Top Analyst Upgrades and Downgrades: Arconic, Beyond Meat, Blackstone, Bloom Energy, Datadog, Delta, Netflix, Ping, Xilinx and More

Hewlett Packard Enterprise Co. (NYSE: HPE) was raised to In-Line from Underperform at Evercore ISI.

Medical Properties Trust Inc. (NYSE: MPW) was started with a Neutral rating at Merrill Lynch.

Netflix Inc. (NASDAQ: NFLX) was maintained as Underperform with a $188 target price at Wedbush Securities. This firm has had the most negative target of all firms, and it anticipates third-quarter subscriber upside due to its content and lower domestic churn rates while likely again providing conservative guidance that is under its estimates. Morgan Stanley maintained its Overweight rating and lowered its target to $400 from $450, and Raymond James maintained its Strong Buy rating but lowered its target to $415 from $450.

Nike Inc. (NYSE: NKE) was raised to Neutral from Underperform at Merrill Lynch.

Ping Identity Holding Corp. (NYSE: PING) has seen its quiet period come to an end. Goldman Sachs and Stifel each started it with a Buy rating and $24 target. Merrill Lynch and Deutsche Bank each started it as Buy with a $21 price objective. Price targets of $22 accompany Citigroup’s Buy rating and Oppenheimer’s Outperform. The stock closed up over 2.3% at $16.46 on Friday, and it has a post-IPO trading range of $15.51 to $21.00.

Planet Fitness Inc. (NYSE: PLNT) was raised to Outperform from In-Line with a $72.50 target price (versus a $58.63 close) at Imperial Capital.

Senior Housing Properties Trust (NYSE: SNH) was started with an Underperform rating at Merrill Lynch.

Shake Shack Inc. (NYSE: SHAK) was named as the Bull of the Day at Zacks, which said that fast casual can be a tough space but Danny Meyer certainly seems to have it figured out. Shares of Shake Shack most recently closed at $91.62, with a consensus price target of $82.85.

Skechers USA Inc. (NYSE: SKX) was reiterated as Outperform with a $46 target price (versus a $36.56 close) at Wedbush. It was called as having sustainable global growth into the first half of 2020.

Tapestry Inc. (NYSE: TPR) was downgraded to Neutral from Buy at UBS.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) was named as the Zacks Bear of the Day stock. The firm said that an industrywide trend toward zero trading commissions will hurt revenues at discount brokers. Citigroup also downgraded it to Sell from Neutral and cut its target to $27 from $35. The shares last closed at $35.28, with a consensus price target of $40.47.

Toll Brothers Inc. (NYSE: TOL) was downgraded to Neutral from Positive at Susquehanna.

Xilinx Inc. (NASDAQ: XLNX) was raised to Buy from Neutral with a $115 target price (versus a $96.22 close, after a 3.6% gain) at Nomura/Instinet.

With the earnings avalanche starting this week, the top Jefferies stock picks offer the potential for not only solid results for the quarter but great upside potential.

Friday’s top analyst upgrades and downgrades included Apple, Canopy Growth, CrowdStrike, Delta Air Lines, Johnson & Johnson, Rio Tinto, Roku, Square, Tilray, Twilio and many more.

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