Top Analyst Upgrades and Downgrades: Biogen, Broadcom, Caterpillar, Cree, GrubHub, Intel, 3M, MetLife, Verizon and More
GrubHub Inc. (NYSE: GRUB) was downgraded to Neutral from Buy with a $100 price target (versus a $98.03 close) at Roth Capital. It has a 52-week range of $34.67 to $112.41 and a consensus price target of $101.55. Shares were down 4% on Tuesday and down 2.2% at $95.90 on Wednesday.
Hasbro Inc. (NASDAQ: HAS) was maintained as Buy at Argus, but the price target was lowered to $106 (versus an $86.26 close). Hasbro has a 52-week range of $79.00 to $116.20.
Healthcare Realty Trust (NYSE: HR) was downgraded to Hold from Buy at Stifel.
Intel Corp. (NASDAQ: INTC) was reiterated as Outperform at Credit Suisse, and the price target was raised to $60 from $55. The firm sees Intel posting upside to first-quarter and second-quarter results as the basis for the higher target. Intel shares closed up 0.7% at $51.45 on Tuesday and were indicated up 0.7% more at $51.85 on Wednesday morning. The 52-week range is $33.24 to $54.35, and the consensus target price is $54.22.
Lincoln National Corp. (NYSE: LNC) was started as Neutral with a $74 price target at Credit Suisse.
3M Co. (NYSE: MMM) was reiterated as Buy at Argus, with the firm saying the post-earnings pullback offers a favorable entry point to new buyers. 3M closed down 6.8% at $201.13 on Tuesday, and the conglomerate has a 52-week trading range of $193.54 to $259.77. The consensus price target is $237.92.
MetLife Inc. (NYSE: MET) was started as Outperform with a $67 price target at Credit Suisse. Its shares closed up 0.4% at $47.61 on Tuesday despite the market sell-off, and they have a 52-week range of $43.38 to $55.91. The consensus target price had been $54.20.
PPG Industries Inc. (NYSE: PPG) was raised to Overweight from Neutral with a $118 price target (versus a $105.77 close) at JPMorgan.
Principal Financial Group Inc. (NYSE: PFG) was started as Neutral with a $62 price target at Credit Suisse.
Prudential Financial Inc. (NYSE: PRU) was started as Neutral with a $102 price target at Credit Suisse.
Roper Technologies Inc. (NYSE: ROP) was reiterated as Buy at Argus, with the firm saying that the recent weakness offers a buying opportunity.
TD Ameritrade Holding Corp. (NASDAQ: AMTD) was reiterated as Underperform and the price target was cut to $58 from $59 (versus a $59.06 close) at Credit Suisse. The firm sees TD Ameritrade underperforming the retail broker peer group and it sees more upside in Schwab and E*Trade.
Verizon Communications Inc. (NYSE: VZ) was raised to Buy from Hold with a $58 price target (versus a $49.67 close) at SunTrust Robinson Humphrey. UBS raised it to Buy from Neutral with a $55 price target. The shares closed up 2% at $49.67 on Tuesday despite overall market selling. Verizon has a 52-week trading range of $42.80 to $54.77.
Voya Financial Inc. (NYSE: VOYA) was started as Outperform with a $60 price target at Credit Suisse.
Walt Disney Co. (NYSE: DIS) was raised to Market Perform from Underperform at BMO Capital Markets. Disney has a 52-week range of $96.20 to $116.10 and a consensus price target of $119.90.
Wayfair Inc. (NYSE: W) was started as Equal Weight with a $75 price target (versus a $68.77 close) at Morgan Stanley.
Tuesday’s top analyst upgrades and downgrades were in shares of Alcoa, Alphabet, BP, Epizyme, FirstEnergy, First Solar, KeyCorp, Nvidia, Vale and many more.