Top Analyst Upgrades and Downgrades: Arista, Booking, Dunkin, DuPont, GameStop, Generac, PBF Energy, Pinterest, Square, YETI and More
GameStop Corp. (NYSE: GME) was the Zacks Bear of the Day, because it is unable to adapt to a changing landscape even as the video game market continues to soar. The stock previously closed down 5% at $5.44 a share. The 52-week trading range is $3.15 to $16.90.
Generac Holdings Inc. (NYSE: GNRC) was downgraded to Neutral from Buy at Merrill Lynch.
IMAX Corp. (NYSE: IMAX) was reiterated with an Outperform rating and a $28 target price (versus a $21.26 close) at Wedbush, with the firm talking up expectations for 2020. Canaccord Genuity also raised the stock to Buy from Hold.
PBF Energy Inc. (NYSE: PBF) was reiterated as Outperform and the target price was raised to $39 from $34 (versus a $32.28 close) at Raymond James.
Pinterest Inc. (NYSE: PINS) traded down 3% to $25.14 ahead of earnings, but shares were indicated down about 21% at $19.90 on Friday morning after earnings. Wedbush reiterated its Outperform rating with a $28 target price. The 52-week trading range is $19.06 to $36.83.
Sarepta Therapeutics Inc. (NASDAQ: SRPT) was started with a Buy rating and a $180 target price (versus an $83.06 close) at Guggenheim. Shares were indicated up almost 2% at $84.50 ahead of the opening bell. The 52-week trading range is $72.05 to $158.80.
Square Inc. (NYSE: SQ) was the Bull of the Day at Zacks, which noted that it the company is becoming a well-diversified fintech firm that has its hand in a lot of different pockets and that the recent fall of about 25% from its highs may be a buying opportunity. The 52-week trading range is $49.82 to $83.20.
Takeda Pharmaceutical Co. Ltd. (NYSE: TAK) was started with a Market Perform rating and a $19.50 target price (versus a $17.97 close) at Cowen.
Thomson Reuters (NYSE: TRI) was reiterated as Outperform with an $80 target price at Credit Suisse, but the firm raised its valuation model by $3 per share.
YETI Holdings Inc. (NYSE: YETI) was down 4% at $33.31 ahead of earnings on Thursday, and shares were indicated down another 3.2% at $32.25 on Friday morning. Citigroup downgraded the stock to Neutral from Buy.
Note that Merrill Lynch believes that four “broken” IPOs could have huge potential upside.
Thursday’s top analyst upgrades and downgrades included Apple, BP, Cree, Etsy, Facebook, KLA, Lyft, Southwest Airlines, Starbucks, Tesla, Yum! Brands and many more.