Investing
Top Analyst Upgrades and Downgrades: Amgen, Chipotle, Lam Research, Netgear, Teva Pharmaceutical, Western Digital and More
October 1, 2018 8:55 am
Last Updated: January 11, 2020 5:05 pm
Veeva Systems Inc. (NASDAQ: VEEV) was downgraded to Hold from Buy at Canaccord Genuity. The 52-week trading range is $52.17 to $109.09, and the stock has a consensus price target of $98.42. With the stock closing above that level Friday at $108.87, this looks like a valuation call.
Western Digital Corp. (NASDAQ: WDC) was downgraded to Neutral from Buy at Mizuho. The 52-week trading range for the hard disk drive giant is $53.61 to $106.96, and the consensus price target is $98.63. The stock ended Friday’s trading at $58.54.
Other key analysts upgrades and downgrades were seen in the following:
Apollo Global Management LLC (NYSE: APO) was added to the Goldman Sachs Conviction Buy list. The 52-week trading range is $28 to $37.35, and the consensus price target is $40.18. The stock closed Friday at $34.55.
Autoliv Inc. (NYSE: ALV) was downgraded to Neutral from Outperform at Baird. The 52-week trading range is $83.94 to $115.44. The consensus price objective is posted at $117.48. The shares closed Friday at $86.68.
Avalara Inc. (NYSE: AVLR) is raised to Overweight from Sector Weight at KeyBanc Capital Markets. The 52-week trading range is $32.10 to $59.40. The consensus price objective is $47. The stock closed trading Friday at $34.93 a share.
24/7 Wall St.F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Underweight from Neutral at Piper Jaffray. The 52-week trading range is $114.63 to $199.71, and the consensus price target is $173.43. This looks like another valuation call.
Frontline Ltd. (NYSE: FRO) was resumed in research coverage at Jefferies with a Hold rating and a $6 price target. That compares with a consensus target of $5.10. The shares closed Friday’s trading at $5.81, but were up over 5% in premarket action.
Infinera Corp. (NASDAQ: INFN) was downgraded to Sell from Neutral at MKM Partners. The stock has traded in a 52-week range of $6.10 to $12.39, and the consensus price target is set at $10.98. The shares ended trading on Friday at $7.30.
Viavi Solutions Inc. (NASDAQ: VIAV) is raised to Buy from Hold at Deutsche Bank. The shares have traded between $8.34 and $11.55 over the past year. The consensus price target is $12.94. The stock closed Friday at $11.34, but shares were up over 4% in premarket trading.
In case you missed it, check out Friday’s top analyst upgrades and downgrades, which included Accenture, Blucora, Carnival, Cnooc, Hormel, Lowe’s, Tesla, WPX Energy, Zynga and more.
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