Investing

Top Analyst Upgrades and Downgrades: AECOM, CyberArk, Dillard's, Hasbro, Mattel, Newell, Papa John's, Shopify, Snap, Tesla and More

Shopify Inc. (NYSE: SHOP) was started with a Buy rating and assigned a $180 target price (versus a $141.68 close) at Guggenheim.

Smith & Nephew PLC (NYSE: SNN) was downgraded to Neutral from Buy at UBS. Shares last closed at $35.54, in a 52-week range of $33.79 to $40.43. The consensus price target is $40.57.

Snap Inc. (NYSE: SNAP) was up 0.5% at $13.12 ahead of earnings and had traded up handily before settling back down afterward. Stifel maintained it as Hold and cut the target price to $15 from $17. Wedbush maintained its Neutral rating but raised its Snap target to $11.50 from $10.00, noting a shortfall in daily active users (who obviously have too much free time on their hands).

Tesla Inc. (NASDAQ: TSLA) was up almost 11% at $379.57 on Tuesday after rumors of a Saudi investment and then after a tweet from Elon Musk that he wants to take the company private at $420 per share. Jefferies maintained it as Hold but raised the target price to $360 from $250. JPMorgan maintained its Underweight rating but raised its value to $308, based on a blended $195/$420 weighting.

Timken Co. (NYSE: TKR) was raised to Neutral from Underperform with a $55 price objective (versus a $48.35 close) at Merrill Lynch. The 52-week range is $41.85 to $55.65, and the consensus price target is $58.33.

Veeva Systems Inc. (NYSE: VEEV) was started with a Buy rating and assigned a $100 target price (versus an $81.31 close) at Guggenheim. The 52-week range is $52.17 to $85.00. The consensus price target is $82.15.

Virtu Financial Inc. (NASDAQ: VIRT) was started as Equal Weight with a $22 price target (versus a $20.40 close) at Morgan Stanley. The 52-week range is $13.10 to $37.85, and the consensus price target is $24.83.

Vivint Solar Inc. (NYSE: VSLR) was raised to Outperform from Market Perform with an $11 price target (versus a $5.50 close) at JMP Securities. The consensus price target is $6.50, and the 52-week range is $2.70 to $6.05.

Tuesday’s top analyst calls included Broadcom, CBS, Etsy, Illumina, PulteGroup, SeaWorld, Wynn Resorts, Zillow and many more.