Top Analyst Upgrades and Downgrades: DowDuPont, Electronic Arts, Estee Lauder, Exxon, Generac, Match, Nasdaq, Novartis, PayPal, Snap, Vishay and More

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Generac Holdings Inc. (NYSE: GNRC) was downgraded to Market Perform from Outperform at William Blair. Shares last closed at $52.83, in a 52-week range of $42.96 to $60.70. The consensus price target is $61.43.

Illumina Inc. (NASDAQ: ILMN) was reiterated as Buy with a $340 target price (versus a $281.87 close) at Argus. It has a consensus target price of $355.00 and a 52-week trading range of $209.48 to $372.61.

Legg Mason Inc. (NYSE: LM) was raised to Buy from Neutral and the target price was raised to $36 from $27 (versus a $30.05 close) at Citigroup.

Marinus Pharmaceuticals Inc. (NASDAQ: MRNS) was started with an Outperform rating and assigned a $10 price target (versus a $3.66 close) at Leerink.

Match Group Inc. (NASDAQ: MTCH) was downgraded to Hold from Buy at Deutsche Bank. Shares last closed at $55.68, in a 52-week range of $33.06 to $60.95. The stock has a consensus price target of $50.24.

Nasdaq Inc. (NASDAQ: NDAQ) was started with a Buy rating and assigned a $97 target price at Argus. The stock closed at $86.81 ahead of this call, with a $93.81 consensus target price.

New York Community Bancorp Inc. (NYSE: NTYCB) was raised to Buy from Neutral and the target was raised to $15 from $10 (versus an $11.82 close) at UBS.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) was raised to Overweight from Equal Weight and the target was raised to $62 from $58 (versus a $51.81 close) at Morgan Stanley.

Novartis A.G. (NYSE: NVS) was reiterated as Buy and the price target was raised to $98 for its American depositary shares (versus an $88.95 close) at Argus. The 52-week trading range is $72.30 to $92.39.

PayPal Holdings Inc. (NASDAQ: PYPL) was downgraded to Neutral from Buy at Guggenheim. The stock closed at $92.97 ahead of the call, with a consensus target price of $99.77.

Qualys Inc. (NASDAQ: QLYS) was maintained as Outperform with a $90 price target but was removed from the Best Ideas List at Wedbush. The removal was after a 25% run in the shares since October, and the current valuation now better reflects the improving cloud secular trend growth heading into the rest of 2019.

Snap Inc. (NYSE: SNAP) was up 1.6% at $7.04 ahead of earnings but the stock was up 23% at $8.68 in Wednesday’s post-earnings trading indications. Wedbush reiterated it as Outperform with a $12.25 price target (versus a $7.04 close). Also, Raymond James raised it to Market Perform from Underperform.

Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) was downgraded to Neutral from Overweight at Cantor Fitzgerald. Shares last closed at $25.06, in a 52-week range of $13.88 to $33.44. The consensus price target is $42.50.

Vishay Intertechnology Inc. (NYSE: VSH) was downgraded to Neutral from Buy at Merrill Lynch. The stock closed up 10% at $21.60 on Tuesday after earnings. The consensus target price is $21.00, and the 52-week trading range is $16.63 to $26.50.

Tuesday’s top analyst calls included Albermarle, Alphabet, Booking, Box, CenturyLink, Cigna, Kraft Heinz, MercadoLibre, Tesla, Waste Management and many more.

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