Investing

Top Analyst Upgrades and Downgrades: Biogen, Box, Corning, GrubHub, Hyatt, Quality Systems, Zillow and More

Verint Systems Inc. (NASDAQ: VRNT) was raised to Outperform from In-line at Imperial Capital. The firm also raised the price target from $47 to $49.50. That compares with the consensus target of $49.20. Much of the firm’s optimism centers around improving margins in the Cybersecurity division and a greater percentage of more predictable, medium-sized contracts division. The stock closed Wednesday at $42.35.

Zillow Group Inc. (NASDAQ: ZG) was resumed in coverage with a Buy rating and a $65 price target at Canaccord Genuity. That compares with the consensus target of $56.06. The stock closed Wednesday at $57.38.

Other key analysts upgrades and downgrades were seen in the following.

Arconic Inc. (NYSE: ARNC) was downgraded to Hold from Buy at Argus. The 52-week trading range is $16.66 to $31.57, and the consensus price target is $23.11. The shares ended trading on Wednesday at $18.12.

Arena Pharmaceuticals Inc. (NASDAQ: ARNA) was started with an Outperform rating and a $64 price target at RBC Capital Markets. That compares with the consensus target of $61.50. The shares closed trading on Wednesday at $44.24.

Avalon Bay Communities Inc. (NYSE: AVB) was downgraded to Neutral from Buy at BTIG Research. The 52-week trading range for the shares is $152.65 to $199.52, and the consensus price target is $186.50.

Belmond Ltd. (NYSE: BEL) was started with a Hold rating and a $13 target price at Jefferies. That compares with a consensus price objective of $12.67. The stock closed Wednesday at $13.05.

First Hawaiian Inc. (NASDAQ: FHB) was raised to Buy from Neutral at Merrill Lynch. The 52-week trading range for the Honolulu-based bank is $26.30 to $32.36. The consensus price target is set at $31.90, and the shares closed Wednesday at $29.21.

Momo Inc. (NASDAQ: MOMO) was raised to Buy from Neutral at UBS. Its 52-week trading range is $22.49 to $46.69, and the consensus price objective is $46.81. The stock closed Wednesday at $43.13.

SS&C Technologies Holdings Inc. (NASDAQ: SSNC) was started with an Outperform rating and a $60 price target at Credit Suisse. The consensus target is $58.27, and the stock closed Wednesday at $49.81.

Sunstone Hotel Inc. (NYSE: SHO) was started with a Hold rating and a $17 price target at Jefferies. That compares with a consensus target of $16.04. The 52-week trading range is $14.09 to $17.49, and the stock closed Wednesday at $17.42.

In case you missed it, Wednesday’s top analyst upgrades and downgrades included AbbVie, Apple, Broadcom, Exxon Mobil, Fabrinet, HP, Match, Target and more.