Investing

Top Analyst Upgrades and Downgrades: Amazon, Avis, Blackstone, Illumina, Intel, Kinder Morgan, 3M, Nvidia, Tesla, Twitter, Uber, Visa and More

Intel Corp. (NASDAQ: INTC) closed up about 1% at $52.23 ahead of earnings but was last seen trading up 3.6% at $54.10 after beating earnings expectations and offering solid guidance that included expanded capacity to meet demand. Wedbush reiterated its Underweight rating and kept its $46 target price. Credit Suisse reiterated its Outperform rating and raised the target price to $65 from $58, and Northland Securities upgraded it to Outperform from Market Perform with a $69 target. Morgan Stanley reiterated its Overweight rating and raised its target to $65 from $64. Intel previously had a $53.13 consensus target price, and its 52-week trading range is $42.86 to $59.59.

Kinder Morgan Inc. (NYSE: KMI) was downgraded to Neutral from Buy with a $21 target price at Goldman Sachs. The stock closed up 0.2% at $20.44 and was indicated down 0.7% at $20.30 on Friday, with a prior consensus target price of $22.15.

3M Co. (NYSE: MMM) was down 4.07% to $161.89 on Thursday after yet another disappointing earnings report. Morgan Stanley maintained it as Equal Weight but lowered the target to $165 from $173. RBC Capital Markets maintained its Sector Perform rating and lowered its target to $164 from $170.

Nasdaq Inc. (NASDAQ: NDAQ) was downgraded to Neutral from Buy and the target price was lowered to $107 from $113 (versus a $100.99 close) at UBS.

Nvidia Corp. (NASDAQ: NVDA) was reiterated as Outperform at RBC Capital Markets, and the analyst there raised the target price from $217 to $251, a new street-high target. The view here is that the data center penetration remains low and using GPUs over CPUs for deep learning and parallel processing tasks was still rather new. Shares closed up 0.9% at $196.86 and were indicated up 1.25 at $199.25 on Friday, with a prior consensus target price of $193.70.

Paycom Software Inc. (NYSE: PAYC) was started with a Buy rating and a $262 target price (versus a $203.50 close) at Citigroup.

Proofpoint Inc. (NASDAQ: PFPT) was up 2.5% at $124.45 on Thursday ahead of earnings, which were viewed as a solid “beat and raise” quarter, but it also included guidance where full-year billings was unchanged. Wedbush reiterated its Outperform rating with a $140 target price.

Sanderson Farms Inc. (NASDAQ: SAFM) was started as Underperform with a $133 price objective (versus a $132.99 prior close) at Merrill Lynch.

Six Flags Entertainment Corp. (NYSE: SIX) was maintained as Overweight and the price target was lowered to $57 from $62 (versus a $44.15 close) at KeyBanc Capital Markets.

Target Corp. (NYSE: TGT) was down 1% at $110.25 on Thursday and was indicated down 0.2% at $110.00 on Friday morning. Goldman Sachs reiterated Target as Buy with a $120 target price.

Tesla Inc. (NASDAQ: TSLA) closed up 17.6% at $299.68 on Thursday after earnings and deliveries. Barclays maintained its Underweight rating, but the firm did raise its target price to $200 from $150.

Twitter Inc. (NYSE: TWTR) was down almost 21% at $30.75 on Thursday after earnings fell short of estimates, and shares were up less than 1% on Friday. Wedbush reiterated Twitter as Neutral and cut the target price to $34.50 from $42.00, and JPMorgan maintained an Overweight rating but cut its target to $40 from $52. UBS maintained its Buy rating but lowered its target to $37 from $46, and Twitter was maintained as Equal Weight and the target was cut to $32 from $34 at Morgan Stanley.

Tyson Foods Inc. (NYSE: TSN) was started as Buy with a $97 price objective (versus a $77.82 close) at Merrill Lynch.

Uber Technologies Inc. (NYSE: UBER) was started with a Buy rating and a $40 target price at Guggenheim. Shares closed up 0.7% at $33.28 ahead of the call, in a 52-week range of $28.31 to $47.08 and with a consensus target price of $49.00.

Visa Inc. (NYSE: V) was up 2.8% at $176.16 on Thursday, and its shares were basically flat on Friday after the earnings report. Morgan Stanley reiterated its Overweight rating and raised its target price to $207 from $191. Visa’s prior consensus target price was $201.09, and the 52-week trading range is $121.60 to $187.05.

Vocera Communications Inc. (NYSE: VCRA) was up 0.3% at $24.29 on Thursday, but the stock was down 26% at $17.85 on Friday morning after earnings. Robert W. Baird downgraded it Neutral from Outperform.

Despite posting some big numbers and shooting higher this week, the Stifel analysts feel that semiconductor capital equipment stocks could be poised for an even bigger 2020.

Thursday’s top analyst upgrades and downgrades included BankUnited, Caterpillar, Costco, eBay, Ford, Kellogg, Lyft, Microsoft, Oshkosh and many more.