National Oilwell Varco Corp. (NYSE: NOV) was upgraded to Buy from Hold and the target price was raised to $25 from $23 at Jefferies. The consensus target price is $26.16, and the shares closed at $20.69 on Wednesday.
NextCure Inc. (NASDAQ: NXTC) was up 7.1% at $39.43 on Wednesday and indicated up another 1.1% at $39.90 on Thursday. Piper Jaffray reiterated its Overweight rating and raised the target price to $54 from $26. The prior consensus target price was $38.00.
Orchard Therapeutics PLC (NASDAQ: ORTX) was started with an Overweight rating and assigned a $21 target price at Barclays. Shares closed at $14.70 ahead of this call, with a $1.4 billion market cap and a consensus target price of $24.75. The 52-week trading range is $8.65 to $21.64.
Palo Alto Networks Inc. (NYSE: PANW) was up 0.7% at $200.49 ahead of earnings and traded up 7% at $214.65 on Thursday morning, with a prior consensus target price of $263.30. KeyBanc Capital Markets reiterated its Overweight rating and raised its target to $280 from $250. Credit Suisse reiterated its Underperform rating but raised its target to $195 from $185 in a sector-related call. Wedbush reiterated its Outperform rating with a $275 price target, and JPMorgan reiterated its Overweight rating and raised its target to $300 from $270.
Restaurant Brands International Inc. (NYSE: QSR) was reiterated as Overweight and the price target was raised to $90 from $80 at Piper Jaffray. This is the parent of Tim Hortons, Burger King and Popeyes, and the shares were down 2.1% at $74.97 at the prior close, with a $70.50 consensus target price.
Papa John’s International Inc. (NASDAQ: PZZA) was raised to Outperform from Neutral and its target price was raised to $56 from $45 (versus a $48.15 close, after a 3.3% gain) at Credit Suisse.
Shake Shack Inc. (NYSE: SHAK) was up 7.6% at $104.61 on Wednesday and traded up at $105.50 on Thursday. Piper Jaffray raised its target to $109 from $105 and reiterated its Overweight rating.
SJW Group (NYSE: SJW) was reiterated as Buy with a $71 target price (versus a $68.96 close) at Janney. The company received approval by the Connecticut Public Utilities Regulatory Authority to acquire Connecticut Water Service. Its consensus target price is $69.25.
Slack Technologies Inc. (NYSE: WORK) was up 8% at $31.07 ahead of earnings on Wednesday, but Thursday’s post-earnings reaction on its first earnings as a fully public company had the shares down 12.5% at $27.20. Credit Suisse maintained its Neutral rating and lowered the target price to $35 from $40. Barclays maintained its Overweight rating but lowered its target price to $44 from $45.
Smartsheet Inc. (NYSE: SMAR) was up 1.8% at $47.91 on Wednesday but was indicated down about 7.1% at $44.50 on Thursday’s post-earnings reaction. Wedbush reiterated it as Outperform with a $62 target price.
Walmart Inc. (NYSE: WMT) was reiterated as Overweight and the price target was raised to $125 from $115 (versus a $115.91 prior close, after a 1.1% gain) at Morgan Stanley. Walmart’s consensus target price was $118.67, and its 52-week trading range is $85.78 to $115.96.
Wednesday’s top analyst upgrades and downgrades included AbbVie, Camping World, Cleveland-Cliffs, Coupa Software, Dollar General, DuPont, Nike, Roku, StoneCo and many more.