Top Analyst Upgrades and Downgrades: American Airlines, ADM, BB&T, Cimarex, CRISPR, Editas, Grubhub, Kroger, NXP, Twitter, Walmart and More
Grubhub Inc. (NYSE: GRUB) was raised to Buy from Neutral at Merrill Lynch, and Roth Capital also raised it to Buy from Neutral. Shares closed down 2% at $82.27 on Thursday but were indicated up the same amount on Friday. Shares have a 52-week range of $66.62 to $149.35 and a consensus analyst target of $114.73.
Kellogg Co. (NYSE: K) was downgraded to Hold from Buy with a $62 price target (versus a $55.84 close, after a 5.6% drop) at Pivotal Research. Kellogg had a $65.67 consensus target price, and its 52-week range is $55.11 to $74.98.
Kroger Co. (NYSE: KR) was started as Underperform at Buckingham Research. It closed down 0.4% at $28.18 and had a consensus target price of $31.09. Shares have a 52-week range of $22.85 to $32.74.
Match Group Inc. (NASDAQ: MTCH) was up 5% at $55.76 on Thursday after beating earnings estimates. Nomura/Instinet still downgraded it to Neutral from Buy. Its consensus target price was $50.24.
NuVasive Inc. (NASDAQ: NUVA) was downgraded to Hold from Buy at Needham. Shares closed at $50.52, in a 52-week range of $43.51 to $72.41. The consensus price target is $59.33.
NXP Semiconductors N.V. (NASDAQ: NXPI) was downgraded to Neutral from Buy by Mizuho. After closing down almost 2% at $90.73 on Thursday, it was indicated down another 0.8% on Friday, and it has a consensus target price of $99.00.
SunTrust Banks Inc. (NYSE: STI) was up 10% at $64.72 after announcing a merger with BB&T. Sanford Bernstein downgraded SunTrust to Market Perform from Outperform, but Macquarie raised its rating to Neutral from Underperform.
Tata Motors Ltd. (NYSE: TTM) was down almost 10% at $11.40 on Thursday and down another 6.5% at $10.65 for its American depositary shares after posting a loss. Merrill Lynch downgraded the shares to Neutral from Buy, and Nomura/Instinet downgraded them to Neutral as well. The 52-week trading range is $10.49 to $29.39.
Twitter Inc. (NYSE: TWTR) closed down almost 10% at $30.80 on Thursday after earnings, in a 52-week range of $26.19 to $47.79 and with a consensus target price of $34.54. Wedbush maintained Twitter as Neutral with a $37 price target (versus a $30.80 close). Morgan Stanley maintained an Equal Weight rating and lowered its target to $31 from $33.
Walmart Inc. (NYSE: WMT) was started as Neutral at Buckingham Research. Walmart shares closed up 0.2% at $96.89 on Thursday and were indicated to open flat on Friday. Shares have a 52-week range of $81.78 to $106.21 and a consensus analyst target of $106.93.
Thursday’s top analyst calls included Bloom Energy, Chipotle Mexican Grill, Cognizant Technology Solutions, Cummins, FireEye, Humana, MacroGenics, Spirit Airlines, Vale, Walt Disney and many more.