Top Analyst Upgrades and Downgrades: Baker Hughes, CBS, Generac, Halliburton, Nike, PG&E, Snap, Tesla, Weatherford, Western Digital and More
PG&E Corp. (NYSE: PCG) was reiterated as Overweight and the price target was raised to $67 from $63 at Morgan Stanley.
Plains GP Holdings L.P. (NYSE: PGAP) was raised to Buy from Neutral and the price objective was raised to $30 from $26 at Merrill Lynch.
Ross Stores Inc. (NASDAQ: ROST) was started as Equal Weight with a $106 price target (versus a $97.91 close) at Barclays.
Schlumberger Ltd. (NYSE: SLB) was started with a Hold rating at Stifel.
Snap Inc. (NYSE: SNAP) was raised to Outperform from Neutral and the target price was raised to $12.25 from $11.50 at Wedbush.
SunRun Inc. (NASDAQ: RUN) was raised to Buy from Neutral and the price objective was raised to $17 from $16 (versus an $11.95 close) at Merrill Lynch. The firm believes that its recent underperformance ignores improving data points in California and in financing.
Tesla Inc. (NASDAQ: TSLA) was downgraded to Neutral from Buy and the price target was lowered to $300 from $400 at Noimura/Instinet. The reason: Elon Musk’s recent behavior damaging the Tesla brand.
TJX Companies Inc. (NYSE: TJX) was started as Equal Weight at Barclays.
US Silica Holdings Inc. (NYSE: SLCA) was started with a Buy rating and assigned a $26 target price (versus a $19.12 close) at Stifel.
Weatherford International PLC (NYSE: WFT) was started with a Hold rating at Stifel. Shares were up 3.5% at $2.38 on Monday and were indicated up almost 3% on Tuesday morning.
Western Digital Corp. (NASDAQ: WDC) was downgraded to Sector Perform from Outperform and the target price was lowered to $70 from $95 at RBC Capital Markets.
Wingstop Inc. (NASDAQ: WING) was downgraded to Neutral from Buy and the price target was raised to $66 from $58 (versus a $67.48 close) at Goldman Sachs.
Xcel Energy Inc. (NYSE: XEL) was reiterated as Overweight and the target was raised to $52 from $49 (versus a $49.01 close) at Morgan Stanley.
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Monday’s top analyst calls were in Amazon.com, Anthem, Constellation Brands, Hecla Mining, Nike, Overstock.com, UnitedHealth and many more.