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Top Analyst Upgrades and Downgrades: Datadog, Delta Air, Eli Lilly, FedEx, Halliburton, Kinder Morgan, Skechers, Teladoc, Waste Management and More
December 18, 2019 8:50 am
Last Updated: January 30, 2020 12:03 pm
Simon Property Group Inc. (NYSE: SPG) was downgraded to Neutral from Overweight and its target price was lowered to $162 from $170 at JPMorgan.
Skechers USA Inc. (NYSE: SKX) was started with a Buy rating and a $49 target price (versus a $41.490 close) at Deutsche Bank.
Southern Co. (NYSE: SO) was maintained with an Underperform rating at Credit Suisse, but the firm raised its target price to $64 from $60.
Stoke Therapeutics Inc. (NYSE: STOK) was started with an Outperform rating and a $31 target price (versus a $24.98 close) at Wedbush, with the firm noting that the company offers a productive approach to treating Dravet syndrome.
Synopsys Inc. (NASDAQ: SNPS) was named as the Bull of the Day at Zacks, which said that this company is the backbone of innovation for global electronics and is a safe way to invest in semiconductors. Shares most recently closed at $136.94 apiece, with a consensus price target of $152.99.
Teladoc Health Inc. (NYSE: TDOC) was reiterated as Overweight and the target price was raised to $86 from $75 at KeyBanc Capital Markets.
Texas Capital Bancshares Inc. (NASDAQ: TCBI) was downgraded to Neutral from Buy at Merrill Lynch.
Waste Management Inc. (NYSE: WM) was started as Outperform with a $130 target price at CIBC. Shares closed at $112.96 ahead of the call, with a 52-week range of $83.49 to $121.77 and a consensus target price of $124.73.
World Acceptance Corp. (NASDAQ: WRLD) was raised to Neutral from Sell at Janney, but the firm maintained its $87 target price. The stock previously closed down 2.5% at $87.84, and it has a 52-week trading range of $87.40 to $175.78.
Credit Suisse has issued its 2020 Research Outlook and global equity strategy, featuring themes, sectors and styles. The firm’s key themes for 2020 include climate change, technical disruption (in cheap and non-disrupted areas) and spending on infrastructure and non-U.S. defense. Credit Suisse’s top macro-theme is a strong preference for emerging market exposure, and it has increased its views on utilities (despite macro views and valuations) due to their improving outlook.
SunTrust Robinson Humphrey is positive on both Electronic Arts Inc. (NASDAQ: EA) and Activision Blizzard Inc. (NASDAQ: ATVI) with Buy ratings for 2020 ahead of the SonyPS and Xbox upcoming console releases due in time for Christmas of 2020.
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Tuesday’s top analyst upgrades and downgrades included Alcoa, Bed Bath & Beyond, Boeing, CenturyLink, DuPont, FedEx, Groupon, Johnson & Johnson, Micron Technology, Microsoft, WPX Energy and many more.
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