Investing

Top Analyst Upgrades and Downgrades: Apple, BP, Cree, Etsy, Facebook, KLA, Lyft, Southwest Air, Starbucks, Tesla, Yum! and More

Molina Healthcare Inc. (NYSE: MOH) was maintained as Overweight but the target price was lowered to $158 from $172 (versus a $123.88 close) at Morgan Stanley.

New York Community Bancorp Inc. (NYSE: NYCB) closed down 13.5% at $11.84 after earnings on Wednesday, and shares were indicated down less than 0.5% on Thursday morning. RBC Capital Markets downgraded it to Sector Perform from Outperform with a $13 target price.

NiSource Inc. (NYSE: NI) was raised to Overweight from Equal Weight at Barclays, but the firm lowered its target by a dollar to $31. The stock closed up 1.5% at $27.51 ahead of the call and has a consensus target price of $30.71.

Royal Gold Inc. (NASDAQ: RGLD) was downgraded to Neutral from Buy and the target price was lowered to $122 from $127 at B. Riley. Shares closed down 5.6% at $114.10 ahead of the call, in a 52-week range of $70.16 to $138.78 and with a consensus target price of $122.62.

Ryder System Inc. (NYSE: R) was downgraded to Hold from Buy and the target price was lowered to $51 from $65 (versus a $48.44 close, after a 7% drop) at Stifel.

Southwest Airlines Co. (NYSE: LUV) was downgraded to Market Perform from Outperform at Bernstein. Southwest closed down 0.3% at $57.04 ahead of the call and was indicated down 1.3% at $56.29 before Thursday’s open. The prior consensus target price was $60.28.

Starbucks Corp. (NASDAQ: SBUX) was last seen trading up 2.3% at $86.13 after earnings. Wedbush reiterated its Neutral rating but raised its target to $87 from $86, saying that 2020 guidance looks reasonable and conservative. Merrill Lynch maintained its Buy rating but trimmed its price objective to $97 from $100.

Terex Corp. (NYSE: TEX) was downgraded to Hold from Buy and the target price was slashed to $24 from $36. It previously closed at $28.87, with a consensus target price of $29.53, but its shares were indicated down over 13% at $25.00 and earnings and sales disappointed.

Tesla Inc. (NASDAQ: TSLA) was maintained as Equal Weight but the target price was raised to $250 from $230 (versus a $315.01 close) at Morgan Stanley.

Yum! Brands Inc. (NYSE: YUM) closed down 5.8% at $103.34 the prior day after earnings, and UBS maintained its Buy rating but lowered its target price to $125 from $131. Morgan Stanley maintained its Equal Weight rating and trimmed its target price to $108 from $112. The stock previously had a $117.64 consensus target price, and its 52-week trading range is $85.81 to $119.72.

The analysts at Raymond James have five technology stocks selected as favorites, and all have big implied upside to the firm’s posted price targets.

Also in a larger call, four banks are still deemed cheap, are underowned and have high expected upside.

Wednesday’s top analyst upgrades and downgrades included Advanced Micro Devices, Apple, Biomarin, Corning, Electronic Arts, FireEye, Grubhub, Nordstrom, NXP Semiconductors, Shopify, Xerox and many more.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.