Investing

Top Analyst Upgrades and Downgrades: Activision Blizzard, AK Steel, Applied Materials, Cree, Dell, Etsy, Lam Research, Nvidia, Square, 3D Systems, Visa, Wayfair and More

Fiserv Inc. (NASDAQ: FISV) was downgraded to Hold from Buy at SunTrust Robinson Humphrey.

First Data Corp. (NYSE: FDC) was downgraded to Hold from Buy at SunTrust Robinson Humphrey.

FleetCor Technologies Inc. (NYSE: FLT) was started with a Hold rating at Jefferies.

Lam Research Corp. (NASDAQ: LRCX) was raised to Outperform from Sector Perform with a $190 target price (versus a $166.06 close) at RBC Capital Markets. The 52-week range is $122.64 to $234.88.

Limelight Networks Inc. (NASDAQ: LLNW) was raised to Market Perform from Underperform at Raymond James.

Mastercard Co. (NYSE: MA) was started with a Buy rating at Jefferies.

MercadoLibre Inc. (NASDAQ: MELI) was started with a Hold rating at Deutsche Bank.

Nvidia Corp. (NASDAQ: NVDA) fell 13.8% to $138.01 after its second revenue warning on Monday, and multiple analysts slashed their price targets on Monday as well. Now we have seen two formal analyst downgrades on Tuesday. Needham dropped it to Underperform from Buy at in a two-notch downgrade, and Morgan Stanley downgraded it to Equal Weight from Overweight with a $148 price target. UBS actually raised the stock to Buy from Neutral after the drop, but its price target was cut to $180 from $190 in the call.

Rapid7 Inc. (NASDAQ: RPD) was raised to Strong Buy from Outperform and the price target was raised to $45 from $39 at Raymond James. The consensus target price is $40.29.

Square Inc. (NYSE: SQ) was downgraded to Underperform from Market Perform at Raymond James.

Stratasys Ltd. (NASDAQ: SSYS) was raised to Overweight from Neutral and the price target was raised to $31 from $19 (versus a $22.28 close) at Piper Jaffray. It had a $21.17 consensus target ahead of this call, and its shares were indicated up over 7% on Tuesday.

3D Systems Corp. (NYSE: DDD) was raised to Overweight from Neutral with a $17 price target (versus an $11.54 close) at Piper Jaffray. It had a $12.00 consensus target ahead of this call, and its shares were indicated up over 6% at $12.30 on Tuesday.

TCF Financial Corp. (NYSE: TCF) was raised to Strong Buy from Outperform with a $28 target price (versus a $22.72 close) at Raymond James.

UroGen Pharma Ltd. (NASDAQ: URGN) was started with a Buy rating and assigned an $82 target price (versus a $40.16 close) at H.C. Wainwright. It has a 52-week range of $36.95 to $69.57 and close to an $800 million market cap.

Visa Inc. (NYSE: V) was started with a Buy rating at Jefferies.

Wayfair Inc. (NYSE: W) was started with a Buy rating and assigned a $124 price target (versus a $104.47 close) at Deutsche Bank.

Credit Suisse made big changes on its internet leaders on Monday, noting that investors should use any weakness around earnings as a buying opportunity.

Monday’s top analyst calls were in shares of AK Steel, CRISPR, Dell Technologies, DocuSign, Grubhub, NRG Energy, U.S. Steel, Vale, Wayfair, Zynga and many more.