Investing
Top Analyst Upgrades and Downgrades: Applied Materials, Barrick Gold, Comcast, GoDaddy, Intel, PG&E, Qualcomm, Sirius XM and More
August 6, 2018 9:10 am
Last Updated: January 11, 2020 7:51 pm
Horizon Pharma PLC (NASDAQ: HZNP) was downgraded to Market Perform from Outperform with an $18 price target (versus a $17.97 close) at BMO Capital Markets.
Intel Corp. (NASDAQ: INTC) was downgraded to Equal Weight from Overweight and the target price was cut to $53 from $62 (versus a $49.63 close) at Barclays. Intel shares were indicated down 1.7% at $48.75, in a 52-week range of $34.38 to $57.60 and with a consensus target price of $56.32.
Noble Energy Inc. (NYSE: NBL) was downgraded to Neutral from Buy with a $40 price target (versus a $32.90 close) at Mizuho.
PG&E Corp. (NYSE: PCG) was raised to Outperform from Market Perform with a $60 price target (versus a $42.96 close) at Wells Fargo.
Qualcomm Inc. (NASDAQ: QCOM) was raised to Outperform from Market Perform and the price target was raised to $80 from $64 (versus a $65.40 close) at Cowen. The shares a 52-week range of $48.56 to $69.28, and the consensus analyst target was $67.29.
Sirius XM Holdings Inc. (NASDAQ: SIRI) was maintained as Underweight but the target price was raised to $6.20 from $6.00 (versus a $6.87 close) at Morgan Stanley. Morgan Stanley also maintained Liberty SiriusXM Group (NASDAQ: LSXMA) as Equal Weight, and the price target was raised to $51 from $50 (versus a $46.80 close), as part of the same call.
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) was downgraded to Neutral from Buy with a $46 price objective (versus a $45.21 close) at Merrill Lynch.
Sage Therapeutics Inc. (NASDAQ: SAGE) was started with an Overweight rating and assigned a $206 price target (versus a $145.68 close) at Piper Jaffray.
Tesaro Inc. (NASDAQ: TSRO) was downgraded to Neutral from Buy with a $35 price objective at Merrill Lynch.
Vital Therapies Inc. (NASDAQ: VTL) was raised to Outperform from Market Perform with a $35 price target at William Blair. This stock was down 1.2% at $8.10 a share on Friday but was indicated up 14% at $9.24 on Monday.
WPX Energy Inc. (NYSE: WPX) was raised to Strong Buy from Outperform with a $30 price target (versus an $18.68 close) at Raymond James.
Welltower Inc. (NYSE: WELL) was started as Neutral at Goldman Sachs.
Friday’s top analyst calls were in Blue Apron, Energy Transfer Partners, Funko, Symantec, Tesla, Teva Pharmaceutical, TripAdvisor and many more.
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