Investing

Top Analyst Upgrades and Downgrades: Alkermes, Alphabet, Apple, Conoco, FireEye, Lyft, McDonald's, RBS, Seagate, Shopify and More

Hudson Ltd. (NYSE: HUD) was raised to Outperform from Neutral at Credit Suisse, with the firm noting that its core duty paid remains healthy and that expectations are now lower.

Lumber Liquidators Holdings Inc. (NYSE: LL) was raised to Outperform from Market Perform at Raymond James.

Lyft Inc. (NASDAQ: LYFT) was started with a Buy rating at a firm called Tigress Financial. After closing down 1.3% at $59.80, the stock was indicated up 0.8% at $60.25 in early indications on Wednesday.

McDonald’s Corp. (NYSE: MCD) was downgraded to Neutral from Buy at Longbow Research. Merrill Lynch reiterated McDonald’s as Buy and raised the price objective to $215 from $200. The stock closed up 0.2% at $197.57 after earnings on Tuesday and was indicated down 0.6% at $196.25 on Wednesday.

Nu Skin Enterprises Inc. (NYSE: NUS) was raised to Buy from Hold at Deutsche Bank.

Oshkosh Corp. (NYSE: OSK) was downgraded to Neutral from Overweight at JPMorgan. Shares closed up 2.5% at $82.59 ahead of this call, and the consensus target price was $83.00.

Republic Services Inc. (NYSE: RSG) was started as Sector Perform at RBC Capital Markets.

Royal Bank of Scotland Group PLC (NYSE: RBS) was downgraded to Underperform from Outperform at Keefe Bruyette & Woods. Its American depositary shares closed up 0.5% at $6.39 on Tuesday and were indicated down 0.3% at $6.37 on Wednesday, in a 52-week range of $4.98 to $8.14.

Sabre Corp. (NASDAQ: SABR) was raised to Buy from Neutral at Merrill Lynch, while William Blair downgraded it to Market Perform from Outperform. Shares closed down 9.2% at $20.76 ahead of the call, but they were indicated up 1.6% at $21.10 afterward.

SBA Communications Corp. (NASDAQ: SBAC) was downgraded to Market Perform from Outperform at Raymond James.

Seagate Technology PLC (NASDAQ: STX) closed up 7.5% at $48.32 on Tuesday’s post-earnings reaction, with a consensus target price of $45.16 and a 52-week trading range of $35.38 to $60.01. Benchmark raised it to Buy from Hold.

Shopify Inc. (NYSE: SHOP) was up almost 8% at $243.53 in Tuesday’s post-earnings reaction. Wedbush reiterated it as Outperform with a $270 target price, noting that the online merchant services provider is firing on all cylinders and that there are large opportunities ahead for Shopify Plus and for international expansion.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) was raised to Outperform from Market Perform with a $113 price target (versus a $96.83 close) at Cowen.

Waste Management Inc. (NYSE: WM) was started as Sector Perform at RBC Capital Markets.

Jefferies sees four top U.S. growth stocks as solid buys, which also happen to be some of the better-known technology leaders.

Merrill Lynch sees three deeply entrenched global growth stocks offering more than double the normal upside seen for most S&P 500 analyst Buy ratings.

Investors may want to expect that Warren Buffett might buy more banking stocks rather than doing large share buybacks at all-time market highs.

Tuesday’s top analyst calls included Alphabet, Bank of America, Chipotle Mexican Grill, Cognex, Disney, Dollar General, SAP, Southwest Airlines, Western Digital, Yum China and many more.


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