Top Analyst Upgrades and Downgrades: AMD, Altria, Apple, BP, EA, Enphase, FireEye, Gilead, Mastercard, P&G, 2U and More
Gilead Sciences Inc. (NASDAQ: GILD) was reiterated as Strong Buy and the price target was raised to $86 from $83 at Raymond James.
IAA Inc. (NYSE: IAA) was started with a Buy rating and assigned a $55 price target at Jefferies.
Mastercard Inc. (NYSE: MA) was reiterated as Outperform and the target price was raised to $308 from $300 at Raymond James.
National Oilwell Varco Inc. (NYSE: NOV) was reiterated as Outperform and the target price was raised to $34 from $32 at Raymond James. Seaport Global raised its rating to Neutral from Sell. Citigroup raised its rating to Buy from Neutral and lifted its target to $28 from $23.
NeoGenomics Inc. (NASDAQ: NEO) was reiterated as Outperform and the target price was raised to $27 from $23 (versus a $23.90 prior close) at Raymond James.
Procter & Gamble Co. (NYSE: PG) was reiterated as Overweight and its target price was raised to $129 from $120 at Morgan Stanley.
Ryder System Inc. (NYSE: R) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.
Service Corp. International (NYSE: SCI) was reiterated as Outperform and the target price was raised to $54 from $50 at Raymond James.
T2 Biosystems Inc. (NASDAQ: TTOO) was last seen down almost 37% at $0.91 after earnings showed disappointing sales around the commercial ramp-up of its Sepsis test missing estimates. H.C. Wainwright downgraded the stock to Neutral from Buy, and Janney also downgraded it to Neutral from Buy.
2U Inc. (NASDAQ: TWOU) was up 5.5% at $36.50 on Tuesday ahead of earnings, but the stock was down about 34% at $23.85 after the report. Oppenheimer downgraded it to Perform from Outperform, and Macquarie downgraded it to Neutral from Outperform.
U.S. Bancorp (NYSE: USB) was raised to Neutral from Underweight and the target price was raised to $57 from $52 at JPMorgan.
Zacks has named Boston Beer Co. Inc. (NYSE: SAM) as its Bull of the Day, saying that this firm posted stronger-than-projected second-quarter earnings last week despite slowing beer sales. The Bear of the Day is iRobot Corp. (NASDAQ: IRBT). Zacks noted that shares are down significantly in 2019 and have plummeted roughly 19% since it reported second-quarter results.
See why bank stocks are replacing Treasuries, CDs, utilities and other bond-like issues for income-oriented investors.
Tuesday’s top analyst calls were in included Cisco Systems, Duke Energy, Goodyear, Illumina, Kinder Morgan, Micron Technology, Pfizer, Tencent Music and many more.