Top Analyst Upgrades and Downgrades: American Eagle, Facebook, Nutrisystem, Pfizer, Roku, SeaWorld, Valero, Zynga and More

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Roku Inc. (NASDAQ: ROKU) was raised to Outperform from Neutral at Wedbush Securities, but the firm lowered its target price to $65 from $73 after taking a more conservative approach to valuation. Shares closed at $55.60 ahead of this call. The consensus target price was $69.08.

Sanofi (NYSE: SNY) was raised to Equal Weight from Underweight at Barclays.

SeaWorld Entertainment Inc. (NYSE: SEAS) was raised to Overweight from Sector Weight with a $35 price target (versus a $26.12 close) at KeyBanc Capital Markets. It has a 52-week trading range of $10.42 to $32.47, and it had a consensus target price of $31.50 ahead of this call.

Valero Energy Corp. (NYSE: VLO) was raised to Outperform from Neutral with a $120 price target (versus a $91.09 close) at Credit Suisse. The consensus target price was last seen at $125.88.

Walker & Dunlop Inc. (NYSE: WD) was raised to Outperform from Neutral at Wedbush, but the target price was lowered to $55 from $58 based on a recent sell-off in the shares in the commercial real estate services group.

WEX Inc. (NYSE: WEX) was Raised to Outperform from Market Perform and assigned a $200 price target at Wells Fargo. The stock was up 4.9% at $175.96 at the pre-call close, and its consensus target price is $211.92.

Wisconsin Energy Group Inc. (NYSE: WEC) was downgraded to Neutral from Buy at Merrill Lynch.

Zynga Inc. (NASDAQ: ZNGA) was reiterated as Outperform at Wedbush, but the firm maintained its $6 price target to reflect a higher EV/EBITDA multiple for 2019 and to reflect increased visibility into future growth. Also, Credit Suisse maintained its Underperform rating. The shares closed down 0.8% at %3.64 on Wednesday, and Thursday’s post-earnings reaction was last seen down 2.2% at $3.56.

Credit Suisse has addressed the recent sell-off with some refuting of fears. It noted that third-quarter results have been more than solid, with earnings on target for 26% growth on the back of 6% surprises. While many investors are pointing to disappointing guidance as a source of market weakness, the firm’s own data refutes this claim as fourth-quarter and fiscal 2019 trends are outpacing historical comparisons.

Despite serious weakness in oil and gas prices and in the stocks in the sector, Stifel likes five top energy names as earnings roll in.

Wednesday’s top analyst upgrades and downgrades included Aetna, Baker Hughes, Chesapeake Energy, Cognizant Technology Solutions, Cummins, Eli Lilly, General Electric, Qualcomm, Weatherford and many more.

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