Investing

Top Analyst Upgrades and Downgrades: Accenture, Ally, Diageo, Harley-Davidson, KB Home, NetApp, Nike, Sirius XM, Walgreens and More

Nabors Industries Ltd. (NYSE: NBR) was raised to Outperform from Market Perform at Wells Fargo. The stock closed down 0.6% at $6.40 on Thursday and was indicated up 2% at $6.52 on Friday morning. The 52-week trading range is $5.32 to $8.87, and the consensus target price is $9.65.

NetApp Inc. (NASDAQ: NTAP) was reiterated as Buy at Merrill Lynch. The price objective also was raised to $88 from $84 in the call, with the firm noting that AI workloads can bring upside to the company’s product revenues. NetApp shares closed up 1.3% at $77.30 on Thursday. The 52-week trading range is $37.55 to $79.15, and the consensus target price is $75.13.

Nike Inc. (NYSE: NKE) was last seen trading up close to 10% after beating earnings and announcing a large stock buyback plan. Wedbush Securities maintained its Outperform rating and raised its target price to $85 from $82. Credit Suisse reiterated its Outperform rating and raised its target to $90 from $78, while Deutsche Bank reiterated its Buy rating and lifted its target price to $87 from $84.

Pier 1 Imports Inc. (NYSE: PIR) was down 19% at $2.43 on Thursday on disappointing same-store sales. Wedbush Securities maintained its Neutral rating but lowered its target price to $2.25 from $3.00. The 52-week trading range is $2.15 to $5.92.

Ryder System Inc. (NYSE: R) was started with a Buy rating and assigned an $85 price target at Mizuho. The stock closed down 0.3% at $70.18 on Thursday, and it has a 52-week range of $65.65 to $90.26 and had a consensus target price of $80.89.

Santander Consumer USA Holdings Inc. (NYSE: SC) was raised to Buy from Neutral and the fair value estimate was raised to $24 from $21 at Janney, after being allowed to boost its dividend handily. Santander closed up 1.6% at $19.08 on Thursday and has a consensus target price of $21.38.

Sirius XM Holdings Inc. (NASDAQ: SIRI) was raised to Outperform from Market Perform with an $8 price target (versus a $6.82 close) at Barrington Research. Shares closed up 2.5% at $6.82 on Thursday and were indicated up another 1.1% at $6.90 on Friday. The 52-week range is $5.17 to $7.70, and the consensus target price is $6.65.

Tenet Healthcare Corp. (NYSE: THC) was downgraded to Hold from Buy but the price target was raised to $38 from $28 (versus a $34.61 close) at Jefferies. The stock was indicated down almost 2% at $33.95 on Friday morning, in a 52-week range of $12.25 to $38.81 and with a consensus target price of $31.24.

Walgreens Boots Alliance Inc. (NASDAQ: WBA) was down sharply on Thursday as Amazon confirmed it is getting into the prescription drug delivery. Jefferies downgraded Walgreens to Hold from Buy and cut the target to $65 from $85, and Robert W. Baird downgraded it to Neutral from Outperform with a lower $64 target price.

Thursday’s top analyst calls include CBS, Walt Disney, Regions Financial, Salesforce.com, T-Mobile and many more.

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