennTex Midstream Partners L.P. (NASDAQ: PTXP) was raised to Buy from Hold at Stifel Nicolaus.

Sonic Corp. (NASDAQ: SONC) was raised to Neutral from Sell at UBS.

Teradyne Inc. (NYSE: TER) was raised to Buy from Neutral at Citigroup.

TerraForm Power Inc. (NASDAQ: TERP) was started as Buy with a $29 price objective (versus a $19.87 close) at Bank of America Merrill Lynch.

UBS A.G. (NYSE: UBS) was downgraded to Neutral from Buy at Goldman Sachs.

Whirlpool Corp. (NYSE: WHR) was already rated as Outperform at RBC Capital Markets, but the firm added the stock to its Top Pick list.

ALSO READ: Is Kinder Morgan Now Undervalued?

In case you missed Monday’s top analyst upgrades and downgrades, they included AeroVironment, Gold Fields, Marvell Technology, Nokia, Silver Wheaton and over a dozen more.

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