Top Analyst Upgrades and Downgrades: Baidu, BP, Ciena, Chevron, Cree, Exxon, Home Depot, Medtronic, Nvidia, Urban Outfitters and More

Marvell Technology Group Ltd. (NASDAQ: MRVL) was started with a Buy rating and assigned a $30 target price (versus a $24.93 close) at Benchmark.

Medtronic PLC (NYSE: MDT) was up 2.6% at $106.91 on Tuesday’s earnings reaction. UBS reiterated its Buy rating and raised the target price to $122 from $112. Barclays reiterated its Overweight rating on Medtronic and raised its price target to $117 from $110.

Nvidia Corp. (NASDAQ: NVDA) was started with a Buy rating and assigned a $210 target price (versus a $167.87 close) at Benchmark.

On Deck Capital Inc. (NYSE: ONDK) was raised to Equal Weight from Underweight and the price target was cut to $3.50 from $4.00 (versus $3.23 close, after a 2.7% drop) at Morgan Stanley.

Synlogic Inc. (NASDAQ: SYBX) closed down over 27% at $3.49 on Tuesday on a hyperammonemia treatment trial disappointment and was indicated down another 10% at $3.12 on Wednesday. Citigroup downgraded it to Sell from Buy and slashed the target price to $20. Oppenheimer lowered its rating to Perform from Outperform.

Urban Outfitters Inc. (NASDAQ: URBN) closed up 0.3% at $20.91 after earnings, and the initial reaction was up almost 3% at $21.50 after some are hoping for the turnaround to take hold. Wedbush maintained it as Neutral and cut the target price to $20 from $26.

Wanda Sports Group Co. Ltd. (NASDAQ: WSG) was started as Buy and assigned a $5.50 price target at Citigroup. Deutsche Bank started it as Buy with an $11 target price. Shares closed up 1.8% ahead of the call, but it has a $535 million market cap.

Funko Inc. (NASDAQ: FNKO) was named as the Bull of the Day at Zacks, which said everything is clicking for this pop culture product maker. The Zacks Bear of the Day is Exxon Mobil Corp. (NYSE: XOM). The firm said that big oil earnings are tumbling again.

With all the talk of recession in financial media headlines, Credit Suisse has said that the barely and temporarily inverted yield curve was the only point on its economic dashboard that would qualify toward calling for a recession, as job creation, credit performance, ISM data, housing and earnings quality are all still above that fear level. In a recent outlook, Merrill Lynch pointed out that odds of a recession had increased, but only to one in three over the next 12 months.

Also on recession watch from Bank of America, CEO Brian Moynihan told CNBC that the U.S. consumer is doing well and will keep the economy strong enough above the recession level.

Eight dividend yields of 10% may have even more room to rise ahead.

Tuesday’s top analyst calls included AbbVie, Beyond Meat, Bio-Rad Laboratories, Dell Technologies, HP, Jumia Technologies, Nabriva Therapeutics, PG&E,, Sarepta Therapeutics and many more. Monday’s top analyst calls included Amgen, Aramark, Chevron, Deere, Exxon Mobile, Hecla Mining, Occidental Petroleum, Urban Outfitters, Whiting Petroleum and many more.

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