Top Analyst Upgrades and Downgrades: Arista, BHP, Crocs, Digital Realty, HCA, Kimberly-Clark, Lyft, Qualcomm, Roku and More

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Lyft Inc. (NASDAQ: LYFT) was the big analyst call of the day with a slew of Wall Street initiating coverage now that its quiet period has ended.

  • Stifel started Lyft as Buy with a $68 price target.
  • JPMorgan started it as Overweight with an $82 price target.
  • Piper Jaffray started it as Overweight with a $78 price target.
  • UBS started it with a Buy rating and an $82 target.
  • Canaccord Genuity issued a new Buy rating with a $75 target price.
  • Credit Suisse started it as Outperform with a $95 price target.
  • Cowen started it as Outperform with a $77 target price.
  • KeyBanc Capital Markets started it at Sector Weight with a $67 target.

Lyft had closed up 4.4% at $60.94 ahead of the calls, and Tuesday’s indications had the shares up 2.3% at $62.35. The post-IPO trading range has been $55.56 to $88.60.

MercadoLibre Inc. (NASDAQ: MELI) was downgraded to Neutral from Overweight with a $492 target price at JPMorgan. Shares closed at $490.77, in a 52-week range of $257.52 to $527.09 and with a consensus target price of $463.00.

Public Service Enterprise Group Inc. (NYSE: PEG) was downgraded to Neutral from Overweight at JPMorgan.

Qualcomm Inc. (NASDAQ: QCOM) was raised to Overweight from Equal Weight and the price target was raised to $95 from $55 at Morgan Stanley after a massive recovery was seen with the Apple settlement announced in the past week. Shares closed at $81.97, in a 52-week range of $48.56 to $82.52 and with a consensus target price of $68.48.

Roku Inc. (NASDAQ: ROKU) was started as Positive with an $80 price target at Susquehanna, with the call that its design was built for low-cost TV hardware while its competitors are more wired for smartphones and tablets, which should help its long-term profits along with its unbiased content platform. Shares closed at $58.20, in a 52-week range of $26.30 to $77.57 and with a consensus analyst target of $67.45.

Sanderson Farms Inc. (NASDAQ: SAFM) was raised to Neutral from Sell at Goldman Sachs.

Visteon Corp. (NYSE: VC) was raised to Outperform from Neutral and the target price was raised to $108 from $87 at Robert W. Baird.

The government just issued a serious earnings warning to all Americans on its forecasts for when Social Security gets inverted and then goes bust.

SunTrust Robinson Humphrey has three semiconductor stocks it likes heading into earnings, despite a massive run-up seen in the key stocks and sector ETFs so far in 2019.

Trade War Hero/Victim: Yum! Brands vs. Yum China.

The top six ETFs targeting themes of artificial intelligence, robotics and automation all seem to have drastically different strategies and holdings (and fee structures) after you break them down to the bones.

S&P Global sees U.S. gross domestic product rising by 2.0% in the first quarter of 2019 on a quarterly annualized basis. That is down from the 2.2% growth in the fourth quarter of 2018, but it is up handily from prior expectations. On a comparative year-over-year basis, U.S. GDP would then downtick slightly to 2.9% in the first quarter of 2019 from the 3.0% recorded in the fourth quarter of 2018.

Monday’s top analyst calls included Amazon.com, Dover, Facebook, Lam Research, Newmont Mining, Occidental Petroleum, Six Flags, Tesla, 3D Systems and many more companies.

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