Top Analyst Upgrades and Downgrades: ADM, Boeing, Hess, LogMeIn, NetApp, Sunrun, United Continental, Valeant, XPO and More

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J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) was started as Hold with a $119 target price at Stifel.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) was started as Hold with a $48 target price at Stifel.

LogMeIn Inc. (NASDAQ: LOGM) was started as Overweight and assigned a $135 price target at KeyBanc Capital Markets. The stock closed up 1.6% at $114.15 on Thursday, in a 52-week range of $98.95 to $134.80 and with a prior consensus target price of $144.70.

NetApp Inc. (NASDAQ: NTAP) was up 1.6% at $62.90 as it held its analyst day, raised its dividend, added a 44 billion share buyback plan and issued long-term targets to 2021. BMO raised its target price to $73 from $63, and Susquehanna raised its target to $75 from $65. Merrill Lynch has a Buy rating and raised its target to $78 from $74. NetApp has a 52-week range of $37.43 to $65.58.

Palatin Technologies Inc. (NYSE: PTN) was started as Buy and assigned a $5 price target at H.C. Wainwright.

Prologis Inc. (NYSE: PLD) was raised to Buy from Neutral and the price target was raised to $71 from $67 at Credit Suisse.

Sunrun Inc. (NASDAQ: RUN) was downgraded in a double-downgrade to Underperform from Buy at Merrill Lynch, but the firm raised its price objective to $10 from $9. It sees limited upside now that the shares have risen 66% in 2018 and while headwinds are coming from the ITC roll-off, higher LIBOR rates and potential for additional VC exits. Sunrun has a 52-week range of $4.21 to $10.16, and the consensus target price was $10.22.

United Continental Holdings Inc. (NYSE: UAL) was maintained as Equal Weight but the price target was raised to $880 from $76 (versus a $70.69 close) at Morgan Stanley. The 52-week range is $56.51 to $83.04, and the consensus target price was $82.44.

USA Truck Inc. (NASDAQ: USAK) was started as Buy with a $32 target price at Stifel.

Valeant Pharmaceuticals International Inc. (NYSE: VRX) was raised to Neutral from Underperform and the price target was raised to $15 from $10 at Mizuho. Shares were flat at $15.79 on Thursday but were indicated up 0.3% at $15.85 on Friday. The consensus target price was $16.75 ahead of this call.

Werner Enterprises Inc. (NASDAQ: WERN) was started as Buy with a $43 target price at Stifel.

Wolverine World Wide Inc. (NYSE: WWW) was reiterated as Outperform with a $36 price target (versus a $29.93 close) at Wedbush Securities, which noted that there is a greater probability of upside to earnings while the stock has drifted.

XPO Logistics Inc. (NYSE: XPO) was reiterated as Buy and the price objective was raised to $100 from $100 (versus a $98.64 close) after company meetings highlighted its growth potential and a favorable freight market allowing its organic growth to run above targets and with one or two acquisitions being highly likely in 2018.

Thursday’s top analyst calls included Advanced Micro Device, American Express, Broadcom, Citigroup, Conatus Pharmaceuticals, Intel, Micron Technology, Nvidia, Spotify, Wells Fargo and many more.

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