Top Analyst Upgrades and Downgrades: AT&T, Comcast, Disney, Hess, Netflix, Petrobras, Sirius XM, Texas Instruments, Verizon and More
Myriad Genetics Inc. (NASDAQ: MYGN) was raised to Overweight from Equal Weight with a $55 price target (versus a $38.03 close) at Morgan Stanley.
Netflix Inc. (NASDAQ: NFLX) was started as Outperform and assigned a whopping $500 price target at Credit Suisse. The firm noted that its content ramp up is adding to the company’s base.
Pan American Silver Corp. (NASDAQ: PAAS) was downgraded to Hold from Buy at Deutsche Bank.
Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was given a double-upgrade to Overweight from Underweight with a $14 price target (versus a $10.67 close) at Barclays. The 52-week range is $8.17 to $17.20.
Proofpoint Inc. (NASDAQ: PFPT) was reiterated as Outperform with a $136 price target (versus a $118.46 close) at Wedbush. The call is ahead of earnings, with the firm noting that it expects a clean quarter with continued momentum.
Sirius XM Holdings Inc. (NASDAQ: SIRI) was started as Outperform with an $8.50 price target at Credit Suisse. The firm feels the growth and run here is far from done.
Steven Madden Ltd. (NASDAQ: SHOO) was downgraded to Neutral from Outperform with a $55 price target (versus a $54.15 close) at Wedbush, based in part on valuation and upside to expectations being priced in.
Tableau Software Inc. (NYSE: DATA) was raised to Overweight from Sector Weight with a $125 price target (versus a $103.89 close) at KeyBanc Capital markets.
Texas Instruments Inc. (NASDAQ: TXN) was raised to Buy from Neutral with a $134 price target (versus a $113.73 close) at Longbow Research.
TripAdvisor Inc. (NASDAQ: TRIP) was raised to Overweight from Equal Weight with a $70 target price (versus a $57.59 close) at Barclays. The 52-week range is $29.50 to $60.12, and shares were indicated up over 2.7% at $59.20 on Wednesday.
Verizon Communications Inc. (NYSE: VZ) was started as Outperform and assigned a $58 price target at Credit Suisse, with the firm noting that its wireless focus is starting to pay dividends for the company.
Walt Disney Co. (NYSE: DIS) was started as Neutral with a $114 price target at Credit Suisse, with the firm noting how the company is investing in the future.
Tuesday’s top analyst calls included American Tower, AutoNation, Biogen, CarMax, Chipotle Mexican Grill, eBay, PG&E, Walgreens Boots Alliance, Zions Bancorp and many more.