Investing
Top Analyst Upgrades and Downgrades: American Express, Apple, Applied Materials, Best Buy, Crowdstrike, F5 Networks, NetApp, Verizon and More
July 8, 2019 8:45 am
Last Updated: January 30, 2020 6:55 pm
F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Sell from Neutral and the price target was lowered to $120 at Goldman Sachs. The consensus price target is a whopping $170.03. The stock ended trading last Friday at $147.66.
Fiverr International Ltd. (NYSE: FVRR) was another recent hot IPO, and Needham started it with a Buy rating and a $31 price objective. The analyst notes that the company is one of the leading freelance marketplaces, as it combines an attractive secular narrative around the gig economy labor mix shift. Shares closed on Friday at $27.25.
Huntington Bancshares Inc. (NASDAQ: BANC) was downgraded to Underperform from Market Perform with a $14 price target at BMO Capital Markets. That compares to the consensus target of $14.85. The stock closed Friday at $13.92.
Jagged Peak Energy Inc. (NYSE: JAG) was started with an Overweight rating at Nomura. The accompanying $11 price target compares with the consensus target of $12.82. The stock was last seen trading at $8.82.
Johnson Controls International PLC (NYSE: JCI) was upgraded to Neutral from Sell and the price target raised to $35 at JPMorgan. The consensus target is higher at $40.71. The shares closed Friday at $41.87 and traded higher in the premarket.
Lennox International Inc. (NYSE: LII) was downgraded to Underweight from Neutral with a $231 price objective at JPMorgan. The consensus target is $250.36. The shares ended Friday at $288.05.
NetApp Inc. (NASDAQ: NTAP) was downgraded to a Sell rating from Neutral at Citigroup, which also lowered its price target to $55. The consensus target is $71.25. The stock ended Friday at $62.41, but it was down over 4% in premarket trading.
Orion Group Holdings Inc. (NYSE: ORN) is raised to Buy from Neutral with a price target of $5 at B. Riley FBR. The consensus target is slightly higher at $5.55. The stock ended Friday at $3.10, but shares were up almost 5% in premarket action.
Replimune Group Inc. (NASDAQ: REPL) was started with a Buy rating and a $26 price target at H.C. Wainwright. That compares with a consensus target of $26.75. The stock was last seen trading at $13.68.
Verizon Communications Inc. (NYSE: VZ) was downgraded to Neutral from Buy with a $62 price target at Citigroup. The consensus price target is $59.72. The stock closed Friday at $58.31.
Zacks has named its Bull of the Day, Royal Gold Inc. (NASDAQ: RGLD), noting that gold is at six-year highs and this is one way to play the rally. Its Bear of the Day is Mosaic Co. (NYSE: MOS), which has faced a rough 2019 — as have most fertilizer makers — thanks in part to Mother Nature.
With the Independence Day holiday falling on Thursday, Wall Street was a ghost town on Friday, but in case you missed it, check out the top analysts calls from last Wednesday. They included Barrick Gold, CannTrust, Inogen, L3Harris, Merck, Petrobras, Starbucks, Symantec, Tesla, Foot Locker and more.
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