Top Analyst Upgrades and Downgrades: Dropbox, EA, Halliburton, Intuit, Juniper Networks, ProLogis, Silicon Motion, Taiwan Semi, Textron, Vertex and More
Silicon Motion Technology Corp. (NASDAQ: SIMO) was started as Neutral with a $39 target price (versus a $38.90 close) at Wedbush Securities. While the call suggests the shares are fully valued, the firm noted that the company is building the brains for NAND, has favorable near-term customer tailwinds and could deliver meaningful earnings growth over the intermediate term.
Solar Winds Inc. (NYSE: SWI) was downgraded to In-Line from Outperform at Evercore ISI.
Spirit AeroSystems Holdings Inc. (NYSE: SPR) was downgraded to Neutral from Outperform at Robert W. Baird.
SPX Corp. (NYSE: SPXC) was started with a Buy rating and a $50 target price (versus a $41.33 close) at Seaport Global.
Tactile Systems Technology Inc. (NASDAQ: TCMD) was started as Perform at Oppenheimer.
Taiwan Semiconductor Manufacturer Co. (NYSE: TSM) was named as the Bull of the Day at Zacks, which said that TSMC is a driving force in the fourth industrial revolution, and it might be time to take ownership. The shares most recently closed at $50.00 and have a consensus price target of $54.78.
Textron Corp. (NYSE: TXT) was downgraded to Neutral from Buy at Merrill Lynch.
Valero Energy Corp. (NYSE: VLO) was reiterated as Overweight and the price target was raised to $110 from $105 at Morgan Stanley. The stock closed up 2.3% at $93.21 on Monday, and it has a consensus target price of $99.94.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) was reiterated as Buy and the price target was raised to $225 from $205 at Citigroup.
ViewRay Inc. (NASDAQ: VRAY) was started with an Outperform rating and a $7 price target at Oppenheimer. The shares previously closed at $2.50, and the market cap was just $235 million.
Workday Inc. (NYSE: WDAY) was raised to Outperform from In-Line at Evercore ISI.
Zions Bancorp (NASDAQ: ZION) was reiterated as Buy and the price target was raised to $55 from $49 at Citigroup. Wedbush maintained its Neutral rating and raised its target to $48 from $41.
Raymond James has one trade related to housing that has worked for nine of the past 10 years, and the firm thinks it is set up to see another repeat.
Credit Suisse has a call for refinery stocks to continue to do well at a time that most other energy stocks have not lived up to anything positive in 2019.
After all the trade war noise and after all the global slowing, one firm shows why now may be time to add stocks to your holdings that have serious international exposure.
Five stocks trading under $10 may have significant upside to their price targets if the analysts following them are correct.
Monday’s top analyst upgrades and downgrades included Amazon.com, Apple, Bank of America, Boeing, Cheniere Energy, Chipotle Mexican Grill, CommScope, IBM, Peloton Interactive, Pinterest, Schlumberger and many more.