Investing

Top Analyst Upgrades and Downgrades: Bloom Energy, Chipotle, Cognizant, Cummins, FireEye, Humana, MacroGenics, Spirit Airlines, Vale, Disney and More

Jon C. Ogg

Iovance Biotherapeutics Inc. (NASDAQ: IOVA) was started as Outperform and the price target was set at $29 (versus a $9.83 close) at Robert W. Baird. Shares last closed at $9.83, in a 52-week range of $7.26 to $19.90 and with a consensus price target of $30.29.

MacroGenics Inc. (NASDAQ: MGNX) rose 130% to $25.60 a share on Wednesday after positive breast cancer drug news. Citigroup upgraded it to Buy from Sell and raised the target price to $39 from $10, and Raymond James raised it to Market Perform from Underperform. Wedbush Securities downgraded the stock to Neutral from Outperform with a $26 target, noting that margetuximab in 3/4L HER2-positive metastatic breast cancer being approved was baked into the price at current levels. The 52-week trading range is $9.87 to $32.74.

Omega Healthcare Investors Inc. (NYSE: OHI) was downgraded to Hold from Buy at Stifel. Shares last closed at $39.37, in a 52-week range of $25.05 to $40.30. The consensus analyst target is $35.50.

Owens-Illinois Inc. (NYSE: OI) was downgraded to Neutral from Buy at Merrill Lynch. Shares last closed at $19.71, in a 52-week range of $15.67 to $23.45. The stock has a consensus price target of $20.46.

PACCAR Inc. (NASDAQ: PCAR) was raised to Outperform from Neutral at Robert W. Baird. Shares last closed at $65.56, in a 52-week range of $53.43 to $72.89. The consensus price target is $66.35.

Spectrum Pharmaceuticals Inc. (NASDAQ: SPPI) was started with an Overweight rating and assigned a $19 target price (versus an $11.23 close) at Cantor Fitzgerald.

Spirit Airlines Inc. (NYSE: SAVE) was raised to Buy from Neutral and the target price was raised to $85 from $78 (versus a $60.90 close) at Goldman Sachs. The consensus target price was $75.13, and the 52-week trading range is $34.36 to $65.35.

Suncor Energy Inc. (NYSE: SU) was raised to Outperform from Neutral at Macquarie. Shares last closed at $33.19, in a 52-week range of $25.81 to $42.55 and with a consensus price target of $42.83.

Vale S.A. (NYSE: VALE) was downgraded to Equal Weight from Overweight at Morgan Stanley. Shares last closed at $11.36. The 52-week range is $11.08 to $16.13 and the consensus price target is $16.97.

Walt Disney Co. (NYSE: DIS) was maintained as Market Perform but the price target was raised to $114 from $109 at BMO Capital Markets.

XPO Logistics Inc. (NYSE: XPO) was started with a Buy rating and assigned a $75 price target (versus a $59.31 close) at Loop Capital. The consensus target price is $94.16, and the 52-week trading range is $41.05 to $116.27.

Zafgen Inc. (NASDAQ: ZFGN) was raised to Outperform from Market Perform with a $9 target price (versus a $4.52 close) at Leerink. It had a consensus target price of $11.40 but only had a $166 million market cap.

Wednesday’s top analyst calls were in DowDuPont, Electronic Arts, Estee Lauder, Exxon Mobil, Generac, Match, Nasdaq, Novartis, PayPal, Snap, Vishay and many more.