Top Analyst Upgrades and Downgrades: Apple, Caterpillar, CenturyLink, Chesapeake Energy, Ciena, Corning, Dollar General, GreenSky, Hertz, Inogen, Lyft, Roku, 3D Systems and More
Hertz Global Holdings Inc. (NYSE: HTZ) was down 5.1% at $14.17 on Wednesday but was indicated up 3.6% at $14.69 on Thursday. Barclays raised it to Overweight from Equal Weight and the target price was set at $19.
Inogen Inc. (NASDAQ: INGN) closed down 23.3% at $42.32 on Wednesday after earnings. SVB Leerink downgraded it to Market Perform and cut the target to $47 from $78, and Stifel downgraded it to Hold from Buy and cut its target to $48 from $85.
Juniper Networks Inc. (NYSE: JNPR) was started as Equal Weight and assigned a $27 target price at Barclays.
Lyft Inc. (NASDAQ: LYFT) was trading up 2.7% at $60.29 ahead of earnings, but the stock rose 8% at $65.25 after earnings. Canaccord Genuity reiterated it as Buy and raised its target to $78 from $75. Atlantic Equities upgraded it to Neutral from Underweight, and Wedbush Securities raised its rating to Outperform from Neutral and raised its target to $75 from $67.
Match Group Inc. (NASDAQ: MTCH) was downgraded to Neutral from Buy but the target price was raised to $95 from $77 at UBS. Match shares closed up 24% at $91.77 after earnings on Wednesday, and its prior consensus target price was $79.59.
NetApp Inc. (NASDAQ: NTAP) was started as Equal Weight and assigned a $47 target price at Barclays.
Oasis Petroleum Inc. (NYSE: OAS) was downgraded to Outperform from Strong Buy and the target price was cut to 44.50 from $7.50 at Raymond James. This is a day after its shares closed down 30.8% at $2.65 and hit a new 52-week low of $2.41.
REV Group Inc. (NYSE: REVG) was downgraded to Sell from Neutral at Goldman Sachs, and the firm put its target price at $12.00. Shares closed down 0.8% at $13.04 on Wednesday, and it had a consensus target price of $12.61.
Roku Inc. (NASDAQ: ROKU) closed up 2.5% at $100.97 ahead of earnings, and the shares were indicated up 17% at $118.16 on Thursday after the earnings reaction. Stephens raised it to Overweight from Equal Weight and raised the target price to $120 from $84, and Rosenblatt Securities upgraded Roku to Buy from Neutral and raised its target to $134 from $77 in the call. RBC Capital Markets reiterated its Sector Perform rating but raised its target to $107 from $90 in its call.
Seagate Technology PLC (NASDAQ: STX) was started as Underweight and assigned a $37 target price at Barclays. The stock closed down 0.2% at $44.58 a share on Wednesday and was indicated to open flat on Thursday. It had a consensus target price of $47.13.
3D Systems Corp. (NYSE: DDD) was downgraded to Underweight from Neutral at JPMorgan. Shares were down 0.2% at $8.15 ahead of earnings, but the reaction was down 18% at $6.70 in early trading on Thursday. The consensus analyst target was $9.50 ahead of the report, and the 52-week trading range is $7.81 to $21.78.
Wabtec Corp. (NYSE: WAB) was raised to Buy from Neutral and the target price was raised to $89 from $84 at Goldman Sachs. It closed up almost 3% at $75.31 on Wednesday, but the shares were lower by 2.25 at $73.65 after General Electric priced a 20.5 million share offering at $72.50.
Western Digital Corp. (NASDAQ: WDC) was started as Equal Weight and assigned a $53 target price at Barclays.
Williams Companies Inc. (NYSE: WMB) was downgraded to Hold from Buy at Argus.
Zacks has named Sonic Automotive Inc. (NYSE: SAH) as its Bull of the Day, saying that this auto retailer’s shares are soaring thanks to growing profits and an expanding footprint. The Bear of the Day is Delphi Technologies PLC (NYSE: DLPH). Zacks noted that weaker-than-expected earnings and tariffs are weighing heavy on this stock.
The top analyst calls from Wednesday included Arconic, Boston Beer, Dunkin’ Brands, DuPont, GreenSky, International Flavors & Fragrances, Merck, Walt Disney and many more.