Lululemon Athletica Inc. (NASDAQ: LULU) was downgraded to Neutral from Buy with a $157 price target (versus a $151.09 close) at Nomura/Instinet. It had a consensus target price of $162.24.
McDonald’s Corp. (NYSE: MCD) was raised to Overweight from Equal Weight and the price target was raised to $200 from $180 (versus a $151.09 close) at Stephens.
Norfolk Southern Corp. (NYSE: NSC) was downgraded to Underperform from Sector Perform at RBC Capital Markets.
Papa John’s International Inc. (NASDAQ: PZZA) was downgraded to Sell from Hold and the price target was lowered to $35 from $38 (versus a $45.26 close, after a 4% gain) at Stifel. The consensus target price was $52.40.
Southern Copper Corp. (NYSE: SCCO) was raised to Buy from Sell at Citigroup. Shares closed up 3.3% at $32.50 ahead of this call, with a prior consensus target price of $35.07 and a 52-week range of $29.01 to $58.09.
Taubman Centers Inc. (NYSE: TCO) was raised to In-Line from Underperform at Evercore ISI. It has a 52-week range of $43.44 to $65.50 and a consensus price target of $56.08.
T-Mobile US Inc. (NASDAQ: TMUS) was reiterated as Buy with a $78 target price (versus a $72.05 close) at Argus. It has a 52-week range of $55.09 to $72.07 and a consensus price target of $81.10.
Ulta Beauty Inc. (NASDAQ: ULTA) was downgraded to Neutral from Buy with a $311 price target (versus a $306.36 close) at Nomura/Instinet.
Weight Watchers International Inc. (NYSE: WTW) was downgraded to Underweight from Neutral and the target price was lowered to $25 from $37 (versus a $30.28 close) at JPMorgan. The stock was indicated down almost 6% at $28.50 on Tuesday, and the prior consensus target price was $72.18.
Windstream Holdings Inc. (NASDAQ: WIN) was downgraded to Market Perform from Outperform at Raymond James and to Market Perform from Outperform at Cowen. Its shares were indicated down about 60% after delaying its earnings release and losing in its legal case with hedge fund Aurelius.
XPO Logistics Inc. (NYSE: XPO) was downgraded to Equal Weight from Overweight and the target price was lowered to $71 from $116 (versus a $51.97 close, after a 12.7% drop) at Morgan Stanley. The 52-week range is $41.05 to $116.27.
JPMorgan initiated coverage of the auto dealers with a rather broad mix of coverage ratings on Tuesday:
- Lithia Motors Inc. (NYSE: LAD) was started as Overweight with a $112 price target and Group 1 Automotive Inc. (NYSE: GPO) was started as Overweight with a $77 price target.
- Sonic Automotive Inc. (NYSE: SAH) and AutoNation Inc. (NYSE: AN) were started as Underweight.
- Penske Automotive Group Inc. (NYSE: PAG) and Asbury Automotive Group Inc. (NYSE: ABG) were both started as Neutral.
Friday’s top analyst calls included Adobe Systems, AIG, CareDx, Coca-Cola, General Dynamics, Harvard Bioscience, LogMeIn, TrueCar, WorkDay and many more.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.