Investing

Top Analyst Upgrades and Downgrades: Array Bio, Bank of America, Oracle, Pinterest, RingCentral, Snap, SunPower, Twilio, Xilinx and More

Snap Inc. (NYSE: SNAP) was down 3% at $13.55 on Monday but was indicated up over 3% at $14.00 on Tuesday morning after BTIG raised its target to $20 from $15 in the call, noting the belief that Snap’s user growth and revenue/EBITDA expectations by analysts are too low while many investors also continue to ignore that Snap’s recovery due to its credibility issues from the first two years of being public. Snap shares are up close to 150% so far in 2019, and the consensus analyst target price is $11.56.

SolarEdge Technologies, Inc. (NASDAQ: SEDG) was raised to Neutral from Sell at Goldman Sachs.

SunPower Corporation (NASDAQ: SPWR) was raised to Buy from Neutral with a $11 price target (versus $8.28 prior close) at Goldman Sachs. SunPower was indicated up 6% at $8.78 on the news, versus a 52-week range of $4.55 to $8.61 and versus a consensus analyst target price of $6.76.

SunRun Inc. (NASDAQ: RUN) was raised to Buy from Neutral with a $20 price target (versus $17.09 prior close) at Goldman Sachs. SunRun was indicated up 4% at $17.85 and the consensus analyst target price was already $20.05.

Telephone and Data Systems, Inc. (NYSE: TDS) was raised to Overweight from Equal Weight at Morgan Stanley. TDS closed down 0.3% at $29.22 on Monday, and it has a consensus analyst target price of $37.40 and a 52-week range of $24.00 to $37.29.

Twilio Inc. (NYSE: TWLO) was started as Buy and was assigned a $165 target price (versus $140.71 prior close) at Needham & Co. Twilio was indicated up over 2% at $144.00 and has a consensus analyst target price of $146.59 and a 52-week range of $53.17 to $148.80.

United States Cellular Corporation (NYSE: USM) was raised to Overweight from Equal Weight at Morgan Stanley. It closed up 1% at $44.18 ahead of the call and has a $52.60 consensus analyst target price. US Celluar also has a 52-week range of $32.33 to $59.74 and a $3.8 billion market cap.

Xilinx, Inc. (NASDAQ: XLNX) was maintained as Overweight at KeyBanc Capital Markets, but the price target was cut to $130 from $145 in the call. Xilinx closed down almost 1% at $104.53 ahead of the call, with a 52-week range of $64.15 to $141.60.

Merrill Lynch has 5 defensive stocks it has with Buy ratings and high dividends for investors worried about the summer doldrums.

Raymond James issued a cautious homebuilder note:

  • KB Home (NYSE: KBH) was downgraded to Underperform from Market Perform.
  • Lennar Corporation (NYSE: LEN) was downgraded to Market Perform from Outperform .

Monday’s top analyst calls were in shares of DBV Tech, Keurig Dr. Pepper, Deere, Dow, GNC, Kinder Morgan, Mosaic, Symantec, Walt Disney and many more.

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