Top Analyst Upgrades and Downgrades: AT&T, Caterpillar, Dollar General, EA, Etsy, Facebook, Spirit Airlines, Tesla, Xilinx and More
Navient Corp. (NASDAQ: NAVI) was reiterated as Overweight and the price target was raised to $17 from $14 at Barclays, Wedbush Securities and Credit Suisse each downgraded it to Neutral from Outperform.
RPC Inc. (NYSE: RES) was downgraded to Hold from Buy at Gabelli.
ServiceNow Inc. (NYSE: NOW) was reiterated as Overweight and the target price was raised to $320 from $270 at KeyBanc Capital Markets.
Spirit Airlines Inc. (NYSE: SAVE) was downgraded to Hold and the target price was lowered to $55 from $79 at Deutsche Bank. Evercore ISI downgraded it to In-Line from Outperform and cut the target to $58 from $75. Shares closed up 2.5% at $55.05. The 52-week range is $41.98 to $65.35. The consensus target price is $67.94.
Spotify Technology S.A. (NYSE: SPOT) was reiterated as Strong Buy and the price target was raised to $180 from $172 at Raymond James. Shares closed up 2.4% at $152.34, in a 52-week range of $103.29 to $198.99. The consensus target price is $167.96.
Teradyne Inc. (NYSE: TER) was downgraded to Hold from Buy but the price target was raised to $53 from $52 at Stifel.
Tesla Inc. (NASDAQ: TSLA) was slammed after earnings, and Barclays has an Underweight rating and maintained its $150 target price. Canaccord Genuity maintained its Buy rating on Tesla but lowered its target to $350 from $395. Nomura/Instinet reiterated its Neutral rating on Tesla but cut its target to $270 from $300. Shares closed up 1.8% at $264.88, in a 52-week range of $176.99 to $387.46. The consensus target price is $263.55.
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) was downgraded to Hold from Buy at Stifel.
Wix.com Ltd. (NASDAQ: WIX) was reiterated as Buy and the target price was raised to $172 from $132 at Deutsche Bank.
Xilinx Inc. (NASDAQ: XLNX) was reiterated as Overweight and the target price was raised to $140 from $130 at KeyBanc Capital Markets. Shares closed up 3.8% at $132.14, in a 52-week range of $68.76 to $141.60. The consensus target price is $127.66.
Zacks has named Sketchers USA Inc. (NYSE: SKX) as its Bull of the Day, saying that this footwear purveyor has big momentum after reporting record sales and a big earnings beat. The Bear of the Day is Sunrun Inc. (NASDAQ: RUN). Zacks noted that earnings estimates are falling fast at this provider of residential solar energy systems.
Wednesday’s top analyst calls included Akamai Technologies, Chipotle Mexican Grill, Hasbro, Kimberly-Clark, Rio Tinto, Sherwin-Williams, Snap, Texas Instruments, United Continental, United Technologies, Visa and many more.