Top Analyst Upgrades and Downgrades: Amazon, Chipotle, Facebook, General Electric, Intel, Microsoft, Nike, Snap, Symantec and More

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Nike Inc. (NYSE: NKE) was raised to Buy from Hold and lifted its price target to $77 from $74 (versus a $68.05 close) at HSBC, with the firm noting the resilience of the athleisure trends. Nike has a 52-week range of $50.35 to $70.25 and a consensus target price of $71.27.

NovoCure Ltd. (NASDAQ: NVCR) was reiterated as Outperform and the price target was raised to $33 from $29 (versus a $26.50 close, after a 9.7% gain) at Wedbush. The firm sees a ramp up creating a strong start for 2018 and is positive on its expansion into targeting mesothelioma.

NXP Semiconductors N.V. (NASDAQ: NXPI) was raised to Buy from Hold at SunTrust Robinson Humphrey. The shares closed up 1.3% at $102.49 on Thursday and were indicated up 1.4% at $103.88 on Friday. The consensus target price is closer to $119.

Oaktree Capital Group LLC (NYSE: OAK) was downgraded to Market Perform from Outperform with a $4 price target at Keefe Bruyette & Woods.

Oil States International Inc. (NYSE: OIS) was downgraded to Neutral from Overweight with a $32 price target (versus a $37.15 close) at JPMorgan.

Proofpoint Inc. (NASDAQ: PFPT) was last seen down 1.3% at $122.00 on Friday, despite record revenues and earnings for the first quarter. Wedbush reiterated its Outperform rating with a $136 price target.

Snap Inc. (NYSE: SNAP) was maintained as Neutral with a $12.50 price target (versus a $14.70 close) at Wedbush, although the firm did project that Snap revenue growth is likely to be above consensus despite a redesign backlash. Snap has a consensus target price of $15.42 and a 52-week range of $11.28 to $23.57.

Splunk Inc. (NASDAQ: SPLK) was raised to Outperform with a $118 price target (versus a $100.92 close) at Wedbush. The firm sees Splunk as becoming a must-have in security.

Starbucks Corp. (NASDAQ: SBUX) was up almost 3% at $59.38 ahead of earnings but was down over 1% at $58.64 on Friday morning. Starbucks was maintained as Neutral with a $58 price target (versus a $59.38 close) at Wedbush. The 52-week range is $52.58 to $64.87.

Sunoco L.P. (NYSE: SUN) was downgraded to Underperform from Hold with a $22 price target (versus a $27.75 close) at Jefferies.

Symantec Corp. (NASDAQ: SYMC) was downgraded to Market Perform from Outperform at JMP Securities. The stock closed at $28.64 and has a 52-week range of $24.93 to $34.20.

USG Corp. (NYSE: USG) was raised to Neutral from Underperform with a $38 price target (versus a $40.21 close) at Credit Suisse.

Western Digital Corp. (NASDAQ: WDC) was reiterated as Buy and the price target was raised to $110 from $105 (versus an $87.91 close) at Stifel. Western Digital has a 52-week range of $76.59 to $106.96 and a consensus target price of $117.54.

Thursday’s top analyst upgrades and downgrades included Amazon, Chipotle Mexican Grill, Facebook, General Electric, Intel, Microsoft, Nike, Snap, Symantec and many more.

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