Investing
Top Analyst Upgrades and Downgrades: AT&T, Charter Communications, Comcast, Darden Restaurants, Spotify, Wingstop and More
June 7, 2018 8:45 am
Last Updated: January 11, 2020 10:40 pm
Spotify N.V. (NASDAQ: SPOT) was raised to Buy from Neutral at Buckingham Research, and the price target for the music streaming leader went from $175 to $195. The consensus price target is $153.34, and the stock closed trading on Wednesday at $165.64.
Wingstop Inc. (NASDAQ: WING) was raised to Outperform from Neutral at Wedbush. The 52-week trading range for the shares is $29.54 to $55.85, and the consensus price target is $53.75. The stock closed on Wednesday at $51.88.
Other key analysts upgrades and downgrades were seen in the following:
ArcelorMittal Inc. (NYSE: MT) was downgraded to Sell from Buy at UBS. The 52-week trading range for the steel company is $19.59 to $39.70, and the consensus price target is $43.03. The shares closed Wednesday at $35.07, up almost 5%, but traded down in Thursday’s premarket. This could be a tariff-related call at UBS.
Axon Enterprise Inc. (NASDAQ: AAXN) was downgraded to Neutral from Buy and a price target of $66 at JPMorgan. The consensus target is set at $49.17, and the 52-week trading range is $20.57 to $69.09. With the stock closing Wednesday at $67.90, this may be a valuation call.
Canadian Solar Inc. (NASDAQ: CSIQ) was raised to Neutral from Underweight at JPMorgan. The 52-week trading range is $12.24 to $19.09. The consensus price target is $17.52, and the stock ended trading on Wednesday at $12.44.
Donnelley Financial Solutions Inc. (NYSE: DFIN) was initiated at New Buy by D.A. Davidson. The 52-week trading range is $15.22 to $23.75, and the consensus price target is set at $22.50. The shares closed Wednesday at $16.16.
Kornit Digital Ltd. (NASDAQ: KRNT) was resumed in coverage with a Buy rating at Stifel. The analysts have a $21 price target and noted that 2018 represents a rebound year for the company, putting it back on its long-term growth trajectory as it gains traction for its direct-to-garment digital printing solutions. The 52-week trading range is $11.70 to $21.80, and the consensus price target is $18.60. The shares ended Wednesday at $16.70.
24/7 Wall St.TrueCar Inc. (NASDAQ: TRUE) was downgraded to Sell from Neutral at Goldman Sachs. The 52-week trading range is $8.75 to $21.75. The consensus price target is $13.73, and the stock closed Wednesday at $9.87.
Wellcare Health Plans Inc. (NYSE: WCG) was started with a Buy rating and a $265 price objective at Argus. The consensus target is lower at $243.85. The shares closed Wednesday at $229.23.
Xencor Inc. (NASDAQ: XNCR) was started with a Buy rating and a $56 price target at BTIG Research. The consensus target is $40, and the shares ended trading on Wednesday at $41.79.
In case you missed it, here are Wednesday’s top analyst upgrades and downgrades included Alkermes, Cigna, International Paper, Medtronic, Tesla, Western Digital and more.
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