Investing

Top Analyst Upgrades and Downgrades: Best Buy, Emerson Electric, Genpact, IBM, Lululemon, Manchester United, Sherwin-Williams, SCANA and More

International Business Machines Corp. (NYSE: IBM) was maintained as Outperform but the target price was lowered to $167 from $175 at RBC Capital Markets. The 52-week range is $114.09 to $171.13, and the consensus target price of $153.58.

Lululemon Athletica Inc. (NASDAQ: LULU) was raised to Buy from Hold with a $151 target price (versus a $119.12 close) at Stifel. Lululemon has a 52-week range of $74.90 to $164.79, and it had a consensus target price of $163.55.

Manchester United PLC (NYSE: MANU) was started with a Buy rating and assigned a $26 price target (versus a $17.49 close) at Jefferies. The 52-week trading range is $16.91 to $27.70.

MFA Financial Inc. (NYSE: MFA) was raised to Outperform from Market Perform with a $7.50 price target at JMP Securities. It has a 52-week range of $6.72 to $8.29. The consensus analyst target is $7.38.

Middlesex Water Co. (NASDAQ: MSEX) was downgraded to Neutral from Buy with a $53 price target (versus a $58.56 close) in a valuation downgrade at Janney. This was after a 7% gain on Friday, and its 52-week range is $33.96 to $60.31.

Nightstar Therapeutics PLC (NASDAQ: NITE) was started as Overweight with a $28 price target (versus an $11.64 close) at Barclays. The 52-week range is $9.59 to $29.55, and the consensus target price is $34.25.

Scotts Miracle-Gro Co. (NYSE: SMG) was raised to Outperform from Underperform at Raymond James. It has a 52-week range of $62.50 to $110.12 and a consensus target price of $92.33.

Sherwin-Williams Co. (NYSE: SHW) was raised to Overweight from Neutral with a $415 price target (versus a $386.00 close) at JPMorgan. It has a 52-week range of $355.28 to $479.64, and the consensus target price is $443.27.

SCANA Corp. (NYSE: SCG) was downgraded to Neutral from Buy with a $51 target price (versus a $50.98 close) at Guggenheim. Shares managed to close up 6.3% on Friday despite the big sell-off, and the 52-week range is $33.61 to $51.27.

Stanley Black & Decker Inc. (NYSE: SWK) was raised to Buy from Hold and the target price was raised to $143 from $136 (versus a $118.36 close) at Deutsche Bank. The 52-week range is $106.41 to $176.62.

Taiwan Liposome Co. Ltd. (NASDAQ: TLC) was started with a Buy rating and assigned a $13 price target (versus a $6.00 close) at Janney. Also, H.C. Wainwright started it with a Buy rating but a $9 target price. It has a 52-week range of $5.80 to $8.16.

Zions Bancorp (NASDAQ: ZION) was started as Buy with a $51 price target (versus a $41.54 close) at Argus. The 52-week range is $41.40 to $59.19, and the consensus target price is $56.92.

Friday’s top analyst calls included Activision Blizzard, BioMarin Pharmaceuticals, Ciena, Delta Air Lines, GlaxoSmithKline, Procter & Gamble, Regeneron, Tesla and many more.

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