Investing

Top Analyst Upgrades and Downgrades: AMD, ADT, BP, Campbell Soup, Funko, Intel, Overstock.com, Perrigo and More

Campbell Soup Co. (NYSE: CPB) was downgraded to Underweight from Neutral at JPMorgan, with the firm noting that it sees a sale as not the most likely scenario, and if a sale does take place, the firm feels that the premium might not be great. Campbell Soup shares were up 0.7% at$42.28 after a larger activist stake on Thursday, but they were down 2.3% at $41.32 on Friday.

Copa Holdings S.A. (NYSE: CPA) was downgraded to Sell from Hold with a $70 price target (versus an $84.05 close) at Stifel.

Dunn & Bradstreet Corp. (NYSE: DNB) was downgraded to Equal Weight from Overweight with a $145 price target (versus a $142.21 close) at Barclays.

EverQuote Inc. (NASDAQ: EVER) was down 4.5% at $14.85 on Thursday after the recent IPO had earnings earlier in the week. Needham started it with a Buy rating and assigned a $20 price target.

Fortune Brands Home & Security Inc. (NYSE: FBHS) was downgraded to Underperform from Neutral and the price objective was cut to $61 from $64 at Merrill Lynch.

Funko Inc. (NASDAQ: FNKO) was up 4.8% at $20.12 on Thursday but indicated down 3% at $19.50 on Friday after in-line earnings. JPMorgan maintained its Overweight rating but raised its target to $24 from $14.

Intel Corp. (NASDAQ: INTC) was downgraded to Sell from Neutral and the price target was cut to $44 from $49 (versus a $50.14 close) at Goldman Sachs. Intel closed up 0.36% at $50.14 on Thursday but was indicated down almost 3% at $48.65 on Friday, in a 52-week range of $34.38 to $57.60 and with a consensus target price of $56.03.

Iron Mountain Inc. (NYSE: IRM) was started as Underperform and assigned a $25 target (versus a $35.46 close) at Credit Suisse.

Ooma Inc. (NASDAQ: OOMA) was started with a Neutral rating and assigned a $13 price target (versus a $16.10 close) at Credit Suisse.

Overstock.com Inc. (NASDAQ: OSTK) was up 4.5% to $38.60 ahead of earnings on Thursday, but shares rose 20% to $46.50 on news that a Hong Kong private equity firm was investing what looks to be more than $300 million in the company, its tZERO blockchain unit and in its tokens. D.A. Davidson has a Buy rating and raised its target price to $112 from $103, and the stock was down over 50% from its 52-week high of $89.80 ahead of earnings.

Owens Corning (NYSE: OC) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Patterson Companies Inc. (NASDAQ: PDCO) was started as Market Perform with a $25 price target (versus a $22.60 close) at Leerink.

Perrigo Co. PLC (NYSE: PRGO) was downgraded to Hold from Buy with a $78 target price (versus a $70.03 close) at Deutsche Bank. Shares closed down 10.5% at $70.03 on Thursday, in a 52-week range of $69.23 to $95.93 and with a prior consensus target price of $88.13.

Thursday’s top analyst calls included Applied Materials, elf Beauty, Extreme Networks, Mylan, NXP Semiconductor, Roku, Seagate, Yelp, Zynga and many more.