Top Analyst Upgrades and Downgrades: American Express, Bed Bath & Beyond, Costco, Kraft Heinz, Micron, Twitter, UnitedHealth, Vale, Visa and More
Hormel Foods Corp. (NYSE: HRL) was downgraded to Market Perform from Outperform but the price target was raised to $44 from $38 (versus a $41.90 close) at BMO Capital Markets.
Kraft Heinz Co. (NASDAQ: KHC) was started as Underweight and assigned a $52 price target (versus a $58.97 close) at Morgan Stanley. The stock was indicated down almost 1% at $58.40 on Monday, within a 52-week range of $54.11 to $82.48 and with a consensus target price of $68.48.
LyondellBasell Industries N.V. (NYSE: LYB) was downgraded to Neutral from Buy at Citigroup.
Micron Technology Inc. (NASDAQ: MU) was maintained as Market Perform and the target price was cut to $45 from $63 at BMO Capital Markets. Deutsche Bank maintained its Buy rating on Micron but lowered its target to $60 from $80.
Redfin Corp. (NASDAQ: RDFN) was started with a Neutral rating and assigned a $20 price target at Macquarie.
Revance Therapeutics Inc. (NASDAQ: RVNC) was downgraded to Market Perform from Outperform at JMP Securities.
Southwest Airlines Co. (NYSE: LUV) was reiterated as Outperform and the price target was raised to $71 from $68 at Macquarie.
Sprout’s Farmers Market Inc. (NASDAQ: SFM) was downgraded to Equal Weight from Overweight with a $30 target (versus a $28.22 close) at Barclays.
Titan Medical Inc. (NASDAQ: TMDI) was started as Outperform and assigned a $6 price target (versus a $1.92 close) at Northland Securities. It has a 52-week range of $1.70 to $7.75 and a mere $41 million market cap.
Twitter Inc. (NYSE: TWTR) was maintained with a Sell rating but its price target was lowered to $21 from $23 at MoffattNathanson, citing the cost of growth set to rise in 2018 and into 2019 with lower margin expectations. Twitter was indicated down 2.8% at $29.25 on Monday, after closing down 0.9% at $30.12 on Friday. The consensus target price is $33.87, and the 52-week range is $16.57 to $47.79.
UnitedHealth Group Inc. (NYSE: UNH) was started as Outperform and assigned a $308 price target (versus a $265.31 close) at Cowen.
Vale S.A. (NYSE: VALE) was downgraded to Underperform from Sector Perform and the target price was cut to $11 from $12 at RBC Capital Markets.
Visa Inc. (NYSE: V) was maintained as Buy but was removed from the prized Conviction Buy list at Goldman Sachs. Visa was indicated down 0.5% at $147.10 on Monday, with a consensus target price of $160.10.
Friday’s top analyst calls were in Adobe, Corning, Costco, GrubHub, Kroger, Micron, Shopify, SLM, Walmart, Yelp and about a dozen more.