Top Analyst Upgrades and Downgrades: Alector, Bed Bath & Beyond, Dillard’s, Foot Locker, Hasbro, Kraft Heinz, Vale, Xilinx, Zoetis and More

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Immunomedics Inc. (NASDAQ: IMMU) was up 5% at $16.55 on Friday and indicated up another 2% on Monday after H.C. Wainwright started coverage with a Buy rating and assigned a $28 price target. The 52-week range is $11.55 to $27.33.

Kraft Heinz Co. (NASDAQ: KHC) was raised to Equal Weight from Underweight at Morgan Stanley. Shares closed at $32.40, in a 52-week range of $31.82 to $67.95. The consensus price target is $38.88.

Nightstar Therapeutics PLC (NASDAQ: NITE) is being acquired by Biogen. Cantor Fitzgerald downgraded it to Neutral from Overweight after the deal news.

Okta Inc. (NASDAQ: OKTA) was downgraded to Hold from Buy at SunTrust Robinson Humphrey. Shares closed at $86.43, in a 52-week range of $37.02 to $87.72. The stock has a consensus price target of $78.17.

ON Semiconductor Corp. (NASDAQ: ON) was raised to Outperform from Market Perform and the price target was raised to $30 from $20 (versus a $21.67 close) at BMO Capital Markets. Shares closed at $21.67, in a 52-week range of $14.55 to $27.10. The consensus analyst target is $23.93.

SunTrust Banks Inc. (NYSE: STI) was downgraded to Neutral from Buy but the price target was raised to $71 from $68 (versus a $66.28 close) at UBS. The shares closed at $66.28, in a 52-week range of $46.05 to $75.08. The consensus price target is $71.07.

Vale S.A. (NYSE: VALE) was downgraded to Sector Perform from Outperform at Scotia Capital. Shares closed at $12.39. The 52-week range is $10.89 to $16.13, and the consensus price target is $14.40.

Versum Materials Inc. (NYSE: VSM) was downgraded to Hold from Buy at Jefferies.

Worldpay Inc. (NYSE: WP) was downgraded to Neutral from Buy at Guggenheim. Shares closed at $97.72, in a 52-week range of $70.41 to $103.50 and with a consensus price target of $108.86.

Xilinx Inc. (NASDAQ: XLNX) was downgraded to Market Perform from Outperform at BMO Capital Markets. After closing up 1% at $126.64, the shares were indicated down 0.7% at $125.70 in early indications on Monday.

Zoetis Inc. (NYSE: ZTS) was raised to Buy from Hold at Stifel. After closing up 1.6% at $95.75 on Friday, the stock was indicated up another 1.2% at $96.90 on Monday.

Here are seven top tech stocks in which analysts keep raising their formal ratings or their price targets.

We have broken down the new big Buy ratings that Goldman Sachs had added to its list of favorite stocks for 2019. Several of their picks already hit their 12-month targets in less than a month and only one went the wrong way.

The Credit Suisse equity strategy team issued a note last week that the S&P 500 was running into resistance at 2,800/2,815, and a new note is reiterating that earnings recession fears are overdone and that the consensus estimates for 1% contraction in total first-quarter earnings, after typical earnings revisions and surprises, are likely to drive growth to 3%.

Friday’s top analyst calls included Acushnet, Delta Air Lines, Devon Energy, Edison International, Hertz, Royal Caribbean, Sociedad Quimica, Zscaler and many more.

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