Investing

Top Analyst Upgrades and Downgrades: American Tower, Applied Materials, Exelon, Hubspot, Schlumberger, Shopify, Splunk, Zendesk and More

Jon C. Ogg

Noble Midstream Partners L.P. (NYSE: NBLX) was downgraded to Neutral from Overweight and the price target was lowered to $41 from $48 at JPMorgan.

QEP Resources Inc. (NYSE: QEP) was downgraded to Underweight from Neutral and the target price was lowered to $9 from $11 (versus a $6.68 close) at JPMorgan.

SBA Communications Corp. (NASDAQ: SBAC) was downgraded to Neutral from Buy but the price target was raised to $240 from $209 at UBS. Shares closed up 0.3% at $221.48, in a 52-week range of $146.13 to $222.29. The consensus target price is $204.06.

Schlumberger Ltd. (NYSE: SLB) was raised to Buy from Hold with a $50 target price at Stifel. Shares closed up 0.3% at $35.05, in a 52-week range of $34.46 to $70.47. The consensus target price is $53.56.

Shopify Inc. (NYSE: SHOP) was started with a Neutral rating at Goldman Sachs. Shares closed up 1.6% at $297.06, in a 52-week range of $117.64 to $299.11. The consensus target price is $251.81.

Splunk Inc. (NASDAQ: SPLK) was started as Neutral at Goldman Sachs. Shares closed down 1.3% at $109.50, in a 52-week range of $83.69 to $143.70. The consensus target price is $151.66.

Tableau Software Inc. (NYSE: DATA) was started with a Buy rating and assigned a $146 target price (versus a $117.10 close) at Goldman Sachs.

Talend S.A. (NASDAQ: TLND) was started with a Sell rating and assigned a $39 target price (versus a $42.73 close) at Goldman Sachs.

Waitr Holdings Inc. (NASDAQ: WTRH) was started with a Buy rating at Deutsche Bank.

Zendesk Inc. (NYSE: ZEN) was started with a Buy rating and assigned a $105 target price at Goldman Sachs.

There were many stocks moving with double-digit percentage changes after earnings and other news.

Oil was trading up on Friday after nearly challenging $50 earlier in the week. With the Saudi and Russian energy ministers meeting, and with an upcoming OPEC meeting in which production cuts are expected to be extended or increased, here is what may come. Gold also was still ready to challenge that $1,335 per ounce resistance level.

While the rally this week has been stellar, the reality is the stock market is overbought and expensive. We looked at the Merrill Lynch research database and found five somewhat out-of-favor dividend stocks that are a steal now.

Five cancer and oncology stocks could still be double-your-money picks after the annual ASCO presentations, according to one firm.

Thursday’s top analyst calls were in AMD, Apple, Canopy Growth, Dell Technologies, Flex, FuelCell, IBM, MongoDB, Shopify, Tilray and Whiting Petroleum and many more.