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Top Analyst Upgrades and Downgrades: Allergan, Apple, Carnival, Ciena, Juniper, Lockheed Martin, Plug Power, Take-Two, United Continental, Zynga and More
January 30, 2019 8:50 am
Last Updated: January 31, 2020 1:19 am
Harris Corp. (NYSE: HRS) rose 8.8% to $155.22 on Tuesday after news that it beat earnings expectations. Argus reiterated it as Buy with a $170 price target, and Credit Suisse reiterated its Outperform rating raised its price target to $178 from $176.
Intercept Pharmaceuticals Inc. (NASDAQ: ICPT) was raised to Market Outperform from Market Perform with a $175 target price (versus a $112.35 close) at JMP Securities.
Juniper Networks Inc. (NYSE: JNPR) was indicated down over 11% at $24.80 on Wednesday and was the largest percentage loser on the New York Stock Exchange in Tuesday’s after-hours session after earnings. Merrill Lynch downgraded it to Underperform from Buy with a $25 price objective.
Lockheed Martin Corp. (NYSE: LMT) was maintained as Buy at Argus, with the firm noting that recent weakness after earnings represents a buying opportunity.
Olin Corp. (NYSE: OLN) was downgraded to Reduce from Neutral with a $22 price target at Nomura/Instinet.
Parsley Energy Inc. (NYSE: PE) was started with a Neutral rating at Mizuho.
Plug Power Inc. (NASDAQ: PLUG) was raised to Neutral from Sell with a $1.30 target price (versus a $1.40 close) at Roth Capital.
Stryker Corp. (NYSE: SYK) was reiterated as Outperform and the price target was raised to $198 from $195 at Credit Suisse.
Synchrony Financial (NYSE: SYF) was raised to Buy from Neutral with a $37 price objective (versus a $29.65 close) at Merrill Lynch.
Take-Two Interactive Software Inc. (NASDAQ: TTWO) was started with a Buy rating and assigned a $130 price target (versus a $100.81 close) at Goldman Sachs.
United Continental Holdings Inc. (NYSE: UAL) was started with a Buy rating and assigned a $101 price target at Argus. It has a consensus target price of $103.88 and a 52-week trading range of $60.44 to $97.85.
24/7 Wall St.Westlake Chemical Corp. (NYSE: WLK) was downgraded to Reduce from Neutral with a $72 target price (versus a $76.72 close) at Nomura/Instinet.
Whirlpool Corp. (NYSE: WHR) was up over 9% at $136.49 after earnings on Tuesday, despite having opened on the day down at $116.77. RBC Capital Markets downgraded the stock to Underperform from Sector Perform, and Raymond James downgraded it to Market Perform from Outperform.
WPX Energy Inc. (NYSE: WPX) was started with a Neutral rating at Mizuho.
Zions Bancorp. (NASDAQ: ZION) was reiterated as Buy and the price target was raised to $54 from $51 (versus a $48.25 close) at Argus.
Zynga Inc. (NASDAQ: ZNGA) was started with a Buy rating and assigned a $5.30 price target (versus a $4.42 close) at Goldman Sachs. Shares were indicated up 2% at $4.50 on Wednesday, and the consensus target price is $4.68.
Tuesday’s top analyst upgrades and downgrades included Activision Blizzard, AK Steel, Applied Materials, Cree, Dell Technologies, Etsy, Lam Research, Nvidia, Square, 3D Systems, Visa, Wayfair and many more.
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