Investing
Top Analyst Upgrades and Downgrades: BofA, CME, Conoco, CSX, EverQuote, Home Depot, IAC/InterActive, Snap, Splunk, Square, TJX and More
September 17, 2019 8:50 am
Last Updated: January 30, 2020 3:44 pm
Match Group Inc. (NASDAQ: MTCH) was started with a Buy rating and assigned a $95 target price (versus a $76.61 prior close, after a 2.2% gain) at Citigroup.
NIC Inc. (NASDAQ: EGOV) was downgraded to Neutral from Buy at D.A. Davidson. It closed up 0.3% at $21.79 on Monday, with a consensus target price of $22.67.
Norfolk Southern Corp. (NYSE: NSC) was maintained as Buy at UBS, but the target price was cut to $216 from $230. Shares closed up nine cents at $182.28 after Monday’s oil price surge.
Orchard Therapeutics PLC (NASDAQ: ORTX) was started with a Buy rating and assigned a $31 target price (versus a $15.50 close, after a 3.1% gain) at Guggenheim.
PagSeguro Digital Ltd. (NYSE: PAGS) was raised to Hold from Reduce at HSBC.
Shake Shack Inc. (NYSE: SHAK) was reiterated as Hold at Stifel, but the firm raised its target price to $80 from $65 (versus a $100.78 close, after a 0.8% gain).
Snap Inc. (NYSE: SNAP) was raised to Neutral from Negative at Susquehanna, and the firm raised its target to $18 from $12. The stock closed down 1.5% at $15.76 on Monday and was indicated up 1.7% at $16.03 on Tuesday. Snap had a consensus target price of $16.38, and its 52-week trading range is $4.82 to $18.36.
Splunk Inc. (NASDAQ: SPLK) was raised to Overweight from Neutral at JPMorgan, which also has a $130 target price. The stock closed up 1% at $114.82 on Monday, with a consensus target price of $150.02 and a 52-week trading range of $83.69 to $143.70.
Square Inc. (NYSE: SQ) was reiterated as Neutral with a $75 target price (versus a $59.25 close) at Wedbush, with a warning that Square looks like it about to have a margin-diluting investment phase that could create a noisy period for the coming quarters.
TJX Companies Inc. (NYSE: TJX) was upgraded to Neutral from Sell and the target price was raised to $58 from $41 at UBS. Shares closed down 2% at $55.43 on Monday, as the surge in oil prices competes with retail spending.
Union Pacific Corp. (NYSE: UNP) was maintained as Buy at UBS, but the target price was cut to $193 from $201. The stock closed down about 1.5% at $168.95 after Monday’s oil price surge.
24/7 Wall St.With the talk of a potential Strategic Petroleum Reserve (SPR) release if it is needed, here is a look at what the SPR really is. Also, here is how 10 oil and gas stocks surged higher while transportation stocks were very mixed (despite being sensitive to the price of oil) on the Saudi-oil impact news. We also have covered how the weaponization and attacks with drones have only just begun.
Monday’s top analyst upgrades and downgrades included Aimmune Therapeutics, Apple, Aurora Cannabis, Dick’s Sporting Goods, Halliburton, HP, JPMorgan, Lowe’s, Lyft, Schlumberger, Uber Technologies and many more.
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