U.S. Xpress Enterprises Inc. (NYSE: USX) recently came back from private equity land in an IPO, and numerous Wall Street firms began coverage today: Stifel with a Buy rating and a $22 price target, Wells Fargo with an Outperform rating and a $21 price objective, JPMorgan at Overweight with a $20 target, and Merrill Lynch also has a $20 target and a Buy rating. Since the IPO, the shares have traded between $12.61 and $16.94 apiece. The stock closed Friday at $15.77.
Walgreens Boots Alliance Inc. (NYSE: WBA) had coverage of the stock resumed at Citigroup with a Neutral rating, which is a downgrade from Buy. The 52-week trading range for the retail pharmacy giant is $59.07 to $83.89. The consensus price target is $71.50, and the shares ended trading on Friday at $63.30.
Other key analysts upgrades and downgrades were seen in the following:
AK Steel Inc. (NYSE: AKS) was downgraded to Hold from Buy at Deutsche Bank. The 52-week trading range is $4.00 to $6.88, and the consensus price target is $5.65. The stock closed Friday at $4.59.
C&J Energy Services Inc. (NYSE: CJ) was downgraded to Neutral from Buy at Citigroup. Shares of the oilfield services company have traded between $22.40 and $36.57 over the past year. The consensus price target is set at $35.67, and the stock closed Friday at $23.30.
CVS Health Corp. (NYSE: CVS) was resumed in coverage with a Buy rating at Citigroup. The 52-week trading range is $60.14 to $84.00, and the consensus price target is $85.25. The stock ended trading on Friday at $66.48.
Flower Foods Inc. (NYSE: FLO) was downgraded to Hold from Buy at Vertical Group. Over the past year, the stock has traded between $16.80 and $22.82 a share. The consensus price target is $21.75, and the shares closed Friday at $21.32.
GameStop Inc. (NYSE: GME) was started with a Buy rating and an $18 price target at Jefferies. That compares with a consensus target of $14.20, though the shares ended trading Friday at $15.15.
PetMed Express Inc. (NASDAQ: PETS) was downgraded to Sell from Hold at Craig Hallum. The 52-week trading range is $31.87 to $57.90, and the consensus price target is $46.75. The shares closed Friday at $42.62.
SeaWorld Entertainment Inc. (NASDAQ: SEAS) was downgraded to Market Perform from Outperform at Wells Fargo. The stock has traded in a 52-week range of $10.42 to $22.96, and the consensus price target is $17.68. The stock closed Friday at $22.37.
Six Flags Entertainment Corp. (NYSE: SIX) was downgraded to Market Perform from Outperform at Wells Fargo. The theme park company’s stock has traded between $51.25 and $73.38 per share over the past year. With the consensus price target set at $73.80, this could be a valuation call. The shares closed at $71.77 on Friday.
In case you missed it, here are last Friday’s top analyst upgrades and downgrades included Apple, Biogen, Costco, Kroger, Humana, Patterson-UTI and more.
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