Top Analyst Upgrades and Downgrades: Alibaba, Baidu, Bristol-Myers, Cimarex, Deere, Deutsche Bank, Micron, NeoPhotonics, Target, United Continental and More
General Dynamics Corp. (NYSE: GD) was raised to Buy from Neutral with a $204 price target at Goldman Sachs.
Globant S.A. (NYSE: GLOB) was reiterated as Outperform and the price target was raised to $100 from $90 (versus an $84.04 prior close) at Wedbush Securities. The firm believes that the company’s management is successfully addressing its exposure to Argentina (largest risk to profitability) and that it has multiple positive catalysts and developments ahead.
Goodrich Petroleum Corp. (NYSE: GDP) was started with a Buy rating and assigned a $15.50 target price (versus a $12.40 close, after a 3.5% drop) at B. Riley FBR. The consensus target price is $19.45, and its 52-week trading range is $11.60 to $15.50.
Jack in the Box Inc. (NASDAQ: JACK) was raised to Buy from Hold and the target price was raised to $95 from $85 (versus an $82.17 close, after a 4.2% gain) at Stifel.
Micron Technology Inc. (NASDAQ: MU) was maintained as Buy but the price target was lowered to $45 from $48 at Deutsche Bank. Shares closed down 3% at $36.06 ahead of the call, in a 52-week range of $28.39 to $64.66 and with a consensus target price of $46.63.
NeoPhotonics Corp. (NASDAQ: NPTN) was down another 15% at $3.84 on Friday after the prior day’s post-Huawei exposure crushed the stock. B. Riley FBR raised the stock to Buy from Neutral but lowered the target price target to $5.50 from $7.25.
Plymouth Industrial REIT Inc. (NYSEAMERICAN: PLYM) was reiterated as Outperform and the price target was raised to $20 from $18 (versus a $17.18 close) at Wedbush. The increased price target comes after an equity offering, and the firm that the company will be able to leverage the issued capital into $115 million to $125 million of new properties over the next six months to nine months.
Prologis Inc. (NYSE: PLD) was downgraded to In Line from Outperform at Evercore ISI. Shares closed down 0.3% at $76.61 on Friday and were indicated down another 0.3% at $76.35 on Monday. The consensus target price was $78.19.
Target Corp. (NYSE: TGT) was raised to Equal Weight from Underweight with a $67 target price at Morgan Stanley. Shares closed flat at $70.89 ahead of the call, in a 52-week range of $60.15 to $90.39 and with a consensus target price of $86.60.
United Continental Holdings Inc. (NYSE: UAL) was raised to Overweight from Equal Weight and the target price was raised to $110 from $101 at Morgan Stanley. Shares closed down 1% at $81.50 ahead of the call. The 52-week range is $67.93 to $97.85, and the consensus target price is $104.06.
Zoom Video Communications Inc. (NASDAQ: ZM) was started with an Outperform rating at William Blair. Shares closed up 8% at $89.98 ahead of the call, in a 52-week range of $59.94 to $90.28. The consensus target price is $73.18.
Friday’s top analyst calls included Apple, Applied Materials, Camping World, CarMax, Ensco Rowan, Foot Locker, Under Armour, Wayfair, Walmart and many more companies.