Lam Research Corp. (NASDAQ: LRCX) was downgraded to In-Line from Outperform at Evercore ISI.
ManpowerGroup Inc. (NYSE: MAN) was downgraded to Neutral from Outperform at Credit Suisse.
Marsh & McLennan Companies Inc. (NYSE: MMC) was downgraded to Market Perform from Outperform at Keefe Bruyette & Woods. The firm cited valuations as the price is basically at an all-time high and is now above the consensus target price.
MarketAxess Holdings Inc. (NASDAQ: MKTX) was downgraded to Underperform from Neutral with a $245 price target (versus a $333.99 prior close) at Buckingham Research. The stock was indicated down over 2% on Wednesday.
McDonald’s Corp. (NYSE: MCD) was started with an Outperform rating and assigned a $225 price target at Evercore ISI, with the firm noting an acceleration in fast food and a decline in casual dining. Shares closed up 1.0% at $203.26, in a 52-week range of $153.13 to $206.39 and with a consensus target price of $215.00.
Microsoft Corp. (NASDAQ: MSFT) was reiterated as Outperform with a $155 price target (versus a $132.10 close) at Wedbush. The firm believes that Microsoft remains in an enviable position heading into the rest of 2019 and 2020 due to the company’s cloud success and with the company firing on all cylinders around its Office 365 and Azure strategic vision. Microsoft hit a 52-week and all-time high of $134.24 on Tuesday, with a consensus target price of $143.16.
National Beverage Corp. (NASDAQ: FIZZ) was downgraded to Hold from Buy with a $50 target price at CFRA.
NXP Semiconductors N.V. (NASDAQ: NXPI) was raised to Overweight from Equal Weight and the target price was raised to $114 from $99 at Morgan Stanley.
ObsEva S.A. (NASDAQ: OBSV) was removed from the Best Ideas List at Wedbush. The firm noted that its removal was due to its investment price discipline, as its shares have fallen by more than 30% since being added to the list after a nearly 20% drop of late.
Restaurant Brands International Inc. (NYSE: QSR) was started with an Outperform rating at Evercore ISI.
Starbucks Corp. (NASDAQ: SBUX) was started with an In-Line rating and assigned an $82 price target at Evercore ISI. Shares closed up 0.5% at $82.37, in a 52-week range of $47.37 to $83.33 and with a consensus target price of $77.64.
Tableau Software Inc. (NYSE: DATA) is being acquired by Salesforce.com, so Citigroup downgraded it to Neutral from Buy, as the firm feels no other buyer will steal it and the story is now priced in. First Analysis also downgraded it to Neutral from Outperform.
Trade Desk Inc. (NASDAQ: TTD) was downgraded to Reduce from Neutral with a $144 price target at Nomura/Instinet. The shares were last seen trading handily above its consensus analyst target.
Yum! Brands Inc. (NYSE: YUM) was started with an Outperform rating at Evercore ISI, which noted the same acceleration in fast food and a decline in casual dining.
Zacks has released its Bull and Bear of the Day for Wednesday. The Bull of the Day was Hibbett Sports Inc. (NASDAQ: HIBB), as the sporting goods retailer is seeing strong estimate revision higher and comparable store sales growth. The Bear of the Day was Texas Roadhouse Inc. (NASDAQ: TXRH), as the firm noted that increasing labor costs have hit the restaurant stock hard and it may be difficult to rebound.
Tuesday’s top analyst calls included Agilent Technologies, Allergan, Beyond Meat, Canopy Growth, Dollar Tree, Facebook, Luckin Coffee, Lyft, Mylan, Symantec, Tilray, Wells Fargo and many more.