Investing

Top Analyst Upgrades and Downgrades: Dolby Labs, Facebook, Freeport-McMoRan, Gilead, GrubHub, Skechers and More

Lee Jackson

GrubHub Inc. (NASDAQ: GRUB) saw its price target raised to $140 from $110 at Stifel. The analyst maintains its Hold rating for the time being while assessing whether the company’s growth trajectory and/or LevelUp deal support a meaningful 12-month return for investors after the stock’s 20% or so move on big earnings. The consensus price target is set at $119.68. The shares closed Wednesday at $134.72, up almost 24% on the day.

Skechers USA Inc. (NYSE: SKX) was downgraded to Hold from Buy at Argus. The stock has traded in a 52-week range of $23.80 to $43.08, and the consensus price target is set at $33. The stock closed Wednesday at $27.64.

Other key analysts upgrades and downgrades were seen in the following:

Cameco Corp. (NYSE: CCJ) was downgraded to Market Perform from Outperform at BMO Capital Markets. The 52-week trading range is $7.68 to $12.19, and the consensus price target is$10.86. The shares ended Wednesday at $10.92.

Cidara Therapeutics Inc. (NASDAQ: CDTX) was started with a Buy rating and an $8 price target at Citigroup. That compares with a stunning consensus price target of $13.06. The shares ended trading on Wednesday at $4.35.

e.l.f. Beauty Inc. (NYSE: ELF) was downgraded to Perform from Outperform at Oppenheimer. The 52-week trading range is $13.69 to $27.27, and the consensus price target for the cosmetics company is $19.73. The shares ended Wednesday at $14.08.

First Financial Bancorp (NASDAQ: FFBC) was raised to Buy from Neutral at D.A. Davidson. The shares have traded between $22.80 and $33.70 over the past year. The consensus price target for the bank is $33.63, and the shares ended trading on Wednesday at $30.25.

Gladstone Commercial Corp. (NASDAQ: GOOD) was started with an Outperform rating and a $21.50 price target at Wedbush. That compares to a consensus target of $20.90. The shares ended trading on Wednesday at $19.65.

New Gold Inc. (NYSE: NGD) was downgraded to Sell from Buy at Canaccord Genuity. The 52-week trading range is $1.73 to $4.25, and the consensus price target is $4.01. The stock closed Wednesday at $1.81, but shares were trading down over 17% in Thursday’s premarket.

QEP Resources Inc. (NYSE: QEP) was downgraded to Hold from Buy at Tudor Pickering. The 52-week trading range is $7.07 to $13.77, and the consensus price target is $15.91. The stock ended trading on Wednesday at $11.92.

Watsco Inc. (NYSE: WSO) was downgraded to Neutral from Buy at Seaport Global Securities. The 52-week trading range for the shares is $141.61 to $192.95. The consensus price target is $184.40, and the stock ended trading on Wednesday at $170.01.

In case you missed it, Wednesday’s top analyst upgrades and downgrades included Broadcom, China Life, Crocs, Eli Lilly, Lockheed Martin, Philip Morris, Rio Tinto, Spotify and more.