Investing

Top Analyst Upgrades and Downgrades: Citigroup, CommScope, CVS, CyberArk, Emerson, Match, Mylan, Qualcomm, Roku, Square, Twitter, Vonage and More

Mylan N.V. (NASDAQ: MYL) was downgraded to Equal Weight from Overweight at JPMorgan, which cut the target price to $18 from $25. The stock closed down 3.5% at $17.17 on Wednesday and was indicated marginally lower on Thursday. Its prior consensus target price was $26.25.

Papa John’s International (NASDAQ: PZZA) was downgraded to Neutral from Buy at MKM Partners, while Stephens reiterated its Overweight rating and raised its target to $70 from $60.

Qualcomm Inc. (NASDAQ: QCOM) closed down almost 1% at $84.63 on Wednesday but was indicated up 5.2% at $89.07 on Thursday’s post-earnings reaction. JPMorgan reiterated its Overweight rating and raised its target to $97 from $88, and UBS kept its Neutral rating but still raised its target to $87 from $73.

RealPage Inc. (NYSE: RP) was down 2.3% at $59.74 on Wednesday, and the post-earnings reaction was down 7.5% more at $55.25 on Thursday. JPMorgan downgraded it to Neutral from Overweight and cut the target price to $65 from $78. KeyBanc Capital Markets kept an Overweight rating but cut its target to $72 from $76.

Roku Inc. (NASDAQ: ROKU) was up 1% at $141.05 ahead of earnings but was indicated to open down 15% at $119.85 on Thursday’s post-earnings reaction. Wedbush reiterated it at Neutral with a $105 target price.

Square Inc. (NYSE: SQ) was reiterated as Neutral at Piper Jaffray, but the firm cut its target to $66 from $75. Wedbush reiterated its Neutral rating and $75 target price, and Nomura/Instinet reiterated its Reduce rating on the shares. JPMorgan maintained its Overweight rating but cut its target to $75 from $87.

Twitter Inc. (NYSE: TWTR) was downgraded to Underperform from In-Line at Evercore ISI. Twitter closed down 0.9% at $29.54 on Wednesday and was indicated down another 1.6% at $29.05 on Thursday.

UDR Inc. (NYSE: UDR) was downgraded to Neutral from Buy at Mizuho.

Vonage Holdings Corp. (NYSE: VG) was maintained as Buy but the target was cut to $12 from $16 at Citigroup, and KeyBanc Capital Markets maintained its Overweight rating but lowered its target to $16 from $17. Vonage was down almost 17% at $8.37 after earnings, and the prior consensus target price was $15.68.

Wynn Resorts Ltd. (NASDAQ: WYNN) was reiterated as Overweight and its target was raised to $143 from $136 at JPMorgan.

Yeti Holdings Inc. (NYSE: YETI) was named as the Bull of the Day at Zacks, which said that the premium cooler maker is posting double-digit growth numbers. Shares most recently closed at $30.73, with a consensus price target of $38.92.

Zions Bancorp (NASDAQ: ZION) was downgraded to Neutral from Buy at D.A. Davidson.

More than a few on Wall Street see crude inventories diving in 2020, and if demand spikes from a trade deal, or slowing production drops from a geopolitical issue, prices could be going much higher. One firm sees three top oil giants coming out on top.

Wednesday’s top analyst upgrades and downgrades included Altice USA, CenturyLink, Cigna, Emerson Electric, Foot Locker, Groupon, Lululemon Athletica, Nike, State Street, Walt Disney and many more.