Top Analyst Upgrades and Downgrades: AbbVie, Amazon, Anadarko, Broadcom, CA, Chipotle, ConocoPhillips, GE, Honeywell, J&J, 3M, NetApp, Netflix and More
Humana Inc. (NYSE: HUM) was started as Overweight with a $362 price target (versus a $315.93 close) at Morgan Stanley.
Johnson & Johnson (NYSE: JNJ) was raised to Neutral from Sell with a $134 price target (versus a $126.24 close) at Goldman Sachs.
3M Co. (NYSE: MMM) was resumed with a Hold rating at Deutsche Bank.
Marathon Oil Corp. (NYSE: MRO) was started as Equal Weight with a $23 price target (versus a $21.30 close) at Morgan Stanley.
Nasdaq Inc. (NASDAQ: NDAQ) saw at least three price target hikes on Thursday morning. Barclays went to $96 from $90, KBW to $97 from $95 and Jefferies to $90 from $87.
NetApp Inc. (NASDAQ: NTAP) was started with a Buy rating and assigned a $94 price target (versus a $79.59 close) at Guggenheim. It also was recently identified as a company that is expected to beat earnings expectations.
Netflix Inc. (NASDAQ: NFLX) was downgraded to Neutral from Buy with a $425 price target (versus a $418.65 close) at UBS. Netflix shares were last seen down 0.6% at $416.25 on Thursday morning. The consensus target price is $379.14.
Newfield Exploration Co. (NYSE: NFX) was started as Equal Weight with a $32 price target (versus a $29.72 close) at Morgan Stanley.
Noble Energy Inc. (NYSE: NBL) was started as Equal Weight with a $39 price target (versus a $35.89 close) at Morgan Stanley.
Omeros Corp. (NASDAQ: OMER) was started as Buy with a $30 price target (versus a $20.08 close) at Seaport Global.
Syndax Pharmaceuticals Inc. (NASDAQ: SNDX) was started with a Buy rating and assigned a $30 price target at H.C. Wainwright. This is a small $175 million market cap company, but the price target in this call is 300% higher than the $7.10 closing price. Syndax has a 52-week range of $6.61 to $15.20.
Twitter Inc. (NYSE: TWTR) was reiterated as Buy at MKM Partners. The firm expects a “beat and raise” quarter and said it purging fake accounts is a good development.
Wednesday’s top analyst upgrades and downgrades were in shares of AT&T, Comcast, Hess, Netflix, Petrobras, Sirius XM, Texas Instruments, Verizon, Walt Disney and many more.