Investing

Top Analyst Upgrades and Downgrades: Glaukos, Honeywell, Itau, MongoDB, 3M, PayPal, Salesforce, Tandem Diabetes, Vodafone, National Bank of Greece and More

Nutanix Inc. (NASDAQ: NTNX) was raised to Neutral from Underweight with a $54 price target (versus a $51.13 close) at JPMorgan.

PayPal Holdings Inc. (NASDAQ: PYPL) was started as Buy and assigned a $104 price target (versus a $92.85 close) at Berenberg. PayPal has a 52-week range of $60.58 to $92.94, and its consensus target price was $96.38.

Pivotal Software Inc. (NYSE: PVTL) was maintained as Overweight and the target price was raised to $32 from $26 (versus a $27.44 close) at Morgan Stanley.

Rockwell Automation Inc. (NYSE: ROK) was maintained as Buy but the price target was lowered to $205 from $210 (versus a $178.55 close) at UBS.

Salesforce.com Inc. (NYSE: CRM) was up 1.2% at $154.80 ahead of earnings and was last seen down 2.75% at $150.60 despite beating earnings expectations. Many analysts have raised their upside price targets with positive ratings, and these are some of the target price changes:

  • Canaccord Genuity: to $165 from $150
  • Cowen: to $170 from $165
  • Jefferies: to $172 from $168
  • JMP Securities: to $178 from $163
  • KeyBanc Capital Markets: to $180 from $147
  • Robert W. Baird: to $170 from $160
  • UBS: to $180 from $168
  • Wedbush Securities: to $170 from $160

Tandem Diabetes Care Inc. (NASDAQ: TNDM) was started as Buy and assigned a $50 price target (versus a $40.93 close) at Berenberg. Shares were last seen up 2% at $41.78, and the consensus target price was $35.13 ahead of this call.

Tocagen Inc. (NASDAQ: TOCA) was started with a Buy rating and assigned a $30 price target (versus an $8.39 close) at a firm called Chardan.

Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) was reiterated as Outperform and the price target was raised to $90 from $80 (versus an $83.90 close, after a 6.7% gain) at Wedbush.

Vodafone Group PLC (NASDAQ: VOD) was downgraded to Neutral from Buy at Merrill Lynch. The American depositary shares closed at $22.98 on Wednesday, and their 52-week range is $22.47 to $32.75.

None of the Greek banks are listed on any U.S. primary exchanges, but HSBC has raised its ratings on the Greek banking sector to Buy from Hold. These included National Bank of Greece, Piraeus Bank and Eurobank. The firm also maintained its Buy rating on Alpha Bank. HSBC cited improved asset quality being on track and said that recent nonperforming loan sales have been accretive capital.

Wednesday’s top analyst upgrades, downgrades and initiations included AMD, Alphabet, Amazon, Best Buy, Dollar General, Ferrari, Goldcorp, Hewlett Packard Enterprise, Square, Tilray and many more companies.