Investing
Top Analyst Upgrades and Downgrades: AMD, Apache, Gold Fields, Marvell, Micron, Oracle, Starbucks, Transocean, United Rentals, Walmart and More
September 18, 2018 9:15 am
Last Updated: January 11, 2020 5:46 pm
Mimecast Ltd. (NASDAQ: MIME) was started as Buy and assigned a $54 price target (versus a $40.13 prior close) at SunTrust Robinson Humphrey.
Monster Beverage Corp. (NASDAQ: MNST) was reiterated as Buy and the target price was raised to $66 from $65 at Stifel. Shares closed Monday at $59.72. The 52-week range is $47.61 to $70.22, and the consensus price target is $65.25.
Nvidia Corp. (NASDAQ: NVDA) saw its price target hiked to $295 from $280 at Mizuho. Shares closed Monday at $273.93, and the 52-week range is $170.16 to $285.22. The consensus analyst target is $297.03.
Oracle Corp. (NYSE: ORCL) was down seven cents at $49.18 ahead of earnings and was indicated down 4% at $47.20 afterward despite a larger stock buyback. Citigroup maintained a Neutral rating and lowered its target to $49 from $51, and Wedbush maintained its Neutral rating and $49 price target. Nomura/Instinet maintained it as Buy but cut the target to $58 from $59. Wells Fargo maintained its Outperform rating and cut its target to $60.00 from $62.50, and Stifel maintained its Hold rating but cut its target to $49 from $50.
Playa Hotels & Resorts N.V. (NASDAQ: PLYA) was downgraded to Neutral from Buy and the target price was cut to $11 from $14 at Nomura/Instinet. Citigroup maintained it as Neutral but cut its target to $10.50 from $11.50. The stock closed Monday at $9.58, in a 52-week range of $9.41 to $11.69, and it has a consensus price target of $13.54.
Smartsheet Inc. (NYSE: SMAR) was reiterated as Overweight and the target price was raised to $36 from $34 (versus a $29.05 close, after almost a 2.8% drop) at Morgan Stanley.
Starbucks Corp. (NASDAQ: SBUX) was reiterated as Neutral with a $53 price target (versus a $54.57 close) at Wedbush. The firm noted that its checks are pointing to same-store sales growth in the fourth quarter in the 2% to 3% range and that 3% growth in the United States is possible but that consistent execution is needed. Starbucks closed down 0.3% on Monday at $54.57. It has a 52-week range of $47.37 to $61.94 and a consensus price target of $57.88.
Supernus Pharmaceuticals Inc. (NASDAQ: SUPN) was started with a Buy rating and assigned a $61 price target (versus a $46.00 close) at Mizuho.
Tableau Software Inc. (NYSE: DATA) was reiterated as Buy and the price target was raised to $140 from $125 at Citigroup. The stock closed Monday at $110.86, in a 52-week range of $68.37 to $118.08. The consensus price target is $112.37.
Targa Resources (NYSE: TRGP) was raised to Outperform from Market Perform and its price target was raised to $63 from $55 (versus a $54.66 close) at Wells Fargo.
Transocean Ltd. (NYSE: RIG) was started with a Buy rating and assigned an $18 price target at BTIG. It closed Monday at $11.59, and it has a 52-week range of $8.70 to $14.34. The consensus price target is $12.61.
Union Pacific Corp. (NYSE: UNP) was raised to Buy from Hold at Loop Capital. Shares were indicated up 4% at $163.22, and the consensus target price is $155.80.
United Continental Holdings Inc. (NYSE: UAL) was downgraded to Neutral from Outperform at Macquarie. It closed Monday at $90.16 and has a 52-week range of $56.51 to $91.39 and a consensus price target of $92.46.
United Rentals Inc. (NYSE: URI) was reiterated as Buy and the target price was raised to $190 from $180 at Buckingham. The stock closed down 2.37% on Monday at $164.94. The 52-week range is $128.12 to $190.74 and the consensus price target is $186.08.
Walmart Inc. (NYSE: WMT) was started as Outperform and assigned a $110 price target at BMO Capital Markets. Walmart closed Monday at $94.82. It has a 52-week range of $77.50 to $109.98 and a consensus price target of $104.00.
Monday’s top analyst upgrades and downgrades were in American Express, Bed Bath & Beyond, Costco, Kraft Heinz, Micron, Twitter, UnitedHealth, Vale, Visa and many more.
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