Top Analyst Upgrades and Downgrades: Apple, Bed Bath & Beyond, Chico's, Clorox, Deere, Gap, Newell, RealReal, Teva, UnitedHealth, Wells Fargo and More
Murphy Oil Corp. (NYSE: MUR) was started with an Outperform rating and assigned a $27 target price at BMO Capital Markets. Shares closed up 0.6% at $21.95 on Friday, with a 52-week range of $17.04 to $36.53 and a consensus target price of $28.54.
Newell Brands Inc. (NASDAQ: NWL) was raised to Buy from Hold and the price target was raised to $25 from $15 (versus an $18.20 close) at SunTrust Robinson Humphrey. It was indicated up 2.3% at $18.60 on Monday, and its 52-week range is $13.04 to $24.57.
Pioneer Natural Resources Co. (NYSE: PXD) was reiterated as Outperform and its target price was raised to $157 from $142 (versus a $126.32 close) at Robert W. Baird.
PNM Resources Inc. (NYSE: PNM) was raised to Buy from Neutral at Merrill Lynch. The stock closed down 0.8% at $51.45 on Friday but was indicated up 0.8% at $51.85 on Monday. Its prior consensus target price was $49.67.
RealReal Inc. (NASDAQ: REAL) was reiterated as Outperform and the target price was raised to $23 from $20 (versus a $19.35 close) at Wells Fargo.
Rockwell Automation Inc. (NYSE: ROK) was downgraded to Market Perform from Outperform at Wells Fargo.
Shake Shack Inc. (NYSE: SHAK) was started with a Hold rating and assigned a $90 target price (versus a $95.52 close) at Deutsche Bank. The consensus target price is $82.25.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) was maintained as Market Perform but the price target was slashed to $8 from $17 at Wells Fargo. Teva previously closed up 5.8% at $6.92 on Friday and was indicated up 1% at $7.00 on Monday.
UnitedHealth Group Inc. (NYSE: UNP) was downgraded to Market Perform from Outperform at BMO Capital Markets. It closed down 0.1% at $215.26 on Friday, and its prior consensus target price was $294.83.
Urban Outfitters Inc. (NASDAQ: URBN) was raised to Outperform from Market Perform and the target price was raised to $30 from $25 (versus a $26.60 close, after a 5% gain) at Wells Fargo. Shares were indicated up 3.6% at $27.14 on Monday, and the prior consensus target price was $27.19.
U.S. Bancorp (NYSE: USB) was downgraded to Underperform from Neutral at Merrill Lynch.
Wells Fargo & Co. (NYSE: WFC) was maintained as Equal Weight at Morgan Stanley, but the firm raised its target price to $50 from $47. This comes after a 3.7% gain to $50.71, and is in response to the naming of a full-time chief executive.
Western Union Co. (NYSE: WU) was maintained as Underweight at Barclays, but the target price was raised to $19 from $18. The stock closed up 2.7% at $23.05 on Friday, and it has a consensus target price of $20.83.
Xcel Energy Inc. (NASDAQ: XEL) was downgraded to Underperform from Neutral at Merrill Lynch. Shares closed down 0.3% at $65.36 on Friday but were indicated down 1.1% at $64.65 on Monday. The prior consensus target price was $61.83.
Zix Corp. (NASDAQ: ZIXI) was named as the Bull of the Day at Zacks, which said that analysts are growing increasingly optimistic on this small-cap security cloud enterprise with large-cap dreams. The shares most recently closed at $7.17, with a consensus price target of $12.75.
Zymeworks Inc. (NASDAQ: ZYME) was raised to Strong Buy from Outperform and the target price was raised to $40 from $36 (versus a $25.88 close) at Raymond James. It had a consensus target price of $24.88 ahead of this call, but its shares were indicated up 6% at $27.45 on Monday morning after presenting study data in second-line HER2-expressing billary tract cancers.
Jefferies has four top growth stocks expected to Outperform ahead.
Five Dow laggards may have surprising outperformance ahead.
Analysts have issued well above normal upside calls on six large-cap and mega-cap companies.
Friday’s top analyst upgrades and downgrades included Box, iRobot, Kimberly-Clark, Match, Oracle, Pinterest, Seattle Genetics, Texas Instruments and many more.