Investing
Top Analyst Upgrades and Downgrades: Axalta, Baidu, Cypress Semi, Merck, Microsoft, Switch and More
October 31, 2017 9:10 am
Last Updated: March 20, 2020 11:24 am
Aduro BioTech Inc. (NASDAQ: ADRO) was started as Outperform with a $15 price target (versus an $8.25 close) at Oppenheimer.
Camping World Holdings Inc. (NYSE: CWH) was reinstated as Outperform with a $45 price target at Credit Suisse.
Cerner Corp. (NASDAQ: CERN) was raised to Outperform from Neutral at Robert W. Baird.
Embraer S.A. (NYSE: ERJ) was downgraded to Neutral from Overweight with a $21 price target (versus an $18.83 close) at JPMorgan. This is less than a week after a very positive Credit Suisse report, but the American depositary shares were down 2.1% on Monday and were indicated down another 1.4% at $18.57 on Tuesday.
Heron Therapeutics Inc. (NASDAQ: HRTX) was started as Outperform and assigned a $27 target price (versus a $15.38 close) at Oppenheimer. Heron shares were indicated up 7% at $16.50 on Tuesday, in a 52-week range of $12.21 to $20.85.
Iconix Brand Group Inc. (NASDAQ: ICON) was downgraded to Neutral from Buy with a $2 price target (versus a $1.85 close) at Roth Capital.
Interpublic Group of Companies Inc. (NYSE: IPG) was downgraded to Hold from Buy at Argus after recent earnings disappointed.
Nautilus Inc. (NYSE: NLS) was downgraded to Hold from Buy with a $16 price target (versus a $16.30 close) at SunTrust Robinson Humphrey.
Nexstar Media Group Inc. (NASDAQ: NXST) was started with a Buy rating and assigned a $79 price target (versus a $62.80 close) at FBR Capital Markets.
Novavax Inc. (NASDAQ: NVAX) was raised to Buy from Neutral at Citigroup. The shares closed down almost 3% at $1.02 on Monday but were indicated up 11% at $1.14 on Tuesday after the analyst call. Its 52-week range is $0.73 to $1.78 and the market cap before the pop was just $295 million.
Ollie’s Bargain Outlet Holdings Inc. (NASDAQ: OLLI) was started as Overweight and assigned a $53 price target (versus a $43.45 close) at Stephens.
Omega Healthcare Investors Inc. (NYSE: OHI) was downgraded to Hold from Buy at Stifel.
Omnicom Group Inc. (NYSE: OMC) was raised to Buy from Hold with a target price of $82 at Argus.
Sinclair Broadcast Group Inc. (NASDAQ: SBGI) was started as Buy with a $43 price target (versus a $31.35 close) at FBR Capital Markets.
Tyson Foods Inc. (NYSE: TSN) was started as Overweight and assigned an $82 price target (versus a $71.47 close) at KeyBanc Capital Markets.
Monday’s top analyst upgrades and downgrades were in AMD, Chevron, General Motors, Intel, Merck, Nokia, Under Armour and many more.
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