Top Analyst Upgrades and Downgrades: AMD, Apple, Chipotle, Costco, Exxon, Netflix, Qualcomm, Ulta, US Bancorp and More
McDonald’s Corp. (NYSE: MCD) was reiterated as Overweight and the price target was raised to $220 from $210 at Morgan Stanley. Shares closed down one cent to $213.71, and the fast-food giant has a 52-week range of $153.13 to $214.90. The consensus target price is $220.69.
Netflix Inc. (NASDAQ: NFLX) was maintained as Strong Buy at Raymond James, but the target price was cut to $450 from $470. Wedbush Securities maintained its Underperform rating but did lift its price target to $188 from $183. Netflix was last seen down about 10.5% at $324.50 after missing its net subscriber adds with its earnings report. The 52-week range is $231.23 to $386.80. The consensus analyst target is $391.31.
Power Integrations Inc. (NASDAQ: POWI) was raised to Buy from Hold and the target price was raised to $90 from $74 at Stifel.
Qualcomm Inc. (NASDAQ: QCOM) was downgraded to Equal Weight from Overweight and the target price was lowered to $75 from $90 at Barclays. Shares closed at $75.76 but were indicated down 0.9% at $75.05 after the call. The 52-week range is $49.10 to $90.34, and the consensus target price is $88.53.
Trade Desk Inc. (NASDAQ: TTD) was downgraded to Hold from Buy but the target price was raised to $250 from $225 at Jefferies.
Ulta Beauty Inc. (NASDAQ: ULTA) was reiterated as Overweight and the target price was raised to $395 from $375 at Morgan Stanley.
U.S. Bancorp (NYSE: USB) was raised to Neutral from Underperform and the price objective was raised to $55 from $49 at Merrill Lynch. Argus reiterated its Buy rating after earnings, with the firm citing continued loan growth in the second quarter.
U.S. Concrete Inc. (NASDAQ: USCR) was downgraded to Hold from Buy and the target price was raised to $53 from $51 at Stifel.
Waste Management Inc. (NYSE: WM) was downgraded to Perform from Outperform at Oppenheimer.
Zymeworks Inc. (NYSE: ZYME) was started with a Buy rating and assigned a $34 target price at Deutsche Bank.
After a huge run, the semiconductor segment got hammered in the late spring. The SunTrust team remains cautious but has four top picks that still make sense for investors who are seeking aggressive growth rather than stable income.
Zacks has named Boot Barn Holdings Inc. (NYSE: BOOT) as its Bull of the Day, saying that with double-digit same-store sales growth this western retailer is operating on all cylinders. The Bear of the Day is Greenbrier Companies Inc. (NYSE: GBX). Zacks noted that this railcar maker is at a two-year low after disappointing fourth-quarter guidance.
Wednesday’s top analyst calls included Apple, Canopy Growth, Cheniere Energy, CSX, Johnson & Johnson, Motorola Solutions, Slack, Tilray, VMware and many more.