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Top Analyst Upgrades and Downgrades: American Superconductor, Galapagos, Humana, Intel, Philips, Pinduoduo, Qualcomm, Wayfair and More

Humana Inc. (NYSE: HUM) was started with an Overweight rating and assigned a $370 price target (versus a $331.57 close) at Barclays. Humana has traded between $231.90 and $337.56 in the past year, and it had a consensus analyst target of $357.00 ahead of this call.

Intel Corp. (NASDAQ: INTC) was raised to Market Perform from Underperform with a $46 price target (versus a $44.93 close) at Northland Securities. The consensus target price is $56.06, and the 52-week range is $36.16 to $57.60.

Myovant Sciences Ltd. (NASDAQ: MYOV) was started with an Overweight rating and assigned a $39 price target (versus a $23.00 close) at JPMorgan.

NRG Yield Inc. (NYSE: NYLD) was started with a Neutral rating and assigned a $20 price target (versus a $20.10 close) at Goldman Sachs.

ObsEva S.A. (NASDAQ: OBSV) was started with an Overweight rating and assigned a $29 price target (versus a $14.40 close) at JPMorgan.

Koninklijke Philips N.V. (NYSE: PHG), or just Philips Electronics as we know it, was started with an Outperform rating at Bernstein.

Pinduoduo Inc. (NASDAQ: PDD) was started with a Buy rating and assigned a $31 price target (versus a $23.04 close) at Goldman Sachs. Shares were indicated up over 4% at $24.10 on Thursday, in a post-IPO range of $17.20 to $27.54.

Qualcomm Inc. (NASDAQ: QCOM) was started with an Overweight rating and assigned a $95 price target (versus a $71.75 close) at Barclays. Qualcomm has a 52-week range of $48.56 to $72.75 and a consensus target price of $70.35. The prior street-high target price was $88. Its shares were indicated up 3% on Thursday.

WageWorks Inc. (NYSE: WAGE) was downgraded to Market Perform from Outperform at JMP Securities. The stock closed down 1% at $49.10 and has a 52-week range of $38.40 to $65.80. The consensus target price is $70.00.

Wayfair Inc. (NYSE: W) was downgraded to Neutral from Buy but the firm lifted its price objective to $160 from $130 (versus a $149.50 close) at Merrill Lynch. Wayfair has a 52-week range of $55.33 to $149.90.

Weight Watchers International Inc. (NYSE: WTW) was started as Equal Weight with a $76 price target (versus a $72.87 close) at Morgan Stanley.

Wednesday’s top analyst upgrades and downgrades were in Alcoa, Chevron, GM, Lam Research, Micron, NXP Semiconductors, Royal Bank of Scotland, Tiffany, Wayfair and many more.