Top Analyst Upgrades and Downgrades: Adobe, AIG, CareDx, Coca-Cola, General Dynamics, Harvard Bio, LogMeIn, TrueCar, WorkDay and More
Insmed Inc. (NASDAQ: INSM) was raised to Outperform from Market Perform at JMP Securities. Shares closed at $26.10. The 52-week range is $11.31 to $31.58 and the consensus target price is $36.70.
Laredo Petroleum Inc. (NYSE: LPI) was downgraded to Neutral from Buy and the price target was lowered to $3 from $5 (versus a $3.85 close) at MKM Partners. The consensus analyst target is $5.51.
LogMeIn Inc. (NASDAQ: LOGM) was downgraded to Perform from Outperform at Oppenheimer. It was indicated down 17% at $79.00 after earnings and guidance and has a 52-week range of $74.87 to $129.94. The prior consensus target price was $104.00.
Mirati Therapeutics Inc. (NASDAQ: MRTX) was started as Overweight at Piper Jaffray. Shares closed at $72.85. The 52-week range is $24.65 to $73.74 and the consensus target price is $65.22.
Simon Property Group Inc. (NYSE: SPG) was downgraded to Neutral from Buy at Mizuho. Shares closed at $183.76, in a 52-week range of $145.78 to $191.49. The consensus target price is $197.11.
Star Bulk Carriers Corp. (NASDAQ: SBLK) was downgraded to Equal Weight from Overweight at Morgan Stanley. Shares closed at $8.11. The 52-week range is $6.90 to $15.38. The consensus target price is $15.82.
Tempur Sealy International Inc. (NYSE: TPX) was downgraded to Neutral from Buy at Guggenheim, while Wedbush Securities reiterated its Outperform rating and $65 price target.
TrueCar Inc. (NASDAQ: TRUE) was up almost 1.8% at $10.24 before missing earnings and revenue estimates, but it was last seen down 19.5% at $8.25 on Friday morning. RBC Capital Markets downgraded it to Sector Perform from Outperform, and B. Riley FBR shares to Neutral From Buy. The 52-week trading range is $8.03 to $14.55.
Tsakos Energy Navigation Ltd. (NYSE: TNP) was downgraded to Equal Weight from Overweight at Morgan Stanley. The stock closed at $3.46 a share, in a 52-week range of $2.56 to $3.99. Its consensus target price is $4.50.
Workday Inc. (NASDAQ: WDAY) was raised to Outperform from Market Perform and the target price was raised to $225 from $160 (versus a $188.54 close) at Cowen. The shares have a 52-week range of $117.24 to $193.08 and a consensus target price of $163.86.
Warren Buffett and his portfolio managers made some interesting changes for the Berkshire Hathaway public equity holdings. Here are the top Warren Buffett stocks for 2019.
Thursday’s top analyst calls included CenturyLink, Chimera, Comerica, Dish Network, Exxon Mobil, NetApp, Pulte, Petrobras, Teva Pharmaceutical, Yelp and many more.