Top Analyst Upgrades and Downgrades: Affimed, Coty, Cree, Lululemon, Myriad Genetics, Tesla, Xilinx and More
Lululemon Athletica Inc. (NASDAQ: LULU) was reiterated as Outperform and the price target was raised to $154 from $125 at Credit Suisse.
Myriad Genetics Inc. (NASDAQ: MYGN) was maintained as Market Perform but the price target was raised to $49 from $35 at Leerink.
New York Community Bancorp Inc. (NASDAQ: NYCB) was reinstated as Neutral with a $12 price target at Credit Suisse.
nLIGHT Inc. (NASDAQ: LASR) was started with a Sell rating and assigned a $17 price target (versus a $31.19 close) at Benchmark. The stock was up 4% at $31.19 on Monday but was down 8.5% at $28.55 on Tuesday morning, in a 52-week range of $22.24 to $43.63.
Retail Properties of America Inc. (NYSE: RPAI) was raised to Buy from Hold with a $15 price target (versus a $12.43 close) at Deutsche Bank.
Sibanye Gold Ltd. (NYSE: SBGL) was downgraded to Underperform from Neutral at Macquarie.
Spirit Airlines Inc. (NYSE: SAVE) was maintained as Outperform but the price target was raised to $60 from $58 (versus a $46.08 close) at Macquarie. The 52-week range is $30.32 to $48.81 and the consensus target price is $52.50.
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Tesla Inc. (NASDAQ: TSLA) was maintained as Hold but the price target was cut to $316 from $336 at Canaccord Genuity. Tesla closed down 1.15 at $319.27 on Monday and was indicated down another 0.4% or so on Tuesday. Its 52-week range is $244.59 to $389.61.
U.S. Silica Holdings Inc. (NYSE: SLCA) was maintained as Outperform but the price target was cut to $29 from $38 (versus a $22.45 close) at Credit Suisse.
Wright Medical Group N.V. (NASDAQ: WMGI) was raised to Buy from Hold with a $30 price target at Needham. These shares were down 4.2% at $26.79 on Monday and down another 2.8% at $26.05 on Tuesday after pricing a secondary offering that will be used to fund the acquisition of Cartiva.
Xilinx Inc. (NASDAQ: XLNX) was raised to Outperform from Neutral and the target price was raised to $90 from $71 at Robert W. Baird. It closed up almost 2% at $75.24 a share on Monday and was indicated up another 2% on Tuesday.
Monday’s top analyst calls included AK Steel, Bloom Energy, Chipotle Mexican Grill, CIT, Cushman & Wakefield, Foot Locker, Sonos, U.S. Steel and many more.