Investing
Top Analyst Upgrades and Downgrades: AT&T, CenturyLink, MercadoLibre, Netflix, Starbucks, Tiffany, TJX, YRC Worldwide and More
August 22, 2018 9:10 am
Last Updated: January 11, 2020 7:01 pm
Netflix Inc. (NASDAQ: NFLX) was reiterated as Buy and the price target was raised to $395 from $390 (versus a $338.02 close) at MKM Partners. The team is calling for 90 million U.S. subscribers and 300 million international subscribers by 2025.
Nightstar Therapeutics PLC (NASDAQ: NITE) was started with a Buy rating and assigned a $34 price target (versus a $19.79 close) at Janney. The firm called Nightstar a leader in gene therapy for inherited retinal disorders.
Public Storage (NYSE: PSA) was downgraded to Sell from Neutral with a $198 target (versus $220.87 close) at Goldman Sachs. It has a 52-week range of $180.48 to $234.90 and a consensus target price of $206.50.
Starbucks Corp. (NASDAQ: SBUX) was downgraded to Neutral from Overweight with a $53 price target at Piper Jaffray. Starbucks closed up 0.1% at $54.00, and the shares were indicated down 0.6% at $53.70 on Wednesday. The 52-week range is $47.37 to $61.94, and the consensus target price was $57.96.
Tiffany & Co. (NYSE: TIF) was downgraded to Neutral from Buy with a $140 price target (versus a $131.91 close) at Merrill Lynch.
TJX Companies Inc. (NYSE: TJX) was reiterated as Market Perform but the price target was raised to $112 from $83 at Wells Fargo. Credit Suisse maintained its Neutral rating but raised its target to $106 from $100. The stock was up 4.7% at $106.46 on Tuesday and was looking for direction on Wednesday.
Wingstop Inc. (NASDAQ: WING) was reiterated as Outperform and the price target was raised to $70 from $59 (versus a $63.43 close) at Wedbush. The firm still views same-store sales growth expectations through 2019 as conservative.
Wright Medical Group N.V. (NASDAQ: WMGI) was started as Buy and assigned a $34 price target (versus a $27.49 close) at Stifel. The 52-week range is $19.01 to $29.89.
YRC Worldwide Inc. (NASDAQ: YRCW) was raised to Buy from Hold at Deutsche Bank. After rising 0.9% to $9.18 on Tuesday, its shares were indicated up 4.6% at $9.60 on Wednesday. The 52-week range is $8.07 to $17.61.
Zoetis Inc. (NYSE: ZTS) was downgraded to Hold from Buy with a $95 price target (versus a $91.28 close) at Stifel.
Tuesday’s top analyst calls include Aerojet Rocketdyne, Apple, ADP, Honeywell, 3M, NeoGenomics, Paychex, Symantec, Tesla and many more.
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