Investing
Top Analyst Upgrades and Downgrades: Amazon, Chipotle, Facebook, General Electric, Intel, Microsoft, Nike, Snap, Symantec and More
April 27, 2018 9:10 am
Last Updated: January 12, 2020 12:22 am
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.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
