Procter & Gamble Co. (NYSE: PG) was raised to Buy from Neutral at Merrill Lynch. The 52-week trading range for the consumer good giant is $70.73 to $94.86. The consensus price target is $89.47. The shares closed Wednesday at $94.03.
Coca-Cola Co. NYSE: KO) was resumed in coverage with a Neutral rating at UBS, which has a $51 price target. The consensus target for the beverage giant is $51.72. The stock closed Wednesday at $49.22.
Other key analysts upgrades and downgrades were seen in the following:
Cognex Corp. (NASDAQ: CGNX) saw its target price raised to $47 from $45 at Needham after the firm met with analysts yesterday. The firm kept its Buy rating on the stock, which has traded between $36.16 and $70 over the past year, and the consensus price objective is $49.38. The shares ended trading on Wednesday at $41.85.
DocuSign Inc. (NASDAQ: DOCU) was started with a Neutral rating and a $45 price objective at Goldman Sachs. The consensus price target is $59. The stock closed trading on Wednesday at $42.40, and despite the tepid initiation, shares were higher in premarket trading.
Five Below Inc. (NASDAQ: FIVE) was raised to Buy from Neutral at Goldman Sachs. The stock has traded between $60 and $136.16 over the past year. The consensus price target is $127.65. The shares ended trading on Wednesday at $101.40 but were up on the news in the premarket.
GCP Applied Technologies Inc. (NYSE: GCP) was resumed in coverage with a Neutral rating at C.L. King. The 52-week trading range is $23.85 to $34.79. The consensus price target is $29.50. The stock closed Wednesday at $25.43.
Molson Coors Brewing Co. (NYSE: TAP) was started with a Buy rating at UBS, which has an $80 price target on the beer giant. That compares with a consensus price target of $72.88. The stock ended trading on Wednesday at $63.07.
Neurocrine Biosciences Inc. (NASDAQ: NBIX) was started with a Buy rating at Goldman Sachs, which has a $103 price objective. That compares with a consensus target of $113.93. The stock ended up on Wednesday at $73.83, down a whopping 14% after posting some disappointing clinical data.
Sabre Corp. (NASDAQ: SABR) was downgraded to Hold from Buy at Deutsche Bank. Shares have traded in a 52-week range of $17.91 to $26.78, and the consensus price objective is $28.00. The stock ended trading on Wednesday at $24.99.
Medicines Co. Inc. (NASDAQ: MDCO) was started with a Neutral rating and a $25 price target at Goldman Sachs. The consensus target is $48.60, and shares closed Wednesday at $28.21.
In case you missed it, Wednesday’s top analyst upgrades and downgrades included American Tower, American Waterworks, Bank of America, eBay, FedEx, Lululemon Athletica, Morgan Stanley, Vale, Verizon and more.
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