Top Analyst Upgrades and Downgrades: Ambev, American Water Works, Apple, BeiGene, CenterPoint, Microsoft, NetApp, Pinterest, RealReal, Walmart and More

Nabriva Therapeutics PLC (NASDAQ: NBRV) fell 6.5% to $1.99 on Thursday but was reiterated as Outperform with a $7.00 price target at Wedbush in a call issued late on Thursday. The firm said it is off to a strong start for Xenleta, with continued momentum expected into the winter season and beyond, and it sees a second product, Contepo, likely to be approved in mid-2020.

NetApp Inc. (NASDAQ: NTAP) was reiterated as Buy and the price target was raised to $75 from $66 at Argus, with the firm noting that despite an overall revenue declined in the second-quarter product revenue delivered strong 20% sequential growth and that NetApp is positioning itself for the long term with growth in its sales team and a focus on key markets and verticals.

Nice Ltd. (NASDAQ: NICE) was reiterated as Outperform with a $170 target price (versus a $157.25 close) at Wedbush.

Nvidia Corp. (NASDAQ: NVDA) closed up about 0.6% at $209.79 ahead of earnings and was basically flat and looking for direction after the report. Wedbush reiterated it as Outperform with a $243 target price, with the view that its strong data center revenues and robust guidance support optimism around the data center business. Benchmark reiterated its Outperform rating and raised its target to $240 from $210, and Mizuho reiterated its Buy rating and raised its target to $230 from $185. Citigroup raised its target to $245 from $220, Merrill Lynch raised its price objective to $275 from $250 and Wells Fargo raised its target to $240 from $220.

Pinterest Inc. (NYSE: PINS) was reiterated as Outperform with a $26 price target (versus a $19.60 close) at Wedbush, with the firm coming away opportunistic after a roundtable meeting with positive views on Pinterest’s long-term potential and its ability to build a scalable and differentiated digital media platform that will offer advertisers strong return on investment.

RealReal Inc. (NASDAQ: REAL) was reiterated as Outperform and with a $30 target price at Credit Suisse after it fell 3% to $17.91. The firm noted that the “re-commerce” opportunity is barely scratching the surface of its market opportunity and that RealReal is positioned to lead the category growth with higher gross merchandise value and serious margin improvement.

Walmart Inc. (NYSE: WMT) closed down 0.27% at $120.65 on Thursday despite positive views on earnings that were there initially. Credit Suisse maintained its Neutral rating but raised its target to $115 from $105, and UBS reiterated its Neutral rating but raised its target to $125 from $115. Raymond James reiterated its Outperform rating and raised its target to $130 from $120.

Zacks has released its two daily focus calls. The Bull of the Day is Baidu Inc. (NASDAQ: BIDU), noting that it’s back on track after a significant slowdown. This also follows multiple upgrades and target hikes elsewhere in that last two to three weeks. Zacks named Live Nation Entertainment Inc. (NYSE: LYV) as its Bear of the Day, noting that the recent run-up mixed with a poor earnings view is adding up to a sky-high valuation.

Despite some slowdown in corporate technology-related spending, cybersecurity software and solutions continue on a huge roll. Jefferies has three top picks for 2020.

Thursday’s top analyst upgrades and downgrades included AECOM, AGCO, AK Steel, AT& T, Beyond Meat, Cisco Systems, Energizer, Kraft Heinz, Nucor, Ping, SmileDirectClub, U.S. Steel, Verizon and many more.

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