Investing

Top Analyst Upgrades and Downgrades: American Eagle, Atlassian, Match, NextEra, Nordstom, Office Depot, Roku, Stamps.com, Tanger and More

Ralph Lauren Corp. (NYSE: RL) was raised to Outperform from Sector Perform and the target price was raised to $145 from $135 (versus a $124.39 close) at RBC Capital Markets. The consensus target price is $138.93, and the 52-week trading range is $95.63 to $147.79.

Regional Management Corp. (NYSE: RM) was raised to Buy from Neutral with a $36 price target (fair value estimate) at Janney. The stock previously closed at $25.54, and Janney sees it at a 61% discount to its closest peer but noted a somewhat weak quarter as management culled credit risk ahead of the next credit cycle.

Roku Inc. (NASDAQ: ROKU) was last seen trading up 9% at $71.00 after earnings showed strong revenue growth. Wedbush maintained its Neutral rating with a $65 price target (versus a $64.92 close), and the firm noted that there are still growth opportunities but they are fully priced into the stock at these levels as R&D spending may remain elevated for several years to compete with Amazon and Google for TV licensing and as it spends handsomely to expand internationally.

Seaspan Corp. (NYSE: SSW) was downgraded to Hold from Buy at Jefferies. Its shares closed up 2.3% at $10.02 on Wednesday, and it has a consensus target price of $9.06.

Stifel Financial Corp. (NYSE: SF) was raised to Buy from Neutral with a $70 price target (versus a $58.70 close) at Goldman Sachs. The 52-week range is $38.39 to $61.63, and the consensus target price is $62.00.

Stamps.com Inc. (NASDAQ: STMP) already had seen its shares gutted earlier in the year after its USPS arrangement ended. Now it has lowered its guidance again, and after closing at $83.39, its shares were indicated down almost 50% at $43.50. B. Riley downgraded the stock to Neutral from Buy and slashed its price target to $45 from $130.

Tanger Factory Outlet Centers Inc. (NYSE: SKT) was downgraded to Sell from an already cautious Neutral rating and the target price was lowered to $15 from $19 (versus an $18.61 close) at Goldman Sachs. Shares were last seen indicated down 3% at $18.05, in a 52-week range of $17.93 to $24.91. The consensus target price is $20.79.

United Therapeutics Corp. (NASDAQ: UTHR) was raised to Neutral from Underperform at Credit Suisse after a 3.8% drop to $95.71 on Wednesday. The 52-week range is $95.60 to $130.00, and the consensus target price was $130.

Zayo Group Holdings Inc. (NYSE: ZAYO) was downgraded to Sector Perform from Outperform at RBC Capital Markets. It closed up 7.7% at $33.00 a share on Wednesday, in a 52-week range of $20.27 to $39.66 and with a prior consensus target price of $34.60.

With summer right around the corner, the big U.S. retailers may be poised for big profits, and Merrill Lynch has five of the best rated Buy.

A tweet from President Trump sent an electric-battery truck company’s stock up over 200% on Wednesday, and the tiny company’s shares were even trading up again in early indications on Thursday.

Wednesday’s top analyst calls included Chipotle Mexican Grill, Hasbro, Inogen, Lending Club, Mosaic, Mylan, Pinterest, U.S. Steel and Walt Disney. Tuesday’s top analyst calls were in Alibaba, Anadarko Petroleum, Beyond Meat, Boeing, Ctrip.com, GW Pharmaceuticals, Roku, Texas Instruments, Veeco Instruments and many more.

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