Top Analyst Upgrades and Downgrades: Amazon, Dover, Facebook, Lam Research, Newmont Mining, Occidental, Six Flags, Tesla, 3D Systems and More
Precision BioSciences Inc. (NASDAQ: DTIL) was started as Overweight with a $23 price target at JPMorgan. Goldman Sachs started it as Buy and with a $24 price target, and Barclays started it as Overweight with a $24 price target. Shares were indicated up 10% at $14.40, in a post-IPO trading range of $12.13 to $19.00. The 7.9 million share IPO priced at $16 late in March.
Rent-A-Center Inc. (NASDAQ: RCII) was raised to Strong Buy from Outperform and the price target was raised to $27 from $25 (versus a $21.37 close) at Raymond James. The stock was indicated up 3.4% at $22.10, and it has a consensus target price of $20.67.
Rogers Communications Inc. (NYSE: RCI) was downgraded to Sector Perform from Sector Outperform at Scotiabank.
Santander Consumer USA Holdings Inc. (NYSE: SC) was downgraded to Neutral from Overweight at Piper Jaffray.
Sensata Technologies Holding PLC (NYSE: ST) was downgraded to Neutral from Overweight at JPMorgan.
Six Flags Entertainment Corp. (NYSE: SIX) was started with a Hold rating at Jefferies. After closing at $50.65, the consensus target price is $58.30 and the 52-week trading range is $46.68 to $73.38.
Tesla Inc. (NASDAQ: TSLA) was downgraded to Underperform from In-Line at Evercore ISI Group. Shares closed up 0.75% at $273.26 ahead of this call and were indicated down 1.7% at $268.60 on Monday after a reported explosion of a parked car in Shanghai.
3D Systems Corp. (NYSE: DDD) was started with a Hold rating at Craig-Hallum. The stock closed down 1% at $10.89 ahead of the call, with a consensus target price is $12.67. The 52-week trading range is $9.00 to $21.78.
Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE) was started with a Buy rating and assigned an $18 price target (versus an $8.09 close) at Canaccord Genuity.
SunTrust Robinson Humphrey has three semiconductor stocks it likes heading into earnings, despite a massive run-up seen in the key semiconductor stocks and sector ETFs so far in 2019.
Wedbush has taken a cautious view of the cruise line industry ahead of earnings, with the firm noting that fuels costs, currency effects, Cuba and lawsuits may weigh on the companies. That said, Royal Caribbean Cruises Ltd. (NYSE: RCL) remains as the firm’s favorite cruise name on a relative basis, with the firm believing that Royal Caribbean avoids the biggest headwind of 2019 from European weakness, even if fuel costs and currency volatility represent a combined headwind that may be difficult to overcome.
Here are five stocks under $10 with massive upside potential if the analysts are right in their calls.
As the markets were closed for Good Friday, the top analyst calls seen last Thursday included American Electric Power, CVS Health, Ecolab, Entergy, Microsoft, Morgan Stanley, PepsiCo, Snap, Yelp and many more.