Top Analyst Upgrades and Downgrades: Abiomed, Allscripts, Apple, Carbonite, Kraft Heinz, L3, Southern Copper, Starbucks, VeriSign, XPO and More

Intellia Therapeutics, Inc. (NASDAQ: NTLA) was downgraded to Neutral from Outperform at Wedbush Securities, with the firm noting that development delays push out initiation of the company’s first clinical trial likely another six months to sometime in 2020.

The Kraft Heinz Company (NASDAQ: KHC) was downgraded to Negative from Neutral at Susquehanna after the shares were indicated down 6% at $52.50 after earnings. This is a throw-in-the-towel call, as Kraft Heinz has a 52-week range of $53.03 to $82.48. It previously had a consensus analyst target price of $66.27.

L3 Technologies, Inc. (NYSE: LLL) was downgraded to Neutral from Overweight with a $71 price target (versus $57.38 close) at J.P. Morgan.

Michael Kors Holdings Limited (NYSE: KORS) was raised to Overweight from Neutral at Piper Jaffray.

Novocure Limited (NASDAQ: NVCR) was downgraded to Market Perform from Outperform at Wells Fargo.

Parker-Hannifin Corporation (NYSE: PH) was raised to Outperform from Market Perform with a $193 price target at Wells Fargo.

Puma Biotechnology, Inc. (NASDAQ: PBYI) was last seen down 35% at $25.00 or so after earnings news. Puma Bio was downgraded to Underweight from Equal Weight at Barclays, and it was lowered to Underweight from Overweight at J.P. Morgan.

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Southern Copper Corporation (NYSE: SCCO) was raised to Buy from Neutral at UBS, after shares rose 3.7% to $39.77. Southern Copper has a consensus analyst target price of $45.86 and it has a 52-week range of $35.59 to $58.09.

Starbucks Corporation (NASDAQ: SBUX) was maintain and Neutral at Wedbush Securities, but the company increased its price target to $64 from $53 based on positive same store sales growth as the beverage contribution accelerated.

VeriSign Inc. (NASDAQ: VRSN) was raised to Outperform from Neutral at Robert W. Baird, and it was raised to Neutral from Underweight at J.P. Morgan. VeriSign shares were indicated up almost 7% at $150.50 on Friday after earnings, versus a 52-week range of $105.40 to $164.19 and versus a prior consensus analyst target price of $148.00.

Xcel Energy Inc. (NYSE: XEL) was downgraded to Neutral from Buy at Mizuho.

XPO Logistics, Inc. (NYSE: XPO) was raised to Buy from Hold at Stifel, after falling 2.6% to $86.99. XPO was indicated up 0.8% at $87.70 on Friday, versus a consensus analyst target price of $123.15.

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Thursday’s top analyst calls were in shares of American Eagle, Facebook, Nutrisystem, Pfizer, Roku, SeaWorld, Valero, Zynga and more than a dozen more companies.

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