Investing

Top Analyst Upgrades and Downgrades: Alphabet, At Home, Chewy, Etsy, Facebook, Nike, RH, Slack, Square, Verint, Visa, Wayfair and More

RH (NYSE: RH) was reiterated as Buy and the price objective was raised to $235 from $228 (versus a $205.62 close) at Merrill Lynch, and Wells Fargo reiterated its Outperform rating and raised its target to $230 from $225.

Select Medical Holdings Corp. (NYSE: SEM) was named as the Bull of the Day at Zacks, which said that a recent beat and raise has propelled this stock to recent highs and it could go a lot higher. Shares most recently closed at $22.56, with a consensus price target of $102.40.

Slack Technologies Inc. (NYSE: WORK) closed down 4% at $21.66 ahead of earnings, but the shares were indicated up 6% at $23.00 on Thursday. Wedbush Securities reiterated its Underperform rating and $14 price target, and while the firm said that the numbers were impressive and the bulls will be excited to finally see some good news, it believes that a conservative Billings forecast for the fourth quarter potentially will rule the day and keep a lid on the stock. Credit Suisse maintained its Neutral rating but cut its target price to $27 from $35.

Square Inc. (NYSE: SQ) was started with a Neutral rating at Compass Point.

Synchrony Financial (NYSE: SYF) was downgraded to Neutral from Buy at Nomura/Instinet.

Verint Systems Inc. (NASDAQ: VRNT) announced after earnings that it would split into two companies. Wedbush reiterated its Outperform rating and $70 target price in a sum of the parts analysis after shares closed at $47.81. This is viewed as unlocking shareholder value that will add roughly $10 to $12 per share to the valuation right out of the gates.

Visa Inc. (NYSE: V) was started with a Buy rating at Compass Point.

VMware Inc. (NYSE: VMW) was named as the Zacks Bear of the Day stock. The firm said that the stock tumbled after beating the number and it could get worse. Shares last closed at $151.09 and have a consensus price target of $181.24.

Wayfair Inc. (NYSE: W) closed down almost 3% at $80.57 ahead of earnings and was indicated up 0.3% at $80.80 afterward. Wedbush maintained its Neutral rating and $85 target price. Guidance was more or less in line with expectations, but the firm sees more limited upside potential to its fourth-quarter growth estimate and guidance of 24% to 26% growth.

Whiting Petroleum Corp. (NYSE: WLL) was downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

Xylem Inc. (NYSE: XYL) was downgraded to Hold from Buy at Jefferies.

Yeti Holdings Inc. (NYSE: YETI) was raised to Buy from Neutral with a $37 target price (versus a $31.37 close) at Goldman Sachs.

Goldman Sachs has initiated coverage on some of the key trucking and freight companies:

  • Old Dominion Freight Line Inc. (NASDAQ: ODFL) as Sell with a $173 target (versus a $181.78 close).
  • Knight-Swift Transportation Holdings Inc. (NYSE: KNX) as Buy with a $45 target (versus a $35.64 close).
  • Schneider National Inc. (NYSE: SNDR) as Buy with a $27 target price (versus a $22.03 close).
  • Werner Enterprises Inc. (NASDAQ: WERN) with a Buy rating and $45 target (versus a $35.53 close).

Wednesday’s top analyst upgrades and downgrades included AK Steel, CenterPoint Energy, Marvell Technology, Nike, Salesforce, Tesla, Tyson Foods, UnitedHealth, Zscaler and many more.

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