Top Analyst Upgrades and Downgrades: Alphabet, Amazon, Intel, Snap, Nabors, US Steel, Western Digital, Gigamon and Many More
Align Technology Inc. (NASDAQ: ALGN) was raised to Outperform from Neutral and the price target was raised to $155 from $105 at Robert W. Baird. Its shares closed up 0.3% at $120.09 on Thursday, but were indicated up 15.9% at $139.19 Friday morning as a reaction to earnings and its strong outlook.
American Express Co. (NYSE: AXP) was reiterated as Hold but the price target was raised to $85 from $75 (versus an $80.33 close) at Jefferies.
Boston Beer Co. (NYSE: SAM) was raised to Positive from Neutral with a $179 price target (versus a $140.80 close) at Susquehanna.
Expedia Inc. (NASDAQ: EXPE) was downgraded to Hold from Buy at Stifel.
Gigamon Inc. (NASDAQ: GIMO) was down 1.6% at $36.00 on Thursday, and shares were down 16% at $30.25 on Friday morning after earnings. Gigamon was downgraded to Market Perform from Outperform at William Blair. Credit Suisse cut its rating to Neutral from Outperform with a $29 target price.
Mattel Inc. (NASDAQ: MAT) was downgraded to Hold from Buy at Argus.
Martin Midstream Partners L.P. (NASDAQ: MMLP) was downgraded to Hold from Buy at Stifel.
Pier 1 Imports Inc. (NYSE: PIR) was down 3.1% at $6.89 on Thursday, and Citigroup started coverage on Friday with a Neutral rating and a $7 price target.
RH (NYSE: RH), the parent of Restoration Hardware, was started with a Buy rating and assigned a $56 price target at Citigroup.
Synchronoss Technologies Inc. (NASDAQ: SNCR) was downgraded to Neutral from Outperform at Credit Suisse.
Terex Corp. (NYSE: TEX) was downgraded to Neutral from Buy at Merrill Lynch.
United Rentals Inc. (NYSE: URI) was raised to Buy from Neutral at Merrill Lynch.
Zimmer Biomet Holdings Inc. (NYSE: ZBH) was downgraded to Market Perform from Outperform at Wells Fargo.
Thursday’s top analyst calls include of American Express, Cisco, Eli Lilly, First Solar, McDonald’s, Microsoft, U.S. Steel and over a dozen more.