Top Analyst Upgrades and Downgrades: Alcoa, Apple, Amazon, Facebook, Kinder Morgan, Philip Morris, P&G, Twitter, Williams Companies and More
Globant S.A. (NYSE: GLOB) was started with a Hold rating and assigned a $48 price target (versus a $44.88 close) at HSBC.
Kinder Morgan Inc. (NYSE: KMI) was started as Buy with a $21 price target (versus a $16.54 close) at Deutsche Bank. It has a 52-week range of $14.69 to $21.25, and it had a consensus target price of $21.35.
OneMain Holdings Inc. (NYSE: OMF) was raised to Buy from Neutral with a $40 price target (versus a $30.47 close) at Citigroup. Its consensus target price was already right at $39.50.
Philip Morris International Inc. (NYSE: PM) was down over 15% to $85.64 on Thursday for its worst trading day in years, based on the degree of cigarette case volumes declining. Stifel maintained Philip Morris as Buy but cut its price target to $100 from $125. Goldman Sachs maintained its Buy rating but removed the stock from the Conviction Buy list and cut its target to $102 from $126.
Procter & Gamble Co. (NYSE: PG) was downgraded to Hold from Buy at Argus. Stifel maintained it as Hold but cut its price target to $83 from $85. Deutsche Bank and Argus both downgraded P&G to Hold from Buy. Morgan Stanley maintained an Equal Weight rating but cut its price target to $80 from $85. The shares closed down 3.3% at $74.95 on Thursday and were indicated down 1.1% at $74.08 on Friday.
Skechers USA Inc. (NYSE: SKX) was downgraded to Neutral from Outperform and the price target was cut to $34 from $46 at Wedbush Securities, which noted a lack of visibility around leveraging the model and earnings power.
Tractor Supply Co. (NASDAQ: TSCO) was raised to Overweight from Neutral at Piper Jaffray.
Twitter Inc. (NYSE: TWTR) was raised to Buy from Neutral at Maxim Group. MKM Partners raised its rating on the stock to Buy from Neutral with a $40 price target. Earlier this week, Twitter was raised to Equal Weight from Underweight at Morgan Stanley.
Whiting Petroleum Corp. (NYSE: WLL) was raised to Equal Weight from Underweight with a $42 price target (versus a $39.34 close) at Morgan Stanley. It has a 52-week range of $15.88 to $40.47, and it had a consensus target price of $37.05.
Williams Companies Inc. (NYSE: WMB) was started as Buy with a $29 price target (versus a $25.55 close) at Deutsche Bank. The consensus target price is $34.79. The 52-week range is $24.00 to $33.67.
Wingstop Inc. (NASDAQ: WING) was started as Buy with a $59 price target (versus a $50.83 close) at BTIG. The consensus target price is $46.33, and the 52-week range is $28.00 to $52.00.
Merrill Lynch sees four oil services leaders soaring as the price of oil has risen well into profitable ordering trends.
Thursday’s top analyst calls included Adtran, Alcoa, Clorox, Kinder Morgan, Lam Research, MGIC, Sprint, Walmart and many more.