Investing

Top Analyst Upgrades and Downgrades: Apple, Blackstone, CBS, Disney, Global Payments, Netflix, Ralph Lauren, Wynn Resorts and More

Global Payments Inc. (NYSE: GPN) was resumed in coverage at Goldman Sachs with a Buy rating and a $212 price target. That compares to the consensus target of $186.73. The shares ended Monday at $159.66.

Merit Medical Systems Inc. (NASDAQ: MMSI) was started with an Outperform rating at Oppenheimer, which also assigned a $40 price target. That compares with a much higher consensus target of $52.29. The stock was last seen Monday at $31.35, up almost 4% on the day.

Mirati Therapeutics Inc. (NASDAQ: NRTX) was raised to Buy from Neutral at Guggenheim. The 52-week trading range for the shares is a stunning $28.53 to $111.19, and the consensus price target is $108.77. The last trade Monday came in at $89.63.

Netflix Inc. (NASDAQ: NFLX) was started at Market Perform with a $288 price target by Wells Fargo. The consensus target is a stunning $386.90. Pivotal Research dropped its price target from $515 to $350. The shares are actually down for the year as Wall Street has become increasingly concerned with all the streaming competition the company faces already or has coming soon. The stock closed Monday at $265.92.

Party City Holdco Inc. (NYSE: PRTY) was named as the Zacks Bear of the Day stock. The firm said that tariffs and other headwinds have taken the fun out of this party retailer. Shares last closed at $5.95, with a consensus price target of $9.50.

Ralph Lauren Corp. (NYSE: RL) was raised to Overweight from Neutral at Atlantic Equities. The shares have traded in a 52-week range of $82.69 to $1393.56, and the consensus price target is $123.75. The stock closed Monday at $92.73.

Southern Copper Inc. (NYSE: SCCO) was raised to Equal Weight from Underweight at Morgan Stanley. The 52-week range is $29.01 to $44.43, and the consensus price target is $37.27. The shares closed at $34.57 on Monday.

Snap Inc. (NYSE: SNAP) was raised to Buy from Neutral at Guggenheim, where the analysts have set a $22 price target. That compares to a much lower consensus price target of $16.57. The stock closed above that level on Monday at $17.12.

Walt Disney Co. (NYSE: DIS) was started with an Outperform rating at Wells Fargo, which also has a strong $173 price objective. The posted consensus price target is lower at $151.73. Monday’s last trade for the shares came in at $132.46.

Wynn Resorts Ltd. (NYSE: WYNN) was raised to Buy from Neutral at Goldman Sachs, which has a $155 price target on the casino giant. The prevailing consensus target is $135, and shares ended Monday at $108.11.

Zscaler Inc. (NASDAQ: ZS) was raised to Buy from Hold at Berenberg. The stock has traded in a 52-week range of $30.72 to $89.54. The consensus price target is $67.82, and the shares were last seen trading at $50.32.

Monday’s top analyst upgrades and downgrades included Alcoa, Amgen, Apache, Chewy, Clorox, Concho Resources, Edwards Lifesciences, Occidental Petroleum, Walt Disney and many more.