Slack Technologies Inc. (NYSE: WORK) was started as Buy with a $40 price target at MKM Partners, with the firm noting that it trades at a discount in some metrics to many of its semi-peers. Shares closed up about 1% at $30.80 on Wednesday and were indicated to open up 3.2% at $31.80 on Thursday.
Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) was downgraded to Underweight from Neutral and the target price was lowered to $23 from $20 (versus a $25.43 prior close, after a 3.1% drop) at JPMorgan. SQM was indicated down 6.6% at $23.70 on Thursday, and its prior consensus target price had been closer to $41.
Splunk Inc. (NASDAQ: SPLK) was down 3.8% at $123.35 after beating earnings and signaling slower cash flow expectations, but it also announced a $1.05 billion acquisition of SignalFx. Wedbush Securities reiterated its Outperform rating with a $153 target price.
Synopsis Inc. (NASDAQ: SNPS) was reiterated as Outperform and the target price was raised to $160 from $150 (versus a $131.84 close) at Wells Fargo. KeyBanc Capital Markets reiterated it as Overweight and raised the target price to $153 from $152. Shares were indicated up 2.4% at $135.00 on Thursday, and the consensus target price was $133.88.
Target Corp. (NYSE: TGT) was up 20.4% at $103.00 on Wednesday after earnings, and the shares were indicated up another 1% or so on Thursday. Buckingham Research reiterated its Buy rating, but the price target was raised to $117 from $102. Morgan Stanley maintained its Equal Weight rating but launched its target price higher to $107 from $76 in the call. Citigroup upgraded Target to Buy from Neutral and raised its target to $130 from $80, and KeyBanc Capital Markets reiterated its Overweight rating and raised its target price to $120 from $110.
Tiffany & Co. (NYSE: TIF) was maintained as Outperform but the target price was cut to $100 from $115 at Oppenheimer. The stock closed up 2.7% at $84.53 on Wednesday and was indicated down marginally on Thursday. Its consensus target price was $107.64.
USANA Health Sciences Inc. (NYSE: USNA) was started with a Hold rating at Jefferies.
Wayfair Inc. (NYSE: W) was raised to Buy from Hold with a $150 target price (versus a $115.09 close) at Stifel.
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Wednesday’s top analyst upgrades and downgrades included Baidu, BP, Ciena, Chevron, Cree, Exxon Mobile, Home Depot, Medtronic, Nvidia and Urban Outfitters and many more.