Top Analyst Upgrades and Downgrades: Adobe, Amazon, AT&T, BWX Technologies, Lam Research, Oracle, Schlumberger, Ulta Beauty and More
Global Net Lease Inc. (NYSE: GNL) was raised to Buy from Neutral at B. Riley FBR, but the firm lowered the price target to $24 from $25. The consensus target is $25, and the stock ended Thursday at $18.34. Shares were up over 1% in premarket trading on Friday.
Keane Group Inc. (NYSE: FRAC) was raised to Buy from Hold at Jefferies with a $12 price target. The consensus target is set at $13.88. The shares closed most recently at $10.00.
Lam Research Inc. (NASDAQ: LRCX) saw its price target raised to $215 at Citigroup, with the analyst citing positive channel checks for the quarter. That compares with a consensus target of $192.58. The 52-week trading range for the semiconductor capital equipment giant is $122.64 to $227.82, and the stock closed Thursday $176.53, up almost 4% on the day.
Newell Brands Inc. (NYSE: NWL) saw its target price raised to $22 and it was reiterated at Outperform at Wells Fargo. The analyst feels the possible departure of the chief executive officer is a positive. The consensus target is posted at $19.20. The shares ended trading on Thursday at $19.20.
Oracle Corp. (NASDAQ: ORCL) was downgraded to Market Perform from Outperform at BMO Capital Markets, with the price target set at $53. That compares to a consensus target of $52.10. The stock closed Thursday at $53.05, but shares were down almost 4% on so-so forward guidance following earnings.
Rent-A-Center Inc. (NASDAQ: RIII) was raised to Outperform from Market Perform at Raymond James. The consensus price target is $17.42. The stock ended Thursday at $21.30.
RumbleOn Inc. (NASDAQ: RMBL) was started with a Buy rating and a $9 price objective at B. Riley FBR. The consensus target is $10.67, and the stock ended Thursday at $5.38.
Schlumberger Ltd. (NYSE: SLB) was downgraded to Hold from Buy at Jefferies and the price target was lowered to $45. The consensus target price is $53.86, and the stock closed Thursday at $43.09.
Turtle Beach Corp. (NASDAQ: HEAR) saw its target price lowered to $26 from $28 at Maxim Group. While first-quarter earnings guidance was solid, the analysts cite the Roccat acquisition for the target cut. The consensus price target is $29.60. The shares were last seen trading at $16.25 on Thursday.
Ulta Beauty Inc. (NASDAQ: ULTA) saw its target price raised to $375 from $360 at Telsey Advisory Group. The consensus target is $329.10. Fourth-quarter results show an encouraging acceleration in the business at a time when other retailers have experienced traffic headwinds. The stock closed Thursday at $312.51 but was up over 5% in premarket trading.
Thursdays top analysts calls included Apple, Atlassian, Hilton, Microsoft, MongoDB, Salesforce.com, Snap, Visa and many more.