Investing

Top Analyst Upgrades and Downgrades: Ambarella, Apple, Comcast, Costco, CSX, Domino's, Dish, Etsy, HP, 3M, Nike, PepsiCo, Snap and More

Etsy Inc. (NASDAQ: ETSY) was started with a Buy rating and a $70 target price at Nomura/Instinet, with the firm praising Etsy’s execution and new pricing strategy for its online crafts marketplace. It closed up 3.5% at $55.82 on Thursday, and its consensus target price is up at $76.64.

Five Below Inc. (NASDAQ: FIVE) was started with an Outperform rating at William Blair, with the firm noting that the discount retailer offers a fun and differentiated experience for kids, teens and their parents at its stores. Shares closed at $124.33 on Thursday, and the consensus target price was $140.58.

HP Inc. (NYSE: HPQ) closed down 1% at $18.40 on Thursday and was indicated down 5.2% at $17.45 on Friday on news that weakening printing/printer operations would result in 7,000 to 9,000 layoffs over the next three years during another restructuring effort. Loop Capital downgraded HP shares to Hold from Buy and lowered its target price to $19 from $21. Credit Suisse maintained its Neutral rating on HP but it lowered its target to $18 from $21. Merrill Lynch reiterated its Underperform rating and cut its price objective to $16 from $17.

Insulet Corp. (NASDAQ: PODD) was downgraded to Neutral from Buy but the price target was raised to $160 from $155 (versus a $158.69 close) at UBS. The 52-week range is $70.80 to $168.98, and the consensus target price was $143.19.

Janus Henderson Group PLC (NYSE: JHG) was downgraded to Underperform from Market Perform and the price target was lowered to $19.50 from $21 (versus a $21.18 close) at Keefe Bruyette & Woods.

3M Co. (NYSE: MMM) was reiterated as Underweight and the price target was lowered to $158 from $162 at Barclays.

Nike Inc. (NYSE: NKE) was started with an Underperform rating and an $82.50 price target at BNP Paribas. Nike previously closed at $92.22, in a 52-week range of $66.53 to $94.75, and its prior consensus target price was $100.52.

PepsiCo Inc. (NYSE: PEP) closed up 3% at $137.93 on Thursday after earnings, with a 52-week range of $104.53 to $139.75. It was maintained as Neutral at Citigroup, but the firm did lift its target price to $143 from $139.

Snap Inc. (NYSE: SNAP) was raised to Equal Weight from Underweight at Morgan Stanley. After closing down 3.4% at $14.30 on Thursday due to more competition from Facebook, its shares were indicated up 2.3% at $14.65 on Friday. The shares have a 52-week range of $4.82 to $18.36, and the consensus target price was $17.23.

Tandem Diabetes Care Inc. (NASDAQ: TNDM) was raised to Buy from Neutral and the price target was put at $75 (versus a $56.28 close) at UBS. It has a 52-week range of $26.40 to $74.81, and its consensus target price was $82.38.

VMware Inc. (NYSE: VMW) was reiterated as Outperform with a $210 target price (versus a $153.49 close) at Wedbush, with the firm noting that orders and deal flow look strong after some recent pressure since its last earnings report and the acquisition of Pivotal and Carbon Black.

Whiting Petroleum Corp. (NYSE: WLL) was downgraded to Underperform from Neutral with a $5 target price (versus a $7.31 close) at Credit Suisse.

SunTrust has four top energy picks for the fourth quarter, and one is a top idea for total return dividend income investors.

Thursday’s top analyst upgrades and downgrades included Alibaba, Annaly Capital Management, Bed Bath & Beyond, Clorox, CrowdStrike, FireEye, GoPro, Lyft, Square, Tesla, Uber Technology and many more.

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