Investing

Top Analyst Upgrades and Downgrades: Amgen, BorgWarner, Chipotle, Cree, Dollar General, Exelon, PDC Energy, Verizon, Zynga and More

Red Robin Gourmet Burgers Inc. (NASDAQ: RRGB) was downgraded to Underweight from Neutral at Merrill Lynch, and shares had closed down 1.46% at $34.39 ahead of the call, with a $34.56 consensus target price.

Simpson Manufacturing Co. Inc. (NYSE: SSD) was named as the Zacks Bear of the Day stock. The firm said that new home building is not benefiting from ultra-low rates as prices rise and confidence falls.

STORE Capital Corp. (NYSE: STOR) was started with a Buy rating at Deutsche Bank. It closed up 0.7% at $36.95 on Monday, in a 52-week range of $26.93 to $37.30 and with a consensus target price of $38.00.

Tabula Rasa Healthcare Inc. (NASDAQ: TRHC) was named as the Bull of the Day at Zacks, which said that medication safety is a top priority for care providers and this small-cap IT ninja is building the network’s intelligence.

Tellurian Inc. (NASDAQ: TELL) was maintained with an Outperform rating at Raymond James, but the firm lowered its target price to $12 from $13. Shares closed down almost 8% at $6.91 on Monday, with a consensus analyst target of $11.56. The 52-week trading range is $ 5.12 to $11.80.

T-Mobile US Inc. (NASDAQ: TMUS) was downgraded to Perform from Outperform at Oppenheimer, thus losing its target price. The shares had closed up just over 2% at $78.06 ahead of this call, in a 52-week range of $59.96 to $85.22 and with a consensus target price of $88.53.

Verizon Communications Inc. (NYSE: VZ) was raised to Outperform from Perform, along with a new $70 target price, at Oppenheimer. Verizon closed up 1.4% at $56.71 ahead of this call. Its 52-week range is $52.28 to $61.58, and its consensus target price is $60.09.

Weight Watchers International Inc. (NASDAQ: WW) was raised to Buy from Hold with a $35 target price (versus a $28.88 close) at Craig-Hallum. The stock was up over 4% on Monday, and its consensus target price was $28.90 ahead of this call.

Zebra Technologies Corp. (NASDAQ: ZBRA) was started with an Overweight rating and assigned a $230 price target (versus a $198.41 close) at Atlantic Equities. The consensus target price was $241.00, and the 52-week trading range is $140.95 to $237.15.

Zymeworks Inc. (NYSE: ZYME) was reiterated as Buy at Citigroup, but the firm raised its target to $49 from $22 with a positive view on its breast cancer treatment. The stock closed down 0.5% at $24.87 ahead of the call, in a 52-week range of $10.72 to $27.19 and with a consensus target price of $24.88.

Zynga Inc. (NASDAQ: ZNGA) was rated as Outperform with a $9 price target (versus a $5.60 close) at Wedbush Securities. The firm has added Zynga to its Best Ideas List as it thinks the key titles “Empires & Puzzles” and “Merge Dragons!” and three new releases later in 2019 and more beyond, have the combined potential to drive significant upside to consensus analyst expectations through 2021.

24/7 Wall St. added a new layer of criteria on a list of 50 Credit Suisse stocks and got the list down to 30 names for sustainable dividends for cautious income investors. These all enjoy extremely healthy payout ratios, and their dividend yields are 3.5% to over 5%.

Jefferies sees some of the top bank stocks as having the best value in the S&P. Meanwhile, Robert W. Baird’s team sees several biotech and health care stocks as having massive upside potential.

In addition, these are the six most shorted Dow stocks as of mid-August.

Monday’s top analyst calls included Autodesk, Canopy Growth, Cree, Dish Network, Dynatrace, Elanco, Foot Locker, Lyft, Qualcomm and many more.

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