Top Analyst Upgrades and Downgrades: Akamai, Finisar, Helmerich & Payne, Kohl's, Tiffany, Williams Partners and More
The markets vacillated back and forth on Thursday, finally ending higher as investors kept an eye on a meeting at the White House with steel and aluminum workers, where the president officially announced trade tariffs but excluded Canada and Mexico. The futures on Friday morning looked higher on the back of a massive jobs report.
With the bull market now nine years old this week, the one trend that has prevailed for more than five years has been for investors to buy all the big pullbacks. Investors also still have to decide how they want to be positioned for the rest of 2018 and beyond.
24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.
Additional color and commentary has also been added on some of these daily analyst calls. The consensus analyst price target data are from the Thomson Reuters sell-side research service.
These are this Friday’s top analyst upgrades, downgrades and initiations.
Akamai Technologies Inc. (NASDAQ: AKAM) was raised to Overweight from Neutral at JPMorgan. The 52-week trading range is $44.65 to $75.19. The Wall Street consensus price target is $72.05. The stock closed Thursday at $75.08 a share.
CyberArk Software Ltd. (NASDAQ: CYBR) was raised to Buy from Neutral at Merrill Lynch. The 52-week trading range is $39.34 to $55.63, and the consensus price target is set at $54.63. The stock closed Thursday at $50.31 a share.
Finisar Corp. (NASDAQ: FNSR) was downgraded to Hold from Buy at Needham. The 52-week trading range is $16.64 to $29.41. The posted consensus price target is $22.77. The stock closed Thursday at $20.22. Shares traded down over 10% in Friday’s premarket.
Helmerich & Payne Inc. (NYSE: HP) was raised to Positive from Neutral at Susquehanna. The 52-week trading range for the oil services company is $42.16 to $75.02. The consensus price target is posted at $64.33. The stock closed Thursday at $65.02
Kohl’s Corp. (NYSE: KSS) was raised to Outperform from Market Perform at Cowen. The 52-week trading range for the discount retailer is $35.16 to $69.48. The consensus price target is set at $69. The shares closed Thursday at $62.19 apiece.
Telecom Italia SpA (NYSE: TI) was raised to Buy from Neutral at Goldman Sachs. The 52-week trading range for the stock is $7.57 to $10.53. The posted consensus price target is $19.35. The stock closed Thursday at $10.30.
Tiffany & Co. Inc. (NYSE: TIF) was started with a Neutral rating at Loop Capital, along with a $103 target price. That compares with the consensus price objective of $111.18. The 52-week trading range for the luxury jewelry store is $84.15 to $111.48. The stock closed Thursday at $102.09
Urban Outfitters Inc. (NASDAQ: URBN) was started with a Buy rating a Loop Capital, which put a $46 price target on it. The Wall Street consensus target is set at $37.73. The stock has traded in a 52-week range of $16.19 to $38.28. The shares closed Thursday at $35.13.
Williams Partner L.P. (NYSE: WPZ) was raised to Overweight from Neutral at JPMorgan. The 52-week range for the stock is $34.74 to $44.06. The consensus price target was last seen at $46.22. The shares closed the day on Thursday at $36.14.
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Other key analysts upgrades and downgrades were seen in the following.