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Top Analyst Upgrades and Downgrades: AMD, Apple, Canopy Growth, Dell, Flex, FuelCell, IBM, MongoDB, Shopify, Tilray, Whiting and More

Jon C. Ogg

FuelCell Energy Inc. (NASDAQ: FCEL) was downgraded to Market Perform from Outperform at Cowen. Shares closed down 33% at $0.78. The 52-week range is $0.70 to $22.44, and the consensus target price is $17.10.

Hewlett Packard Enterprise Co. (NYSE: HPE) was started as Underperform with a $14 target (versus a $14.09 close) at Evercore ISI.

HP Inc. (NYSE: HPQ) was started as Outperform with a $23 target price at Evercore ISI.

International Business Machines Corp. (NYSE: IBM) was started as Outperform and the price target was set at $150 at Evercore ISI. Shares closed down 0.9% at $131.49. The 52-week range is $105.94 to $154.36, and the consensus target price is $147.06.

Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) was downgraded to Neutral from Buy on valuations at Goldman Sachs, but the price target was raised to $24 from $22 (versus a $22.60 close).

MongoDB Inc. (NASDAQ: MDB) was reiterated as Overweight and the target price was raised to $165 from $150 at KeyBanc Capital Markets.

NetApp Inc. (NASDAQ: NTAP) was started as In-Line at Evercore ISI.

NVR Inc. (NYSE: NVR) was started at In-Line at Evercore ISI.

Phillips 66 Partners L.P. (NYSE: PSXP) was started as Buy and assigned a $56 target price (versus a $48.42 close) at Mizuho.

Shopify Inc. (NYSE: SHOP) was reiterated as Overweight and the target price raised to $300 from $275 at KeyBanc Capital Markets. Its consensus target price was last seen down at $251.81 ahead of this call.

Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Neutral from Buy at Goldman Sachs. Shares closed up 2.2% at $50.43. The 52-week range is $34.36 to $65.35, and the consensus target price is $69.19.

Tilray Inc. (NASDAQ: TLRY) was started with a Hold rating at Stifel. Shares closed down 2.5% at $35.59. The 52-week range is $20.10 to $300.00, and the consensus target price is $98.00.

Travelers Companies Inc. (NYSE: TRV) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods.

United Continental Holdings Inc. (NYSE: UAL) was raised to Buy from Neutral and the target price was raised to $108 at Goldman Sachs. Shares closed up 1.7% at $81.85. The 52-week range is $67.94 to $97.85, and the consensus target price is $104.06.

Valero Energy Corp. (NYSE: VLO) was raised to Buy from Neutral but the price target was lowered to $92 from $96 at Goldman Sachs.

Whirlpool Corp. (NYSE: WHR) was raised to Overweight from Sector Weight with a $150 price target at KeyBanc Capital Markets.

Whiting Petroleum Corp. (NYSE: WLL) was started as Buy and assigned a $25 price target at MKM Partners. Shares closed down 8.6% at $17.57. The 52-week range is $17.27 to $56.47, and the consensus target price is $36.34.

Wednesday’s top analyst calls included AIG, Aqua America, CenterPoint Energy, Ferrari, GameStop, Medtronic, Roku, Salesforce.com and Uber Technologies and many more.