eBay Inc. (NASDAQ: EBAY) saw its price target raised to $28 from $27 at Canaccord Genuity, noting a solid third-quarter earnings report that highlighted stabilizing trends. Jefferies reiterated its Hold rating on eBay and raised its target to $28.00 from $27.00 as well.
GoDaddy Inc. (NYSE: GDDY) was started with a Buy rating and was assigned a $40.00 price target (versus a $26.86 prior close) at UBS. GoDaddy has a consensus price target of $33.00 and a post-IPO trading range of $20.00 to $33.00, but what stands out is that UBS is now $4.00 higher than the prior street-high analyst price target of $36.00.
Kinder Morgan Inc. (NYSE: KMI) was downgraded to Hold from Buy at Stifel, despite the higher dividend announcement. Credit Suisse downgraded Kinder Morgan to Neutral from Outperform with a $39.00 price target. Kinder Morgan was talking about alternative financing that hurt the stock and exposure to oil prices as “not immune,” so shares were down 6.4% at $29.40 in early trading Thursday. Its 52-week range is $25.81 to $44.71.
Owens Corning (NYSE: OC) was downgraded to Neutral from Buy at SunTrust Robinson Humphrey. RBC Capital Markets has a Sector Perform rating but raised its target price to $52 from $50 (versus a $45.95 close). Owens Corning has a consensus analyst price target of $48.38 and a 52-week range of $30.82 to $47.90.
SanDisk Corp. (NASDAQ: SNDK) was downgraded to Hold from Buy at Argus on the heels of the Western Digital buyout news. SanDisk closed up 2% at $76.78 on the formal earnings report, but it was up massively from before the rumors broke about the deal. The consensus target price was closer to $70, based on its own fundamentals.
Texas Instruments Inc. (NASDAQ: TXN) was downgraded to Neutral from Buy at B. Riley, and the price target was raised to $58 from $55 in the call. Shares were indicated up 8% at $56.00 in early trading after solid earnings.
VMware Inc. (NYSE: VMW) was downgraded to Perform from Outperform at Oppenheimer, with its tech analyst saying it is now just too long to wait for the cycle. VMware was down 19% at $55.42 on Wednesday, and the new 52-week range is $52.72 to $93.43.
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Other key analyst upgrades and downgrades were seen Thursday in the following:
Callaway Golf Co. (NYSE: ELY) was reiterated as Buy with a $16.00 (versus an $8.94 close) price target at Jefferies, noting strong results and a faster turnaround.
CIT Group Inc. (NYSE: CIT) was raised to Outperform from Neutral at Macquarie, with a price target of $65.00 (versus a $39.88 close) at Macquarie. Shares were indicated up 6.5% at $42.50.
EMC Corp. (NYSE: EMC) was downgraded to Hold from Buy at Stifel. The long and short of the matter is that EMC was down 6% Wednesday at $25.77 as that Dell acquisition is looking less and less positive.
Genesis Energy L.P. (NYSE: GEL) was reiterated as Buy with a $48.00 fair value estimate (versus a $41.90) close at Janney Capital Markets in a call that took place late Thursday saying that the pullback was unwarranted.
Kilroy Realty Corp. (NYSE: KRC) was downgraded to Hold from Buy at Stifel.
KLA-Tencor Corp. (NASDAQ: KLAC) was downgraded to Hold from Buy at Needham, on the heels of its buyout news.
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Motorola Solutions Inc. (NYSE: MSI) was started as Underweight and was assigned a $60.00 price target (versus a $69.47 close) at Macquarie.
Newtek Business Services Corp. (NASDAQ: NEWT) was started at a Market Perform rating at Raymond James.
Oclaro Inc. (NASDAQ: OCLR) was raised to Buy from Hold at Stifel.
Polaris Industries Inc. (NYSE: PII) was downgraded to Market Perform from Outperform at Wells Fargo.
Realty Income Corp. (NYSE: O) was raised to Buy from Neutral and the price target was raised to $55.00 from $50.00 (versus a $48.88 close) at Bank of America Merrill Lynch.
Sally Beauty Holdings Inc. (NYSE: SBH) was downgraded to Underperform from Outperform at Wells Fargo.
Samnina-SCI Corp. (NASDAQ: SANM) was downgraded to Sell from an already cautious Neutral rating at Goldman Sachs, and the price target of $20.00 compares to a $22.97 close, after more than a 4% drop on Wednesday.
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If you missed Wednesday’s top analyst upgrades and downgrades, they included Apple, Coach, Dollar General, Micron, VMware, Waste Management and over a dozen more companies. Also, here were six key analyst downgrades that were just too large to ignore.
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