Investing

Top Analyst Upgrades and Downgrades: American Air, BlackBerry, Mallinkrodt, PG&E, RingCentral, Southwest Airlines, Yeti and More

PG&E Corporation (NYSE: PCG) was raised to Buy from Neutral but the target price was cut to $40 from $48 at Citigroup. PG&E shares were up 37% at $24.40 on Friday after news that regulators did not want PG&E to go bankrupt even if it did have a role in the record wild fires in California.

PJY Partners Inc. (NYSE: PJT) was raised to Buy from Neutral and the price objective was raised to $55 from $53 at BofA Merrill Lynch.

The PNC Financial Services Group, Inc. (NYSE: PNC) was downgraded to Market Perform from Outperform at BMO Capital Markets.

The Progressive Corporation (NYSE: PGR) was raised to Neutral from Underperform at Buckingham Research.

ProPetro Holding Corp. (NYSE: PUMP) was started with a Buy rating with a $25 price target (versus $18.88 close) at Citigroup.

Puma Biotechnology, Inc. (NASDAQ: PBYI) was raised to Neutral from Sell at Goldman Sachs.

RingCentral, Inc. (NYSE: RNG) was raised to Outperform from Neutral with a $100 price target (versus $76.40 close) at Robert W. Baird. RingCentral had a consensus analyst target price of $95.60 and it has a 52-week range of $43.85 to $98.15.

Robert Half International Inc. (NYSE: RHI) was downgraded to Underweight from Overweight at Barclays.

Roche Holding A (RHHBY) was maintained as Buy but was removed from the prized Conviction Buy list at Goldman Sachs.

Select Energy Services, Inc. (NYSE: WTTR) was raised to Buy from Neutral with a $15 price target (versus $9.84 close) at Citigroup.

Southwest Airlines Co. (NYSE: LUV) was started as Neutral and was assigned a $54 price target (versus $52.58 close) at Credit Suisse.

Spirit Airlines, Inc. (NYSE: SAVE) was started as Neutral and was assigned a $59 price target (versus $52.44 close) at Credit Suisse.

TD Ameritrade Holding Corporation (NASDAQ: AMTD) was raised to Buy from Neutral at UBS.

Yeti Holdings Inc. (NYSE: YETI) was started with a Buy rating and was assigned a $22 price target (versus $17.02 close) at BofA Merrill Lynch.

Canaccord Genuity added many biotech catalysts to watch for the rest of 2018.

Friday’s top analyst calls were in shares of Goldcorp, Home Depot, J.C. Penney, NVIDIA, PG&E, Qualcomm, Target, Taiwan Semi, Weatherford, Yamana Gold and many more companies.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.