Top Analyst Upgrades and Downgrades: AFL, Agilent, Allergan, Barrick Gold, Cognex, Hilton, Lloyds, MetLife, Slack, Wingstop and More
Lloyds Banking Group PLC (NYSE: LYG) was downgraded to Neutral from Overweight at JPMorgan in its overseas coverage.
MetLife Inc. (NYSE: MET) was downgraded to In-Line from Outperform at Evercore ISI. Shares closed down 0.27% at $50.78 ahead of the call and were indicated down 0.8% at $50.37 afterward. MetLife has a 52-week range of $37.76 to $50.94 and a consensus target price of $52.94.
OneMain Holdings Inc. (NYSE: OMF) was raised to Overweight from Neutral and the target price was raised to $41 from $37 at JPMorgan.
Qiagen N.V. (NYSE: QGEN) was downgraded to In Line from Outperform at Evercore ISI.
Royal Gold Inc. (NASDAQ: RGLD) was downgraded to Underweight from Equal Weight at Barclays, and Raymond James downgraded it to Market Perform from Outperform. Shares closed up 0.76% at $110.81, in a 52-week range of $70.16 to $111.16 and with a consensus target price of $97.04.
Slack Technologies Inc. (NYSE: WORK) was started as Neutral at Credit Suisse, while Morgan Stanley started it as Equal Weight and Goldman Sachs it as Neutral. KeyBanc Capital Markets started Slack with an Overweight rating and $44 price target. Shares closed up 3% at $34.75 after a slew of analysts initiated coverage the prior day. The post-IPO trading range is $33.37 to $42.00.
Sonoco Products Co. (NYSE: SON) was downgraded to Underperform from Market Perform at BMO Capital Markets.
Thermo Fisher Scientific Inc. (NYSE: TMO) was downgraded to Buy from Strong Buy at Needham.
Wheaton Precious Metals Corp. (NYSE: WPM) was raised to Overweight from Equal Weight at Barclays.
Wingstop Inc. (NASDAQ: WING) was downgraded to Neutral from Outperform but the target price was raised to $82 from $83 at Wedbush, which believes that its current valuation largely incorporates investor expectations for sustained same-store sales growth momentum above consensus expectations.
Trade with China remains the top issue across Wall Street, and the nod to Huawei from Washington D.C. could be a huge plus for three top semiconductor companies.
Zacks has named United Airlines Holdings Inc. (NASDAQ: UAL) as its Bull of the Day, noting that earnings after the bell could provide liftoff. The Bear of the Day is Peabody Energy Corp. (NYSE: BTU). Zacks noted that not all the coal stocks are burning out, but nobody likes 40% EPS contraction.
Monday’s top analyst calls included Agilent Technologies, Amazon.com, American Water Works, Crocs, Deere, General Electric, Gilead Sciences, Slack, Teva Pharmaceutical and many more.