Novavax Inc. (NASDAQ: NVAX) was started with a Buy rating and assigned a $6 target price (versus a $2.19 close) at H.C. Wainwright. The consensus target price is $4.50, and the 52-week trading range is $1.15 to $2.75.
NRG Energy Inc. (NYSE: NRG) was downgraded to Hold from Buy at Deutsche Bank. Shares closed down almost 2% at $40.93 on Friday, and they have a consensus target price of $45.25.
Olin Corp. (NYSE: OLN) was started as Overweight and assigned a $30 price target (versus a $23.73 close) at KeyBanc Capital Markets. Its consensus target price was $26.94.
Sanderson Farms Inc. (NASDAQ: SAFM) was raised to Buy from Neutral and the target price was raised to $130 from $100 (versus a $118.00 close) at Mizuho.
Suncor Energy Inc. (NYSE: SU) was started with a Neutral rating at Credit Suisse.
SunTrust Banks Inc. (NYSE: STI) was downgraded to Neutral from Outperform at Robert W. Baird
US Bancorp (NYSE: USB) was downgraded to Neutral from Outperform at Robert W. Baird.
United States Steel Corp. (NYSE: X) was raised to Equal Weight from Underweight at Morgan Stanley. U.S. Steel shares were up 4.5% at $21.64 on Friday and were indicated up another 1% on Monday, with a prior consensus target price of $30.88 and a 52-week trading range of 17.09 to $47.64.
Vale S.A. (NYSE: VALE) was down 8% on Friday in New York trading, and its local shares in Brazil opened down 18% on Monday after its dam burst in Brazil and wiped out a village. Multiple downgrades have been seen: HSBC to Hold from Buy, Macquarie to Neutral from Outperform, Jefferies to Hold from Buy and BMO Capital Markets to Market Perform from Outperform.
Wayfair Inc. (NYSE: W) was raised to Outperform from Neutral and the price target was raised to $130 from $117 (versus a $102.19 close) at Credit Suisse. Wayfair had a 52-week range of $60.53 to $151.20 and a consensus target price of $117.20.
Zynga Inc. (NASDAQ: ZNGA) was raised to Overweight from Sector Weight with a $5 price target (versus a $4.38 close) at KeyBanc Capital Markets. The consensus analyst target is $4.69. The 52-week trading range is $3.20 to $4.57.
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