Investing
Top Analyst Upgrades and Downgrades: Akamai, Barclays, Chevron, Duke Energy, Expedia, First Solar, Kinder Morgan, Netflix and More
January 11, 2018 8:40 am
Last Updated: January 12, 2020 4:36 am
Expedia Inc. (NASDAQ: EXPE) was raised to Overweight from Equal Weight at Morgan Stanley. Expedia closed at $127.18 on Wednesday and was indicated up 3% at $131.02 on Thursday. Its consensus target price was $151.31 and the 52-week range is $115.55 to $161.00.
First Solar Inc. (NASDAQ: FSLR) was started with a Buy rating at Vertical Group. Shares closed down 0.5% at $69.64 on Wednesday and were indicated up 1.2% at $70.48 on Thursday.
Harsco Corp. (NYSE: HSC) was reiterated as Buy and the price target was raised to $24 from $21 (versus a $19.05 close) at Argus.
Hawaiian Holdings Inc. (NASDAQ: HA) was downgraded to Hold from Buy at Argus, with the firm worried about heightened competition for the Hawaiian airline.
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was downgraded to Neutral from Overweight with a $123 price target (versus a $120.12 close) at JPMorgan.
KB Home (NYSE: KBH) was maintained as Neutral at Credit Suisse, but the price target was raised to $31 from $25 in the call.
Kinder Morgan Inc. (NYSE: KMI) was downgraded to Market Perform from Outperform at Wells Fargo.
Lennar Corp. (NYSE: LEN) was maintained as Neutral at Credit Suisse, but the price target was raised to $67 from $55 in the call.
Netflix Inc. (NASDAQ: NFLX) was started with an Overweight rating and assigned a $245 price target (versus a $212.52 close) at Barclays. Netflix received multiple upgrades and target hikes in the first week of 2018 alone. The stock closed up 1.5% at $212.52 on Wednesday and was indicated up almost 1% more at $214.50 on Thursday, above its prior high of $213.64.
Southern Co. (NYSE: SO) was downgraded to Sell from Neutral with a $45 price target (versus a $45.96 close) at Goldman Sachs.
STMicroelectronics N.V. (NYSE: STM) was raised to Outperform from Neutral at Credit Suisse in a European chip call. The American depositary shares were up 0.2% at $23.49 on Wednesday and indicated up 2.4% at $24.05 on Thursday.
Tractor Supply Co. (NASDAQ: TSCO) was downgraded to Neutral from Outperform, but the price target was raised to $80 from $72 (versus a $78.53 close), at Wedbush Securities. The firm noted that the company’s key drivers are improving but its margin pressures will continue to weigh on the stock.
VMware Inc. (NYSE: VMW) was raised to Outperform from Market Perform at Cowen.
XPO Logistics Inc. (NYSE: XPO) was reiterated as Outperform at Credit Suisse, but the target price was raised to $106 from $79 in the call.
Credit Suisse has raised its rate hike expectations for 2018, up to three hikes from a prior view of two, and taking the target federal funds range to 2.00% to 2.25%.
Wednesday’s top analyst calls include BHP Billiton, CarMax, Cisco Systems, Deere, 3M, Target, United Continental, Wells Fargo and about two dozen more.
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