Top Analyst Upgrades and Downgrades: BofA, Caterpillar, Chevron, CSX, Kimberly-Clark, Nautilus, Netflix, Signet, Valero and More

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Netflix Inc. (NASDAQ: NFLX) traded lower (about 2% to $346.00) after earnings and net subscriber addition guidance, but the shares had traded up handily ahead of earnings and then again after its price hikes. Morgan Stanley reiterated its Overweight rating and raised its target price to $450 from $430, and Pivotal Research reiterated its Buy rating and raised its target to $500 from $480. Wedbush has maintained its Underperform rating yet again, but it did raise its price target to $165 from $150.

ONEOK Inc. (NYSE: OKE) was started with a Buy rating and assigned a $72 price target (versus a $61.90 close) at SunTrust Robinson Humphrey. Its consensus price target was $70.17.

PPG Industries Inc. (NYSE: PPG) was downgraded to Neutral from Overweight with a $106 price target (versus a $107.36 close) at JPMorgan.

Provention Bio Inc. (NASDAQ: PRVB) was started with a Buy rating and assigned a $7.50 price target (versus a $2.22 close) at H.C. Wainwright.

Primerica Inc. (NYSE: PRI) was started as Outperform and assigned a $135 price target at Credit Suisse. The firm sees it covering an underserved middle market opportunity with limited balance sheet risk and attractive valuation.

Signet Jewelers Ltd. (NYSE: SIG) was down 24% at $25.13 after earnings. Citigroup has now downgraded the stock to Sell from Neutral after the move, and the shares looked to be putting in a new 52-week low of $24.90 in premarket trading.

Spectrum Brands Holdings Inc. NYSE: SPB) was raised to Buy from Neutral and the price objective was raised to $65 from $50 at Merrill Lynch.

United States Steel Corp. (NYSE: X) was downgraded to Neutral from Buy at Longbow Research. It closed up 2.8% at $21.22 on Thursday and has a consensus target price of $31.06.

Valero Energy Corp. (NYSE: VLO) was raised to Outperform from Neutral at Macquarie. The stock closed up almost 2% at $80.49 ahead of the call and was indicated up almost 1% more, with a prior consensus target price of $110.53.

York Water Co. (NASDAQ: YORW) was started with a Buy rating and assigned a $35 price target (versus a $31.27 close) at Janney. The firm sees York’s geographic positioning, a constructive regulatory environment, opportunities for acquisitions and infrastructure investments driving earnings growth.

Zscaler Inc. (NASDAQ: ZS) was reiterated a Outperform and the price target was raised to $53 from $48 at Wedbush, noting major tailwinds and a product portfolio heading into the next 12 to 18 months.

Merrill Lynch says investors could profit mightily off of top life insurers!

Thursday’s top analyst calls were included Alcoa, Cars.com, CVS, Electronic Arts, Halliburton, PNC, Salesforce.com, Walgreens, UnitedHealth and many more. Wednesday’s top analyst calls were in Apache, Caesars, Dell, Devon Energy, HPE, NetApp, Nordstrom, MetLife, Snap and many more.

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