Investing

Top Analyst Upgrades and Downgrades: Acacia, Baidu, BioMarin, Boeing, BP, CSX, Deere, HCA, PepsiCo, Redfin, S&P, Trimble, Visa, Zillow and More

Jon C. Ogg

PepsiCo Inc. (NYSE: PEP) was reiterated as Buy and the price objective was raised to $142 from $135 at Merrill Lynch. Shares closed down 0.6% at $131.74. The 52-week range is $104.53 to $135.24, and the consensus target price is $127.84.

Pinduoduo Inc. (NASDAQ: PDD) was started as Underweight at JPMorgan. Shares closed up 2.2% at $20.48, in a 52-week range of $16.53 to $31.99 and with a consensus target price of $29.39.

Prologis Inc. (NYSE: PLD) was reiterated as Overweight and the target price was raised to $86 from $79 at KeyBanc Capital Markets.

RealPage Inc. (NASDAQ: RP) was started with an Outperform rating and assigned a $74 price target at Keefe Bruyette & Woods.

Redfin Corp. (NASDAQ: RDFN) was started as Buy and assigned a $23 price target at SunTrust Robinson Humphrey.

Southwestern Energy Co. (NYSE: SWN) was downgraded to Underperform from Neutral at Credit Suisse. Shares closed up 0.7% at $2.84, in a 52-week range of $2.77 to $6.23. The consensus target price is $4.38.

S&P Global Inc. (NYSE: SPGI) was started as Overweight and assigned a $260 target price at JPMorgan. Shares closed down 0.4% at $231.48, in a 52-week range of $156.68 to $238.99 and with a consensus target price of $233.43.

Trimble Inc. (NASDAQ: TRMB) was downgraded to Neutral from Overweight with a $46 target price at JPMorgan.

Wabtec Corp. (NYSE: WAB) was started as Neutral with an $80 target price at Citigroup.

Zillow Group Inc. (NASDAQ: Z) was started as Buy by SunTrust Robinson Humphrey. Shares closed up 2% at $49.83, in a 52-week range of $26.38 to $63.86. The consensus target price is $41.00.

Wells Fargo reiterated its Outperform ratings on Visa Inc. (NYSE: V) and Mastercard Inc. (NYSE: MA). The firm raised its target price on Visa to $200 from $180 (versus a $177.73 close), and Mastercard’s target was raised to $305 from $285 (versus a $273.34 close).

Environmental and social investing (or ESG) has a dirty little secret that will move more front and center as the exchange-traded funds and interest around such investing continue to grow.

Zacks has named Harmonic Inc. (NASDAQ: HLIT) as its Bull of the Day, as it is seeing estimates move higher, but the move today is due to a deal with a major customer. The Bear of the Day is Analog Devices Inc. (NASDAQ: ADI), which has seen overall weakness in its sector that has ultimately pushed estimates down.

Analysts just aren’t positive enough about the most recent hot IPO targeting online pet product sales.

Tuesday’s top analyst calls included Albermarle, Alcoa, Apple, Bank of America, Beyond Meat, Citigroup, 3M, Nike, Slack, Square, Wells Fargo and many more companies. Monday’s top analyst calls were in American Express, Apple, Applied Materials, Best Buy, CrowdStrike, F5 Networks, NetApp, Verizon and others.