Top Analyst Upgrades and Downgrades: Alarm.com, Exxon, Goldman Sachs BDC, Merck, Pinterest, Shopify, Wendy’s, Zoom Video and More

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Merck & Co. Inc. (NYSE: MRK) was raised to Overweight from Neutral at Atlantic Equities. The call was based on valuation and with its new products being likely able to outpace coming patent expiration headwinds.

Pinterest Inc. (NYSE: PINS) was started with a Neutral rating at UBS and was started with an Equal Weight rating Barclays. Citigroup started it with a Buy rating. Shares were indicated down 4.4% at $27.76 on Monday as the quiet period ended.

Prudential Financial Inc. (NYSE: PRU) was downgraded to Neutral from Buy at UBS.

PTC Therapeutics Inc. (NASDAQ: PTCT) was raised to Buy from Neutral and the price objective was raised to $49 from $43 (versus a $40.86 close) at Merrill Lynch.

Restaurant Brands International Inc. (NYSE: QSR) was downgraded to Underperform from Neutral at Longbow Research. After closing up 0.4% at $67.27, it has a consensus target price last seen at $70.50.

Shopify Inc. (NYSE: SHOP) was downgraded to Neutral from Buy at Guggenheim in a valuation downgrade. Shares closed down 0.7% at $258.83 on Friday, with a consensus target price of $246.77 and a 52-week trading range of $117.64 to $266.72.

Sienna Biopharmaceuticals Inc. (NASDAQ: SNNA) was downgraded to Neutral from Overweight at JPMorgan.

Stemline Therapeutics Inc. (NASDAQ: STML) was downgraded to Neutral from Outperform with an $18 price target (versus a $16.10 close) at Wedbush Securities. The firm did note that Stemline’s Elzonris launch is still on track and that the downgrade was because the shares fully reflect that value already.

Taylor Morrison Home Corp. (NYSE: TMHC) was raised to Outperform from Neutral and the price target was raised to $24 from $22 (versus a $20.39 close) at Wedbush. The firm noted that the company’s proactive financing campaigns, its small exposure to California and two-thirds exposure to active adult and entry-level homes are all positive catalysts ahead.

Texas Roadhouse Inc. (NASDAQ: TXRH) was raised to Outperform from Neutral at Robert W. Baird, which also raised its target price to $65 from $61 (versus a $54.91 close).

Wingstop Inc. (NASDAQ: WING) was started with an Overweight rating and assigned an $88 target price (versus a $78.94 close) at Piper Jaffray.

Wendy’s Co. (NASDAQ: WEN) was started with an Overweight rating and assigned a $22 price target (versus an $18.85 close) at Piper Jaffray.

Zoom Video Communications Inc. (NASDAQ: ZM) closed up almost 6% at $79.63 on Friday, in a post-IPO range of $59.94 to $80.79. Piper Jaffray started it as Overweight with a $90 target price. Morgan Stanley started it as Equal Weight with a $75 target price. It was started with a Market Perform rating at Wells Fargo, a Sector Weight rating at KeyBanc, as Hold at Stifel and as Neutral at Goldman Sachs. JPMorgan started it with an Overweight rating.

The Jefferies Franchise List of top stocks to buy is loaded with companies that have little (if any) worries about the higher tariffs being placed on Chinese goods.

Friday’s top analyst upgrades and downgrades included 3D Systems, Allergan, Alcon, Booking, GoPro, IAC/Interactive, Lowe’s, Yelp and more.

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