Top Analyst Upgrades and Downgrades: Alcoa, Chevron, GM, Lam Research, Micron, NXP Semiconductors, Royal Bank of Scotland, Tiffany, Wayfair and More

Print Email

Maxim Integrated Products Inc. (NASDAQ: MXIM) was downgraded to Hold from Buy at Stifel.

Micron Technology Inc. (NASDAQ: MU) was downgraded to Neutral from Buy with a $50 price target (versus a $43.60 close, after almost a 3% drop) at Goldman Sachs. Micron was indicated down another 4% at $41.75, and it had a consensus target price of $83.60.

NXP Semiconductors N.V. (NASDAQ: NXPI) was downgraded to Sell from Hold with an $84 price target (versus an $89.57 close, after a 4.4% drop) at Stifel. Merrill Lynch reiterated its Neutral rating but has a $110 price objective after its analyst day. Shares have a consensus target price of $107 and were indicated down another 1.5% at $88.25 on Wednesday.

Power Integrations Inc. (NASDAQ: POWI) was downgraded to Hold from Buy with a $75 price target (versus a $70.15 close) at Stifel. It has a $78.00 consensus target price and a 52-week range of $60.55 to $86.60.

Royal Bank of Scotland Group PLC (NYSE: RBS) was raised to Buy from Neutral at Goldman Sachs. The firm sees better medium-term cash returns and sees it at a discount to Lloyds despite having resolved many legacy issues. RBS saw its American depositary shares close down 1.07% at $6.49 on Tuesday, and it was indicated down 0.3% on Wednesday. The 52-week trading range is $6.13 to $8.74.

TerraForm Power Inc. (NASDAQ: TERP) was raised to Neutral from Sell with an $11 price target (versus an $11.04 close) at Goldman Sachs. The 52-week range is $9.90 to $14.20, and the consensus target price is $13.00.

Tiffany & Co. (NYSE: TIF) was raised to Outperform from Perform and assigned a $152 price target (versus a $123.37 close) at Oppenheimer.

Wayfair Inc. (NYSE: W) was started as Market Perform and assigned a $150 price target (versus a $143.96 close) at Wells Fargo. The 52-week range is $55.33 to $144.35. The consensus analyst target is $121.00.

Worldpay Inc. (NYSE: WP) was raised to Buy from Neutral with a $125 price target (versus a $99.26 close) at Mizuho. It has a consensus target price of $103.83 and was indicated up 1% at $99.00 on Wednesday.

Zealand Pharma A/S (NASDAQ: ZEAL) was started with an Overweight rating and assigned a $29 price target (versus a $17.39 close) at Morgan Stanley.

24/7 Wall St. has identified seven large international stock picks that are called to have big upside for U.S. investors willing to look at discounted overseas stocks.

Here is also how the hurricane winners and losers have traded since before Hurricane Florence was a definite threat.

Tuesday’s top analyst calls were in Baker Hughes, CBS, Generac, Halliburton, Nike, PG&E, Snap, Tesla, Weatherford, Western Digital and many more.

I'm interested in the Newsletter