Top Analyst Upgrades and Downgrades: Amex, Chipotle, CyberArk, Facebook, Lululemon, Microsoft, Nokia, Sirius, Tesla, Wynn and More
Navient Corp. (NASDAQ: NAVI) was raised to Overweight from Neutral with a $14.50 price target (versus a $12.96 close) at JPMorgan.
Nokia Corp. (NYSE: NOK) American depositary shares were last seen trading down 8% at $5.32 after earnings were reported. UBS has a flash note indicating that its results were already expected to be weak, but not this weak.
PNM Resources Inc. (NYSE: PNM) was raised to Neutral from Underperform at Merrill Lynch.
Replimune Group Inc. (NASDAQ: REPL) was started with an Outperform and assigned a $24 price target (versus a $14.46 close) at Wedbush, and the firm also added it to its Best Ideas List. Wedbush sees its intratumorally delivered oncolytic virus platform to further extend utility into less immunogenic cancers, with a high likelihood of success for lead asset RP1 and a potentially rapid path to approval in cutaneous squamous cell carcinoma.
Sirius XM Holdings Inc. (NASDAQ: SIRI) was down 7.1% at $5.71 after earnings on Wednesday. It was indicated up 1% at $5.77 after Pivotal Research raised it to Buy from Hold. Sirius had a consensus target price of $6.88. There are three rightful concerns investors have here which are not historical events but may be secular issues rather than short-term.
Teradyne Corp. (NYSE: TER) was raised to Outperform from Neutral with a $55 price target (versus a $47.98 close) at Robert W. Baird.
Tesla Inc. (NASDAQ: TSLA) was last seen down about 1% at $256.00 after earnings were deemed soft. Wedbush downgraded Tesla to Neutral from Outperform and lowered the price target to $275 from $365, reversing a long-term bullish position that was in place.
Valmont Industries Inc. (NYSE: VMI) was raised to Buy from Hold with a $153 price target (versus a $132.84 close) at Stifel.
Waste Connections Inc. (NYSE: WCN) was raised to Buy from Hold with a $105 price target (versus an $89.25 close) at Stifel.
Wynn Resorts Ltd. (NASDAQ: WYNN) was raised to Buy from Neutral with a $165 price objective (versus a $147.38 close) at Merrill Lynch.
Xilinx Inc. (NASDAQ: XLNX) was up almost 2% at $139.72 ahead of earnings, but the shares fell over 10% and were indicated down at $125.50 afterward. Goldman Sachs downgraded the stock to Neutral from Buy with a $122 price target.
Merrill Lynch has a favorable view on the mega-cap energy stocks with oil ticking back up toward $70 per barrel.
Here are six more oil companies that could find themselves as takeover bait now that Chevron and Occidental are fighting over the Anadarko Permian Basin assets.
The top biotech stocks are signaling a sector that is in trouble, or it may now just be a solid bargain after parsing out the data via ETF exposure in biotech.
Wednesday’s top analyst upgrades and downgrades included Apple, Best Buy, Eli Lilly, Hilton, Hyatt, Kraft Heinz, Procter & Gamble, Snap and many more.