Investing

Top Analyst Upgrades and Downgrades: Alibaba, Alphabet, Amazon, Amgen, Apple, Mastercard, Nokia, Shopify, US Steel and More

Cisco Systems Inc. (NASDAQ: CSCO) was reiterated as Outperform and the price target was raised to $46 from $40 at Oppenheimer. Cisco was up 0.4% at $41.71 on Thursday but was indicated down 1.2% at $41.20 with the broader market on Friday.

DowDuPont Inc. (NYSE: DWDP) was down 2.75% at $73.50 on Thursday, but Deutsche Bank reiterated its Buy rating and raised its target to $84 from $82. Instinet reiterated its Buy rating and raised its target price to $84 from $83.

Edwards Lifesciences Corp. (NYSE: EW) was up 0.3% at $126.98 ahead of earnings and was indicated up about 1.5% at $129.00 after earnings on Friday morning. Edwards Lifesciences saw multiple positive ratings along with higher price targets: Jefferies ($150 from $135), Stifel ($155 from $130), Wells Fargo ($150 from $141) and Canaccord Genuity ($174 from $140).

Hershey Co. (NYSE: HSY) was down almost 6% at $103.73 on Thursday after earnings missed expectations, versus a 52-week range of $101.61 to $116.49. Multiple target price cuts were seen: Barclays to $107, Citi to $120, Deutsche Bank to $109 and RBC to $116. Credit Suisse downgraded Hershey to Neutral from Outperform.

Kroger Co. (NYSE: KR) was reiterated as Outperform and the price target was raised to $38 from $34 (versus a $30.21 close) at RBC Capital Markets.

Mastercard Inc. (NYSE: MA) was up 2.3% on Thursday after earnings, but the stock was indicated down 0.8% on Friday with the broader market drop. Mastercard saw multiple targets being raised: Barclays ($195 from $178), BMO Capital Markets ($205 from $174), Deutsche Bank ($208 from $185), Keefe Bruyette & Woods ($205 from $178) and RBC Capital Markets ($209 from $180).

Nokia Corp. (NYSE: NOK) was raised to Buy from Neutral with a $7.50 price target (versus a $5.40 close) at MKM Partners. Nokia closed up 12% at $5.40 on Thursday and was indicated up another 2.2% at $5.52 on Friday.

PG&E Corp. (NYSE: PCG) was started as Neutral at UBS.

Shopify Inc. (NYSE: SHOP) was reiterated as Outperform at CIBC and the target price was raised to $160 from $120 (versus a $126.28 close). Shopify has a 52-week range of $51.40 to $131.16, and its consensus target was set at $118.44.

Southern Co. (NYSE: SO) was started as Neutral at UBS.

United States Steel Corp. (NYSE: X) was maintained as Market Perform but the price target was raised to $40 from $33 at BMO Capital Markets.

Visa Inc. (NYSE: V) was up 1.2% at $125.72 on Thursday’s earnings day but shares were indicated down 2.5% at $122.50 on Friday with the broader market drop. Deutsche Bank reiterated its Buy rating and raised its target to $160 from $139. RBC Capital Markets maintained its Outperform rating and raised its target to $150 from $142. Barclays maintained its Outperform rating and raised its target to $150 from $145.

Xcel Energy (NYSE: XEL) was started as Neutral at UBS.

Warren Buffett even scored a key analyst upgrade on Thursday.

Wedbush made a key change to its Best Ideas List of picks for 2018.

Merrill Lynch has als0 refreshed its top picks for 2018 as well.

Thursday’s top analyst upgrades and downgrades included shares of AMD, Caterpillar, Chipotle, eBay, Facebook, Microsoft, Sirius XM, Starbucks and many more companies.

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