Top Analyst Upgrades and Downgrades: Alphabet, Amazon, Apple, Coca-Cola, Comcast, EA, Etsy, Facebook, FuelCell, Snap, Walmart and More
Etsy Inc. (NASDAQ: ETSY) was downgraded to Underweight from Equal Weight with a $17 price target (versus a $20.56 close) at Morgan Stanley. The shares were up 1.5% on Thursday, but they were indicated down over 4% at $19.70 on Friday. Etsy has a 52-week range of $9.41 to $21.86, and its consensus analyst target was $18.20.
Facebook Inc. (NASDAQ: FB) already has seen multiple analyst target hikes, but on Friday we saw Morgan Stanley raise its target to $215 from $200, and SunTrust Robinson Humphrey raised its target to $240 from $215. Facebook was indicated down 4.7% at $178.90 after changes were made to its newsfeed, and its 52-week trading range is $126.78 to $188.90.
FuelCell Energy Inc. (NASDAQ: FCEL) closed up 8.6% at $2.01 on Thursday after earnings. B. Riley has now raised its rating to Buy from Neutral and its price target to $3.50 from $2.50. The stock was indicated up another 1.5% at $2.04 on Friday, and it has a 52-week range of $0.80 to $2.49.
Humana Inc. (NYSE: HUM) was raised to Buy from Hold with a $333 price target (versus a $265.21 close) at Jefferies. Its shares closed up 0.8% at $265.21 on Thursday and were indicated up 1.1% at $268.22 on Friday. Humana has a 52-week range of $186.25 to $267.12. The consensus price target was $273.00 ahead of this call.
Kohl’s Corp. (NYSE: KSS) was raised to Sector Perform from Underperform but the price target was raised to $60 from $39 at RBC Capital Markets. It was also raised to Overweight with a $72 price target at JPMorgan. Kohl’s closed up almost 4% at $61.12 on Thursday and was indicated up another 3.6% at $63.35 on Friday, with a prior consensus target price of $55.50 and a 52-week high (from Thursday) of $61.16.
New Residential Investment Corp. (NYSE: NRZ) was reiterated as Neutral but the price target was raised to $20 (versus a $17.74 close) at Wedbush.
Santander Consumer USA Holdings Inc. (NYSE: SC) was raised to Overweight from Neutral with a $20.50 price target (versus an $18.55 close) at JPMorgan.
SAP A.G. (NYSE: SAP) was downgraded to Market Perform from Outperform with a $114 price target (versus a $109.64 close) at Cowen.
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Snap Inc. (NYSE: SNAP) was downgraded to Underperform from Market Perform at Raymond James, noting that user growth will remain challenging. Snap closed at $14.60 on Thursday, but we also saw Morgan Stanley (with its Underperform rating) lower its target to $10 from $11 in another cautious call. Snap, which is a social media company rather than a camera company, closed down 0.3% on Thursday and was indicated down 1.7% more at $14.36 on Friday. Snap’s 52-week low is $11.28, and the consensus target price was $12.33 before these calls.
Synaptics Inc. (NASDAQ: SYNA) was raised to Overweight with a $60 price target (versus a $43.90 close) at KeyBanc Capital Markets.
Texas Roadhouse Inc. (NASDAQ: TXRH) was started as Outperform and assigned a $67 price target (versus a $57.03 close) at Wedbush. The firm sees no slowdown in same-store sales despite long-running gains already seen.
Wal-Mart Stores Inc. (NYSE: WMT) was reiterated as Outperform and the price target was raised to $113 from $110 at Raymond James. Walmart closed up 0.3% at $100.02 on Thursday, in a 52-week range of $65.28 to $102.35 and with a prior consensus target price of $103.20.
Thursday’s top analyst calls included Akamai, Barclays, Chevron, Duke Energy, Expedia, First Solar, Kinder Morgan, Netflix and many more.