Top Analyst Upgrades and Downgrades: AMD, Caterpillar, NRG, Nvidia, P&G, Square, Red Hat, Transocean, Viacom, Wisdom Tree and More
Skechers USA Inc. (NYSE: SKX) was downgraded to Market Perform from Outperform and the target price was cut to $28 from $32 (versus a $27.84 close) at Cowen. Shares were down 3% at $27.00 in early trading indications on Thursday, in a 52-week range of $23.80 to $43.08.
Square Inc. (NYSE: SQ) was reiterated as Buy and the target price was raised to $100 from $76 (versus an $84.80 close, after a 3.6% gain) at Stifel. The 52-week range is $27.21 to $92.92, and the consensus target price is $71.03.
Stitch Fix Inc. (NASDAQ: SFIX) was downgraded to Neutral from Overweight and the target price was raised to $43 from $29 (versus a $47.11 close, after a 6.7% drop) at Piper Jaffray. Shares were down another 3.5% at $45.50 on Thursday morning. The post-IPO trading range is $14.48 to $52.44, and the consensus target price is $31.44.
Tandem Diabetes Care Inc. (NASDAQ: TNDM) was started with a Buy rating and assigned a $52 price target (versus a $39.95 close, after a 5.7% drop) at Craig-Hallum. The stock was indicated up 6.5% at $42.50 on Thursday. It has a 52-week range of $2.14 to $52.55 and a $46.33 consensus target price.
Transocean Ltd. (NYSE: RIG) was raised to Outperform from Sector Perform with a $30 price target (versus a $12.36 prior close, after a 3.6% gain) at RBC Capital Markets. Transocean was indicated up another 2.9% at $12.72 ahead of Thursday’s open, and its 52-week range is $8.70 to $14.34.
TRI Pointe Group Inc. (NYSE: TPH) was downgraded to Neutral from Outperform with a $13 price target (versus a $13.84 close) at Wedbush.
Viacom Inc. (NYSE: VIA) was raised to Outperform from Neutral and the target price was raised to $37 from $34 at Macquarie. Viacom was up 2.2% at $34.45 on Wednesday, and it has a 52-week range of $28.20 to $40.64 and a consensus analyst target of $78.00.
Westport Fuel Systems Inc. (NASDAQ: WPRT) was started with a Buy rating and assigned a $6 target price (versus a $3.16 close) at H.C. Wainwright. The shares were indicated up 6% at $3.35 on Thursday, in a 52-week range of $2.10 to $4.33.
WisdomTree Investments Inc. (NASDAQ: WETF) was maintained as Sell and the price target was cut to $6 from $7 (versus an $8.15 close, after a 3.4% gain) at Citigroup.
William Lyon Homes (NYSE: WLH) was downgraded to Neutral from Outperform with a $22 price target (versus a $19.31 close) at Wedbush.
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Wednesday’s top analyst calls were in Baker Hughes, Ericsson, E*Trade, Halliburton, Nokia, SunPower, Taiwan Semiconductor, Transocean and many more.